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Prudential ICICI's new plan

CHENNAI: Prudential ICICI Asset Management Company has launched `Prudential ICICI Blended Plan', a scheme that uses the arbitrage opportunity in the equity and equity derivative markets. It blends an allocation comprising short-term debt and equity arbitrage positions with an objective to offer the investor return in the form of accrual income from the debt allocation and cost of carry from arbitrage positions. The initial public offer for the scheme will open on April 28 and close on May 18.

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