1822-day maturity period scheme launched by ICICI Prudential MF
28/11/2014 11:02
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund – Series 8 – 1822 Days – Plan D” with maturity period of 1822 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 December 12.
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 MIP Blended Index. Vinay Sharma, Rahul Goswami, Aditya Pagaria and Shalya Shah will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt securities (including government securities), money market securities, cash & cash equivalent and equity or equity related securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities (including government securities), 0 to 30 per cent of asset in money market securities, cash & cash equivalent and 5 to 35 per cent of asset in equity or equity related securities.
28/11/2014 11:02
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund – Series 8 – 1822 Days – Plan D” with maturity period of 1822 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 December 12.
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 MIP Blended Index. Vinay Sharma, Rahul Goswami, Aditya Pagaria and Shalya Shah will be the Fund Managers of the scheme.
The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of debt securities (including government securities), money market securities, cash & cash equivalent and equity or equity related securities. Hence, the scheme will allocate 65 to 95 per cent of asset in debt securities (including government securities), 0 to 30 per cent of asset in money market securities, cash & cash equivalent and 5 to 35 per cent of asset in equity or equity related securities.
