18 Apr 2008 | 15:36
ICICI Pru FMP Series 42- Thirteen Months Plan D extends NFO period
ICICI Prudential mutual fund has extended the new fund-offering (NFO) period of ICICI Prudential Fixed Maturity Plan Series 42- Thirteen Months Plan D from 21 April to 23 April 2008. The issue was opened for subscription on 2 April 2008.
ICICI Prudential Fixed Maturity Plan Series 42- Thirteen Months Plan D is close-ended debt fund. The NFO price for the fund is Rs 10 per unit. The minimum investment under retail plan is of 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.
ICICI Prudential Fixed Maturity Plan Series 42 Thirteen Months Plan D seeks 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 AMC will follow a disciplined investment process to meet fund specific investment objectives. It will aim to develop a well-diversified, quality portfolio that minimises liquidity risk and credit risk. The scheme shall construct all portfolios to ensure that obligations to investors are met on time under all circumstances.
There are two options available under the scheme i.e. retail and institutional options. 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 and cumulative sub-option shall be the default sub -option.
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. Whereas there will be no exit load charged on the redemption made on or after the maturity date.
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