ICICI Prudential Mutual Fund has filed offer document with SEBI to launch a Close - Ended Debt Fund scheme as “ICICI Prudential Fixed Maturity Plan - Series 81”. The New Fund Offer price is Rs 10 per unit. Entry load and Exit Load will be nil for the scheme. The scheme offers Cumulative Sub-Option and Dividend Sub-Option with only Dividend Payout facility and seeks to collect a Minimum Target Amount of Rs 20 Crore.
The performance of the Plan with duration up to 91 days will be benchmarked against CRISIL Liquid Fund Index, for Plan with duration of more than 91 days and up to 1100 days will be benchmarked against CRISIL Short Term Bond Fund Index and for Plan with duration of more than 1100 days and up to 120 months will be benchmarked against CRISIL Composite Bond Fund Index. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The investment objective of the Plans under 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 Plans under the Scheme.