Series E, 24 months-Icici Prudential S.M.A.R.T FMP

ICICI Prudential S.M.A.R.T Series E 24 months IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

ICICI Prudential S.M.A.R.T Series E 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 (whatever that means, for the non-financial wizard)

The official description of ICICI Prudential S.M.A.R.T Series E 24 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 E 24 month variants

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

• ICICI Pru S.M.A.R.T Series E RP(g)- the growth option for retail participants
• ICICI Pru S.M.A.R.T 24 Months Series E RP(d)- the dividend option for retail participants
• ICICI Pru S.M.A.R.T 24 Months Series E IP(d)- the dividend option for institutional participants
• ICICI Pru S.M.A.R.T 15 Months Series E 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 E fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 24 Months

ICICI Pru S.M.A.R.T Series E 24 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 E 24 months plan

Points In favour of investing in ICICI Prudential S.M.A.R.T Series E 24 months FMP

• If you are a financial wiz and you understand complex equity derivates and think the equty markets cannot go down further, investing in ICICI Pru Series E 24 months may not be bad

Points against investing in ICICI Pru S.M.A.R.T Series E 24 months plan

• The ICICI Pru S.M.A.R.T Series E 24 months plan is based on complex equity derivatives. If you think derivatives are something you learned in math school, this ICICI Pru S.M.A.R.T plan is not for you.(First rule of Investing- Do not invest in something you do not understand
• 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 for retail investors and has an entry and exit load of 0 and 3% for institutional investors
• 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: 24 months, Icici Prudential MF FMPs, smart series e