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Prudential ICICI to Launch Short Term Plan


Prudential ICICI Mutual Fund plans to launch a Short Term Plan. An open-ended debt fund, it will be positioned between cash and debt funds and aims at an average maturity of 9-12 months. It will be open for subscription on October 18 and 19, 2001. The fund will invest 75% in Corporate / PSU bonds and 20% in Government Securities and Commercial Papers. There is no entry load but contains an exit load of 0.25% within one month. The fund is suitable for investors looking for an investment of 1 to 3 months horizon.