Presenting ICICI Prudential Target Returns Fund - Predecide the investment objectives… Review your investments from time to time… Rebalance your portfolio to get optimum returns… There is no guarantee or assurance of returns given by this fund, it, however, intends to enable investors to pre-set their investment objectives and allows them to exit equities or re-balance the investment to preset debt funds, once their investment objectives are met.
The fund will utilize fundamental analysis for individual security selection with a view to invest in equities of companies that are highly liquid, with large market capitalization.
Product features:
- Range of triggers to choose from — 12%, 20%, 50%, or 100%
- Switch options — (a) entire investment along with the appreciation, (b) Only the appreciation. Initial investment can stay in the fund to earn potential returns by crossing further triggers from the recently achieved trigger.
- Current choice of 4 debt schemes to switch into — Liquid Plan, Floating Rate Plan, Short Term Plan, and Income
Minimum application amount:
- Retail investors = Rs 5,000
- Institutional investors = Rs 1,00,000
Unit price of Rs 10 plus applicable load. HURRY! NFO closes on MAY 14.
