Fixed Income Retirement
Pramerica launches Dynamic Monthly Income Plan by Archana
MUMBAI: Parmerica Mutual Fund is to launch an income scheme called Pramerica Dynamic Monthly Income Plan, an open ended scheme.
NFO Period: March 8, 2011 to March 22, 2011
Investment Objective: The fund seeks to generate regular returns through investment in debt and money market instruments and to generate capital appreciation by investing in equity and equity related instruments.
Asset Allocation: The scheme would allocate 70 to 95 per cent of assets in fixed income securities with low to medium risk profile. It would further allocate 5 to 30 per cent of assets in equity and equity related instruments with high risk profile.
Benchmark Index: CRISIL MIP Blended Index
Fund Managers: Mahendra Jajoo, Executive Director & CIO – Fixed Income and Ravi Gopalakrishnan, Executive Director & CIO – Equity
Target Investors: The fund is targeted at all customer segments be it HNIs, retired pensioners, young investors, etc.
