ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential Fixed Maturity Plan-Series 86-95 Days Plan E, a close ended debt scheme. The NFO opens for subscription on May 15, 2019 and closes on May 16, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against CRISIL Ultra Short Term Debt 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.