ICICI Prudential FMP-Series

ICICI Prudential FMP-Series 87 – 1127 Days Plan I

ICICI Prudential FMP-Series 87 – 1127 Days Plan I NFO period starts from March 12 to March 25, 2020: 

To begin with, ICICI Prudential Mutual Fund to launch a new fund offer. So then, the NFO comes as ICICI Prudential FMP-Series 87 – 1127 Days Plan I scheme. Besides, the schemes exist as a close-ended debt scheme. Also, the NFO period would start from March 12th to March 25th. However, the scheme comes with a benchmark of the CRISIL Medium Term Debt Index. Moreover, the FMP aims to raise Rs 20 crores 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 – 1127 Days Plan I
Fund House  ICICI Prudential Mutual Fund 
NFO Period  March 12th to March 25th, 2020
Type  Close-Ended Debt Scheme 

Minimum Investment: 

Particularly, the minimum investment of the scheme remains Rs 5,000 and multiples of Rs 10 thereafter. 

Asset Allocation Pattern:

Instruments  Allocation (% of total assets)  Risk Profile 
Debt Instruments including Government Securities  80 to 100 Low to medium 
Money Market Instruments  0 to 20  Low to medium 

Significantly, the NFO would remain listed on the Bombay Stock Exchange. Also, the allotment order might remain issued after 5 days from the completion of the NFO period. And ICICI Prudential Trust Limited exists as the trustee company for the 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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