Publish Date:
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan - Series 87 - 1174 Days - Plan B. It is a close ended debt scheme.
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.
It is a Fixed Maturity Plan that will mature in 1174 days from the date of allotment.
The NFO opens for subscription on January 15, 2020 and closes on January 29, 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 Regular Plan and Direct Plan having Growth Option and Dividend Option (with Dividend Payout and Dividend Transfer Plan Facility).