| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential Fixed Maturity Plan – Series 88 – 1828 Days Plan A |
| Objective of Scheme | 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. |
| Scheme Type | Close Ended |
| Scheme Category | Income |
| New Fund Launch Date | 22-Sep-2021 |
| New Fund Offer Closure Date | 23-Sep-2021 |
| Indicate Load Separately | Entry Load: Not Applicable. Exit Load: Being a listed Scheme, no exit load will be applicable. |
| Minimum Subscription Amount | Rs.5,000/- & in multiples of Rs.10/- thereafter |
| For Further Details Please Visit Website | www.icicipruamc.com |
| ICICI Prudential Mutual Fund | |
| Scheme Name | ICICI Prudential PSU Bond plus SDL 40:60 Index Fund – Sep 2027 |
| Objective of Scheme | The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Sep 2027 40:60 Index by investing in AAA rated PSU bonds and SDLs, maturing on or before Sep 2027, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved and the scheme does not assure or guarantee any returns |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – Index Funds |
| New Fund Launch Date | 16-Sep-2021 |
| New Fund Offer Closure Date | 27-Sep-2021 |
| Indicate Load Separately | Entry Load – Not Applicable. Exit Load ? 0.15% of applicable Net Asset Value – If the amount sought to be redeemed or switch out within 30 days from allotment. ? Nil – If the amount sought to be redeemed or switched out after 30 days from allotment. |
| Minimum Subscription Amount | Rs.1,000/- and any amount thereafter |
| For Further Details Please Visit Website | www.icicipruamc.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Index Fund: These are funds that invest in instruments that represent a particular index on an exchange so as to mirror the movement and returns of the index e.g. buying shares representative of the BSE Sensex.
Debt Fund: These are funds that invest in debt instruments e.g. company debentures, government bonds and other fixed income assets. They are considered safe investments and provide fixed returns. These funds do not deduct tax at source so if the earning from the investment is more than Rs.10,000 then the investor is liable to pay the tax on it himself.
Mutual Funds Based on Structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
Close-Ended Funds: These are funds in which units can be purchased only during the initial offer period. Units can be redeemed at a specified maturity date. To provide for liquidity, these schemes is often listed for trading on a stock exchange. Unlike open ended mutual funds, once the units or stocks are bought, they cannot be sold back to the mutual fund, instead they need to be sold through the stock market at the prevailing price of the shares.
