ICICI Prudential FMP-Series 87 NFO period started on Dec 21 to Dec 30:
ICICI Prudential Mutual fund launched a new NFO. The NFO is ICICI Prudential FMP-Series 87 scheme, it is a 1214 days plan. The NFO is a close-ended type scheme. This NFO period was started on Dec 21 and closed on Dec 30, 2019. 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:
For the Entry load, there are no charges will apply.
Since the scheme will be listed on the stock exchange, the exit load will not be applicable.
|Fund Name||ICICI Prudential FMP-Series 87 – 1214 days|
|Fund House||ICIC Prudential Mutual Fund|
|NFO Period||Dec 21, to Dec 30, 2019|
The minimum investment of this NFO is RS 5,000 with multiples of Rs 10 thereafter. It was the minimum subscription amount at the time of subscription.
Asset Allocation Pattern:
|Instruments||Allocation (% of Total Assets)||Risk Profile|
|Debt Instruments, including Govt Securities||80% to 100%||Low-Medium|
|Money Market Instruments||0% to 20%||Low-Medium|
The ICICI Prudential Fixed Maturity Plan 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.