ICICI Prudential MF unveils Capital Protection Series 13
ICICI Prudential Mutual Fund has launched Capital Protection Oriented Fund II - Series XIII - 12 Months Plan, that seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities.
ICICI Prudential Mutual Fund has launched ICICI Prudential Capital Protection Oriented Fund II - Series XIII - 12 Months Plan, a close ended capital protection oriented fund with the tenure of 373 Days.
The New Fund Offer (NFO) will be open for subscription from June 4, and close on June 6, 2012. The New Fund Offer price for the scheme is Rs 10 per unit.The investment objective of the scheme is to seek to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the scheme. The scheme offers cumulative and dividend option. Dividend Payout is the only facility available under dividend option. The minimum investment amount is Rs 5000 and in multiples of Rs 10 thereafter. Entry load and exit load charge are not applicable for the scheme. The scheme will be managed by Chaitanya Pande debt portion and equity portion will be managed by Rajat Chandak. The investments of the scheme in ADR/GDR and other foreign securities will be handled by Punit Mehta. The scheme will allocate 93% to 100% of assets in debt securities & money market instruments and upto 7% of assets in equity and equity related securities. For debt and money market instruments, the scheme will have exposure in the following instruments: 70% to 75% in A1+ rated certificate of deposits, 25% to 30% in A1+ rated commercials papers. The benchmark of the scheme will be Crisil MIP Blended Index. The scheme is proposed to be listed on BSE.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
