Mutual Fund News : ICICI Pru Mutual Fund introduces ICICI Prudential Fixed Maturity Plan-Series 87-1127 Days Plan I

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ICICI Pru Mutual Fund has launched a close ended debt scheme – ICICI Prudential Fixed Maturity Plan-Series 87-1127 Days Plan I.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of Scheme. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

It is a Fixed Maturity Plan that will mature in 1127 days from the date of allotment.

The NFO opens for subscription on March 12, 2020 and closes on March 25, 2020.

The scheme’s performance will be benchmarked against CRISIL Medium Term Debt Index.

The fund will be managed by Mr. Rahul Goswami and Mr Rohan Maru.

The New Fund Offer price is Rs 10 per unit and the minimum application amount for initial purchase is Rs 5,000 and in multiples of Rs 10 thereafter during the NFO period.

The scheme offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout and Transfer).