ICICI Prudential Mutual Fund launches new Close Ended Scheme
07/05/2015 09:52
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund - Series 9 - 1141 Days Plan B” with maturity period of 1141 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 May 07 and will close on May 21.
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 option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Chandni Gupta and Shalya Shah will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities/ debt instruments and equity and equity related instruments. 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 and Cash Equivalent and 5 to 35 per cent asset in Equity and Equity Related Instruments.
07/05/2015 09:52
ICICI Prudential Mutual Fund has launched a new close ended income fund scheme named “ICICI Prudential Multiple Yield Fund - Series 9 - 1141 Days Plan B” with maturity period of 1141 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 May 07 and will close on May 21.
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 option.
The performance of the scheme will be benchmarked against CRISIL MIP Blended Index. Vinay Sharma, Rahul Goswami, Chandni Gupta and Shalya Shah will be the fund managers of the scheme.
The asset allocation of the scheme will be in such a way that the objective of the scheme to generate income and capital appreciation will be met by investing in a portfolio of fixed income securities/ debt instruments and equity and equity related instruments. 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 and Cash Equivalent and 5 to 35 per cent asset in Equity and Equity Related Instruments.
