ICICI Prudential Floating Interest Fund

The ICICI Prudential Floating Interest Fund Direct Plan-Growth is a specialised Floater mutual fund, managed by the reputed ICICI Prudential Mutual Fund. Structured as an open-ended low-duration debt scheme, its investments are strategically chosen to maintain a Macaulay duration ranging from 6 months to 12 months. Preserving capital, this fund offers investors a shield against volatile market fluctuations. This fund offers flexibility with no binding lock-in period.

At the heart of the ICICI Prudential Floating Interest Fund, Direct Plan-Growth's strategy is its goal to generate consistent income. This is primarily achieved through investments in floating-rate instruments. The scheme, while pursuing yield, doesn't sideline the imperative of ensuring safety and liquidity. However, potential investors should be cognizant of the fact that, like all mutual funds, the scheme's objectives are subject to market risks and there is no absolute guarantee of achieving the set objectives.

The fund is tailored for those who have a medium-term investment horizon, spanning from 1.5 to 3 years or longer. Ideally suited for individuals who are inclined towards less volatile assets, the fund stands as an intermediary choice between high-risk equity funds and ultra-safe fixed deposits. If you are someone who wishes to see your wealth grow over a longer duration and yet prioritise safety, this fund might align with your financial goals. However, talk to your financial advisor and do your own research before making a decision.

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