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Wednesday, February 11, 2015

Pramerica Diversified Equity Fund Floats On

NFO period is from 11 February to 25 February 2015

Pramerica Mutual Fund has launched a new fund named as Pramerica Diversified Equity Fund, an open ended equity scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 11 February to 25 February 2015. 

The investment objective of the scheme is to generate income & capital appreciation by predominantly investing in an actively managed diversified portfolio of equity & equity related instruments including derivatives. 

The scheme offers growth and dividend options under both regular sub plan and direct sub plan. Dividend option has dividend reinvestment faculty, dividend payout facility and dividend transfer facility. 

The scheme shall invest 65%-100% of assets in equity & equity related instruments with high risk profile and up to 35% in cash, money market, debt securities, liquid & debt schemes of Pramerica Mutual Fund with low to medium risk profile. 

Minimum application amount is Rs 5000 and in multiples of Re 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load: Not applicable. 

Exit Load: 

If units are redeemed/switched out on or before 365 days from the date of allotment - 1.00% 

If units are redeemed/switched out after 365 days from the date of allotment – Nil. 

Benchmark Index for the scheme is S&P BSE 200 Index. 

The fund managers of the scheme are Brahmaprakash Singh (Equity Component) and Ritesh Jain (Debt Component). 
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