ICICI Prudential S.M.A.R.T. Fund – Series B – 15 Months FMP

ICICI Prudential S.M.A.R.T Series B 15 months IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

ICICI Prudential S.M.A.R.T Series B is a complicated debt instrument. In short, ICICI Prudential S.M.A.R.T is essentially a structured debt scheme that invests in equity based debentures

The official description of ICICI Prudential S.M.A.R.T Series B 15 months FMP ’s investment criteria
-”invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the Plans under the scheme”

In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

ICICI Prudential S.M.A.R.T Series B 15 month variants

ICICI Pru S.M.A.R.T Series B comes in 4 variants

• ICICI Pru S.M.A.R.T Series B RP(g)- the growth option for retail participants
• ICICI Pru S.M.A.R.T 15 Months Series B RP(d)- the dividend option for retail participants
• ICICI Pru S.M.A.R.T 15 Months Series B IP(d)- the dividend option for institutional participants
• ICICI Pru S.M.A.R.T 15 Months Series B IP(G)- the growth option for institutional participants

ICICI Pru S.M.A.R.T FMP Maturity Period

This S.M.A.R.T Series B fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 15 Monthss

ICICI Pru S.M.A.R.T Series B 15 Months Plan B – Opening and closing dates

This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

Should you invest in ICICI Prudential S.M.A.R.T Series B 15 months plan

Points In favour of investing in ICICI Prudential S.M.A.R.T Series B 15 months FMP

• Given that the equity markets are really down, if one was to make a bet that the market would go up significantly from this position, than investing in ICICI Pru S.M.A.R.T Series B 15 months may be a good option

Points against investing in ICICI Pru Series E SMART Fixed Maturity Plan

• The ICICI Pru S.M.A.R.T Series B 15 months is not exactly a typical FMP and invests in equity based debentures. All this is rather tough to understand for the retail investor and one would have to caution the retail investor to not invest in this scheme if he does not understand it
• The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series B 15 Mth schemes are quite steep at 2.25% and 2% respectively
• Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series B 15 Months scheme are advised to be careful
Filed Under: FMP Mutual Fund Houses, Fixed Maturity Plans ( FMPs ), Icici Prudential MF FMPs, Past FMP New Fund Offers
Tagged: 15 Months fmp, Icici Prudential MF FMPs, SMART SERIES B