ICICI Prudential Retirement Fund: NFO of ICICI Prudential Mutual Fund

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:-

  1. Pure Equity Plan,
  2. Hybrid Aggressive Plan,
  3. Hybrid Conservative Plan, and
  4. 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).

ICICI Prudential Retirement Fund

 

According to ICICI Prudential, the Pure Equity Plan will be beneficial to the investors who want the following on their investments:-:-

  1. Long term wealth creation, and
  2. 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:-:-

  1. Long term wealth creation, and
  2. 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:-

  1. Medium to long term regular income, and
  2. 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:-:-

  1. All duration savings, and
  2. 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. 

Follow us on Facebook, LinkedIn, and Twitter to get the latest posts.

Tags: #NFO #Mutual Fund #New Mutual Fund #ICICI Prudential NFO #New Fund Offer #Retirement Fund #ICICI Mutual Fund

Leave a Reply

Your email address will not be published. Required fields are marked *