ICICI Prudential MF plans to launch ICICI Prudential Retirement Fund Series. An Open ended asset allocation Fund. The primary objective of the Scheme is to seek to provide a proper mix of stability and growth by changing the asset mix as the "target retirement year" arrives. The Scheme seeks to provide capital appreciation and current income consistent with its current asset allocation.
The fund offers 4 plans under the scheme namely, ICICI Prudential Retirement Fund Series - 2015 Plan, 2020 Plan, 2025 Plan, 2030 Plan. Investors under the Scheme may choose between a Growth Option and Dividend Option under all plans under the Scheme. Growth Option will be the default option. Dividend Option will have only dividend reinvestment facility.
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