ICICI Prudential Mutual Fund new issue closes on 19th April
ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 54-1 Year Plan D, 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 which mature on or before the date of maturity of the plan. The tenor of the plan is one year.
The new issue closes on 19th April. The minimum investment amount is Rs5,000.
CRISIL Short Term Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.
Deutsche Mutual Fund’s units will be offered for transaction through the infrastructure provided by NSE—the Mutual Fund Services System
Deutsche Mutual Fund said that the units of DWS Alpha Equity Fund, DWS Investment Opportunity Fund and DWS Tax Saving Fund will be offered for transaction through the infrastructure provided by National Stock Exchange of India (NSE) viz. the Mutual Fund Services System (MFSS).
The facility for purchase/redemption of units of the schemes of the fund house will be available to existing as well as new investors. However, switching of units is not currently permitted.