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 Savings Fund B - Weekly Dividend Payout - Investment Information

Debt
Ultra Short Duration
Status: Closed

About This Fund

ICICI Prudential Savings Fund B - Weekly Dividend Payout The scheme aims to generate income consistent with the prudent risk from a portfolio comprising substantially of floating rate debt instruments, fixed rate debt instruments swapped for floating rate return, and also fixed rate instruments and money market instruments.

Investment Details

Fund size

₹7,195.72 Cr.

Min. Investment

₹5,000

Min. Sip Inv.

₹1,000

Min. Addl Inv.

Expense Ratio

0.52(As on Aug 31, 2017)%

Turn over

Exit Load

1% for redemption within 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 Savings Fund B - Weekly Dividend Payout

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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.