ICICI Prudential Mutual Fund has announced the NFO ICICI Prudential Fixed Maturity Plan - Series 63 - 3 Years Plan K, a close ended debt scheme.
The NFO opens for subscription on May 21, 2012 and closes on May 28, 2012. The duration of the scheme is 1098 days from the date of allotment of units. No entry and exit load charges is applicable for the scheme. The scheme offers dividend payout and growth option.
Benchmark Index for the scheme is CRISIL Short Term Bond Fund Index. The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the scheme.
