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ICICI Prudential Mutual Fund has launched ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, an open-ended target duration Index Fund investing in the constituents of CRISIL-IBX Financial Services 3-6 Months Debt Index with relatively low interest rate risk and relatively low credit risk. The NFO opens for subscription on March 10, 2025 and closes on March 18, 2025. The Scheme shall not charge any Entry Load and the Exit Load is nil for the scheme. The minimum subscription amount is Rs 1,000/- (plus in multiple of Re.1).

The performance of the Scheme will be benchmarked against CRISIL-IBX Financial Services 3-6 Months Debt Index and its fund managers Darshil Dedhia and Nikhil Kabra.

The investment objective of the scheme is to track the CRISIL-IBX Financial Services 3-6 Months Debt Index, subject to tracking errors.