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Pioneer ITI Launches FMP

Pioneer ITI launches Fixed Maturity Plan in its SIP

Pioneer ITI Mutual Fund, has launched its first series of fixed maturity plans under Pioneer ITI Strategic Investment Plan (SIP). This plan will be fully invested in high rated fixed income instruments, which have a duration in line with the maturity period specified below.

Issue opening - August 23, 2001
Issue closing - August 23, 2001
Maturity date - November 23, 2001
Plan - Plan A, Short term, Growth Plan
Entry load - NIL
Exit load - Upto 4% for redemptions before maturity date
Min. Investment - Rs.5000

The SIP is an open-end scheme designed to provide capital stability and current income. The scheme offers a choice of various plans, each with their own asset allocation. Each of these plans offer four sub-plans of varying maturity periods. The scheme will launch 12 series every year and each of them will have one or more sub-plans plans of varying asset allocations and maturities.