ICICI Prudential Mutual Fund launches ICICI Prudential PSU Bond plus SDL 40:60 Index Fund Sep 2027
20 Sep,   2021 By: Eastern Fin Research Team #Mutual Fund

NFO period: 16th September – 27th September, 2021

Highlights of the NFO:

  • Scheme type – An open-ended target maturity Index Fund investing in the constituents of Nifty PSU Bond Plus SDL Sep 2027 40:60 Index

  • Investment objective – 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.

  • Product suitability – The product is suitable for investors who are seeking income over long run an open-ended Target Maturity Index Fund tracking Nifty PSU Bond Plus SDL Sep 2027 40:60 Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and and Income Distribution cum capital withdrawal option (IDCW Option) with Payout of Income Distribution cum capital withdrawal option (IDCW Payout) and Reinvestment of Income Distribution cum capital withdrawal option (IDCW Reinvestment) sub-options (with Weekly, Quarterly and Annual frequencies).

  • Fund Managers – Ms. Chandni Gupta and Mr. Anuj Tagra

  • Benchmark – Nifty PSU Bond Plus SDL Sep 2027 40:60 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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