ICICI Mutual Fund has launched ICICI Fixed Maturity Plan- Series 48 - 3 Year Plan A on 01 September 2008. The new issue will be open for the subscription till 24 September 2008. The NFO price for the fund is Rs 10 per unit. It is a close-ended debt scheme. Duration of the scheme will be 3 years from the date of allotment The investment objective plan is 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.
The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans further will only offer dividend payout facility. Retail Option shall be the default option and Cumulative sub-option shall be the default sub-option. The minimum investment amount under retail plan is Rs. 5,000 and in multiples of Re 1 thereafter. And under institutional plan, the minimum investment amount is Rs. 25 lakh and in multiples of Re 1 thereafter
The scheme offers two plans viz. retail and institutional plan with growth and dividend options. The dividend option under both plans further will only offer dividend payout facility. Retail Option shall be the default option and Cumulative sub-option shall be the default sub-option. The minimum investment amount under retail plan is Rs. 5,000 and in multiples of Re 1 thereafter. And under institutional plan, the minimum investment amount is Rs. 25 lakh and in multiples of Re 1 thereafter
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