ICICI Prudential Mutual Fund introduces 367 days fixed maturity plan
Moneylife Digital Team 17 March 2011

ICICI Prudential Mutual Fund new issue closes on 23rd March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 56-1 Year Plan B, a close-ended income scheme.

The investment objective of the plan is to seek 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. The tenor of the scheme is 367 days.

The new issue closes on 23rd March. The minimum investment amount is Rs5,000.

Crisil Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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