ICICI Prudential Mutual Fund has announced revision in fundamental attributes under ICICI Prudential Interval Fund – Quarterly Interval Plan I, Plan II and Plan III, ICICI Prudential Interval Fund – Monthly Interval Plan I, ICICI Prudential Interval Fund II – Quarterly Interval Plan A, Plan B, Plan C, Plan D and Plan F, ICICI Prudential Interval Fund IV – Quarterly Interval Plan B and ICICI Prudential Interval Fund V – Monthly Interval Plan A, with effect from April 1, 2011.
Investment Objective: The investment objective of the scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).
Proposed Asset Allocation Pattern: The schemes would allocate 30% to 100% of assets in money market instruments. It would further allocate upto 70% of assets in government securities issued by central & / or state government and other fixed income / debt securities including but not limited to corporate debt and securitized debt.
Specified Transaction Period: The STP shall be for 2 working days. If any the STP date falls on a non-business day, the STP shall be extended by one or more day which being a business day.
Exit Load: Since the schemes will be listed on the stock exchange, load will not be applicable.
Investors who want to exit from the scheme, can redeem their units from March 1, 2011 to March 31, 2011 without paying any exit load.