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Tuesday, October 21, 2014

ICICI Prudential Fixed Maturity Plan – Series 76 files offer document with Sebi

A Close – Ended Debt Fund 

ICICI Prudential Mutual Fund has filed offer document with Sebi to launch ICICI Prudential Fixed Maturity Plan – Series 76, a close-ended debt scheme. The New Fund Offer price is Rs 10 per unit. The scheme will have Plans A to Z with duration of 3 months and upto 120 months. 

Investment objective: The investment objective of the plans under 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 plans under the scheme. 

Plans/ option(s): Cumulative and dividend (payout) sub-options under both regular option and direct option. 

Benchmark:

For plans with duration from 3 months and upto 36 months: CRISIL Short Term Bond Fund Index

For plans with duration of more than 36 months and upto 120 months: CRISIL Composite Bond Fund Index

Loads: Nil

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

Minimum Target Amount: Rs 20 crore

Asset Allocation:

For Plans with duration from 3 months and upto 13 months: The scheme shall invest 60-100% in money market instruments and up to 40% in debt instruments including government securities.

For Plans with duration of more than 13 months and upto 36 months: The scheme shall invest up to 30% in money market instruments and 70-100% in debt instruments including government securities.

For Plans with duration of more than 36 months and upto 120 months: The scheme shall invest up to 20% in money market instruments and 80-100% in debt instruments including government securities.

Fund Managers: Rahul Goswami and Rohan Maru 
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