MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer document for Fixed Maturity Plan- Series 86-Plan A to Z
Feb-15-2019

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named ‘ICICI Prudential Fixed Maturity Plan- Series 86-Plan A to Z'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme for Plans with duration up to 91 days  will be benchmarked by CRISIL Liquid Fund Index, for  Plans  with  duration  of  more  than  91  days and up to 13 months  will be benchmarked by CRISIL Ultra Short Term Debt Index, for   Plans   with   duration of   more   than 13 months and upto 1100 days  will be benchmarked by CRISIL Short Term Bond Fund Index, for  Plans  with  duration  of  more  than 1100 days and upto 120 months  will be benchmarked by CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5000 and Rs 10 thereafter.

The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plans under the Scheme.

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