ICICI Prudential MF introduces Capital Protection Oriented Fund V - PLAN E - 1100 Days

ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of Capital Protection Oriented Fund V - PLAN E - 1100 Days, a close ended income scheme. The NFO opens for subscription on April 15, 2014 and closes on April 29, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 10 thereafter. The scheme’s performance will be benchmarked against CRISIL MIP Blended Index and its fund managers are Rajat Chandak, Aditya Pagaria, Ashwin Jain and Rahul Goswami. The investment objective of the of the Scheme is to seek to protect capital by investing a portion of the portfolio in highest rated debt securities and money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The securities would mature on or before the maturity of the Plan under the Scheme.