ICICI Prudential Fixed Maturity Plan – Series 81-1178 Days Plan H is a close-ended scheme. The scheme will hold the principal at moderate risk. It is a long-term saving solution for investors. It is a debt fund that seeks to generate income by investing in a portfolio of fixed income securities or debt instruments maturing on or before the maturity of the scheme.

Here are a few things you should know before investing in this scheme:

New Fund Offer time period

The NFO opened on May 8, 2017, and closes on May 15, 2017.

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 that the investment objective of the Scheme will be realized.

Asset Allocation

Under normal circumstances, the asset allocation of the scheme and the credit rating of the instruments would be as follows:

*If the scheme decides to invest in securitized debt (Single loan and/or pool loan securitized debt), it could be up to 25% of the corpus of the scheme. The cumulative Gross Exposure in any of the above cases will not exceed 100% of the net assets of the scheme.

Liquidity of the Scheme

No redemption/repurchase of units shall be allowed prior to the maturity for this close-ended scheme. Investors wishing to exit may do so, only in demat mode, by selling the units through BSE Ltd or any of the stock exchange(s) where the scheme will be listed which the Trustee may decide from time to time.

Load Structure

Since the scheme will be listed on the stock exchange, exit load will not be applicable. There will be no entry load as well.

Minimum Application Charges

The MAC for the scheme is Rs 5000 & in multiples of Rs10 thereafter. The minimum application amount applies to switch in transactions during the New Fund Offer period also.
Scheme’s Benchmark

The benchmark of the 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 website)