ICICI Pru MF’s Regular Savings NFO

ICICI Prudential Mutual Fund has launched its ICICI Prudential Regular Savings Fund,an open-ended income fund.

It is a portfolio of fixed income securities that caters to investors with a focus on earning superior levels of yield at lower level of risks.

The fund intends to provide reasonable returns,by maintaining an optimum balance of safety,liquidity and yield,through investments in a basket of debt instruments with a view to delivering consistent performance,a press release issued here today stated.

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The fund helps individuals to allocate money into debt investments,either lump-sum or regularly via SIPs by providing an investment avenue which focuses on accrual income,limits volatility,invests in investment grade fixed income securities across the yield curve and strives for healthy yields for a 18-24-months plus investment horizon.

Commenting on the launch,ICICI Prudential Asset Management’s Managing Director,Nimesh Shah,said,”through this product,ICICI Prudential AMC aspires to draw retail investors towards the debt market. Debt mutual funds facilitate an important asset allocation need of investors,contributing to their objective of wealth creation and in some cases for regular income where needed.

Our industry today hardly has alternatives for retail investors to participate in the debt market and get a good yield on their long-term debt investments without compromising on stability and liquidity — while this seems like a simple idea,the fact is that there are hardly any such funds available.”