New fund Offer launched by ICICI Prudential Mutual Fund
ICICI Prudential Mutual Fund has launched a new scheme “ICICI Prudential Multiple Yield Fund Plan A”. This is a close ended scheme under the Income Fund category. The tenure for the scheme is 1100 days.
The New Fund Offer is open for subscription from 20-May-2011 and closes on 31-May-2011. The offer price for the scheme is Rs 10 per unit. There is no Entry Load for the scheme and also there is no exit load for the scheme.
The main investment objective of the scheme is to generate returns by investing in a mixed portfolio of debt instruments and fixed income securities. The returns generated through this scheme is expected to be slightly higher than the fixed deposits and other bank savings instruments. The performance of the scheme is benchmarked to CRISIL MIP Blended Index.
Happy Investing!!
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
The information contained in this website has been obtained from sources considered to be authentic and reliable. However, InvestMutualfunds.net is not responsible for any error or inaccuracy or for any losses suffered on account of information.
