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Prudential ICICI launches E&D Fund

MANGALORE: Prudential ICICI Asset Management Company (AMC) on Tuesday announced the launch of Prudential ICICI Equity and Derivatives Fund. It is an open-ended equity scheme, which aims to generate low volatility returns by investing in a judicious mix of cash equities. The fund offers two plan options — Income Optimiser Plan and Wealth Optimiser Plan. The first plan aims to achieve stable debt income at low volatility. It seeks to minimise downside risks by capping the cash equity exposure of the fund at 5 per cent. The second plan aims to achieve wealth creation, the release added.

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