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ICICI Pru Floats Capital Protection Fund

ICICI Prudential Mutual Fund has rolled out a closed-end capital protection-oriented fund.

    ICICI Prudential Mutual Fundhas rolled out a closed-end capital protection-oriented fund,Moneycontrol.comreports. TheICICI Prudential Capital Protection Oriented Fund–Series IV-36 Months Planaims to protect capital by investing 81 percent to 100 percent in quality debt securities and money market instruments and to up to 19 percent in equity and equity-related securities.

    The scheme provides cumulative and dividend options. The fund will be benchmarked against theCrisil MIP Blended Indexand managed byChaitanya PandeandMrinal Singh, responsible for debt and equity, respectively.

    Click here for the story fromMoneycontrol.com.

    Click here for additional coverage fromIndia Infoline.

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