Apr 25, 2008

ICICI Pru MF introduces new option in FMP-S 43-14 M-Plan B

25 Apr 2008 | 10:12 ICICI Pru MF introduces new option in FMP-S 43-14 M-Plan B

ICICI Prudential Mutual Fund introduced new option under ICICI Prudential Fixed Maturity Plan - Series 43 - Fourteen Months - Plan B (FMP - S 43- 14 M- Plan B).

As per the announcement the fund house has introduced Institutional Option. The new option will have a minimum application amount of Rs 10 million and in multiples of Re 1 thereafter. There will not be any entry load however the scheme will charge an exit load of 2% if the units are redeemed during repurchase facility period.

Further the new option will have Cumulative and Dividend Pay-out Option. Cumulative sub option shall be the default sub option.

ICICI Prudential Fixed Maturity Plan - Series 43 - Fourteen Months - Plan B, is a close ended debt scheme that seeks to generate returns by investing in fixed income securities and debt instruments, maturing in line with the time profile of the scheme.

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