Icici Prudential Mutual Fund has launched a fifth Capital Protection Oriented Fund.
The five-year plan will invest 71% to 100% of assets in debt and money market instruments and up to 29% of assets in equity and equity-related securities. It will be managed by Chaitanya Pande (debt) and Mrinal Singh (equities).
There will be no exit load. Performance 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 will be open until 15 September. Minimum investment is INR5,000 ($110).
This product appears in Recent Additions (India).