ICICI Prudential Short Term Fund
Sometimes we overestimate our need to have instant access to our money. This leads to our hard earned money lying idle in the bank account, while we keep planning to deploy our money in a way that will earn higher interest. At the same time we may not want to lock our money into a long term investment because we might require it in the near future.
ICICI Prudential Short Term Plan, an open-ended income fund, is designed for such short-term requirement, as it enables deploying of funds for shorter periods of time, from 3 to 6 months, to generate regular income while cautiously monitoring the rate of interest.
Schemes - ICICI Prudential Short Term Fund
-
Real Time NAV
-
Closing NAV
Investment Philosophy
To generate income through investments in a range of debt
and money market instruments while maintaining the
optimum balance of yield, safety and liquidity.
However, there can be no assurance or guarantee that the
investment objective of the Scheme would be achieved.
Key Features
Key Benefits
- It enables participation in short term debt market, which is a large scale institutional market.
- It enables appropriate matching of the investor's time horizon; funds which are not required for a short term need not be kept as liquid cash only.
Who should invest?
- Short term income generation and capital appreciation solution
- A debt fund that aims to generate income by investing in a range of debt and money market instruments of various maturities.
| Scheme Features | |
|---|---|
| Type | An open ended short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 1 Year and 3 Years (please refer to investment strategy) |
| 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 units purchased or switched in from another scheme of ICICI Prudential Mutual Fund are redeemed or switched out within 7 days from the date of allotment – 0.25% of the applicable NAV ● If the units purchased or switched in from another scheme of ICICI Prudential Mutual Fund are redeemed or switched out after 7 days from the date of allotment – NIL |
| Authorized Participant | |
Fund Manager
Manish Banthia
