ICICI Prudential FMP- Series

ICICI Prudential FMP- Series 87 – 1134 Days Plan H

ICICI Prudential FMP- Series 87 – 1134 Days Plan H Subscription period from March 12 to March 18, 2020:

ICICI Prudential Mutual fund launched a new NFO. The NFO is ICICI Prudential Fixed Maturity Plan-Series 87 plan H scheme, it is an 1134 days plan. The NFO is a close-ended debt scheme. This NFO period will start on 12th March and will close on 18th March 2020.

The offered Units by the NFO is Rs 10 per unit in the subscription period. The benchmark of the scheme is the ‘CRISIL Medium Term Debt Index’. The FMP plans to raise Rs 20 crore from this NFO.

Entry Load and Exit Load:

Precisely, there would not exist any entry load for the scheme. Also, since the scheme lists on the stock exchange, the exit load remains inapplicable.

NFO Details:

Fund Name ICICI Prudential FMP- Series 87 – 1134 Days Plan H
Fund House ICICI Prudential Mutual Fund
NFO Period March 12 to March 18
Benchmark CRISIL Medium Term Debt Index

Minimum Investment:

The minimum amount of investment should be Rs 5,000 and in multiples of Rs 10 thereafter. Moreover, the company plans to raise Rs 20 cr through this NFO. 

Allocation Pattern:

Instruments Allocation pattern (% of total assets) Risk Profile
Debt Instruments Including Govt securities 80% to 100% Low to Medium
Money Market Instruments 0% to 20% Low to Medium

The ICICI Prudential FMP Plan H NFO will be listed on BSE. The allotment order will be issued, after 5 days from the completion of the NFO period. ICICI Prudential Trust Limited was the trustee company for this scheme.

Disclaimer: This post is just about scheme information. Investors should consult their financial advisers if in doubt about whether the product is suitable for them or any.

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