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 Date : 8/20/2014 
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Child care Education Plan
The prudential ICICI Asset Management Company's Child Care plan is a very new and unique offer for parents for taking care of their children's education.

Prudential ICICI child care plan happens to be an "open-ended" fund comprising basically two plans mainly-the study plan and the gift plan. The parents need to purchase the scheme in the name of the child who would be the ultimate beneficiary from the schemes. ICICI says that the applicant can be a parent or a legal guardian of the beneficiary or any other person.


The Study Plan
ICICI's study plan aims to generate income from a set of portfolios mainly debt, money market and equity investments.


The study plan proposes to invest under normal circumstance 855 of the corpus in debt instruments. The equity component will be capped at 155 of the corpus.


Important
Since the rules, regulations, eligibility conditions, repayments and interests rates etc. are revised by the banks from time to time in keeping pace with the changing capital market conditions, students and parents are advised to thoroughly check the terms and conditions of educational loan scheme on offer at the time of application.
 


Corporate Office
Zenith House, 3rd Floor
Keshavrao Khade Marg, Mahalaxmi
Mumbai - 400034
Website: www.icicibank.com




 

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