ICICI Prudential MIP (G)

ICICI Prudential MIP (G) is a scheme launched by ICICI Mutual Fund on November 10, 2000, and falls under the Conservative fund category. It currently manages an AUM of Rs NaN crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 1.21% (As on Apr 30, 2018)% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  ICICI Prudential MIP (G) trailing returns over different times are NA% (1 year), NA% (3 year) and NA% (5 year). The average annual return of this fund stands at NA%.