ICICI Prudential Mutual Fund has rolled out a close ended debt scheme, India Infoline reports. The ICICI Prudential Fixed Maturity Plan - Series 57 - 1 Year Plan C will allocate up to 100% of assets to central and state government securities.
The fund will further invest in money market instruments, short term and medium term debt securities / debt instruments and securitized debt. The scheme, which is benchmarked against the Crisil Short Term Bond Fund Index, will be managed by Chaitanya Pande.
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