ICICI Pru MF unveils Multiple Yield Fund-Plan B
Moneylife Digital Team 15 June 2011

ICICI Pru Mutual Fund new issue closes on 29th June

ICICI Prudential Mutual Fund has launched ICICI Prudential Multiple Yield Fund-Plan B, a close-ended income scheme.

The primary objective of the plan is to generate returns by investing in a portfolio of fixed income securities/debt instruments. The secondary objective of the plan is to generate long term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments. The tenor of the plan is 1,100 days.

The new issue closes on 29th June. The minimum investment amount is Rs5,000.

CRISIL MIP Blended Index is the benchmark index. Chaitanya Pande is the fund manager.

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