ICICI Prudential Mutual Fund launches one year fixed maturity plan
Moneylife Digital Team 03 March 2011

ICICI Prudential Mutual Fund new issue closes on 9th March

ICICI Prudential Mutual Fund has launched ICICI Prudential Fixed Maturity Plan-Series 55-1 Year Plan F, 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 plan is one year.

The new issue closes on 9th March. The minimum investment amount is Rs5,000.

CRISIL Composite Bond Fund Index is the benchmark index. Chaitanya Pande is the fund manager.

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