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Thursday, March 12, 2015

ICICI Prudential Fixed Maturity Plan-Series 73-369 Days Plan P Announces Rollover

The scheme shall mature on 06 April 2017 

ICICI Prudential Mutual Fund has proposed to roll over (extension of maturity date) ICICI Prudential Fixed Maturity Plan-Series 73-369 Days Plan P from 30 March 2015 (existing maturity date) to 06 April 2017. 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 - 738 days. 

Extended Maturity Date-06 April 2017. 

Date of rollover-31 March 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 and up to 30% in money market instruments. 

Maturity Provision: The tenure of the scheme will be 738 days from the date of roll over and will mature on 06 April 2017.
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