ICICI Prudential Mutual Fund has launched the ICICI Prudential Capital Protection Oriented Fund-Series XI-Plan D 1247 Days, a close ended income scheme. The NFO opens for subscription on February 17, 2017 and closes on March 03, 2017. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000.
The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index (85%) and Nifty 50 Index (15%) and its fund managers are Vinay Sharma, Rahul Goswami, Chandni Gupta, and Ihab Dalwai.
The investment objective of the scheme is to protect capital by investing a portion of the portfolio in highest rated debt securities and 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.