ICICI Prudential MF launches ICICI Prudential Nifty SDL Sep 2026 Index Fund
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ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Nifty SDL Sep 2026 Index Fund, a target maturity index fund. Target Maturity Index Funds are open-ended passively managed funds that replicate the underlying debt index having a specific maturity date. The constituents of the index are generally hold-till-maturity.
NFO opens on December 15, 2022 and closes on December 20, 2022.
Why Invest in ICICI Prudential Nifty SDL Sep 2026 Index Fund?
- Quality: Seeks to invests in the State Development Loans in the more than 3.5 years’ maturity segment.
- Tax: STCG is taxed at the rate applicable as per respective income slabs and LTCG is taxed at 20% with indexation
- Government-Backed: Provides exposure to Government backed instruments
- No Lock-in Period: Open ended Debt scheme that allows one to buy/sell
- Index Fund: Passively managed scheme that aims to replicate an underlying index
- Fixed Tenure: The underlying index matures in September 2026
- Goal-Oriented: To meet a medium-term goal in line with the maturity period
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