ICICI Prudential Mutual Fund has unveiled ICICI Prudential Fixed Maturity Plan Series 47 - Three Months Plan E and the initial offering for new subscription will remain open from 11 November to 18 November 2008. The new offer price of units is Rs 10 per unit.t is a close-ended debt fund, with an objective 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. The fund offers two options viz. retail and institutional option. Cumulative and dividend sub-options will be available under both options. Retail option shall be the default option; cumulative sub option shall be the default sub-option under plan. The scheme will invest entire corpus in money market instruments, short-term and debt securities/debt instruments and securitised debt with low to medium risk profile.
Investment in securitised debt shall be up to 50% of the net assets and derivatives instruments to the extent of 50% of the net assets of the scheme. The minimum investment amount for retail plan is Rs 5000 and in multiples of Re 1 thereafter. Under institutional plan the minimum investment amount is Rs 1 crore and in multiples of Re 1 thereafter
maturing in line with the time profile of the plan. The fund offers two options viz. retail and institutional option. Cumulative and dividend sub-options will be available under both options. Retail option shall be the default option; cumulative sub option shall be the default sub-option under plan. The scheme will invest entire corpus in money market instruments, short-term and debt securities/debt instruments and securitised debt with low to medium risk profile.
Investment in securitised debt shall be up to 50% of the net assets and derivatives instruments to the extent of 50% of the net assets of the scheme. The minimum investment amount for retail plan is Rs 5000 and in multiples of Re 1 thereafter. Under institutional plan the minimum investment amount is Rs 1 crore and in multiples of Re 1 thereafter
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