ICICI Pru MF files another offer document-Income Opportunities Fund

26 Apr 2008 | 15:29 ICICI Pru MF files another offer document

Name of Fund: ICICI Prudential Income Opportunities Fund

Scheme: It is an open-ended income scheme, which will have 3 plans. The scheme will have following plans namely: ICICI Prudential Fixed Maturity Plan Series 45 Twenty Months Plan (160 days), ICICI Prudential Fixed Maturity Plan Series 45 Three Years Plan (1095 days) and ICICI Prudential Fixed Maturity Plan Series 45 Five Years Plan (1825 days).

Objective: The investment objective of the Scheme is to generate income through investments in a range of debt and money market instruments of various credit ratings and maturities with a view to maximizing income while maintaining an optimum balance of yield, safety and liquidity.

Plans: Presently there are two options available under the Scheme viz. Retail Option and Institutional Option. Growth and Dividend sub-options are available under each Option. Dividend sub-option has Payout and Reinvestment facility with an option to the investor to choose either Monthly Dividend or Quarterly Dividend.

Asset Allocation: The fund will invest 10-100% in Money Market Instruments with maturity less than 1 year. 0-90% in Debt instruments (Including securitised debt of upto 50% of the net assets and derivatives instruments to the extent of 50% of the net assets of the Scheme) with maturity more than 1 year. The investments in central and state government securities will be in normal circumstances limited to 50% of the net assets of the Plan.

Face Value: Rs 10

Entry Load: It will not charge an entry load.

Exit Load: 0.50% of the applicable NAV for redemptions within 15 days from the date of purchase under both the Options of the Scheme.

Application Amount: Minimum application amount under retail option is Rs 5,000 pre option and in multiples of Re 1 thereafter. Under institutional option, the minimum application amount is Rs 5 crore and in multiples of Re 1 thereafter.

Minimum Subscription Amount: During the New Fund Offer period of the Plans under the Scheme, each Plan seeks to raise a minimum subscription of Rs.5 crore.

Fund Manager: Mr. Rahul Goswami.

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Comments

Anonymous said…
This blog is very useful for those who are dealing with Income Opportunities that ICICI Bank also provides the income opportunities to its individuals. I recommend that this is great move.
May 27, 2008, 11:53:00 AM
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