Fund News

ICICI Prudential Multiple Yield Fund - Plan D

ICICI Prudential Mutual Fund has announced the launch of Plan D under  ICICI Prudential Multiple Yield Fund. It is a closed ended debt-oriented aggressive scheme

Investment Objective and Strategy:

The primary objective of the plan under the scheme is to seek to generate returns by investing in a portfolio of fixed income securities/debt instruments. The secondary objective of the scheme is to generate long term capital appreciation by investing a portion of the scheme’s assets in equity and equity related instruments. The scheme will invest upto 100% in money market instruments, short term and medium term debt securities/debt instruments and securitized debt. However, it may also invest upto 30% in equity or equity related securities.

Fund Manager:

Mr. Chaitanya Pande and Mr. Mrinal Singh will be the fund managers of ICICI Prudential Multiple Yield Fund – Plan D. Mr. Chaitanya Pande has over 14 years of Fund Management experience and has done PGDM from IMI, New Delhi. He also manages other fixed income schemes (including FMPs ) and ICICI Prudential Gold ETF.

Mr. Mrinal Singh has overall 9 years of experience which includes 3 years as equity analyst and manages seven different funds which also includes ICICI Prudential Advisor series.

Fund House:

ICICI Prudential Mutual Fund has been around for more than 16 years. Its assets under management as on June 30, 2011 are Rs 79,857 crores and it is the third largest fund house.

Basic Details:

NFO Opens: August 22, 2011

NFO Closes: September 02, 2011

NFO Price: Rs.10 per unit

Listing: National Stock Exchange

Options: Cumulative and Dividend Option

Minimum Application Amount: Rs. 5000 & in multiples of Rs.10 thereafter

Exit Load: Not applicable

Tenure of the Plan: 1100 days

Benchmark: CRISIL MIP Blended Index

Fund Manager: Mr. Chaitanya Pande and Mr. Mrinal Singh



Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.


Other Categories

Mutual Fund Insight turns 24! 🎉 Get 2 FREE anniversary guides: The Right SIP + The Big Funds