ICICI Prudential MF Launches New FMP Scheme

ICICI Prudential has launched a Fixed Maturity Plan (FMP). ICICI Prudential FMP-Series 36-18 Months Plan A is a closed ended debt fund. The objective of the scheme is to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the plans under the scheme. The scheme, with the minimum subscription amount of Rs 5000 and in multiples of Rs 10 thereafter, has retail plan with growth and dividend payout option. The New Fund Offer (NFO) period of the scheme is from 14 May-24 May 2007.