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Ultra Short Term Plan | Debt Mutual Fund Schemes - ICICI Prudential Mutual Fund

ICICI Prudential Ultra Short Term Plan

Medium term investment seeking returns linked to fixed income markets, without taking significant price risk.

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 Ultra 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 Ultra Short Term Plan

  • Real Time NAV

  • Closing NAV

     

Investment Philosophy

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 Features

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.

Who should invest?

  • 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.
Scheme Features
Type An Open-ended Income Fund
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 Nil
Authorized Participant

Fund Manager

Rohan Maru, Chandni Gupta and Rahul Goswami

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