ICICI Prudential Mutual Fund files offer document for CRISIL-IBX AAA Financial Services Index - Dec 2026 Fund
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ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘ICICI Prudential CRISIL-IBX AAA 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. A moderate interest rate risk and relatively low credit risk.). The New Fund Offer price is Rs 10. No Entry Load shall be charged. 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 Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment, and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the Scheme is benchmarked against CRISIL-IBX AAA Financial Services Index - Dec 2026. It seeks to track the performance of AAA issuers from the financial services sector maturing on or before December 31, 2026. The minimum application amount is Rs 1,000 and multiples of Rs 1 thereafter.
The investment objective of the scheme 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.
