ICICI Prudential Corporate Bond Fund introduces SWP

ICICI Prudential Mutual Fund announces introduction of Systematic Withdrawal Plan (SWP) at quarterly frequency in ICICI Prudential Corporate Bond Fund

September 03, 2013 / 10:19 IST

ICICI Prudential Mutual Fund has announced introduction of Systematic Withdrawal Plan (SWP) at quarterly frequency in ICICI Prudential Corporate Bond Fund, with effect from August 31, 2013.

Accordingly Investors/unitholders can opt to withdraw a specified amount subject to minimum of Rs 500 and in multiples of Re 1 at quarterly frequencies from the scheme.

ICICI Prudential Corporate Bond Fund is an open-ended debt scheme. The objective is to generate income through investments in a range of debt and money market instruments of various maturities with a view to maximizing income while maintaining the optimum balance of yield, safety and liquidity.

first published: Aug 29, 2013 03:27 pm

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