ICICI MF Rolls Out Quarterly Interval Fund

ICICI MF has launched a new fund called ICICI Prudential Interval Fund Series II Quarterly Interval Plan E and it is a debt oriented interval scheme. The objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments. The fund will invest 0%-30% in money market instruments. The fund will invest 30%-100% in government securities issued by central &/or state government and other fixed income/ debt securities. The debt securities may include securitised debt up to 70% of the portfolio and derivative instruments to the extent of 50% of the net asset of the scheme.