ICICI MF Rolls Out New FMP

ICICI MF has launched a new fund called ICICI Prudential Fixed Maturity Plan - Series 41 - 17 months plan and it is a close-ended debt fund. A close-ended debt Scheme seeking to generate returns by investing in a portfolio of fixed income securities/ debt instruments normally maturing in line with the time profile of the scheme. The fund would invest up to 100% in money market instruments, short term and medium term debt securities/debt instruments and securitised debt. The investments in central and state government securities will be in normal circumstances limited to 50% of the net assets of the plan. The investment in securitised debt will be 50% of the net asset and derivative instruments to the extent of 50% of the net assets of the scheme.