ICICI Prudential Mutual Fund has rolled out a new closed ended income fund, Moneycontrol reports. The ICICI Prudential Fixed Multiple Yield Fund Plan A is designed to generate returns by investing in a portfolio of fixed income securities/debt instruments.

The fund also seeks to generate long term capital appreciation by investing a portion of its assets in equity and equity related instruments. The vehicle, which will track the Crisil MIP Blended Index, will be managed by Chaitanya Pande.

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