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

Himadri Buch @himadribuch

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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