MUMBAI: ICICI Prudential Mutual Fund has launched a
close ended scheme, ICICI Prudential Multiple Yield Fund – Plan B. The tenure of the scheme
will be 1100 days from the date of allotment.
The investment objective of the scheme is to generate returns by investing in a
portfolio of fixed income securities/ debt instruments. The secondary objective
is to generate long term capital appreciation by investing a portion of the scheme’s
assets in equity and equity related instruments. The
scheme would allocate 70 to 100 per cent of assets in money market
instruments, short term and medium term debt securities/ debt instruments and
securitised debt with
low to medium risk profile. It would further allocate up to 30 per cent of
assets in equity and equity related securities with high risk profile.
The minimum application amount will be Rs 5,000 and the scheme will not
charge any entry or exit load. The scheme will be managed by Chaitanya Pande and will be benchmarked against CRISIL MIP Blended Index.