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 (G) - Investment Information

Hybrid
Conservative
Status: Closed

About This Fund

ICICI Prudential MIP (G) 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.

Investment Details

Fund size

₹NaN Cr.

Min. Investment

₹5,000

Min. Sip Inv.

₹1,000

Min. Addl Inv.

Expense Ratio

1.21% (As on Apr 30, 2018)%

Turn over

Exit Load

1% for 365 days

Basic Details

AMC Information

All Funds from ICICI

AMC

ICICI Prudential Mutual Fund

enquiry@icicipruamc.com

Office No

022-26525000

Website

https://www.icicipruamc.com

Address

One BKC, 13th Floor, Bandra Kurla Complex, Mumbai 400051

All Funds from ICICI

Monthly SIP

One Time

SIP Amount

₹

Monthly SIP Date

Fund Suspended: Currently this fund is not available for Investments.

ICICI Prudential MIP (G)

Suitabilty Test For Finding this Fund is Suitable or Not for User.

Is This Mutual Fund Right for You?

+10k investors used our Suitability Test to get better returns

Fund Suitability Test

Let's Get Started.

Need Help? Let’s Connect

Frequently Asked Questions

Everything You Need To Know To Get Started With Confidence

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.