MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer Overnight Fund
Oct-16-2018

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch an open ended debt scheme named 'ICICI Prudential Overnight Fund'. The New Fund Offer price is Rs 100 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 of the schemes will be benchmarked by CRISIL CBLO Index. The minimum application amount for initial purchase is Rs 100 & Re 1 thereafter.

The Scheme aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in overnight securities having maturity of 1 business day.

  RELATED NEWS >>