ICICI Prudential MF introduces Net Asset Value Appreciation Trigger facility

ICICI Prudential Mutual Fund has introduced Net Asset Value Appreciation Trigger (NAT) facility in select schemes for the benefit of the unit holders with effect from April 6, 2012. NAT is a standing instruction given by the investor to switch units from source scheme to a target scheme in a given folio, when a particular criteria is satisfied.

Currently, on appreciation of 0.75% or more in Net Asset Value, the trigger will be hit, accordingly, the appreciation amount will be switched from source scheme to target scheme. Switch transaction will be processed on the business day the trigger condition is satisfied. The load structure prevalent at the time of enrolment shall govern the investors during the tenure of the NAT.

Source: http://www.rsec.co.in/market-and-news/mutual-funds/mutual-fund-news-details/icici-prudential-mf-introduces-net-asset-value-appreciation-trigger-facility/180363

Principal Pnb Fixed Maturity Plan- Series A4 collects close to Rs 190 crores

Principal Pnb Fixed Maturity Plan - Series A4, a close ended debt scheme and having maturity of 367 days has garnered close to Rs 190 crores. The NFO opened on 22 March 2012 and closed on 29 March 2012.

Fixed maturity plans make investment sense due to the prevailing attractive yields and double indexation benefit available to investors. Mr Rajat Jain, CIO, Principal Mutual Fund said, “As a fund house we strive to create valuable options for all types of investors. We are very pleased with the collections of the Principal Pnb Fixed Maturity Plan- Series A4and the investor confidence that it has attracted. We are hopeful that investors find value in this scheme.”

Source: http://www.adityabirlamoney.com/news/546017/10/22,24/Mutual-Funds-Reports/Principal-Pnb-Fixed-Maturity-Plan-Series-A4-collects-close-to-Rs-190-crores