ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan is a close ended fixed income fund with a partial equity orientation.
This fund is the latest in a series of similar funds, about 45 so far in the last few years, that have the attractive term `capital protection' in their names.
The minimum investment : Rs 5,000
For all investors who are interested in locking in their investment for 24 months, mostly in fixed income, and a little bit in equities, but unable to find matching debt and equity investment options.
NFO (new fund offer) closes on February 27, 2012 The maturity date will fall roughly around the start of March 2014; although, the allotted units will be listed on the BSE, technically, you could buy or sell it.
The scheme information document (SID) states per that it will invest 88 to100% in debt securities and 0 to 12%in equities and equity-related securities.
The fund commits to stay away from securitised debt and real estate debt securities. Like every other fund having `capital protection' in their names, this fund too does not guarantee capital protection. This has been stated in the fund's SID.
The ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan aims to invest in AAA-rated debt.
This fund is the latest in a series of similar funds, about 45 so far in the last few years, that have the attractive term `capital protection' in their names.
The minimum investment : Rs 5,000
For all investors who are interested in locking in their investment for 24 months, mostly in fixed income, and a little bit in equities, but unable to find matching debt and equity investment options.
NFO (new fund offer) closes on February 27, 2012 The maturity date will fall roughly around the start of March 2014; although, the allotted units will be listed on the BSE, technically, you could buy or sell it.
The scheme information document (SID) states per that it will invest 88 to100% in debt securities and 0 to 12%in equities and equity-related securities.
The fund commits to stay away from securitised debt and real estate debt securities. Like every other fund having `capital protection' in their names, this fund too does not guarantee capital protection. This has been stated in the fund's SID.
The ICICI Prudential Capital Protection Oriented Fund II Series VII 24 Months Plan aims to invest in AAA-rated debt.
No comments:
Post a Comment