ICICI Prudential Mutual Fund has launched the NFO of ICICI Prudential Fixed Maturity Plan-Series 63-3 Year Plan L, a close ended income scheme.
The NFO opens for subscription on June 22, 2012 and closes on June 28, 2012. 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 plan under 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 Chaitanya Pande.
The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the plan under the scheme. However, there can be no assurance that the investment objective of the plan under the scheme will be realized.
Source: Accord Fintech
