ICICI Prudential MF launches Multiple Yield Fund - Plan D


Bangalore: ICICI Prudential Mutual Fund has launched a new fund "ICICI Prudential Multiple Yield Fund - Plan D". It is a close ended income scheme with tenure of 1100 days. The new issue is open for subscription from 22 August to 2September 2011, at an offer price of 10 per unit. The minimum investment amount is 5000. The primary objective of the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/ debt instruments and the secondary objective is to generate long term capital appreciation by investing a portion of its assets in equity and equity related instruments. No exit load will be charged for the scheme. The scheme offers Cumulative and Dividend option. Dividend Payout is the only facility available under the Dividend Option. Dividend option will have half yearly dividend frequency. Cumulative Option shall be the default option under the Plan of the Scheme. The scheme will be managed by Mrinal Singh. The performance of the scheme will be benchmarked against Crisil MIP Blended Index.