ICICI Prudential Retirement Fund – NFO Starts Feb-7-2019
The NFO will open on February 07 and will close on February 21.
ICICI PRUDENTIAL RETIREMENT FUND :
An open ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)
ICICI Prudential Retirement Fund – All You Need To Know
The best time to plan for your retirement is when you are young and working. Investing in a long-term mutual fund schemes enable in building a good retirement corpus. It also gives flexibility of Systematic Withdrawal Plan (SWP) to meet regular cash flow needs, post retirement,” says Nimesh Shah, MD & CEO, ICICI Prudential AMC.
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.
PLANS/ OPTIONS AVAILABLE UNDER THE INVESTMENT PLANS UNDER THE SCHEME:
Plans :
ICICI Prudential Retirement Fund -Direct Plan and
ICICI Prudential Retirement Fund
Options/sub-options :
Growth Option and Dividend Option with Dividend
Payout only
Default Option :
Growth Option
