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

December 23, 2010 by  

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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


Maturity period for ICICI Prudential FMP Series 53 – 18 Months Plan A

As the name indicates,this fixed maturity plan has a maturity period of 550 days. Essentially, you can consider investing in this FMP if you have liquid cash that you do not need for 550 days

Investment profile for ICICI Pru FMP Series 53 – 18 Months Plan A


The prospectus does say that this FMP will invest in fixed income securities and debt instruments that mature on or before the maturity of the FMP. There is no fixed minimum percentage of investment in State or Central Government securities. However, since the FMP invests in unsecured securities, there is no guarantee of absolute returns

Entry and exit load for ICICI Pru FMP Series 53- 18 Months Plan A

Since this is a Fixed maturity plan or a close ended fund that will be listed in the market, there will be no entry or exit load for this scheme.

Double indexation benefit for ICICI Pru FMP Series 53- 18 Month Plan

This FMP scheme will enjoy double indexation benefits since the scheme spans across two financial years. This implies favorable tax treatment compared to a FD with a equivalent return. Please read FMPs vs FDs for a comparison for relative tax benefits

Open and close dates for ICICI Pru FMP Series 53

The open and close dates for ICICI Pru fixed maturity plan are 16 December and 23 December

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