ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 86-1099 Days Plan A, a close ended debt scheme. The NFO opens for subscription on April 18, 2019 and closes on April 25, 2019. No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 & in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Short Term 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.