ICICI Prudential Multiple Yield Fund - Series 4 - 1825 Days

Invest In Tax Saving Mutual Funds Online

Download Tax Saving Mutual Fund Application Forms

Buy Gold Mutual Funds

Call 0 94 8300 8300 (India)

ICICI Pru Multiple Yield Fund

WHAT IS IT:

 

ICICI Prudential Multiple Yield Fund Series 4 1825 Days Plan A is a close-ended hybrid debt-equity fund with a debt orientation and a five year tenure.

NFO PERIOD:

 

The NFO period is from May 17 to May 31 with a minimum subscription amount of Rs 5,000. Being a close-ended scheme, an investor can not buy from the mutual fund directly after the NFO closes.

SCHEME OBJECTIVE:

 

The primary objective of the scheme is to invest in a portfolio of debt securities.

The secondary objective is to generate long-term capital appreciation by investing a portion of the scheme's assets in equity and equity related instruments.

As per the scheme information document, on the debt side, the scheme will invest in a basket of permissible securities maturing on or before maturity with a view to hold them till maturity. The equity portion is aimed at attempting to give a boost to returns, although in theory and reality, it can also eat away into the returns investments.

 

ASSET ALLOCATION:

 

Indicative allocations are 6595 per cent in domestic debt securities including government securities, 0-30 per cent in money market instruments and cash and 5-35 per cent in equity or equity related securities.

 Since it is a five-year close ended hybrid product, with exit option on stock exchange only, which is as good as absent since there is zero liquidity in all exchange-listed close-ended mutual fund schemes, investors have to think twice before investing. Equity investment up to 35 per cent makes it attractive and risky at the same time, as the NAV will factor in advantages and disadvantages of both debt and equity. But it helps to remember that equity returns can be negative as well. Being a hybrid FMP with an equity exposure, there is an added uncertainty on how the fund manager will live up to the challenge of wild fluctuations in equities over a prolonged period.

An analysis of returns from Capitaline NAV database based on May 22 NAVs of un-expired hybrid close ended FMPs with a tenure of three years or more reveals seven schemes to have given a two-year CAGR of 7.13 per cent, while six comparable open-end monthly income plan schemes having equity exposure of over 20 per cent gave a higher two-year CAGR of 9.16 per cent.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

1. ICICI Prudential Tax Plan Invest Online
2. HDFC TaxSaver Invest Online
3. DSP BlackRock Tax Saver Fund Invest Online
4. Reliance Tax Saver (ELSS) Fund Invest Online
5. Birla Sun Life Tax Relief '96 Invest Online
6. IDFC Tax Advantage (ELSS) Fund Invest Online
7. SBI Magnum Tax Gain Scheme 1993 Invest Online
8. Sundaram Tax Saver Invest Online
9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

1. Largecap Funds Invest Online
1. DSP BlackRock Top 100 Fund
2. ICICI Prudential Focused Blue Chip Fund
3. Birla Sun Life Front Line Equity Fund
2. Large and Midcap Funds Invest Online

1. ICICI Prudential Dynamic Plan
2. HDFC Top 200 Fund
3. UTI Dividend Yield Fund
2. Mid and SmallCap Funds Invest Online

1. Reliance Equity Opportunities Fund
2. DSP BlackRock Small & Midcap Fund
3. Sundaram Select Midcap
4. IDFC Premier Equity Fund
3. Small and MicroCap Funds Invest Online

1. DSP BlackRock MicroCap Fund
4. Sector Funds Invest Online

1. Reliance Banking Fund
2. Reliance Banking Fund
5. Tax Saver MutualFunds Invest Online
1. ICICI Prudential Tax Plan
2. HDFC Taxsaver
3. DSP BlackRock Tax Saver Fund
4. Reliance Tax Saver (ELSS) Fund
6. Gold Mutual Funds Invest Online

1. Relaince Gold Savings Fund
2. ICICI Prudential Regular Gold Savings Fund
3. HDFC Gold Fund