ICICI Prudential MF launches “ICICI Prudential Constant Maturity Gilt Fund”; NFO
to close on September 01
25/08/2014 11:14
ICICI Prudential Mutual Fund has launched a new open ended income fund scheme named “ICICI Prudential Constant Maturity Gilt Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 01. According to the offer document filed with SEBI, the entry load is nil and the exit load charge will be 0.25 per cent for redemptions within 1 month from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL 10 year Gilt index. Rahul Goswami will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide reasonable returns will be met by investing in a portfolio of government securities and CBLO, reverse repo in government securities, cash and cash equivalent. Hence, the scheme will allocate 95 to 100 per cent of asset in government securities and 0 to 5 per cent of asset in CBLO, reverse repo in government securities, cash and cash equivalent.
25/08/2014 11:14
ICICI Prudential Mutual Fund has launched a new open ended income fund scheme named “ICICI Prudential Constant Maturity Gilt Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on September 01. According to the offer document filed with SEBI, the entry load is nil and the exit load charge will be 0.25 per cent for redemptions within 1 month from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL 10 year Gilt index. Rahul Goswami will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to provide reasonable returns will be met by investing in a portfolio of government securities and CBLO, reverse repo in government securities, cash and cash equivalent. Hence, the scheme will allocate 95 to 100 per cent of asset in government securities and 0 to 5 per cent of asset in CBLO, reverse repo in government securities, cash and cash equivalent.
