ICICI Prudential Asset Management Company was formed between "Prudential, PLC" a leading financial services provider in UK and ICICI Bank which is the largest private sector bank in India.
They launched "ICICI Prudential Mutual fund" in India.
They have launched a lot of schemes for the past 8 years and also in the year 2010.
Here we shall discuss some of the best schemes launched by ICICI mutual fund investments.
ICICI Mutual fund SIP option is also available for the investors where you can invest a minimum amount every month, depending upon the prudential ICICI nav.
ICICI Prudential Long Term Floating Rate Plan: This fund is a debt fund which invest mainly in debt securities.
These investments have floating rate of interest.
Most of the rates are benchmarked to 1 year rate and the rest to short term rates.
You can apply for this scheme online.
ICICI Prudential Blended Plan: This fund primarily invest their money in a blend of equity and short term debt products which have very high credit quality.
This fund offers some benefits to the investors.
The investors are allowed to get involved in cash-future arbitrage.
This fund suits for the investors who are interested in short term investments.
ICICI Prudential Short Term Plan: A lot of investors keep a lot of money idle in their bank account for any urgent requirements that would arise.
But the requirement may not arise and the money would be idle for more time without any returns or interest.
For such money remaining idle, these type of schemes would be suitable.