ICICI Prudential MF introduces FMP - Series 88 - Plan U
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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan (FMP) - Series 88 - Plan U, a Close – Ended income scheme maturing on June 13, 2023 with relatively low interest rate risk and moderate credit risk. The NFO opens and closes for subscription on March 23, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 10 thereafter.
The performance of the scheme will be benchmarked against CRISIL Liquid Fund 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.
