MUTUAL FUNDS
ICICI Pru Mutual Fund introduces Capital Protection Oriented Fund-Series XIV-Plan A 1275 Days
Nov-16-2018

ICICI Prudential Mutual Fund launched the ICICI Prudential Capital Protection Oriented Fund-Series XIV-Plan A 1275 Days, a close ended capital protection oriented scheme. The NFO opens for subscription on November 16, 2018 and closes on November 29, 2018. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index (85%) and Nifty 50 Index (15%) and its fund managers are Rajat Chandak, Rahul Goswami, and Chandni Gupta.

The investment objective of the scheme is to protect capital by investing a portion of the portfolio in highest rated debt securities & money market instruments and also to provide capital appreciation by investing the balance in equity and equity related securities. The debt securities would mature on or before the maturity of the Scheme.

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