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ICICI Prudential Floats Multiple Yield Fund

ICICI Prudential Mutual Fund has rolled out a new fixed multiple yield portfolio.

    ICICI Prudential Mutual Fundhas rolled out a new fixed multiple yield portfolio,Money Controlreports. TheICICI Prudential Fixed Multiple Yield Fund - Plan Bwill invest in a portfolio of fixed income securities/ debt instruments and generate long term capital appreciation by committing to equity and equity related instruments.

    The new fund, which is open for subscription from June 15 to June 29, 2011, is expected to be listed on theNational Stock Exchange. The scheme will be benchmarked against theCrisil MIP Blended Indexand be managed byChaitanya Pande.

    Click here for the story fromMoney Control.

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