ICICI Prudential Mutual Fund (MF) has launched a new fund named as ICICI
Prudential Capital Protection Oriented Fund VIII - 1105 Days Plan H, a close
ended capital protection oriented scheme.
The tenure of the scheme is 1105 days. The new fund offer (NFO) price for
the scheme is Rs. 10 per unit. The new issue will be open for subscription from
4 August and will close on 18 August 2015.
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 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 scheme offers regular plan - cumulative option, direct plan -
dividend option, regular plan - cumulative option and regular plan - dividend
option.
The scheme would allocate 70% to 100% of assets in debt securities &
money market instruments with low to medium risk profile and invest upto 30% of
assets in equity and equity related securities with medium to high risk
profile.
The minimum application amount is Rs. 5,000 and in multiples of Rs, 10
thereafter.
The scheme is proposed to be listed on NSE.
Entry and exit load charge will be not applicable.
Benchmark Index for the scheme is CRISIL MIP Blended Index.
The fund managers of the scheme are Vinay Sharma (equity portion),
Chandni Gupta & Rahul Goswami (debt portion) and Shalya Shah (For
investments in ADR / GDR and other foreign securities).
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