ICICI Prudential NFO: Fixed Maturity Plan – Series 84 – 1235 Days Plan R

ICICI Prudential NFO named “ICICI Prudential Fixed Maturity Plan – Series 84 – 1235 Days Plan R” is being offered from 05-Dec-2018 to 19-Dec-2018.

 

icici prudential nfo

 

According to ICICI Prudential, this plan is suitable for investors who are seeking:-

  • Long-term savings solution,
  • A Debt Scheme that seeks to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
About ICICI Prudential NFO
Name of the Scheme ICICI Prudential Fixed Maturity Plan – Series 84 – 1235 Days Plan R
Fund House ICICI Prudential Mutual Fund
Scheme Type Close Ended (1235 Days)
Scheme Category Income
Issue Starts 5-Dec-2018
Issue Closes 19-Dec-2018
NFO Unit Price Rs 10 per unit
Minimum Investment Rs 5000
Entry Load No
Exit Load No-Since the Scheme will be listed on the stock exchange, exit load will not be applicable.
Investment Manager ICICI Prudential Asset Management Company Limited
Proposed Asset Allocation
Instruments Indicative allocations
(% of total assets)
Risk Profile
Maximum Minimum High/Medium/Low
Debt Instruments including Government Securities 100 80 Low to medium
Money Market Instruments 20 0 Low to medium
About ICICI Prudential

ICICI Prudential is the largest asset management company in India based on its Asset under Management (AUM). This fund house was founded in June 1993 as a joint venture between ICICI Bank of India and the Prudential Plc of UK. Prudential Plc is one of the largest financial service companies of UK and operates also in Asia and the United States.

    This company operates from over 200 locations with having 1913 employees and more than 3 million investors. As of 30-Sep-2018, the company has Rs 310257.46 crore as Asset under management (AUM).

Registered Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110 001.

Corporate Office: One BKC 13th Floor, Bandra Kurla Complex, Mumbai – 400051.

Website: www.icicipruamc.com

(Read: NFO: New Fund Offer of Mutual Funds)

Objectives of Scheme (ICICI Prudential NFO)

According to ICICI Prudential, the following is objective of the scheme:-

The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Please click here to read the scheme related document.

Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions. 

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Tags: #NFO #Mutual Fund #New Mutual Fund #ICICI Prudential NFO #New Fund Offer

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