ICICI Prudential MF Floats 1 Year FMP

ICICI Prudential Mutual Fund has unveiled a 367 day close ended debt scheme.

ICICI Prudential Mutual Fund has unveiled a 367 day close ended debt scheme, India Infoline reports. The ICICI Prudential Fixed Maturity Plan (FMP) - Series 56 - 1 Year Plan F will be managed by Chaitanya Pande. The scheme will track the Crisil Short Term Bond Fund Index. The scheme will allocate 100% assets in central and state government securities. The plan will also invest in money market instruments, short term and medium term debt securities / debt instruments and securitized debt with low to medium risk profile.

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