Wednesday, August 29, 2007

ICICI MF Launches New FMP

ICICI MF launches ICICI Fixed Maturity Plan Series 39- 3 Months Plan A. The scheme is close-ended debt scheme. The maturity date of the scheme / plan would be 3 months from the date of allotment of units under the scheme. The investment objective of the scheme would be to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the plans under the scheme. The fund will invest up to 100% in debt instruments. Debt instruments may include the investment in securitised debt up to 60% of the net asset of the scheme. The fund may also invest up to 100% in money market instruments.

Source : www.indian-commodity.com

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