ICICI Prudential Fusion Fund Series-III

ICICI has launched a new Mutual fund ICICI Prudential Fusion Fund Series – III which is a close-ended diversified equity Scheme, with a maturity period of 3 years, that
seeks to generate long-term capital appreciation by investing predominantly in equity and equity related instruments of companies across large, mid and small market capitalization.

Two options are available to the investor on the date of maturity viz. Redemption or switch-in to ICICI Prudential Fusion Fund Series-II. Investors who would like to switch-in to ICICI Prudential Fusion Fund Series-II will have to specifically opt for switch-in facility. If the investor does not select any option, then the redemption option will be the default option. The option to redeem/switch will be given in the application form of the Scheme.

It will look at investment opportunities in companies representing all possible levels of market capitalization. Under normal circumstances at least 70% of the funds is proposed to be invest in equity and equity related instruments. The fund would be diversified as this fund proposes to invest in large, mid or small caps fund segments. The fund may move upto 30% in debt securities if risk reward ratio is favorable for such allocation.

Scheme Details
Issue Opens: January 8, 2008
Issue Closes: February 21, 2008
Type: close-ended, equity scheme
Plan : Dividend Option,Dividend Reinvestment, Growth Option
Minimum Investment: Rs. 5,000. Additional amount in multiples of 1 thereafter
Entry Load: No entry load will be charged since the scheme is a close-ended scheme.
Exit Load: No exit load will be charged. However, being a close-ended Scheme, for redemptions made before the maturity date of the Scheme, i.e redemptions made during the repurchase facility period, AMC will redeem the units after recovering the balance proportionate unamortized new fund offer expenses
Benchmark : S & P CNX Nifty
Liquidity - To provide liquidity to investors, the Fund proposes to provide repurchase facility at quarterly intervals on 15th day from end of each quarter.