ICICI Prudential Mutual Fund has launched the New
Fund Offer (NFO) of ICICI Prudential Multiple Yield Fund - Series 8 -
1103 Days Plan C, a close ended income scheme. The NFO opens for
subscription on Nov 11, 2014 and closes on Nov 25, 2014. No entry load
or exit load will be applicable for the scheme. The minimum subscription
amount is Rs 5,000.
The scheme’s performance will
be benchmarked against CRISIL MIP Blended Fund Index and its fund
managers are Vinay Sharma, Rahul Goswami, Aditya Pagaria and Shalya
Shah.
The investment objective of the scheme is to
generate income by investing in a portfolio of fixed income securities/
debt instruments. The secondary objective of the Scheme is to generate
long term capital appreciation by investing a portion of the Scheme's
assets in equity and equity related instruments.
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