ICICI Prudential Mutual Fund will launch ICICI Prudential Target Returns Fund, an open ended diversified equity fund on 15th April, 2009. The new fund offer period would be from 15th April, 2009 to 14th May, 2009.
The investment objective of the plan is to seek to generate capital appreciation by investing in equity or equity related securities of large market capitalization companies constituting the BSE 100 index and providing investors with options to withdraw their investment automatically based on triggers for preset levels of return as and when they are achieved. The scheme will offer retail and institutional plan.
The retail plan will further offer growth, dividend payout and dividend reinvestment options; while institutional plan would offer only growth option. The minimum application amount under retail plan will be Rs. 5000 and that under institutional plan-I will be Rs.1 lakh. The scheme is benchmarked against BSE 100 and will be managed by Sanjay Parekh.
The investment objective of the plan is to seek to generate capital appreciation by investing in equity or equity related securities of large market capitalization companies constituting the BSE 100 index and providing investors with options to withdraw their investment automatically based on triggers for preset levels of return as and when they are achieved. The scheme will offer retail and institutional plan.
The retail plan will further offer growth, dividend payout and dividend reinvestment options; while institutional plan would offer only growth option. The minimum application amount under retail plan will be Rs. 5000 and that under institutional plan-I will be Rs.1 lakh. The scheme is benchmarked against BSE 100 and will be managed by Sanjay Parekh.
Comments
Post a Comment