ICICI Prudential Short Term Fund - Growth Option

ICICI Prudential Short Term Fund - Growth Option is a scheme launched by ICICI Mutual Fund on October 25, 2001, and falls under the Short Duration fund category. It currently manages an AUM of Rs 22,155.52 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 1.02% for managing the portfolio.

• Investing Strategy:

  To generate income through investments in a range of debt and money market instruments while maintaining the optimum balance of yield, safety and liquidity. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

• Performance:

  ICICI Prudential Short Term Fund - Growth Option trailing returns over different times are 8.16% (1 year), 7.62% (3 year) and 6.51% (5 year). The average annual return of this fund stands at 5.89%.