November 22, 2022
mayank
Guidance for NFO of ICICI Prudential Fixed Maturity Plan – Series 88 91 Days Plan G
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of ICICI Prudential Fixed Maturity Plan – Series 88 91 Days Plan G
NFO opens on November 29 ,2022
NFO will close on December 12 ,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 | 29 November 2022 |
| Issue Close | 12 December 2022 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 91 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL Liquid Fund 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) 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 Equity Arbitrage Fund | It’s Benchmark |
| 1 Year | 3.55 | 2.31 | 3.69 | 2.31 |
| 3 Year | 5.87 | 2.53 | 3.94 | 2.53 |
| 5 Year | 6.43 | 3.22 | 4.86 | 3.22 |
| 7 Year | 6.88 | 3.55 | 5.23 | 3.55 |
| 10 Year | 7.50 | 4.15 | 6.30 | 4.15 |
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 Savings Fund | It’s Benchmark |
| 1 Year | 4.13 | 2.70 | 3.89 | 2.31 |
| 3 Year | 8.32 | 18.42 | 5.60 | 2.53 |
| 5 Year | 9.11 | 12.53 | 6.51 | 3.22 |
| 7 Year | 8.37 | 14.43 | 7.01 | 3.55 |
| 10 Year | — | — | 7.71 | 4.15 |
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