New ICICI Prudential Multiple Yield Fund - Plan D scheme price

New ICICI Prudential Multiple Yield Fund - Plan D scheme price ; ICICI Prudential Mutual Fund has launched ICICI Prudential Multiple Yield Fund - Plan D, a close ended income fund. 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 New Fund Offer (NFO) open for subscription from August 22, and close on September 2, 2011. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The tenure of the plan is 1100 days.



he scheme offers Cumulative and Dividend option. Dividend Payout is the only facility available under the Dividend Option. Dividend option will have half yearly dividend frequency. Cumulative Option shall be the default option under the Plan of the Scheme.



The minimum investment amount is Rs 5000 and in multiples of Rs 10 thereafter.



Entry / exit load - Nil. The scheme is proposed to be listed on NSE.



The scheme will allocate upto 70%-100% of assets in money market instruments, short term and medium term debt securities/ debt instruments and securitised and upto 30% of the asset in equity or equity related securities.



If a Plan decides to invest in securitised debt (Single loan and / or Pool loan Securitized debt), it could be upto 50% of the corpus of the Plan. If a plan decides to invest in equity derivatives it could be upto 100% of the allocation to equity. The margin money requirement for the purpose of derivative exposure may be held in the form of term deposits. The Scheme shall not take leverage positions and total investments, including investments in equity and other securities and gross exposure to derivatives, if any, shall not exceed net assets under management of the scheme. If a plan decides to invest in foreign securities it could be upto 100% of the allocation to equity. The cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the sc heme.



The benchmark index for the scheme will be Crisil MIP Blended Index.The scheme will be managed by Mr. Chaitanya Pande (Debt Investment) and Mr. Mrinal Singh (Equity Investments).