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Thursday, July 31, 2014

ICICI Prudential Capital Protection Oriented Fund – Series VII files offer document with Sebi

A close ended Capital Protection Oriented Fund ICICI Prudential Mutual Fund has filed offer document with Sebi to launch ICICI Prudential Capital Protection Oriented Fund – Series VII, a close ended capital protection oriented fund. The New Fund Offer price is Rs 10 per unit. The tenure of the plans will have duration from 12-60 months from the date of allotment. 

Investment objective: The investment objective of the plans under 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 to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the plans under the scheme. 

Options/plans: Cumulative and dividend (payout) options under both regular plan and direct plan. 

Benchmark: The performance of the plans viz. Plans A to H under the scheme will be benchmarked against CRISIL MIP Blended Index. 

Loads: Nil 

Minimum Application Amount: Rs. 5,000 and in multiples of Rs 10 thereafter. 

Minimum Target Amount: Rs. 20 crore 

Asset Allocation: 

Tenure of plan- 12 months: The scheme shall invest 91-100% in debt securities and money market instruments and up to 9% in equity & equity related securities. 

Tenure of plan- 24 months: The scheme shall invest 85-100% in debt securities and money market instruments and up to 15% in equity & equity related securities. 

Tenure of plan- 36 months: The scheme shall invest 75-100% in debt securities and money market instruments and up to 25% in equity & equity related securities. 

Tenure of plan- 48 months: The scheme shall invest 70-100% in debt securities and money market instruments and up to 30% in equity & equity related securities. 

Tenure of plan- 60 months: The scheme shall invest 65-100% in debt securities and money market instruments and up to 35% in equity & equity related securities. 

Fund Managers: Vinay Sharma (equity portion), Rahul Goswami (Debt portion jointly with Aditya Pagaria) and Ashwin Jain (For investments in ADR/GDR and other foreign securities)
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