ICICI Prudential Mutual Fund has rolled out a new fixed multiple yield portfolio, Money Control reports. The ICICI Prudential Fixed Multiple Yield Fund - Plan B will 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 the National Stock Exchange. The scheme will be benchmarked against the Crisil MIP Blended Index and be managed by Chaitanya Pande.
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