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New plan from ICICI Prudential AMC
CHENNAI
: ICICI Prudential AMC launched the ICICI Prudential Micro Systematic Investment Plan with a minimum investment of Rs. 50 per month. This facility provides an opportunity to invest small amounts periodically and build a corpus of savings over the long term. It gives a choice of investments to this segment wherein they could also choose to participate in debt and capital markets. According to a release, the key features of the plan are: minimum investment amount: Rs. 50 and in multiples thereof, minimum redemption amount: Rs. 500, entry load: 2.25 per cent, exit load: variable as per the amount invested, the duration of investment and the scheme. Only the growth option is available and there is no lock-in period, adds the release.
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