ICICI Prudential Real Estate Securities Fund
ICICI Prudential Mutual Fund is coming up with a New Fund Offer. This new fund is called ICICI Prudential Real Estate Securities Fund.
(The scheme will not be directly owning or holding real estate properties) is a 3-yr. close-ended debt fund, offering you an investment vehicle which seeks to gain from this opportunity. The scheme will invest in both high yielding debt securities (51% to 100%) and in equity (up to 49%) of companies that benefit directly or indirectly from the Real Estate Sector or have substantial investments in property (incl. land holdings).
The new fund offer of this scheme closes on December 14, 2007
1 commentDecember 1st, 2007