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ICICI Prudential MF introduces FMP - Series 88 - 93 Days Plan P
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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan (FMP) – Series 88 – 93 Days Plan P, a close - ended debt scheme with relatively Low interest rate risk and Moderate credit risk. The NFO opens for subscription on December 23, 2022 and closes on December 26, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The Benchmark indices of the Scheme will be Nifty Ultra Short Duration Debt Index and its fund managers are Nikhil Kabra and Rohan Maru.
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.
