ICICI Prudential Mutual Fund Launches Retirement Fund NFO

ICICI Prudential Mutual Fund has launched a New Fund Offer (NFO) for ICICI Prudential Retirement Fund. The NFO period begins on February 7, 2019 and will end on February 21, 2019. The open-ended scheme aims to help its investors accomplish their retirement goals by providing capital appreciation and income to them. Being a solution oriented mutual fund scheme as per SEBI classification, the ICICI Prudential Retirement Fund features a lock-in period of 5 years. Thus, any investment in this fund can be redeemed only after completion of 5 years from the date of allotments of its units to its investors.

Asset Allocation of ICICI Prudential Retirement Fund

The retirement solution oriented scheme is available in 4 investment plans which differ on the basis of asset allocation:

• Pure Equity Plan

• Hybrid Aggressive Plan

• Hybrid Conservative Plan

• Pure Debt Plan

The benchmarks of the 4 investment plans of the ICICI Prudential Retirement Fund are as follows:

The returns generated by the above-mentioned benchmark indices are as under:

(Source: NSE)

Note: The Scheme Information Document of ICICI Prudential Retirement Fund does not specify which specific NIFTY Composite Debt Index will be used to benchmark the Pure Debt Plan. Thus, the 1 year returns of the Pure Debt Plan’s benchmark index have not been included above.

Fund Managers of ICICI Prudential Retirement Fund

The equity portion of the ICICI Prudential Retirement Fund will be managed by Mr. Mrinal Singh and Mr. Ashwin Jain, whereas the debt portion of the scheme will be managed by Mr. Manish Banthia and Mr. Anuj Tagra.

Key information about the ICICI Prudential Retirement Fund NFO

Other Funds by ICICI Prudential Asset Management

{Data as on Feb 19, 2020; Source: Value Research}