The NFO will be open from July 29, 2011 to August 12,
2011
MUMBAI: ICICI Prudential Mutual Fund has launched a close ended scheme, ICICI Prudential Multiple Yield Fund – Plan C. The tenure of the scheme will be 1100 days from the date of allotment.
The primary objective of Plan C is to seek 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.
