NFO – ICICI Prudential Capital Protection Oriented Fund – Series III (36 months) plan
The new scheme launched by ICICI Prudential mutual fund is a closed ended capital protection oriented scheme. The name of the scheme is “ICICI Prudential Capital Protection Oriented Fund – Series III). This scheme is a closed ended scheme for 36 months.
The NFO opens on 01-July – 2011 and it closes on 15-July-2011.
Investment Objective:
The main investment objective of the scheme is to protect the capital by investing the majority portion of the funds in good quality debt and money market instruments and then to provide capital appreciation by investing the rest of the funds in equity and equity related instruments. The investments made in the debt and money market securities either mature before or along with the scheme.
There is no entry load or exit load for investing in this scheme. The minimum amount that has to be invested in this scheme is Rs 5000.
Happy Investing!!
