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Thursday, December 04, 2014

ICICI Prudential Fixed Maturity Plan-Series 71-371 Days Plan M Announces Rollover

The scheme shall mature on 29 December 2016 

ICICI Prudential Mutual Fund has proposed to roll over (extension of maturity date) ICICI Prudential Fixed Maturity Plan-Series 71-367 Days Plan G from 29 December 2014 (existing maturity date) to 29 December 2016 and the details and material terms of such roll over (extension of maturity date) are as follows: 

Purpose-The purpose of the roll over (extension of maturity date) is to continue to benefit from the prevailing yields in the fixed income market into consideration the current economic and regulatory environment. 

Period - 731 days. Accordingly, the revised maturity date of the scheme will be 29 December 2016. 

Extended Maturity Date-29 December 2016. 

Date of rollover-30 December 2014 

Terms of roll over-Upon roll over of the scheme, certain provisions of the scheme stand modified as: 

Asset Allocation: The scheme shall invest 70-100% in debt instrument including securitized debt and up to 30% in money market instruments. 

Tenure of the scheme: The tenure of the scheme will be 731 days from the date of roll over and will mature on 29 December 2016.
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