ICICI Prudential Mutual Fund has launched the CRISIL-IBX AAA Bond Financial Services Index – December 2026 Fund.
This open-ended target maturity index fund will invest in the components of the CRISIL-IBX AAA Financial Services Index – December 2026. It carries a moderate interest rate risk and low credit risk.
The New Fund Offer (NFO) for this scheme will be open from January 17, 2025, to January 24, 2025.
The fund is suitable for investors seeking stable income until December 2026
and who want to track the performance of the CRISIL-IBX AAA Financial Services Index – December 2026, while considering tracking errors.
Investment Details and Minimum Amount
The minimum investment required for the NFO is ₹1,000, and further investments can be made in multiples of ₹1.
The same applies for regular investments, switch-ins, and systematic investment plans (SIP) or systematic transfer plans (STP), where the minimum is ₹1,000, and additional investments can be made in multiples of ₹1.
The benchmark for this scheme is the CRISIL-IBX AAA Financial Services Index – December 2026, and its performance will be measured against this index.
Who Can Invest and Exit Load Details
This fund is ideal for investors looking for stable long-term returns.
The investment will focus on securities maturing by December 2026 or earlier. However, there is no guarantee of achieving the target or returns.
As this is an open-ended scheme, investors can buy, redeem, or switch units every business day based on the NAV.
If units are redeemed after 30 days, there will be no exit load. But if redeemed within 30 days of allotment, a 0.25% exit load will apply.
Under SEBI guidelines, redemption amounts must be paid within 3 business days.
If not, penal interest of 15% per annum will be charged, as per the AMFI guidelines issued on January 16, 2023.
