ICICI Prudential LifeTime Maxima–book profits made in the equity market and protect them from any future market volatility
By at December 17, 2009 | 9:36 pm | Print
Product:
ICICI Prudential Life Insurance is coming with new product ‘ICICI Prudential LifeTime Maxima’ ,that will create more profitable option for its clients or customers.This wealth solution product is based on Trigger Portfolio strategy.This new product will help customers to book profits made in the equity market and protect them from any future market volatility.
How It Works:
It will allow customers to maintain a pre-defined asset allocation structure and take advantage of substantial swings in the equity market. Under the ‘Trigger Portfolio’ strategy, the investments would initially be distributed between two funds Multi Cap Growth Fund (equity-oriented fund) and Income Fund (debt-oriented fund) in a 75:25 proportion. The funds would be re-balanced or reallocated in the portfolio based on a pre-defined ‘trigger event’ which is 15 per cent upward or downward movement in net asset value of Multi Cap Growth Fund.