BALANCED FUNDS
MIP 25 - Balanced Mutual Funds - ICICI Prudential

ICICI Prudential MIP 25

Although there are those who would like to leverage the benefits of equity investing, several investors are focused on conservative growth and regular income. This is reflected through portfolio's that are predominantly invested in fixed income securities.


However, these investors have the option add a 'spark' to their returns, by looking for a measured and limited exposure to equity.


ICICI Prudential Income Multiplier Fund, an open-ended debt fund that invests upto 30% in equity, adds a pinch of equity to your debt portfolio, so that you can benefit from the dynamism of equity markets, with peace of mind.

Investment Philosophy

This fund predominantly invests in a debt portfolio that is conservatively managed with a focus on generating regular income. The objective is to keep interest rate risks and credit risks low. The debt component is about 70% of the portfolio, and can be upped to 100% should there be a need. To the basic debt portfolio, equity exposure of a maximum 30% is added, to enable the portfolio to benefit from a conscious, but small allocation to equity. The equity portfolio is diversified, and is made up of large, well established stocks that are chosen for their fundamental worth.

Key Benefits

  • A core portfolio invested in debt provides stability to the investment.
  • Provides limited exposure to equity that has the potential to spike up the returns generated from the basic debt portfolio.

This product is suitable for investors who are seeking* :

  • Medium term regular income solution
  • A hybrid fund that aims to generate regular income through investments primarily in debt and money market instruments and long term capital appreciation by investing a portion in equity.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Income Fund

Plan

Regular & Direct

Options

Default Option

Growth

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil.

Exit Load

• If units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units within 1 Year from the date of allotment - Nil.
• If units purchased or switched in from another scheme of the Fund are redeemed or switched out more than 10% of units within 1 Year from the date of allotment - 1% of applicable Net Asset Value (NAV)
of the applicable Net Asset Value (NAV).
• If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year from the date of allotment - NIL.
w.e.f 10-11-15

Redemption Cheques Issued

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Min Rs. 1000 + 5 post - dtd cheques for a minimum of Rs.1000 each Quarterly: Minimum Rs. 5000 + 4 post - dated cheques of Rs. 5000 each. Exit Load: (w.e.f. 24-08-09): (a) If the amount, sought to be redeemed or switched out, is invested for a period of upto fifteen months ? 1%; (b) If the amount, sought to be redeemed or switched out, is invested for a period of more than fifteen months from the date of allotment - Nil.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiples of Re1/-



Fund Manager

Mr. Rajat Chandak

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