MASTER MIND FINNASSET: ICICI Prudential Fixed Maturity Plan Series 74-367 Days Plan D Floats On

Monday, April 14, 2014

ICICI Prudential Fixed Maturity Plan Series 74-367 Days Plan D Floats On

NFO period is from 21 April to 28 April 2014

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Fixed Maturity Plan – Series 74 – 367 Days Plan D, a close ended debt scheme. The tenure of the scheme is 367 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 21 April to 28 April 2014.

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 60%-100% of its assets in money market instruments and invest upto 40% of assets in debt instruments including securitized debt with low to medium risk profile.

The scheme will not have any exposure to derivatives and if a plan 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.

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

The scheme is proposed to be listed on BSE.

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.

Benchmark Index for the scheme is Crisil Short Term Bond Fund Index.

The fund managers of the scheme are Rahul Goswami and Rohan Maru.

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