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ICICI Prudential Mutual Fund has closed down, ICICI Prudential Fixed Maturity Plan-Series 75-Plan T (1,100 Days) with immediate effect.
As per SEBI’s norm, all open-ended and debt-oriented schemes have to maintain minimum Rs.20 crore worth of assets under management at all times.
According to a notice, ICICI Prudential Fixed Maturity Plan-Series 75-Plan T (1,100 Days) has been closed, as it was not able to maintain the minimum assets under management during the rollover process.
