ICICI Prudential MF Is Plans To Launch ICICI Prudential Dividend Yield Fund - Jan 30, 2009

ICICI Prudential MF is planning to launch ICICI Prudential Dividend Yield Fund, which is an open-ended equity fund. The Scheme will have two options- retail option and the institutional option I. The retail option will have growth and dividend sub-options with dividend payout and dividend reinvestment facilities available under dividend sub option. While the Institutional option I will have growth sub-option only.

The scheme will invest 65%-100% in the equity & equity related securities, it invests upto 35% in other equity and equity related securities with medium to high risk profile. Equity investment includes the derivatives to the extent of 75% of the Net Assets as permitted vide SEBI and in line with this, investment in ADR/GDR up to 50% of allocation to Equity & Equity related securities, being maximum permitted under SEBI Regulations.

Besides this, the scheme will also invest upto 35% in debt and money market instruments including securitised debt of upto 50% of allocation to debt instrument

IDFC MF Rolls Out New FMP- Yearly Series 22 - June 11, 2008

IDFC MF has announced the launch of a fund called IDFC Fixed Maturity Plans- Yearly Series 22. The scheme is close-ended income scheme. There are two plans viz. Plan A and Plan B. The duration of the scheme will be from the date of allotment to 24 June 2009. The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments. The fund will invest up to 100% in debt and money market instruments, with low to medium risk profile. The investment in securitised debt will be up to 50% of net asset of the scheme.