ICICI Prudential Fixed Maturity Plan (FMP) Series 53 – 18 Months Plan A

December 23, 2010 by · 6 Comments 

ICICI Prudential Fixed Maturity Plan Series 53 – 18 Months Plan A-Review

ICICI Prudential Mutual Fund has launched a new FMP – Series 53 18 Months Plan A. Due to the ongoing liquidity issues, this is another FMP among the spate of FMP issues that we are seeing in the market recently

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ICICI Prudential Fixed Maturity Plan Series 49 – 3 Years Plan B

October 30, 2009 by · Leave a Comment 

ICICI Prudential Mutal Fund has launched a new FMP-Fixed Maturity Plan Series 49 – 3 Years Plan B

icici mutual fund investments fmp
New Fixed Maturity Plan – ICICI Prudential FMP Series 49 3 Years Plan B


ICICI Prudential Fixed Maturity Plan Series 49 – 3 Year Plan B FMP: Open and close dates

  • Open date for ICICI FMP Series 49 Plan B: 20 October 2009
  • Close date for ICICI FMP Series 49 Plan B: 5 November 2009

ICICI Prudential FMP Series 49 Plan B- Maturity period

Maturity Period for ICICI Prudential Series 49 Plan B is 3 years

Entry Exit loads for ICICI Prudential FMP Series 49 Plan B

Per recent SEBI guidelines, there is no entry/exit load for ICICI Prudential FMP Series 49 Plan B. However, this fixed maturity plan will be listed and be freely tradeable on the exchange

ICICI Prudential New India FMP-Fixed Maturity Plan Series 49 – 1 Year Plan C

October 12, 2009 by · 4 Comments 

ICICI Prudential MF has launched a new FMP NFO in India-Fixed Maturity Plan Series 49 – 1 Year Plan C


icici prudential india fmpFixed Maturity Plan Series 49 – 1 Year Plan C is another FMP NFO as ICICI Prudential Mutual Fund joins the FMP bandwagon, by reviving its FMP NFO launches

Fixed Maturity Plan Series 49 – 1 Year Plan C from ICICI Prudential Mutual Fund- Start and end dates of the NFO

Start date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 12 Oct 2009

End date of Fixed Maturity Plan Series 49 – 1 Year Plan C – 22 Oct 2009

Maturity of ICICI Prudential Mutual Fund FMP-Fixed Maturity Plan Series 49 Plan C

Fixed Maturity Plan Series 49 Plan C has a maturity of 1 year

Options for ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C


ICICI Prudential FMP NFO-Fixed Maturity Plan Series 49 Plan C has 3 options

  • Retail plan for Fixed Maturity Plan Series 49 Plan C- Minimum Rs 5000
  • Institutional Plan I-Minimum 10 Lakh
  • Institutional Plan- Minimum 25 Lakh

No entry, exit loads for ICICI FMP Fixed Maturity Plan Series 49 Plan C

Keeping with SEBI rules, there are no entry and exit loads for this ICICI Prudential MF FMP-Fixed Maturity Plan Series 49 Plan C. The FMP will be listed on the stock exchange

ICICI Prudential MF FMPs given high AAAF ratings by Crisil

December 6, 2008 by · 9 Comments 

ICICI Prudential MF FMPs have been given a superior AAAF rating by Crisil

crisil fmp ratingsCrisil , the credit rating agency has given a high rating to ICICI Prudential Mutual Fund’s FMPs. This fantastic rating for 35 of ICICI Prudential Mutual Fund FMP schemes is a huge boost for ICICI Prudential FMPs and fixed maturity plan schemes in general

The high rating for ICICI Prudential Mutual Fund’s FMPs indicates that the “credit risk” for these fixed maturity plans is limited

Recently, fingers have been pointed at FMPs for investing their assets in risky debt portfolios, including real estate companies and NBFCs. It looks like ICICI Prudential Mutual Fund’s FMP managers deserve a pat on the back for being conservative in their debt portfolios, leading to a lower credit risk

ICICI Prudential MF FMPs also score high in transparency

By publishing a regular fact sheet indicating their portfolios, ICICI Prudential MF FMPs have also demonstrated a high degree of commitment to transparency in their FMP portfolio investments

Crisil giving ICICI Prudential Mutual Fund a high rating for it FMPs is a short in the arm for the reputation of ICICI Prudential as a mutual fund house

FMP schemes from mutual fund houses have come under great scrutiny in the recent past and allegations of poor portfolio allocation and exposure to credit risk have been made against mutual fund houses in general

In this context, by giving ICICI Prudential FMPs a high rating, for over 35 FMPs, Crisil seems to be suggesting that ICICI Prudential is one of the better managed mutual funds with enough checks and balances in place

