ICICI Prudential Mutual Fund has started a fresh fund called ICICI Prudential Fixed Maturity Plan Series 53.
The scheme is for 371 Days and New Fund Offer will be priced at Rs. 10 per unit. It is reported that the subscription will be opened from 1 December to 7 December 2010. The scheme’s investment objective is producing regular returns through investments.
At present the two alternatives available for the scheme are cumulative and dividend option. The entry load and exit load charges will not be applicable for this current scheme. The minimum amount for application is Rs. 5000. The performance of the scheme will be evaluated against Crisil Composite Bond Fund Index.
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