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Wednesday, October 29, 2014

ICICI Prudential Interval Fund – Series VIII – Annual Interval Plan A Floats On

NFO period is from 29 October to 30 October 2014 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Interval Fund – Series VIII – Annual Interval Plan A, a debt oriented interval fund. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 29 October and will close on 30 October 2014. 

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP). 

The scheme offers cumulative option and dividend option with only dividend payout sub-option. 

The scheme would allocate 60%-100% of assets in money market instruments and invest upto 40% of assets in government securities issued by Central & / or State government and other fixed income / sebt securities including but not limited to corporate debt and securitized debt with low to medium risk profile. Debt securities may include securitized debt, which may go upto 25% of the corpus of the scheme. 

The minimum application amount is Rs 5000 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. 

The scheme is proposed to be listed on NSE. 

Entry and exit load charge will be not applicable. 

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

The fund manager of the scheme is Aditya Pagaria. 
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