ICICI
Prudential Mutual Fund (MF) has launched a new fund named as ICICI Prudential
MF Capital Protection Oriented Fund VIII - 1290 Days Plan I, a close ended
capital protection oriented scheme.
The
tenure of the scheme is 1,290 days. The new fund offer (NFO) price for the
scheme is Rs. 10 per unit.
The
NFO will be open for subscription from 08 August and will close on 22 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 & 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 & regular plan - dividend option.
The
scheme would allocate 70% to 100% of assets in debt securities and 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.
The
scheme is proposed to be listed on NSE.
Entry
& 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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