Icici Prudential Mutual Fund has launched Prudential Capital Protection Oriented Fund, Series III, 36 Months Plan, a new close-ended capital protection-oriented fund.
The three-year fund aims to provide capital protection by investing in debt securities and money market instruments and also to provide capital appreciation by investing the remainder in equity and equity-related securities. No exit load will be charged under the scheme. Performance of the scheme will be benchmarked against the Crisil MIP Blended Index.
In May, Icici Prudential Asset Management announced its first structured investment since 2009.
The new fund offer will be open for subscription until 15 July. The minimum investment is INR5,000 ($110).
This product appears in Recent Additions (India).