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 Banking and PSU Debt Fund - Weekly IDCW

ICICI Prudential Banking and PSU Debt Fund - Investment Information

Debt
Banking and PSU
Average

Save

₹10.24 (0%)
Current NAV 16-09-2022
-0.25%
Returns
Min. SIP ₹100

Min. Investment ₹500

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Overview Returns Risk Portfolio Investment Details

Fund Suitability Test

Investment Objective

The Scheme seeks to generate regular income through investments in a basket of debt and money market instruments consisting predominantly of securities issued by entities such as Banks and Public Sector Undertakings (PSU) with a view to providing reasonable returns, while maintaining an optimum balance of safety, liquidity and yield.

Basic Details

Key Information About Investing Details.

CategoryBanking and PSU
KRACAMS
Inv. PlanDividend
Launched In01-Jan-10
BenchmarkCRISIL Banking and PSU Debt
Fund Type
Fund HouseICICI Prudential Mutual Fund

Investment Details

Check the Fund’s General Information

Fund size