ICICI Prudential MF has launched a new FMP called ICICI Prudential Fixed Maturity Plan - Series 39 - 24 Months Plan B and the scheme is a close ended debt scheme. The scheme objective 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.
Asset Allocation: The fund will invest up to 0%-100%in money market instruments, short-term and medium term debt securities/debt instruments and securitised debt. However investment in securitised debt will up to 50% of the corpus of the scheme.
There are two options available under the scheme viz. retail option and institutional option. Presently only retail option is available for investment with cumulative and dividend sub-options. Dividend payout is the only facility available under dividend sub-option. The cumulative sub-option shall be the default sub-option.
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