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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan - Series 88 - 182 Days Plan J, a close – ended debt scheme with relatively Low interest rate risk and Moderate credit risk. The NFO opens for subscription on December 01, 2022 and closes on December 13, 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 performance of the Scheme will be benchmarked with Nifty Ultra Short Duration Debt Index and its fund managers are Rohan Maru and Nikhil Kabra.

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.