ICICI Prudential Mutual Fund (MF) has unveiled a new fund as ICICI Prudential Capital Protection Oriented Fund IV - Plan D - 60 Months Plan D, a close ended capital protection oriented fund.
The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the scheme.
The New Fund Offer (NFO) which will open for subscription from September 19, 2012 and will close on October 01, 2013. The New Fund Offer price for the scheme is Rs. 10 per unit.
The fund offer 2 options cumulative & dividend option. Dividend Payout is the only facility available under dividend option. The cumulative option shall be default option under the scheme.
The minimum application amount: Rs. 5,000 and in multiples of Rs. 10 thereafter.
Entry load & exit load charge are not applicable for the scheme. The scheme is proposed to be listed on BSE (Bombay Stock Exchange).
The fund will allocate 70 % to 100 % of assets in debt securities and money market instruments with low to medium risk profile. On the flipside it would allocate upto 30 % of assets in equity and equity related securities with medium to high risk profile.
The scheme’s performance will be benchmarked against Crisil MIP Blended Index.
The fund manager for the fund will be Rahul Goswami (Debt portion) & Rajat Chandak (Equity Portion). The investments of the scheme in ADR / GDR and other foreign securities are being handled by Mr. Atul Patel.
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