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Indian-Commodity  :  Mutual Funds  :  ICICI Prudential MF introduces Fixed Maturity Plan-Series 66-368 Days Plan B

ICICI Prudential MF introduces Fixed Maturity Plan-Series 66-368 Days Plan B (11-Feb-2013)

ICICI Prudential Mutual Fund has launched the New Fund Offer (NFO) of ICICI Prudential Fixed Maturity Plan-Series 66-368 Days Plan B, a close ended income scheme.

The NFO opens for subscription on February 11, 2013 and closes on February 14, 2013. No entry load will be applicable for the scheme; being a listed scheme, no exit load will be applicable. Investors shall note that the brokerage on sales of the units of the scheme on the stock exchanges shall be borne by the investors. 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.


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