ICICI Prudential Mutual Fund Files Draft for ICICI Prudential CRISIL-IBX AAA Financial Services Index – Dec 2026 Fund

The suggested ICICI Prudential CRISIL-IBX AAA Financial Services Index—Dec 2026 Fund is a target maturity index fund that aims to follow the performance of the CRISIL-IBX AAA Financial Services Index. Its objective is to provide consistent returns by investing in AAA-rated bonds from financial institutions. This fund is set to mature in December 2026, making it an appropriate choice for investors looking for a medium-term investment option.

The CRISIL-IBX AAA Financial Services Index: December 2026 Fund Overview

ICICI Prudential Mutual Fund has submitted an offer document to SEBI to introduce an open-ended equity scheme called the ‘ICICI Prudential CRISIL-IBX AAA Financial Services Index—Dec 2026 Fund.’ This fund is an open-ended target maturity index fund that will invest in the components of the CRISIL-IBX AAA Financial Services Index (Dec 2026). It carries moderate interest rate risk and a comparatively low credit risk. The price for the New Fund Offer is set at Rs 10, and there will be no entry load applied.

The exit load will be 0.25% of the relevant net asset value if the redemption or switch occurs within 30 days of allotment, and there will be no charge if the redemption or switch happens after 30 days. The scheme provides both a Growth Option and an Income Distribution Cum Capital Withdrawal Option for investors and aims to raise a minimum target amount of Rs 10 crore.

Performance 

The scheme’s performance is measured against the CRISIL-IBX AAA Financial Services Index for December 2026. Its goal is to follow the performance of AAA-rated issuers in the financial services sector that mature on or before December 31, 2026. The minimum investment requirement is Rs 1,000, with increments of Rs 1 thereafter.

The investment aim of the scheme is to replicate the CRISIL-IBX AAA Financial Services Index—Dec 2026 by investing in securities that mature on or before December 2026, taking into account potential tracking errors.

Objective of the Fund

The main goal of this fund is to generate returns that align closely with the overall returns of the CRISIL-IBX AAA Financial Services Index, keeping tracking errors in mind. It seeks to offer consistent returns with minimal credit risk by exclusively investing in AAA-rated securities.

Conclusion

The ICICI Prudential CRISIL-IBX AAA Financial Services Index—Dec 2026 Fund presents a distinctive opportunity for investors looking for stable and consistent returns in a low-risk setting. Its association with a thoroughly researched index guarantees transparency and dependability, while its target maturity framework offers clarity for goal-driven planning.

For individuals in search of a medium-term investment that prioritizes capital preservation and tax efficiency, this fund is certainly worth considering. As with any investment decision, it’s recommended to seek guidance from a financial advisor to ensure it aligns with your financial goals.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.