ICICI Prudential Mutual Fund has launched a new Closed Ended Growth scheme named ICICI Prudential FMP S 85 - 10 Years Plan I with maturity period of 3656 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Mar 12 to Mar 18, 2019.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.
The fund manager of the scheme will be Rahul Goswami, while the performance of the scheme will be benchmarked against CRISIL Composite Bond Fund Index.
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.