Mutual Funds NFO - ICICI MF launches new FMP Series

ICICI MF launches new FMP Series

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Name of Fund: ICICI Prudential Fixed Maturity Plan - Series 43 13 Months Plan A

Scheme: A close-ended debt fund.

Objective: The investment objective of the scheme is to seek 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.

Fund Opens: 13 March 2008

Fund Closes: 17 March 2008

Face Value: Rs 10

Investment Options: 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.

Asset allocation: The fund will invest up to 100% in money market instruments, short term and medium term debt securities and debt instruments. The scheme will invest in debt securities which having tenure of approximately 390 days. The investment in securitised debt will be up to 50% of the net asset of the scheme. Exposure in derivatives instruments will be up to the extent of 50% of the net assets. The investment in central and state government securities will be up to 50% of the net asset of the plan.

Load: Due to its close-ended structure the scheme does not charge any entry load. There will be an exit load of 2.00% of the applicable NAV for the redemption made during the repurchase facility period.

Minimum Investment Amount: The minimum investment under retail plan is of Rs.5000 and in multiple of Re. 1 thereafter. Under institutional plan the minimum investment is Rs 1 crore and in multiple of Re. 1 thereafter.

Minimum subscription amount: Rs 1 lakh

Benchmark Index: CRISIL Short Term Bond Fund Index.

Fund manager: Mr. Chaitanya Pande

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