ICICI Prudential launches first-of-their-kind Flexi Funds
Offer for Flexi Growth & Flexi Balanced opens March 17 at Rs.
10/unit
ICICI Prudential Life Insurance, India
launches two first-of-
their-kind funds for unit-linked insurance plans (ULIPs) -
Flexi Growth and Flexi Balanced. The two new funds will
provide greater flexibility to fund managers and enable them
to take advantage of growth opportunities across stocks
irrespective of market capitalization, and thereby generate
higher long-term returns. The offer opens at Rs. 10 per unit
for both the funds.
As with all life insurance products, customers who invest in
the new funds through
ICICI Prudential?s ULIPs will enjoy the
added benefits of life cover and tax benefits u/s 80C.
Study shows that in addition to large-caps, there are
immense prospects for long-term growth in well-researched
mid cap and small cap companies. The two new funds , With
their flexibility to move across market caps and sectors, the
funds will enable long-term growth and are ideal for those
with a slightly higher risk appetite and long-term horizon.?
The two new funds - Flexi Growth and Flexi Balanced - are
designed to provide superior returns to the investor over the
long-term. They will be available under all the ULIPs offered
by
ICICI Prudential, with the exception of the Premium
Guarantee plans. With the launch of these two new funds,
ICICI Prudential ULIP policyholders now have the option of
allocating their investments across six funds, including the
earlier four of Maximiser, Balancer, Protector and Preserver.
The Flexi Growth fund is designed to generate enhanced
long-term returns. It can have an equity exposure of up to
100% in large cap, mid cap and small cap companies, and
will allow fund managers to change the exposure to various
classes, based on market conditions.
The Flexi Balanced fund will enable fund managers to
achieve a balance between capital appreciation and stable
returns by allowing them to invest up to 60% in equity and at
least 40% in debt instruments for a balanced approach.
Within equity, the Flexi Balanced fund also provides the
opportunity to change exposure to various caps freely based
on market conditions.
For further details CALL
VIPUL PATEL ON 9342878146 / 9242290961
Or mail on
vipoolpatel@hotmail.com /
vipoolpatel@bimaonline.com
ICICI Prudential Life INSURANCE Advisor