ICICI Prudential MF introduces CRISIL-IBX AAA Bond Financial Services Index -Dec 2026 Fund
ICICI Prudential Mutual Fund has launched ICICI Prudential CRISIL-IBX AAA Bond Financial Services Index -Dec 2026 Fund, an open-ended target maturity Index Fund investing in the constituents of CRISIL-IBX AAA Financial Services Index – Dec 2026 with moderate interest rate risk and relatively low credit risk. The NFO opens for subscription on January 17, 2025 and closes on January 24, 2025. No Entry Load shall be charged for the scheme. The Exit Load will be 0.25% of applicable Net Asset Value - If the amount sought to be redeemed or switch out within 30 days from allotment and NIL- If the amount sought to be redeemed or switched out after 30 days. The minimum subscription amount is Rs 1,000/- (plus in multiple of Re.1).
The performance of the scheme will be benchmarked at CRISIL-IBX AAA Financial Services Index – Dec 2026 and its fund managers are Darshil Dedhia and Rohit Lakhotia.
The investment objective of the is to track the CRISIL-IBX AAA Financial Services Index – Dec 2026 by investing in Securities maturing on or before December 2026, subject to tracking errors.
