ICICI Prudential Mutual Fund launches ICICI Prudential Fixed Maturity Plan Series 87 1127 Days Plan I

NFO period: 12^th March – 25^th March, 2020

Highlights of the NFO:

• Scheme type – A close-ended Debt Scheme


• Investment objective – 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.


• Product suitability – The product 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.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter


• Plan/ Options available – Direct Plan having Cumulative Option and Dividend Option (with Dividend Payout and Dividend Transfer Plan Facility).


• Fund Managers – Mr. Rahul Goswami and Mr. Rohan Maru


• Benchmark – CRISIL Medium Term Debt Index


• Maturity period – 1127 days from the date of allotment