What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

ICICI Prudential MIP (MD) - Investment Information

Hybrid
Conservative
Moderate High

Save

₹12.36 (0%)
Current NAV 25-05-2018
-2.05%
Returns
Min. SIP ₹1000

Min. Investment ₹5000

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Overview Returns Risk Portfolio Investment Details

Fund Suitability Test

Investment Objective

Prudential ICICI Monthly Income Plan is an open-ended income fund with no assured returns. The objective of the scheme is to generate regular income through investments in fixed income securities so as to make monthly/quarterly/half-yearly dividend distribution to Unitholders seeking the Dividend Option. The secondary objective of the scheme is to generate long-term capital appreciation by investing a portion of the schemes assets in equity and equity related instruments.

Basic Details

Key Information About Investing Details.

CategoryConservative
KRACAMS
Inv. PlanDividend
Launched In10-Nov-00
BenchmarkCRISIL MIP Blended Fund
Fund TypeOpen Ended
Fund HouseICICI Prudential Mutual Fund

Investment Details

Check the Fund’s General Information

Fund size