ICICI Prudential Mutual Fund has rolled out a closed-end capital protection-oriented fund, Moneycontrol.com reports. The ICICI Prudential Capital Protection Oriented Fund – Series IV- 36 Months Plan aims 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 the Crisil MIP Blended Index and managed by Chaitanya Pande and Mrinal Singh, responsible for debt and equity, respectively.
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