ICICI Prudential Retirement Fund: New Fund Offer (NFO) of ICICI Prudential Mutual Fund named “ICICI Prudential Retirement Fund” is being issued during 07-February-2019 to 21-February-2019.
There are four plans being offered under this scheme:-
- Pure Equity Plan,
- Hybrid Aggressive Plan,
- Hybrid Conservative Plan, and
- Pure Debt Plan
All of the above plans have a lock-in period of 5 years or till the retirement age of Investor (or whichever is earlier).
According to ICICI Prudential, the Pure Equity Plan will be beneficial to the investors who want the following on their investments:-:-
- Long term wealth creation, and
- An equity scheme that predominantly invests in equity and equity-related securities.
The Hybrid – Aggressive Plan will be beneficial to the investors who want the following on their investments:-:-
- Long term wealth creation, and
- A Hybrid scheme that predominantly invests in equity and equity-related securities and shall also invest in debt and other securities.
The Hybrid – Conservative Plan will be beneficial to the investors who want the following on their investments:-
- Medium to long term regular income, and
- A hybrid scheme 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.
The Pure Debt Plan will be beneficial to the investors who want the following on their investments:-:-
- All duration savings, and
- A debt scheme that invests in debt and money market instruments with a view to maximising the optimum balance of yield, safety and liquidity.
About ICICI Prudential Retirement Fund NFO
| Name of the Scheme | ICICI Prudential Retirement Fund |
|---|---|
| Fund House | ICICI Prudential Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Solution-Oriented Fund |
| Issue Starts | 07-February-2019 |
| Issue Closes | 21-February-2019 |
| NFO Unit Price | Rs 10 per unit |
| Minimum Investment | Rs 5000 |
| Entry Load | No |
| Exit Load | Nil |
| Investment Manager | ICICI Prudential Asset Management Company Limited |
(Read: NFO: New Fund Offer of Mutual Funds)
Investment Objectives of ICICI Prudential Retirement Fund
According to the fund house, the investment objectives of 4 plans of the scheme are as follows:-
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.
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.
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.
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.
Proposed Asset Allocation of ICICI Prudential Retirement Fund
The proposed asset allocation of all the plans of the scheme is given as follows:
Pure Equity Plan
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | High/ Medium/ Low | |
| Equity & Equity related instruments | 100 | 80 | Medium to High |
| Debt and Money market instruments | 20 | 0 | Low to Medium |
Hybrid Aggressive Plan
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | High/ Medium/ Low | |
| Equity & Equity related instruments | 100 | 65 | Medium to High |
| Debt and money market instruments | 35 | 0 | Medium to High |
| Gold, Gold ETFs, REITs and INVITs and any other security permitted by SEBI from time to time(subject to applicable limits) | 35 | 0 | Low to Medium |
Hybrid Conservative Plan
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | High/ Medium/ Low | |
| Debt Securities, money market instruments | 95 | 70 | Low to Medium |
| Equity & Equity related instruments | 30 | 5 | Medium to High |
| Units issued by REITs and InvITs | 10 | 0 | Medium to High |
Pure Debt Plan
| Instruments | Indicative allocations (% of total assets) |
Risk Profile | |
|---|---|---|---|
| Maximum | Minimum | High/ Medium/ Low | |
| Debt Securities, money market instruments | 100 | 0 | Low to Medium |
| Units issued by REITs and InvITs | 10 | 5 | Medium to High |
About ICICI Prudential Mutual Fund
ICICI Prudential is the largest asset management company in India based on its Asset under Management (AUM). This fund house was founded in June 1993 as a joint venture between ICICI Bank of India and the Prudential Plc of UK. Prudential Plc is one of the largest financial service companies of UK and operates also in Asia and the United States.
This company operates from over 200 locations with having 1913 employees and more than 3 million investors. As of 30-Sep-2018, the company has Rs 310257.46 crore as Asset under management (AUM).
Address (Registered Office): 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi – 110 001.
Corporate Office: One BKC 13th Floor, Bandra Kurla Complex, Mumbai – 400051.
Website: www.icicipruamc.com
(Read: NFO: New Fund Offer of Mutual Funds)
Please click here to read the scheme related document.
Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing. It is also advised to consult your financial advisor of necessary suggestions.
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Tags: #NFO #Mutual Fund #New Mutual Fund #ICICI Prudential NFO #New Fund Offer #Retirement Fund #ICICI Mutual Fund
