ICICI Prudential Monthly Income Plan Direct Plan Growth

ICICI Prudential Monthly Income Plan Direct Plan Growth is a Hybrid Mutual Fund Scheme launched by ICICI Prudential Mutual Fund. This scheme was made available to investors on 12 Oct 1993. Rajat Chandak, Manish Banthia is the Current Fund Manager of ICICI Prudential Monthly Income Plan Direct Plan Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,70,644 Cr and the Latest NAV as of 25 May 2018 is ₹49.78. The ICICI Prudential Monthly Income Plan Direct Plan Growth is rated Moderate risk. Minimum SIP Investment is set to ₹1,000. Exit load of 1% if redeemed within 1 year ;

Investment Objective

The scheme seeks to provide reasonable regular returns and long-term capital appreciation with a pre-dominant exposure to debt instruments. Under normal circumstances, 85 per cent of the corpus will be invested in debt instruments while exposure to equities will be at 15 per cent. ;