ICICI Prudential AMC proposes to rollover three FMPs to negate M2M impact

Move will also give investors indexation benefit on long-term capital gains

ICICI Prudential Asset Management Company (AMC) has proposed to extend the maturity date of three fixed maturity plans (FMPs). The fund house joins peers such as Nippon Life India AMC and Aditya Birla Sun Life AMC to extend the maturity of their closed-end funds.

ICICI Prudential AMC in its notice cum addendum on May 15 stated that it proposed to roll over its three schemes namely:

1. ICICI Prudential Fixed Maturity Plan-Series 82-1,185 Days Plan M

2. ICICI Prudential Fixed Maturity Plan-Series 82-1,175 Days-Plan Q and

3. ICICI Prudential Fixed Maturity Plan-Series 82-1,215 Days Plan H.

Units of these three schemes were