ICICI Prudential Mutual Fund launches ICICI Prudential Nifty SDL Dec 2028 Index Fund

NFO period: 04^th October – 11^th October, 2022

Highlights of the NFO:

• Scheme type – An open-ended Target Maturity Index Fund tracking Nifty SDL Dec 2028 Index. A relatively high interest rate risk and relatively low credit risk


• Investment objective – The investment objective of the scheme is to provide investment returns corresponding to the total returns of the securities as represented by the Nifty SDL Dec 2028 Index before expenses, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking income over a long period. An open-ended Target Maturity Index Fund tracking Nifty SDL Dec 2028 Index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 1,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) Option. IDCW Option shall have Reinvestment, Payout sub-options.


• Fund Managers – Mr. Anuj Tagra and Mr. Darshil Dedhia


• Benchmark – Nifty SDL Dec 2028 Index