ICICI MF Prudential Multiple Yield Fund - Series 11 - 1427 Days Plan A, Close ended income fund- NFO

ICICI Prudential Mutual (MF) Fund has launched a new fund named as ICICI MF Prudential Multiple Yield Fund - Series 11 - 1427 Days Plan A, a close ended income fund. 

The tenure of the plan is 1427 days from the date of allotment of units. The new fund offer price for the scheme is Rs 10 per unit. T

he new issue will open for subscription up to 2 August 2016.

The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.

The scheme offers direct and regular plan. Each plan will offer cumulative and dividend option. Dividend payout is the only facility available under dividend option.

The scheme will allocate 65% to 95% of assets in debt securities (including government securities) with low to medium risk profile. 

It would allocate upto 30% of assets in money market instruments, cash and cash equivalents with low to medium risk profile and it would allocate 5% to 35% of the asset in equity or equity related securities with medium to high risk profile.

Of the investments in debt instruments, 83% to 88% would be invested in AA rated non 
convertible debentures. 

The minimum application amount is Rs. 5,000 

The fund seeks to collect a minimum subscription amount of Rs. 20 crore during the NFO period.

Entry load and exit load charge are not applicable for the scheme.

The scheme will be benchmarked against the combination of Crisil Composite Bond Fund Index (80%) and Nifty 50 (20%) Index

The equity portion will be managed by Vinay Sharma. Rahul Goswami and Chandni Gupta will jointly manage the debt portion of investments under the scheme. 

The investments under the ADRs/GDRs and other foreign securities will be managed by Shalya Shah.

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