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ICICI Prudential launches Constant Maturity Gilt Fund

India Blooms News Service | 02 Sep 2014, 03:13 am
Mumbai, Sept 1 (IBNS): ICICI Prudential Mutual Fund has announced the launch of Constant Maturity Gilt Fund, a 10-year open ended income fund that aims to provide reasonable returns by investing in portfolio of Government Securities.

Speaking on the launch of this fund and the thought behind it, Nimesh Shah, MD & CEO, ICICI Prudential Asset Management Company Ltd. said, “In the current scenario, where G-sec yields are at peak and macro environment turning conducive for propelling a fall in interest rates, there is a strong case for investments in duration funds. Indian markets are seeing a positive rally. The liquidity situation has improved in the recent past and with this fund, we aim to take advantage of the positive real interest rates that will lead to increase in savings rate."

The fund will be managed by Rahul Goswami, CIO- Fixed Income.

ICICI Prudential launches Constant Maturity Gilt Fund

India Blooms News Service
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