Mutual Fund News : ICICI Pru Mutual Fund introduces ICICI Prudential Fixed Maturity Plan-Series 87-1156 Days Plan D

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ICICI Pru Mutual Fund Mutual Fund has launched a close ended debt scheme - ICICI Prudential Fixed Maturity Plan-Series 87-1156 Days Plan D.

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 1156 days from the date of allotment.

The NFO opens for subscription on February 11, 2020 and closes on February 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.

The scheme offers Direct Plan and Regular Plan having Growth Option and Dividend payout Option.