NFO period is from 07 July to 21 July 2014
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 7 - Plan B, a close ended income fund. The tenure of the plan is 1825 days. The new fund offer price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 10 February will close on 24 February 2014.
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%-95% of assets in debt securities (including government securities), upto 30% of assets in money market instruments, cash and cash equivalents with low to medium risk profile with low to medium risk profile and invest 5%-35% of assets in equity or equity related securities with medium to high risk profile.
Of the investments in debt instruments, 75% to 80% would be invested in AA rated non convertible debentures.
Entry load and exit load charge are not applicable for the scheme.
The scheme is proposed to be listed on NSE.
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 during the NFO period.
Entry and exit load charge will be not applicable.
The benchmark index for the scheme will be Crisil MIP Blended Index.
Rahul Goswami and Aditya Pagaria will jointly manage the debt portion of investments under the scheme. The equity portion will be managed by Vinay Sharma. The investments under the ADRs/GDRs and other foreign securities will be managed by Ashwin Jain.
ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Multiple Yield Fund - Series 7 - Plan B, a close ended income fund. The tenure of the plan is 1825 days. The new fund offer price for the scheme is Rs 10 per unit. The new issue which is open for subscription from 10 February will close on 24 February 2014.
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%-95% of assets in debt securities (including government securities), upto 30% of assets in money market instruments, cash and cash equivalents with low to medium risk profile with low to medium risk profile and invest 5%-35% of assets in equity or equity related securities with medium to high risk profile.
Of the investments in debt instruments, 75% to 80% would be invested in AA rated non convertible debentures.
Entry load and exit load charge are not applicable for the scheme.
The scheme is proposed to be listed on NSE.
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 during the NFO period.
Entry and exit load charge will be not applicable.
The benchmark index for the scheme will be Crisil MIP Blended Index.
Rahul Goswami and Aditya Pagaria will jointly manage the debt portion of investments under the scheme. The equity portion will be managed by Vinay Sharma. The investments under the ADRs/GDRs and other foreign securities will be managed by Ashwin Jain.
