ICICI Prudential Ultra Short Term Plan
Investment Objective
To generate regular income through investments in a basket of debt and money market instruments of very short maturities with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.
Key Benefits
- Investors seeking safety and liquidity, while earning stable and competitive returns, in a scenario where it is difficult to forecast the future interest rate outlook.
- Reduced interest rate risk of longer term instruments.
This product is suitable for investors who are seeking* :
- Short term savings solution
- A
Debt Fund that aims to generate regular income by investing in debt and money market instruments of very short maturities.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Key Features
Type
An Open-ended Income Fund
Plan
ICICI Prudential Ultra Short Term Plan
ICICI Prudential Ultra Short Term Plan-Direct Plan
Options
Growth Option and Dividend Option with Dividend Payout and Reinvestment
Default Option
Growth Option
Application Amount
Rs.5000 (plus in multiples of Rs.1)
Min. Additional Investment
Rs.1000 (plus in multiples of Re.1)
Entry Load
Not Applicable
Exit Load
Nil
Minimum Redemption Amt.
500/- or all units where amount is below 500/-
Systematic Investment Plan
Available
Systematic Transfer Plan
Available , Flex and Value STP also available
Systematic Withdrawal Plan
Available