Impact Feature: In ICICI Prudential Mutual Fund, maturity year is pre-determined, ‘glide path’ strategy is adopted.
32 minutes ago copy link ICICI Prudential Mutual Fund has launched ‘Life Cycle Funds’. These are designed to invest with specific goals in mind, with a pre-determined maturity date and a ‘glide path’ strategy. As the time to achieve the target approaches, these funds keep changing the allocation between equity and debt as per the…