Do you know how to get Monthly Returns?
As all of us know, mutual fund investments generate returns when the schemes perform well. But there are some schemes that generate monthly returns by investing in fixed income securities and similar investments. ICICI Prudential Mutual Fund which is a joint venture company between ICICI Bank and Prudential INC which is one of the largest Financial Player in UK has launched a Monthly Income plan for the investors.
NFO Details:
Name of the Scheme: ICICI Prudential Monthly Income Plan
NFO Issue Open Date: 14th April, 2011
NFO Issue Close Date: 27th April, 2011
Offer Price: Rs 10 per unit
Entry Load: NIL
Exit Load: NIL (if the investments are redeemed after 1 year from the date of investment)
1 % (if the investments are redeemed within 1 year from the date of Investment)
Systematic Investment Plan: Yes
Online Investment Option: Available
Happy Investing!!
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
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