The investment objective of the Scheme is to generate income and reduce interest rate volatility by investing in fixed income securities that are maturing on or before the date of maturity of the Scheme and generate capital appreciation by investing in equity and equity related instruments.
The scheme offers growth and dividend (payout) options under both regular plan and direct plan.
The scheme would invest 65%-95% of assets in debt instruments with low to medium risk profile, invest upto 30% of assets in money market instrument with low risk profile and invest 5%-35% of assets in equity & equity related instruments with medium to high risk profile.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter under all the options.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry and exit load charge will be nil for the scheme.
Benchmark Index for the scheme is CRISIL MIP Blended Fund Index.
The fund managers of the scheme are Sunil Patil (debt portfolio) and V. Srivasta (equity portfolio).
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.
Presently, two options are available under the scheme viz. cumulative and dividend with only dividend payout option.
The scheme will invest 80%-100% of its assets in debt instruments including government securities and invest upto 20% of assets in money market instruments with low to medium risk profile. The scheme will not have any exposure to derivatives and if a scheme decides to invest in securitized debt (Single loan and / or Pool loan Securitized debt), it could be upto 25% of the corpus of the Plan.
The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.
The scheme is proposed to be listed on NSE.
Entry load and exit load charge are not applicable for the scheme.
Benchmark Index for the scheme is CRISIL Composite Bond Fund Index.
The fund managers of the scheme are Rahul Goswami and Rohan Maru.
Mutual funds (MFs) sold stocks worth a net Rs 20.20 crore on Friday, 20 January 2017, compared with net inflow of Rs 573.70 crore on 19 January 2017. The net outflow of Rs 20.20 crore on 20 January 2017, was a result of gross purchases of Rs 31.20 crore and gross sales of Rs 51.40 crore. On that day, the Sensex shed 274.10 points or 1% to settle at 27,034.50, its lowest closing level since 10 January 2017.
Mutual funds have bought shares worth a net Rs 3223.30 crore in this month so far (till 20 January 2017). They bought shares worth a net Rs 9178.90 crore in December 2016.
Regular Plan - Dividend Payout Option: 2.100
Direct Plan - Dividend Payout Option: 2.300
Institutional Plan - Dividend Payout Option: 1.500
Regular Plan-Dividend Option: Rs 0.045 per unit.
Direct Plan-Dividend Option: Rs 0.046 per unit.
ICICI Prudential Long Term Plan:
Quarterly Dividend: 0.3876
Retail - Quarterly Dividend: 3928
Direct Plan - Quarterly Dividend: 0.4091
ICICI Prudential Corporate Bond Fund:
Quarterly Dividend: 0.2216
Plan B - Quarterly Dividend: 2180
Direct Plan - Quarterly Dividend: 0.2582
Individuals & HUF: 0.613
The features of the proposed rollover are as follows:
ICICI Prudential Fixed Maturity Plan - Series 72 - 1075 Days Plan Q:
Existing Maturity Date: 02 February 2017
Date of rollover: 03 February 2017
Period of rollover: 91 days
Extended maturity date: 04 May 2017
ICICI Prudential Fixed Maturity Plan - Series 72 - 368 Days Plan D & ICICI Prudential Fixed Maturity Plan - Series 72 - 366 Days Plan C:
Existing Maturity Date: 31 January 2017
Date of rollover: 01 February 2017
Extended maturity date: 02 May 2017
The schemes will invest 60%-100% of assets in money market instruments and invest upto 40% of assets in debt instruments including government securities with low to medium risk profile.