ICICI Prudential Mutual Fund will introduce moneyback feature under ICICI Prudential Dynamic Plan, ICICI Prudential Equity Income Fund, ICICI Prudential Balanced Fund and ICICI Prudential MIP 25 with effect from January 1, 2016.
Moneyback is only a feature for regular withdrawal from the scheme and will allow the investors to redeem a fixed sum of money periodically at the prevailing Net Asset Value (NAV) depending on the option chosen by the investor.