ICICI Prudential MF Floats Debt Scheme

ICICI Prudential Mutual Fundhas rolled out a close ended debt scheme,India Infolinereports. TheICICI Prudential Fixed Maturity Plan - Series 57 - 1 Year Plan Cwill allocate up to 100% of assets to central and state government securities.

The fund will further invest in money market instruments, short term and medium term debt securities / debt instruments and securitized debt. The scheme, which is benchmarked against theCrisil Short Term Bond Fund Index,will be managed byChaitanya Pande.

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