ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 65-502 Days Plan C, a close ended income scheme. The NFO opens for subscription on December 6, 2012 and closes on December 10, 2012. No entry load will be applicable for the scheme; being a listed scheme, no exit load will be applicable. The minimum subscription amount is Rs. 5000.
The scheme's performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Manish Banthia.
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. However, there can be no assurance that the investment objective of the Scheme will be realized.