March 2, 2023
mayank
Guidance for ICICI Prudential Fixed Maturity Plan – Series 88 365 Days Plan T NFO
by Paresh Gordhandas, C.A., Research Analyst.
Upcoming Soon
ICICI Prudential Fixed Maturity Plan – Series 88 365 Days Plan T NFO
NFO opens on March 06, 2023
NFO will close on March 14, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seek to generate income by investing in a portfolio of fixed income securities/debt instruments maturing on or before the maturity of the Scheme.
Basic Details
| Fund House | ICICI Prudential Mutual Fund |
| Issue Open | 06 March 2023 |
| Issue Close | 14 March 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 365 |
| Riskometer | Low to Moderate |
| Benchmark | NIFTY Low Duration Debt Index |
About Benchmark Index
NIFTY Fixed Income Aggregate Indices consist of 13 indices which measure the performance of various fixed income portfolios covering Government securities, Corporate bonds of different credit rating categories, Commercial papers, Certificate of deposits, T-Bills and Overnight rate.
| Index Characteristics | |
| Methodology | Total Returns |
| Launch Date | February 09, 2018 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Weight Reset Frequency | Monthly |
Statistics
| Index Name | Avg. Macaulay Duration* | Avg. Modified Duration* | Avg. Maturity* | Avg. Yield %* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Liquid Index | 0.07 | 0.07 | 0.07 | 4.94 | 1.67 | 3.14 | 5.31 | 4.29 | 6.82 |
| NIFTY Ultra Short Duration Debt Index | 0.28 | 0.26 | 0.29 | 7.73 | 1.81 | 3.29 | 5.54 | 4.94 | 7.43 |
| NIFTY Low Duration Debt Index | 0.63 | 0.58 | 0.63 | 7.89 | 1.75 | 2.98 | 4.79 | 5.04 | 7.44 |
| NIFTY Money Market Index | 0.34 | 0.32 | 0.34 | 7.36 | 1.75 | 3.10 | 5.11 | 4.56 | 7.07 |
| NIFTY Short Duration Debt Index | 1.90 | 1.78 | 2.04 | 7.76 | 1.71 | 2.69 | 3.88 | 5.84 | 7.64 |
| NIFTY Medium Duration Debt Index | 3.34 | 3.14 | 3.85 | 7.81 | 1.85 | 2.70 | 2.81 | 6.37 | 7.70 |
| NIFTY Medium to Long Duration Debt Index | 5.55 | 5.26 | 7.26 | 7.78 | 2.13 | 3.26 | 3.18 | 6.32 | 7.75 |
| NIFTY Long Duration Debt Index | 8.50 | 8.09 | 15.50 | 7.75 | 2.34 | 4.14 | 4.02 | 6.10 | 7.73 |
| NIFTY Composite Debt Index | 5.04 | 4.78 | 7.47 | 7.80 | 2.04 | 3.23 | 3.52 | 6.26 | 7.72 |
| NIFTY Corporate Bond Index | 2.51 | 2.33 | 2.76 | 8.12 | 1.69 | 2.71 | 3.61 | 6.47 | 8.03 |
| NIFTY Credit Risk Bond Index | 1.90 | 1.76 | 2.08 | 9.65 | 2.22 | 3.96 | 6.45 | 8.34 | 8.82 |
| NIFTY Banking & PSU Debt Index | 2.49 | 2.33 | 2.94 | 7.75 | 1.65 | 2.62 | 3.40 | 5.72 | 7.60 |
| NIFTY All Duration G-Sec Index | 7.07 | 6.82 | 12.23 | 7.48 | 2.43 | 3.70 | 3.65 | 5.58 | 7.10 |
Fund Manager
1) Nikhil Kabra
Education: Mr. Kabra is a B.Com and Chartered Accountant.
Experience: Prior to joining ICICI Prudential AMC from September 25, 2013 he was associated with Sumedha Fiscal Services Limited from October 2012 to September 2013 and Haribhakti & Co. from September 2010 to October 2012.
Past Performance of his Schemes
| Fund | ICICI Prudential Floating Interest Fund | It’s Benchmark | ICICI Prudential Money Market Fund | It’s Benchmark |
| 1 Year | 5.50 | 2.67 | 5.17 | 2.67 |
| 3 Year | 5.68 | 2.53 | 4.91 | 2.53 |
| 5 Year | 6.53 | 3.18 | 6.01 | 3.18 |
| 7 Year | 6.87 | 3.50 | 6.31 | 3.50 |
| 10 Year | 7.43 | 4.09 | 7.05 | 4.09 |
2) Rohan Maru
Education: Mr. Maru is M.Com and MBA in Finance.
Experience: Prior to joining ICICI Prudential Mutual Fund, he has worked with Kotak Mahindra AMC as Fixed Income Dealer and Integreon Managed Solutions as a Research Associate.
Past Performance of his Schemes
| Fund | ICICI Prudential Global Stable Equity Fund (FOF) | It’s Benchmark | ICICI Prudential Liquid Fund | It’s Benchmark |
| 1 Year | 6.75 | 3.95 | 5.25 | 2.67 |
| 3 Year | 12.81 | 18.33 | 4.15 | 2.53 |
| 5 Year | 9.24 | 11.20 | 5.23 | 3.18 |
| 7 Year | 8.65 | 15.14 | 5.74 | 3.50 |
| 10 Year | — | — | 6.67 | 4.09 |
AMC:
ICICI Prudential Asset Management Company Ltd
Address: One BKC , A Wing , 13th Floor, Bandra Kurla Complex, Mumbai – 400051
Website: http://www.icicipruamc.com
Registrar & Transfer Agent:
Computer Age Management Services Ltd.
Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai – 600002
Website: www.camsonline.com
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