ICICI Prudential MF launches new close ended debt scheme
16/03/2015 11:09
ICICI Prudential Mutual Fund has launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan R” with maturity period of 1100 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 16 and will close on March 17. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not 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 options. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme is to generate income will be met by investing by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent in Money Market Instruments.
16/03/2015 11:09
ICICI Prudential Mutual Fund has launched a new close ended debt scheme named “ICICI Prudential Fixed Maturity Plan - Series 76 - 1100 Days Plan R” with maturity period of 1100 days from the date of allotment of units. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on March 16 and will close on March 17. According to the offer document filed with SEBI, the entry load is not applicable and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will also be not 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 options. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Rahul Goswami and Rohan Maru will be the fund manager of the scheme. The asset allocation of the scheme will be in such a way that the objective of the scheme is to generate income will be met by investing by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. Hence, the scheme will allocate 70 to 100 per cent of asset in debt instruments including government securities and 0 to 30 per cent in Money Market Instruments.
