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.
|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|
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.