ICICI Prudential Mutual Fund has announced that ICICI Prudential Long Term Floating Rate Plan will be available for fresh purchases/additional purchases/switch-ins on and from 10 February 2012, till further notice.
ICICI Prudential Long Term Floating Rate Plan is an open ended income fund. The objective of the scheme is to generate income through investments in a range of debt and money market instruments of various maturities with a view of maximizing income while maintaining the optimum balance of yield, safety and liquidity.