Liquid Plan - Debt Funds - ICICI Prudential
ICICI Prudential Liquid Plan
There are times when we need our money to be easily accessible and safe, for planned or unforeseen events. We can achieve this security and liquidity by depositing our funds in a bank account, but the interest that we would earn would most often than not be quite low.
ICICI Prudential Liquid Plan, an open-ended liquid income fund, offers a potentially rewarding parking facility for short-term, idle cash. It provides the flexibility of withdrawing cash as and when required, and proves to be an investment through its earnings, while it is parked in the fund.
This debt funds objective is to enable idle cash to be deployed for very short periods of time. Therefore, it seeks to invest only in very liquid, short term instruments, of the highest credit quality. The intent is to protect the portfolio from risks of changes in value, by focusing on earning interest income, without taking undue risks. The portfolio is entirely made up for short term debt securities and manages to keep a low, but steady rate of growth in its Net Asset Value (NAV).
- It enables efficient and fruitful deployment of idle cash.
- This plan ensures a high level of liquidity and flexibility to access cash invested at a days notice.
- It offers a low risk option to invest in mutual funds.
This product is suitable for investors who are seeking* :
- Short term savings solution
- A liquid fund that aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Open-ended Liquid Income Fund
Regular & Direct
Dividend Reinvestment with weekly frequency.
Rs.5000 (plus in multiples of Rs.1)
Min. Additional Investment
Rs.1000 (plus in multiples of Re.1)
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.
Redemption Cheques Issued
Minimum Redemption Amt.
Rs.500 (plus in multiples of Re.1)
Systematic Investment Plan
Systematic Withdrawal Plan