ICICI Prudential Mutual Fund has launched a new fund named as ICICI Prudential Interval Fund Series - IX - 185 Days Plan F, a debt oriented interval scheme. The tenure of the scheme is 185 days from the date of allotment. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 19 March 2019 to 25 March 2019.

The investment objective of the Scheme is to seek to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities maturing on or before the opening of the immediately following Specified Transaction Period (STP).

Presently, two options are available under the scheme viz. cumulative and dividend option (with dividend payout & dividend transfer plan facility).

The scheme will invest upto 100% of assets in money market and debt instruments including government securities with low to medium risk profile.

The minimum application amount is Rs 5000 and in multiples of Rs 10 thereafter.

The minimum additional investment amount is Rs 1000 and in multiples of Rs 10 thereafter.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Entry load and exit load charge are not applicable for the scheme.

Benchmark Index for the scheme is CRISIL Ultra Short Term Debt Index.

The fund managers of the scheme are Rahul Goswami and Rohan Maru.