News From Press ICICI Pru MF mergers five fixed maturity plans with its Money Market Fund

ICICI Pru MF mergers five fixed maturity plans with its Money Market Fund

Source: Mint Apr 22, 2022

ICICI Pru mutual fund has announced that its board and the trustees have approved the merger of five Fixed Maturity Plans (FMPs), into ICICI Prudential Money Market Fund.

The merging schemes are ICICI Prudential FMP Series 84 - 1272 Days Plan Q, ICICI Prudential FMP Series 84 - 1279 Days Plan P, ICICI Prudential FMP Series 84 - 1288 Days Plan O, ICICI Prudential FMP Series 84 - 1254 Days Plan U and ICICI Prudential FMP Series 84 - 1247 Days Plan W.

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AMCs can pay trail commission to the new distributor if investors initiate transfer of their assets. How will this impact you?

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