Series H 36 months ICICI Prudential S.M.A.R.T plan

November 30, 2008 by · Leave a Comment 

ICICI Prudential S.M.A.R.T Series H 36 months IP (G),IP (D), RP (G). RP (D)

icici prudential mutual fund fmpsICICI Prudential S.M.A.R.T Series H is a complicated debt instrument that invests in equity derivatives

In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

ICICI Prudential S.M.A.R.T Series H 36 month variants

ICICI Pru S.M.A.R.T Series H comes in 4 variants

  • ICICI Pru S.M.A.R.T Series H 36 months RP(g)- the growth option for retail participants
  • ICICI Pru S.M.A.R.T 36 Months Series H RP(d)- the dividend option for retail participants
  • ICICI Pru S.M.A.R.T 36 Months Series H IP(d)- the dividend option for institutional participants
  • ICICI Pru S.M.A.R.T 15 Months Series H IP(G)- the growth option for institutional participants

ICICI Pru S.M.A.R.T Series H 36 months FMP Maturity Period

As the name indicates,this S.M.A.R.T Series E fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 36 Months

ICICI Pru S.M.A.R.T Series H 36 Months Series H- Opening and closing dates

This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

Should you invest in ICICI Prudential S.M.A.R.T Series H 36 months plan

Points In favour of investing in ICICI Prudential S.M.A.R.T Series H 36 months FMP

  • If you are a financial wiz and you understand complex equity derivates and think the equty markets cannot go down further, investing in ICICI Pru Series H 36 months may not be bad
  • Points against investing in ICICI Pru S.M.A.R.T Series H 36 months plan

    • The ICICI Pru S.M.A.R.T Series H 36 months plan is based on complex equity derivatives. If you think derivatives are something you learned in math school, this ICICI Pru S.M.A.R.T plan is not for you.
    • The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series H 36 Mth schemes are quite steep at 2.25% and 2% respectively for retail investors and has an entry and exit load of 0 and 3% for institutional investors
    • Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series H 36 Months scheme are advised to be careful

    Series E, 24 months-Icici Prudential S.M.A.R.T FMP

    November 30, 2008 by · Leave a Comment 

    ICICI Prudential S.M.A.R.T Series E 24 months IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

    icici prudential mutual fund fmpsICICI Prudential S.M.A.R.T Series E is a complicated debt instrument. In short, ICICI Prudential S.M.A.R.T is essentially a structured debt scheme that invests in equity based debentures (whatever that means, for the non-financial wizard)

    The official description of ICICI Prudential S.M.A.R.T Series E 24 months FMP ‘s investment criteria
    -”invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the Plans under the scheme”


    In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

    ICICI Prudential S.M.A.R.T Series E 24 month variants

    ICICI Pru S.M.A.R.T Series E comes in 4 variants

    • ICICI Pru S.M.A.R.T Series E RP(g)- the growth option for retail participants
    • ICICI Pru S.M.A.R.T 24 Months Series E RP(d)- the dividend option for retail participants
    • ICICI Pru S.M.A.R.T 24 Months Series E IP(d)- the dividend option for institutional participants
    • ICICI Pru S.M.A.R.T 15 Months Series E IP(G)- the growth option for institutional participants

    ICICI Pru S.M.A.R.T FMP Maturity Period

    This S.M.A.R.T Series E fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 24 Months

    ICICI Pru S.M.A.R.T Series E 24 Months Plan B – Opening and closing dates

    This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

    Should you invest in ICICI Prudential S.M.A.R.T Series E 24 months plan

    Points In favour of investing in ICICI Prudential S.M.A.R.T Series E 24 months FMP

    • If you are a financial wiz and you understand complex equity derivates and think the equty markets cannot go down further, investing in ICICI Pru Series E 24 months may not be bad
    • Points against investing in ICICI Pru S.M.A.R.T Series E 24 months plan

      • The ICICI Pru S.M.A.R.T Series E 24 months plan is based on complex equity derivatives. If you think derivatives are something you learned in math school, this ICICI Pru S.M.A.R.T plan is not for you.(First rule of Investing- Do not invest in something you do not understand
      • The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series B 15 Mth schemes are quite steep at 2.25% and 2% respectively for retail investors and has an entry and exit load of 0 and 3% for institutional investors
      • Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series B 15 Months scheme are advised to be careful

      ICICI Prudential S.M.A.R.T. Fund – Series B – 15 Months FMP

      November 28, 2008 by · Leave a Comment 

      ICICI Prudential S.M.A.R.T Series B 15 months IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

      icici prudential mutual fund fmpsICICI Prudential S.M.A.R.T Series B is a complicated debt instrument. In short, ICICI Prudential S.M.A.R.T is essentially a structured debt scheme that invests in equity based debentures

