ICICI Mutual Fund has extended the offer period for ICICI Fixed Maturity Plan Series 38- One Year Plan C. Now the offer would close on 16 November 2007 instead of 15 November 2007.
The investment objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme.
The scheme offers retail and institutional plans. Both the options have cumulative and dividend sub options. The dividend payout facility is the only facility available under dividend sub options.
The minimum investment amount under retail plan is Rs 5000 and in multiples of Re 1 thereafter. For institutional plan the minimum investment is Rs 2 crore and in multiples of Re 1 thereafter.
Being a close-ended scheme it cannot charge any entry load on subscription received. The scheme charges an exit load of 2.00% for redemption made during the repurchase facility period.
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