ICICI Pru MF introduces Fixed Maturity Plan-Series 85-1197 Days Plan A

ICICI Prudential Mutual Fund (MF) launched the ICICI Prudential Fixed Maturity Plan-Series 85-1197 Days Plan A, a close-ended debt scheme. The NFO opens for subscription on January 10, 2019 and closes for January 15, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000.

The scheme’s performance will be benchmarked against CRISIL Composite Bond Fund Index and its fund managers are Rahul Goswami and Rohan Maru.

The investment objective of the scheme is to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.