ICICI Prudential MF has announced filing an offer document with SEBI for its ICICI Fixed Maturity Plan -Series 38. The investment objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities or debt instruments normally maturing in line with the time profile of the plans under the scheme.
The scheme will be available in two options that is retail option and institutional option. Cumulative and Dividend sub-options are available under each option. Dividend payout is the facility available under dividend sub-option only. Under normal circumstances, up to 100 % of the fund will be invested in money market instruments, short term and medium term debt securities debt instruments and securitised debt. The Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Funds.
The minimum application amount under retail option will be Rs 5,000 per option and in multiples of Re 1 thereafter and Rs 2 crore under institutional plan and in multiples of Re 1 thereafter.
Under normal circumstances, up to 100 % of the fund will be invested in money market instruments, short term and medium term debt securities debt instruments and securitised debt. The Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Funds. There is no entry load but there is an exit load of 1% for quarterly plans and 2% for one and two year plans.
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