Life Cycle Funds: Manish Banthia explains ICICI Prudential’s 2031, 2036 and 2041 funds
Life Cycle Funds are a brand new mutual fund class designed for goal-based investing, with asset allocation altering because the maturity date approaches. ICICI Prudential Mutual Fund has launched three funds-2031, 2036 and 2041- with 5, 10- and 15-year horizons.
On this interview with Teena Jain Kaushal, PF Editor (AG) Moneycontrol, Manish Banthia, CIO, Mounted Revenue at ICICI Prudential Mutual Fund, explains how these funds work, how buyers ought to select the appropriate maturity, how the glide path reduces fairness publicity, and what buyers ought to find out about threat, taxation and early exits.
