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Showing posts with the label ICICI Prudential Fixed Maturity Plan - Series 88 - 1858 Days Plan D (A Close – Ended Debt Scheme. A relatively high interest rate risk & relatively low credit risk)

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ICICI Prudential Fixed Maturity Plan - Series 88 - 1858 Days Plan D (A Close – Ended Debt Scheme. A relatively high interest rate risk & relatively low credit risk)

From ICICI PRUDENTIAL MUTUAL FUND Fixed Maturity Plan (FMP) is a fixed tenure mutual fund scheme that invests its corpus in debt instruments maturing in line with the tenure of the scheme. The tenure of an FMP can vary between a few months to a few years. FMPs are ideal for those investors, who need returns higher than a regular FD but can accept the frequent NAV fluctuations. Compared to equity funds, FMPs are low risk-low return investments.  INVESTMENT OBJECTIVE The investment objective of the Scheme is to seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved. BENCHMARK PLAN AND ASSET ALLOCATION PROS FMPs can offer many benefits to investors, some of these are: Tax-Efficient post 3-years The indexation benefit offered