ICICI Prudential Mutual Fund introduces FMP- Series 88 - 1233 Days Plan I
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ICICI Prudential Mutual Fund (MF) has launched ICICI Prudential Fixed Maturity Plan - Series 88 - 1233 Days Plan I, a close - ended debt scheme with relatively high interest rate risk and moderate credit risk. The NFO opens for subscription on December 01, 2022 and closes on December 14, 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 CRISIL Medium Term Debt Index and its fund managers are Anuj Tagra and Chandni Gupta.
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.
