ICICI Prudential Mutual Fund launches ICICI Prudential Retirement Fund

Mutual Fund
Feb 7, 2019 by Advisorkhoj Team | Mutual Fund | 10 Downloaded

NFO period: 07th February – 21st February, 2019

Highlights of the NFO:

  • Scheme type – An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

  • Investment objective – The investment objective of the scheme is to provide capital appreciation and income to the investors which will help to achieve retirement goals by investing in a mix of securities comprising of equity, equity related instruments, fixed income securities and other securities. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. Investment objectives of 4 investment plans under the scheme are as given below:

    • Pure Equity Plan: To generate long-term capital appreciation and income generation to investors from a portfolio that is predominantly invested in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the plan would be achieved.

    • Hybrid Aggressive Plan: An open ended hybrid scheme predominantly investing in equity and equity related securities to generate capital appreciation. The scheme may also invest in Debt; Gold/Gold ETF/units of REITs & InvITs and such other asset classes as may be permitted from time to time for income generation / wealth creation. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.

    • Hybrid Conservative Plan: To generate regular income through investments predominantly in debt and money market instruments. The Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme. However, there is no assurance or guarantee that the investment objective of the plan would be achieved.

    • Pure Debt Plan: To generate income through investing in a range of debt and money market instruments of various duration while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the plan would be achieved.

  • Product suitability –

    • Pure Equity Plan: The product is suitable for investors who are seeking long term wealth creation an equity scheme that predominantly by investing in equity and equity related securities.

    • Hybrid Aggressive Plan: The product is suitable for investors who are seeking long term wealth creation a Hybrid scheme that predominantly by investing in equity and equity related securities and shall also by investing in debt and other securities.

    • Hybrid Conservative Plan: The product is suitable for investors who are seeking medium to long term regular income a hybrid scheme that aims to generate regular income through by investing primarily in debt and money market instruments and long term capital appreciation by investing a portion in equity.

    • Pure Debt Plan: The product is suitable for investors who are seeking all duration savings a debt scheme that by investing in debt and money market instruments with a view to maximise optimum balance of yield, safety and liquidity.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Direct Plan having Growth Option and Dividend Option with Dividend Payout only

  • Fund Managers – Mr. Mrinal Singh and Mr. Ashwin (Equity portion), Mr. Manish Banthia & Mr. Anuj Tagra (Debt portion), Ms. Priyanka Khandelwal (Overseas investments)

  • Benchmark –

    • Pure Equity Plan: NIFTY 500 Index

    • Hybrid Aggressive Plan: CRISIL Hybrid 35+65 - Aggressive Index

    • Hybrid Conservative Plan: NIFTY 50 Hybrid Composite Debt 15:85 Index

    • Pure Debt Scheme: NIFTY Composite Debt Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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