ICICI Prudential Fixed Maturity Plan – Series 80 – 1118 Days Plan X is a debt fund which aims to provide long-term savings solutions for investors to generate income by investing in a portfolio of fixed income securities/debt instruments maturing at a particular period of time. However, one can exit before the maturity adhering to certain conditions as mentioned below.
As the scheme will not have exposure to derivatives, the risk associated with the scheme will be moderate in nature.
New Fund Offer time period
NFO opened on March 25, 2017, and close on April 08, 2017.
The scheme’s objective is to generate income by investing in a portfolio of fixed income securities and debt instruments, especially maturing on or before the maturity of the particular scheme. However, there can be no assurance that the investment objective of the scheme will get realized
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Under normal conditions, the asset allocation will be as follows.
One should note that the scheme will not have any exposure to derivatives.
*If the scheme decides to invest in securitized debt (Single loan and/or Pool loan Securitized debt), it could be up to 25 percent of the corpus of the scheme.
Liquidity of the Scheme
You cannot make redemption and also repurchase of units is not be allowed prior to the maturity of this close-ended scheme. However, investors wishing to exit may do so, only through the demat account.
Entry load is not applicable and since the scheme is not going to be listed on the stock exchange, the exit load is also not applicable.
Minimum Application Charges
The application to make the investment will start from Rs. 5000 and which can proceed in multiples of Rs. 10 thereafter. And also, the minimum application charges will apply to switch in transactions during the NFO period.
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The benchmark of this 1118 days duration scheme is CRISIL Composite Bond Fund Index.
It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.
(Source: amfiindia.com )