ICICI Prudential MF’s NFO to close on Nov 26
25/11/2014 11:00
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 75 - 1246 Days Plan U” with maturity period of 1246 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 on November 19 and will close on November 26.
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 Composite Bond Fund Index. Rahul Bhuskute and Nikhil Paranjape 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 instruments including securitized debt and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt instruments including securitized debt and 0 to 20 per cent of asset in money market instruments.
25/11/2014 11:00
ICICI Prudential Mutual Fund has launched a new close ended debt fund scheme named “ICICI Prudential Fixed Maturity Plan - Series 75 - 1246 Days Plan U” with maturity period of 1246 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 on November 19 and will close on November 26.
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 Composite Bond Fund Index. Rahul Bhuskute and Nikhil Paranjape 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 instruments including securitized debt and money market instruments. Hence, the scheme will allocate 80 to 100 per cent of asset in debt instruments including securitized debt and 0 to 20 per cent of asset in money market instruments.
