MUTUAL FUNDS
ICICI Prudential Mutual Fund files offer Fixed Maturity Plan - Series 85 - Plan A to Z
Oct-23-2018

ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named 'ICICI Prudential Fixed Maturity Plan - Series 85 - Plan A to Z'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil. The scheme offers dividend options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance for plans with duration up to 91 days will be benchmarked by CRISIL Liquid Fund Index, for plans with duration of more than 91 days and up to 13 months will be benchmarked by CRISIL Ultra Short Term Debt Index, for Plans with duration of more than 13 months and up to 1100 days will be benchmarked by CRISIL Short Term Bond Fund Index, and for plans with duration of 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 Plans under the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Plans under the Scheme.

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