Mumbai: ICICI Prudential MF has launched a close-ended debt fund called ICICI Prudential Fixed Maturity Plan-Series 53-One Year Plan D, with duration of 371 days. The NFO opened on December 9, 2010 and closes on December 16, 2010. The investment objective of the scheme is to generate regular incomes by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the plan.
There are two options available under the scheme, cumulative and dividend option. The scheme is benchmarked against CRISIL Composite Bond Index. The minimum application amount is Rs. 5,000 and multiples of Rs. 10 thereafter. No entry and exit load is applicable.
