Moneycontrol
Oct 12, 2017 11:58 AM IST | Source: Moneycontrol.com

ICICI Prudential Mutual Fund winds up quarterly interval plan

The scheme has been terminated as the scheme did not meet the criterion for minimum assets under management

ByHimadri Buch
ICICI Prudential Mutual Fund winds up quarterly interval plan

Himadri Buch

Moneycontrol News

ICICI Prudential Mutual Fund has wound up ICICI Prudential Interval Fund II - Quarterly Interval Plan D with effect from October 10.

The scheme has been terminated as the scheme did not meet the criterion for minimum assets under management, the fund house said in a notice.

According to the Securities and Exchange Board of India guidelines, all open-ended debt-oriented schemes have to maintain a minimum 200-mln-rupee worth of assets under management at all times.

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