ICICI Prudential Introduces ICICI Prudential Fixed Maturity Plan Series 53 3 Years Plan A (08-Aug-2010)
ICICI Prudential Mutual Fund has opened the New Fund Offer (NFO) ICICI Prudential Fixed Maturity Plan-Series 53-3 Years Plan A, a close-ended debt fund.
The NFO opens for subscription on August 9, 2010 and closes on August 24, 2010. No entry and exit load is applicable. The tenure of the scheme has been fixed as 1100 days from the date of allotment.
The scheme will be benchmarked against CRISIL Composite Bond Fund Index.
The minimum application amount will be Rs 5,000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/debt instruments which mature on or before the date of maturity of the scheme.
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