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Monthly Income Plan | Balanced Mutual Fund Scheme - ICICI Prudential Mutual Fund

ICICI Prudential Monthly Income Plan

Medium term investment in a portfolio of debt and equity(upto 15%) aiming for capital appreciation.

Investing has always meant seeking a stable, regular return. Although there are those who would sway towards leveraging the benefits of equity investing, several investors are focused on conservative growth and regular income.


However, inflation tends to impact conservative returns, so a limited exposure to equity has the potential to add a spark to your returns, while treading along cautiously.


ICICI Prudential Monthly Income Plan (MIP), (Monthly Income is not assured and is subject to availability of distributable surplus), an open-ended fund, is designed to be a low risk income-generating product for an investor who likes to earn the short term debt market return enhanced by a small equity component that does not significantly add to the risk of the portfolio.

Schemes - ICICI Prudential Monthly Income Plan

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

To generate regular income through investments primarily in debt and money market instruments. As a secondary objectve, the Scheme also seeks to generate long term capital appreciation from the portion of equity investments under the Scheme.

Key Features

Key Benefits

  • A core portfolio invested in debt provides stability to the investment.
  • Limited exposure to equity has the potential to spike up the returns.

Who should invest?

  • Medium term regular income solution
  • A hybrid fund that aims to generate regular income through investments in fixed income securities with an aim to make regular dividend payment and seek for long term capital appreciation by investing a portion in equity.
Scheme Features
Type An Open Ended Income Scheme. Monthly income is not assured and is subject to the availability of distributable surplus.
Underlying
ISIN
NSE Symbol & BSE Scrip ID
BSE Scrip Code
Pricing
Application size - Directly with AMC
Application size through NSE & BSE
Entry Load Not Applicable
Exit Load • If the amount, sought to be redeemed or switched out, is invested for a period of upto 1 year from the date of allotment 1%.
• If the amount, sought to be redeemed or switched out, is invested for a period more than 1year from the date of allotment - Nil.
Authorized Participant

Fund Manager

Equity: Rajat Chandak
Debt: Manish Banthia

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