ICICI Prudential Files Offer Document

ICICI Prudential MF has filed offer document for ICICI prudential income opportunity fund. The scheme will be open-ended income scheme. The minimum investment for retail plan starts from Rs. 5,000 and in multiples of Re.1 thereafter. The minimum investment for institutional plan starts from Rs. 5 crore and in multiples of Re.1 thereafter. The NFO price is Rs. 10. There will be no entry load. There is an exit Load of 0.50% of the applicable NAV for redemptions within 15 days from the date of purchase under both the options of the Scheme.
There are two options available under the Scheme viz. retail option and institutional option. Both growth and dividend sub-options are available under each option. The dividend sub-option has payout and reinvestment facility with an option to the investor to choose either monthly dividend or quarterly dividend.

The primary objective is to generate income through investments in a range of debt and money market instruments of various credit ratings and maturities with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity.