ICICI Prudential MF introduces FMP Series 88-1828 Days Plan A

ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 88-1828 Days Plan A, a close-ended debt scheme. The NFO opens for subscription on September 22, 2021, and closes on September 23, 2021. The Entry load and the Exit Load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Rs10 thereafter.

The performance of the scheme shall be benchmarked against CRISIL Medium to Long Term Debt Index and its fund managers are Rahul Goswami and Rohan Maru.

The investment objective of 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 Scheme.