ICICI Prudential Mutual Fund filed an offer document to launch ICICI Prudential FMP - Series 48. It is a close-ended debt scheme. The scheme plans to launch 1 Month- Plan A to D, 1 Year Plan A to D, 3 Year- Plan A and B, 5 Year- Plan A and B.
The investment objective of the plan is to seek 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 Plan. Presently, there are three options available under each plan of the scheme i.e. institutional option I, institutional option and retail option. Cumulative and dividend sub-options will be available under the scheme. Dividend payout is the only facility available under dividend sub-option.
Retail option shall be the default option; dividend payout shall be default option under 1 month plans. Cumulative option shall be the default sub-option under all other plans.
The investment objective of the plan is to seek 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 Plan. Presently, there are three options available under each plan of the scheme i.e. institutional option I, institutional option and retail option. Cumulative and dividend sub-options will be available under the scheme. Dividend payout is the only facility available under dividend sub-option.
Retail option shall be the default option; dividend payout shall be default option under 1 month plans. Cumulative option shall be the default sub-option under all other plans.
No comments:
Post a Comment