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  • NFO News ICICI Prudential launches Capital Protection Oriented Fund – Series III

    ICICI Prudential launches Capital Protection Oriented Fund – Series III

    The NFO will be open from July 1, 2011 to July 15, 2011
    Team Cafemutual Jun 30, 2011

    The NFO will be open from July 1, 2011 to July 15, 2011

    MUMBAI: ICICI Prudential Mutual Fund has launched a close ended scheme, ICICI Prudential Capital Protection Oriented Fund – Series III.  The tenure of the scheme will be 1100 days from the date of allotment.

    The investment objective of the scheme is to protect capital by investing a portion of the portfolio in good quality debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The scheme would allocate 81 to 100 per cent of assets in debt securities & money market instruments with low to medium risk profile. It would further allocate up to 19 per cent of assets in equity and equity related securities with medium to high risk profile.

    The minimum application amount will be Rs 5,000 and the scheme will not charge any entry or exit load. The debt portion of the scheme will be managed by Mr. Chaitanya Pande and the equity portion will be managed by Mr. Mrinal Singh. It will be benchmarked against CRISIL MIP Blended Index.

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