Investing in the power of equities can take you to monumental heights as far as accumulating the corpus is concerned. Such corpus gives you much headroom to live smoothly in the age of inflation. Yes, all that is true. But also true is the fact that equity investments come with a greater degree of risk. There can be individuals having a lesser risk appetite and they would want to invest in an asset that can provide stable returns. The investments for them are fixed deposits, recurring deposits and debt mutual funds. The latest of them is the most beneficial by providing indexation benefits and reasonably more returns than the other two.
Whose debt fund should you subscribe to? As there are many asset management companies (AMCs) offering debt funds, you may ponder upon choosing from them. Let’s be told that ICICI Prudential Mutual Fund could be a good choice for you. Ever since the inception of the joint venture between ICICI Bank, one of the largest private lenders in India and Prudential Plc, a leading financial services company in the UK, in 1998, the AMC has registered massive growth over the years. The post contains the best of debt funds that this AMC has to offer. Top 5 ICICI Mutual Fund (Debt) ICICI Prudential offers a host of debt mutual funds that you can subscribe to. The five best of them are shown below
ICICI Prudential Savings Fund The fund looks to generate income by investing in a portfolio of debt and money market instruments. It seeks to maintain an adequate balance between liquidity, yield and safety. The fund comes with both dividend and growth options. You can invest this ICICI Prudential Mutual Fund via lump sum or Systematic Investment Plan (SIP). The minimum amount by which you can invest through any of these two modes is ₹100. If we come to the performance, the fund has delivered a return of 8.46%, 7.79%, 8.24% and 8.26% in 1, 3, 5 and 10 years, respectively. ICICI Prudential Floating Interest Fund The fund invests predominantly in floating rate instruments and looks to maintain optimum balance of liquidity, safety and yield. You can choose any of growth and dividend option while investing in this fund. You can start investing with a minimum lump sum of ₹500. Additional investments can be made with a minimum sum of ₹100. Speaking of the performance, the fund has helped investors rake in a return of 7.70%, 7.31%, 7.77% and 7.94% in 1, 3, 5 and 10 years, respectively. ICICI Prudential Corporate Bond Fund The money invested in the fund goes predominantly in corporate bonds having assigned AA+ and above rating. Such rating is viewed good in the financial circle and so the investments made there can prove fruitful for the investors. You have both growth and dividend options to choose from. The minimum amount by which you can invest equals to ₹5,000. It has offered a return of 9.03% in 1 year, 7.66% in 3 years and 8.17% in 5 years. ICICI Prudential Liquid Fund The scheme seeks to offer reasonable returns commensurable with risk and high liquidity. It comes with both growth and dividend options. The minimum application amount is ₹100. The 1-year, 3-year, 5-year and 10-year returns have been 7.48%, 7.09%, 7.64% and 7.84%, respectively. ICICI Prudential Gilt Fund The fund seeks to generate income by investing in gilts of several maturities. You can get any of the growth or dividend option available on this fund. The minimum application amount is ₹5,000. It has delivered a return of 11.07%, 8.86%, 9.60% and 7.65% in 1, 3, 5 and 10 years, respectively.
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Anika Sharma
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