ICICI Prudential MF introduces Life Cycle Fund 2041
ICICI Prudential Mutual Fund has launched ICICI Prudential Life Cycle Fund 2041, an open-ended fund with attributes of predetermined maturity and glide path for goal-based investing. The NFO opens for subscription on August 26, 2026 and closes on September 09, 2026. No Entry Load will be charged for the scheme. The Exit load: 3% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out on or before 1 Year from the date of investment; 2% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 Year and before 2 Years from the date of investment; 1% of the applicable NAV - If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 2 year and before 3 Years from the date of investment; Nil - If units purchased or switch in from another scheme of the Fund are redeemed or switched out after 3 years from the date of investment. The minimum subscription amount is Rs 100/- plus in multiple of Re 1.
The performance of the Scheme will be benchmarked against Nifty 200 TRI (65%) + Nifty Composite Debt Index (30%) + Domestic Price of Gold (3%) + Domestic Price of Silver (2%), and its fund managers are Divya Jain, Manish Banthia, Rohit Lakhotia and Gaurav Chikane.
The investment objective of this scheme is to generate capital appreciation for investors by investing in equity and equity related instruments and income by investing across other asset classes, i.e. Debt, money market instruments, units of InvITs, Gold & Silver ETF and Exchange Traded Commodity Derivatives.
