ICICI Prudential MF introduces FMP - Series 88 - 1192 Days Plan R
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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 88 - 1192 Days Plan R, a Close - Ended Debt Scheme with relatively high interest rate risk and relatively low credit risk. The NFO opens for subscription on January 17, 2023 and closes on January 23, 2023. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The performance of the Scheme will be benchmarked to the performance of CRISIL Medium Term Debt Index and its fund managers are Anuj Tagra and Darshil Dedhia.
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 Scheme.
