ICICI Prudential Mutual Fund has launched a new fund
named as ICICI MF
Prudential Fixed Maturity Plan - Series 77 - 1170 Days Plan Q, a
close ended debt scheme. The tenure of the scheme is 1170 days from the date of
allotment.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit.
The
new issue opens for subscription from 06 August to 12 August 2015.
The investment objective of the scheme is to seek to
generate income by investing in a portfolio of fixed income securities/debt
instruments maturing on or / before the maturity of the scheme.
Presently, two options are available under the scheme
viz. cumulative and dividend with only dividend payout option.
The scheme will invest 80% to 100% of its assets in debt
instruments including government securities and invest up to 20% of assets in
money market instruments with low to medium risk profile.
The scheme will not
have any exposure to derivatives and if a scheme decides to invest in
securitized debt (Single loan and / or Pool loan Securitized debt), it could be
upto 25% of the corpus of the Plan.
The minimum application amount is Rs 5000 and in
multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount
of Rs 20 crore under the scheme during the NFO period.
The scheme is proposed to be listed on NSE.
Entry load and exit load charge are not applicable for
the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond
Fund Index.
The fund managers of the scheme are Rahul Goswami and
Rohan Maru.
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