Beating IndiaÆs downside

A new fund from ICICI Prudential offers equity upside on the Nifty index as well as downside protection.

ICICI Prudential Asset Management launched a first-of-its-kind equity-linked fund in January that offers Indian investors significant upside participation and very little downside risk.

The Fixed Maturity Plan û Series 33 is linked to the National Stock ExchangeÆs Nifty index, which comprises 50 leading stocks traded on the exchange, and is the first fixed-maturity fund to provide exposure to equity markets.

The idea is to provide the low risk of a typical fixed income-style product, but with the juiced-up returns that...

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