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Friday, January 30, 2015

ICICI Prudential Fixed Maturity Plan – Series 72 – 366 Days Plan M Announces Rollover

The scheme shall mature on 27 February 2017 

ICICI Prudential Mutual Fund has proposed to roll over (extension of maturity date) ICICI Prudential Fixed Maturity Plan-Series 72-366 Days Plan M from 12 February 2015 (existing maturity date) to 27 February 2017 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 - 746 days. 

Extended Maturity Date-27 February 2017. 

Date of rollover-23 February 2015. 

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 746 days from the date of roll over and will mature on 27 February 2017.
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