ICICI Pru. MF Capital Protection Oriented Fund - Series X - 1235 Days
Plan A
ICICI Prudential Mutual Fund (MF) has launched a new fund named as ICICI
Prudential Capital Protection Oriented Fund - Series X - 1235 Days Plan A, a
close ended capital protection oriented scheme.
The tenure of the scheme is
1235 days. The new fund offer (NFO) price for the scheme is Rs. 10 per unit.
The
new issue will be open for subscription from 20 May and will close on 3 June
2016.
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 65% to 100% of assets in debt securities & money
market instruments with low to medium risk profile and invest upto 35% 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 fund seeks to collect a minimum subscription (minimum target) amount of
Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be not applicable.
The performance of the scheme will be benchmarked against Crisil Composite
Bond Fund Index (85%) and Nifty 50 (15%) Index
The fund managers of the scheme are Vinay Sharma, Chandni Gupta, Rahul
Goswami and Shalya Shah (For investments in ADR / GDR and other foreign
securities).
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