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Indian-Commodity  :  Mutual Funds  :  ICICI Prudential MF introduces Capital Protection Oriented Fund III - PLAN A - 36 months

ICICI Prudential MF introduces Capital Protection Oriented Fund III - PLAN A - 36 months (20-Nov-2012)

ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Capital Protection Oriented Fund III - PLAN A - 36 months, a close ended income scheme.

The NFO opens for subscription on November 20, 2012 and closes on November 27, 2012. No entry load will be applicable for the scheme; being a listed scheme, no exit load will be applicable. Investors shall note that the brokerage on sales of the units of the schemes on the stock exchanges shall be borne by the investors.

The minimum subscription amount is Rs. 5000.

The scheme's performance will be benchmarked against CRISIL MIP Blended Index and its fund managers are Rahul Goswami and Rajat Chandak.

The investment objective of the scheme is 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. However, there can be no assurance that the investment objective of the scheme will be realized.


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