ICICI Prudential MF launches NFO; subscription opens today
29/10/2014 11:20
ICICI Prudential Mutual Fund has launched a new debt oriented interval fund scheme named “ICICI Prudential Interval Fund - Series VIII - Annual Interval Plan A” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on October 30. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Aditya Pagaria 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 generate optimal returns consistent with moderate levels of risk and liquidity will be met by investing in a portfolio of money market instruments and government securities issued by Central & / or State Govt. and other fixed income / debt securities (including but not limited to corporate debt and securitised debt). Hence, the scheme will allocate 60 to 100 per cent of asset in money market instruments and 0 to 40 per cent of asset in government securities issued by Central & / or State Govt. and other fixed income / debt securities (including but not limited to corporate debt and securitised debt).
29/10/2014 11:20
ICICI Prudential Mutual Fund has launched a new debt oriented interval fund scheme named “ICICI Prudential Interval Fund - Series VIII - Annual Interval Plan A” with maturity period of 368 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on October 30. According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter. The options available under the Plan of the Scheme are Cumulative and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Aditya Pagaria 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 generate optimal returns consistent with moderate levels of risk and liquidity will be met by investing in a portfolio of money market instruments and government securities issued by Central & / or State Govt. and other fixed income / debt securities (including but not limited to corporate debt and securitised debt). Hence, the scheme will allocate 60 to 100 per cent of asset in money market instruments and 0 to 40 per cent of asset in government securities issued by Central & / or State Govt. and other fixed income / debt securities (including but not limited to corporate debt and securitised debt).