      The official description of ICICI Prudential S.M.A.R.T Series B 15 months FMP ‘s investment criteria
      -”invest in short term and medium term debt instruments with fixed and/or floating payouts linked to the equity indices normally maturing in line with the time profile of the Plans under the scheme”


      In short, ICICI Pru S.M.A.R.T are not the traditional FMPs that seek to invest mostly in Govt securities , and are far more complex debt instruments

      ICICI Prudential S.M.A.R.T Series B 15 month variants

      ICICI Pru S.M.A.R.T Series B comes in 4 variants

      • ICICI Pru S.M.A.R.T Series B RP(g)- the growth option for retail participants
      • ICICI Pru S.M.A.R.T 15 Months Series B RP(d)- the dividend option for retail participants
      • ICICI Pru S.M.A.R.T 15 Months Series B IP(d)- the dividend option for institutional participants
      • ICICI Pru S.M.A.R.T 15 Months Series B IP(G)- the growth option for institutional participants

      ICICI Pru S.M.A.R.T FMP Maturity Period

      This S.M.A.R.T Series B fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 15 Monthss

      ICICI Pru S.M.A.R.T Series B 15 Months Plan B – Opening and closing dates

      This ICICI Pru scheme has a opening date of 25/10/2008 and a closing date of 8/12/2008

      Should you invest in ICICI Prudential S.M.A.R.T Series B 15 months plan

      Points In favour of investing in ICICI Prudential S.M.A.R.T Series B 15 months FMP

      • Given that the equity markets are really down, if one was to make a bet that the market would go up significantly from this position, than investing in ICICI Pru S.M.A.R.T Series B 15 months may be a good option
      • Points against investing in ICICI Pru Series E SMART Fixed Maturity Plan

        • The ICICI Pru S.M.A.R.T Series B 15 months is not exactly a typical FMP and invests in equity based debentures. All this is rather tough to understand for the retail investor and one would have to caution the retail investor to not invest in this scheme if he does not understand it
        • The entry loads and exit loads for the ICICI Pru S.M.A.R.T Series B 15 Mth schemes are quite steep at 2.25% and 2% respectively
        • Retail investors who do not understand the complicated financial instruments used in schemes such as the ICICI S.M.A.R.T Series B 15 Months scheme are advised to be careful

        ICICI Prudential Series 48 – 3 year Plan B Fixed Maturity Plan

        November 28, 2008 by · 2 Comments 

        ICICI Prudential S48 3 Year FMP Plan B IP (G),IP (D), RP (G). RP (D) from ICICI Prudential Mutual Fund

        icici prudential mutual fund fmpsA new FMP, ICICI Prudential S48 3 Year Plan B FMP has been launched by ICICI Prudential mutual fund

        ICICI Prudential S48 3 Year Fixed Maturity Plan Plan B variants

        ICICI Pru Series 48 3 Year Plan B comes in 4 variants

        • ICICI S48 3 Yr RP(g)- the growth option of the fixed maturity plan for retail participants
        • ICICI Pru S48 3 Yr RP(d)- the dividend option of the fixed maturity plan for retail participants
        • ICICI Pru S48 3 Yr IP(d)- the dividend option of the fixed maturity plan for institutional participants
        • ICICI Pru S48 3 Yr IP(g)- the growth option of the fixed maturity plan for institutional participants

        ICICI Pru S48 3 Yr Plan B FMP Maturity Period

        This fixed maturity plan from ICICI Prudential Mutual Fund has a maturity period of 3 years

        ICICI Pru S48 Plan B 3 Year Fixed Maturity Plan- Opening and closing dates

        ICICI Pru S48 Plan B FMP has a opening date of 03/11/2008 and a closing date of 5/12/2008

        Should you invest in ICICI Pru S48 Plan B

        Points In favour of investing in ICICI Pru S48 Plan B Fixed Maturity Plan

        • Given that interest rates are expected to fall, its a good time to lock in to the high expected 3 year returns of ICICI Pru S48
        • ICICI Prudential MF is a respectable fund house and one would expect that they would be careful in investing the Fixed Maturity Plan assets in good quality debt assets
        • Points against investing in ICICI Pru S48 Plan B Fixed Maturity Plan

          • Some investors are wary of FMP plans and mutual fund schemes in general, given the global financial environment and the recent bad press that FMPs have received.So, locking in your investments on a 3 year FMP is not advised by these investors who prefer dealing in short term FMPs
          • The exit load for withdrawing money from the ICICI Pru S48 Plan B Fixed Maturity Plan is quite steep at 3%. Investors who may face liquidity problems in the next 3 years and may need to withdraw from this FMP before the maturity date should avoid this ICICI Pru S48 3 year FMP