ICICI Prudential MF launches “ICICI Prudential Capital Protection Oriented Fund
V - Plan F - 1100 Days”; NFO to c
20/05/2014 10:43
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund V - Plan F - 1100 Days” with maturity period of 1100 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 19 and will close on May 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 5000 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. Rajat Chandak, Rahul Goswami, Aditya Pagaria and Ashwin Jain 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 protect capital will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities & money market instruments and 0 to 20 per cent of asset in equity & equity related securities.
20/05/2014 10:43
ICICI Prudential Mutual Fund has launched a new close ended capital protection oriented fund scheme named “ICICI Prudential Capital Protection Oriented Fund V - Plan F - 1100 Days” with maturity period of 1100 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 19 and will close on May 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 5000 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. Rajat Chandak, Rahul Goswami, Aditya Pagaria and Ashwin Jain 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 protect capital will be met by investing in a portfolio of debt securities & money market instruments and equity & equity related securities. Hence, the scheme will allocate 80 to 100 per cent of asset in debt securities & money market instruments and 0 to 20 per cent of asset in equity & equity related securities.
