Interval funds losing sheen
On September 1, 2017, ICICI Prudential AMC announced the winding up of all its interval funds with assets under management (AUM) of below ₹20 crore. Of the 14 interval funds under the ICICI Pru AMC, there are nine funds with AUM of below ₹20 crore. This move to wind up the schemes is in line with the mandate of the Securities and Exchange Board of India (SEBI), that all debt-oriented schemes ha...
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