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Monday, October 19, 2015

ICICI Prudential Capital Protection Oriented Fund – Series IX – 1103 Days Plan B Floats On

NFO period is from 19 October to 02 November 2015 

ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Capital Protection Oriented Fund – Series IX – 1103 Days Plan B, a close ended capital protection oriented scheme. The tenure of the scheme is 1103 days. The new fund offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 19 October and will close on 02 November 2015. 

The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the plan under the scheme. 

The scheme offers regular plan – cumulative option, direct plan – dividend option, regular plan – cumulative option and regular plan – dividend option. 

The scheme would allocate 70%-100% of assets in debt securities & money market instruments with low to medium risk profile and invest upto 30% of assets in equity and equity related securities with medium to high risk profile. 

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. 

Entry and exit load charge will be not applicable. 

The performance of the scheme will be benchmarked against Crisil Composite Bond Fund Index (85%) and CNX Nifty (15%). 

The fund managers of the scheme are Vinay Sharma (equity portion), Chandni Gupta & Rahul Goswami (debt portion) and Shalya Shah (For investments in ADR / GDR and other foreign securities). 
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