ICICI Prudential Mutual Fund (MF) has launched the ICICI Prudential PSU Bond plus SDL 40:60 Index Fund-Sep 2027, an open-ended target maturity Index Fund investing in the constituents of Nifty PSU Bond Plus SDL Sep 2027 40:60 Index. The NFO opens for subscription on September 03, 2021, and closes on September 27, 2021. The Entry load is nil for the scheme. The Exit load will be 0.15% of applicable Net Asset Value, if the amount sought to be redeemed or switch out within 30 days from allotment and nil, if the amount sought to be redeemed or switched out after 30 days from allotment. The minimum subscription amount is Rs 1000 and any amount thereafter.
The performance of the Scheme would be benchmarked against Nifty PSU Bond Plus SDL Sep 2027 40:60 Index and its fund managers are Chandni Gupta and Anuj Tagra.
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.