DEBT FUNDS
Income Plan - Debt Funds - ICICI Prudential

ICICI Prudential Income Plan

The need to invest in fixed income instruments stems from a conservative outlook and a need to earn regular income. By investing in government and corporate bonds, investments intend to generate returns and are regarded as relatively safe investment instruments, when compared with equity.

ICICI Prudential Income Plan, an open-ended debt fund, is for those investors who seek to deploy part of their funds in fixed income products as a conscious investment option. It enables you to earn a total return made up of both interest income, and changes in the value of capital; a facility that comes only with debt funds that do not restrict themselves to generating merely interest income. As market interest rates change, the value of your portfolio also changes, creating a total return portfolio in debt securities.

Investment Philosophy

This debt fund invests entirely in both, short and long term debt securities of the Government and the corporate sector. Its objective is to earn a rate of interest that equals long term deployment in debt markets, to generate income for investors. The fund intends to minimize risks from liquidity, credit and interest rates in a balanced manner.

Key Benefits

  • A portfolio which strategically deploys funds in the debt markets as part of an overall asset allocation to fixed income securities.
  • Facilitates participation in markets that are large and institution-dominated.
  • Provides the potential to earn total return from both interest and capital gains

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • A Debt Fund that invests in debt and money market instruments of various maturities with a view to maximise income while maintaining optimum balance of yield, safety and liquidity.

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


Key Features

Type

Open-ended Debt Fund

Plan

Regular & Direct

Options

-

Default Option

Growth, Dividend: Dividend reinvestment with minimum available frequency

Application Amount

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

Min. Additional Investment

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

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

a)If units purchased or switched in from another scheme of the fund are redeemed or switched out within 7 days from the date of allotment - 1% of applicable NAV
b)If units purchased or switched in from another scheme of the fund are redeemed or switched out after 7 days from the date of allotment - Nil

Redemption Cheques Issued

Minimum Redemption Amt.

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

Systematic Investment Plan

Monthly : Minimum Rs.1,000 + 5 post - dated cheques for a minimum of Rs.1,000 each Quarterly : Minimum Rs. 5000 + 3 post - dated cheques of Rs. 5000 each.

Systematic Withdrawal Plan

Minimum of Rs.500 and in multiples of Re.1/-



Fund Manager

Manish Banthia - Managing this fund since September 2013 & 9 years of Experience.

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