November 23, 2022
mayank
Guidance for NFO of ICICI Prudential Fixed Maturity Plan – Series 88 1233 Days Plan I
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of ICICI Prudential Fixed Maturity Plan – Series 88 1233 Days Plan I
NFO opens on December 01 ,2022
NFO will close on December 14 ,2022
(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 | 01 December 2022 |
| Issue Close | 14 December 2022 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW Quarterly, IDCW Half Yearly |
| Tenure (Days) | 1233 |
| Riskometer | Moderate |
| Benchmark | CRISIL Medium Term Debt Index |
About Benchmark Index
CRISIL Medium Term Debt Index seeks to track the performance of a medium term debt portfolio comprising of government securities and AAA/AA rated corporate bonds
Features
● Total Return Index seeking to capture coupon and price returns of the underlying portfolio
● Base date for the Index : October 01, 2004
● Index portfolio marked-to-market on a daily basis using CRISIL Gilt and Bond valuations
● Index is fully invested at all points of time with no cash component
● Derived index from the following sub-indices
− CRISIL Short Term Gilt Index
− CRISIL AAA Medium Term Bond Index
− CRISIL AA Medium Term Bond Index
Key Characteristics
● Rich history: CRISIL Medium Term Debt Index has an inception date of October 01, 2004. Thus the index has
been in existence over a decade, seen multiple interest rate cycles, and has stood the test of time
● Liquidity: The index seeks to capture the movement in a portfolio consisting of most liquid government and
corporate securities by using appropriate market representation
● Replicability: The index constituents are valued on a daily basis. This lends the index a realistic approach by
having the valuations close to the market levels
Methodology
● Weights to government securities will be fixed at 15%
● Weights to sub-indices within corporate bonds will be rebalanced annually based on previous year issuances
● Index valued on a daily basis using CRISIL Gilt and Bond valuations
CRISIL Medium Term Debt Index: Asset Allocation – April 2017
| Sub Index | Weights (%) |
| CRISIL Short Term Gilt Index | 15 |
| CRISIL AAA Medium Term Bond Index | 64 |
| CRISIL AA Medium Term Bond Index | 21 |
CRISIL Medium Term Debt Index: Index Details – March 1, 2018
| Parameters | Values |
| Average Maturity (years) | 3.90 |
| Modified Duration (years) | 3.16 |
| Macaulay Duration (years) | 3.41 |
Fund Manager
1) Anuj Tagra
Education : Mr. Anuj Tagra is a graduate of Guru Gobind Singh Indraprastha University and an MBA from Narsee Monjee Institute of Management Studies
Experience : Prior to joining ICICI Prudential AMC he has worked with Union Bank of India and Fidelity Investments.
Past Performance of his Schemes
| Fund | ICICI Prudential Gilt Fund | It’s Benchmark | ICICI Prudential All Seasons Bond Fund | It’s Benchmark |
| 1 Year | 2.44 | 1.44 | 3.92 | 2.80 |
| 3 Year | 6.89 | 5.81 | 7.00 | 4.43 |
| 5 Year | 7.15 | 7.05 | 7.18 | 5.39 |
| 7 Year | 7.96 | 7.67 | 8.18 | 5.94 |
| 10 Year | 8.18 | 8.22 | 9.29 | 6.64 |
2) Chandni Gupta
Education : She holds B.E. degree in IT and CFA degree from CFA Institute, USA.
Experience : Prior to joining ICICI Prudential Asset Management Company Limited she has worked with Morgan Stanley Investment Management, HSBC Bank, Standard Chartered Mutual Fund.
Past Performance of his Schemes
| Fund | ICICI Prudential Banking & PSU Debt Fund | It’s Benchmark | ICICI Prudential Corporate Bond Fund | It’s Benchmark |
| 1 Year | 3.69 | 2.34 | 3.94 | 2.80 |
| 3 Year | 6.01 | 2.52 | 6.31 | 4.43 |
| 5 Year | 6.51 | 3.22 | 6.91 | 5.39 |
| 7 Year | 7.34 | 3.55 | 7.32 | 5.94 |
| 10 Year | 7.99 | 4.15 | 7.81 | 6.64 |
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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com