ICICI Prudential Mutual Fund to Launch CRISIL-IBX AAA Bond Financial Services Index Dec 2026 Fund

ICICI Prudential has launched its CRISIL-IBX AAA Bond Financial Services Index – Dec 2026 Fund, an open-ended index fund that aims to track the CRISIL-IBX AAA Financial Services Index – Dec 2026. 

This fund is designed to invest in securities maturing on or before December 2026, offering investors a low to moderate-risk option for financial growth. The fund opened for subscription today, on January 17, 2025, and will close on January 24, 2025, with allotment on the same closing day.

Key Features and Investment Plans

The fund comes in two plans: Direct Plan and Regular Plan, with investment options of Growth and IDCW (Income Distribution cum Capital Withdrawal). Investors can start with a minimum investment of ₹1,000, making it accessible to a wide audience. 

As per SEBI guidelines, a 0.005% stamp duty will be levied on all purchases, including SIP, STP, lump sum, and dividend reinvestment.

Exit Load and Risk Assessment

The fund has an exit load of 0.25% of the sell value if redeemed within 30 days, while no exit load applies after the first 30 days. Rated as low to moderate risk, it is ideal for investors seeking stable returns with limited exposure to market volatility.

Fund Management and Objectives

The fund is managed by Darshil Dedhia and Rohit Lakhotia, with its primary objective being to track the index efficiently while minimising tracking errors. This approach will help with a consistent alignment with the performance of AAA-rated financial services securities maturing by December 2026.

Additional Details

The AUM (Assets Under Management) of ICICI Prudential stands at ₹901,000.4 crore as of December 31, 2024, showing the trust of its vast investor base. The fund registrar is Computer Age Management Services Pvt. Ltd., with investor services handled by Mr. Rajen Kotak.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing