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Short Term Fund - Debt Funds - ICICI Prudential

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

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