ICICI Prudential mutual fund has launched ‘ICICI Prudential Regular Savings Fund,’ an open-ended income fund.
It is a portfolio of fixed income securities that caters to investors with a focus on earning superior levels of yield at lower level of risks. The fund intends to provide reasonable returns, by maintaining an optimum balance of safety, liquidity and yield, through investments in a basket of debt instruments with a view to delivering consistent performance.
The fund helps individuals to allocate money into debt investments either lump-sum or regularly via SIPs by providing an investment avenue, with a focus on accrual income, volatility; non-gilt issuances, investment grade fixed income securities across the yield curve and healthy yields for a 18 to 24 months plus investment horizon.