MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer Interval Fund - Series IX
Oct-16-2018

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named ' ICICI Prudential Interval Fund - Series IX ' . The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance for Plans with interval period up to 91 days will be benchmarked by CRISIL Liquid Fund Index, for Plans with interval period more than 91 days and up to 13 months will be benchmarked by CRISIL Ultra Short Term Debt Index, for Plans with interval period more than 13 months and up to 1100 days will be benchmarked by CRISIL Short Term Bond Fund Index and for plans with interval period more than 1100 days and up to 120 months will be benchmarked by CRISIL Composite Bond Fund Index. The minimum application amount for initial purchase is Rs 5,000 & Rs 10 thereafter.

The investment objective of the Scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).
  

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