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NFO Review: ICICI Prudential Multiple Yield Plan B


ICICI Prudential Mutual Fund has announced to launch its 2nd Multiple Yield Plan - ICICI Prudential Multiple Yield Plan B after Plan A which was launched in May 2011. It will be a closed ended Debt-oriented aggressive fund.

 

Investment objective and strategy: The primary objective of the plan is to seek to generate returns by investing in a portfolio of fixed income securities/debt instruments and the secondary objective will be to generate long term capital appreciation by investing a portion of the assets in equity and equity related instruments. The Fund Manager is mandated to invest between 70 to 100% in money market instruments including short and medium term debt securities. However, he may invest upto 30% in Equity and related instruments.

 

Fund Manager: Mr. Chaitanya Pande will manage the fund as he has over 14 years of Fund Management experience and has done PGDM from IMI, New Delhi. He also manages other 12 debt schemes and almost all Fixed Maturity Plans of ICICI Prudential MF. Under which, ICICI Prudential Floating Rate D Plan, Flexible Income Premium Plan and Medium Term Regular Plan are 4-star Funds rated by us.

 

Fund House: ICICI Prudential MF has been around for more than 16 years and its assets under management as on 31 March 2011, stands at around Rs. 73552. Since then, it has launched many schemes in almost every category.

 

Basic Details:
NFO Opens: June 15, 2011
NFO Closes: June 29, 2011
Listing: National Stock Exchange
Options: Cumulative and Dividend
Tenure of the Plan: 1100 days
Minimum Application Amount: Rs 5000
Exit Load: Not Applicable
Benchmark: CRISIL MIP Blended Index
Fund Manager: Mr. Chaitanya Pande

 

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Also, know how to buy other mutual funds online:

 

1) DSP BlackRock Mutual Funds:

http://prajnacapital.blogspot.com/2011/05/buying-dsp-blackrock-mutual-funds.html

 

2) Reliance Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-reliance-mutual-funds-online.html

 

3) Birla Sunlife Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-birla-sunlife-mutual-funds.html

 

4) UTI Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-uti-mutual-funds-online.html

  

5) SBI Mutual Funds:

https://www.sbimf.com/INVESTORCENTER/ASPX/frmlogin.aspx?ARN_CODE=ARN-74461 

 

6) Edelweiss Mutual Funds:

http://prajnacapital.blogspot.com/2011/06/buying-edelweiss-mutual-funds-online.html

 

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