Why The Fund House Is Betting On This
S Naren, executive director and chief investment officer at ICICI Prudential Mutual Fund, said, “The Lifecycle Fund brings together the long-term mindset we have developed through our experience with closed-end funds, and our expertise in managing hybrid funds. With 5, 10 and 15-year horizon offerings, investors can align the fund with a specific financial goal. The key remains that the investment approach evolves as the investor moves closer to the goal. The longer time horizon allows for greater participation in equity, while the allocation can progressively become more conservative as the scheme approaches maturity. At the same time, being an open-ended scheme, it gives investors the flexibility to enter or exit without being constrained by the maturity date.”