Why Equity Linked Debentures ?
During the Period from July 1991 to July 2008 Nifty has given negative returns more that 1 out of 3 days ( Source – MFI Explorer) Hence Direct Equity Investment = Possibility of Capital Erosion For the Period July 1991 to July 2008 Average of positive 1 year Nifty returns = 34.37% – (Source – MFI Explorer) Hence Debt Investment = Possibility of missing market rally Equity Linked Debentures (ELD) offers a good investment opportunity for investors to participate in the upside potential of equity markets and minimizes the possibility of capital erosion. Speaking on the occasion, Mr. Nimesh Shah, Managing Director, ICICI Prudential Asset Management Company Ltd said, “Owing to the overwhelming response received for one of our most innovative equity linked product offering the ICICI Prudential FMP Series 33 – Plan A, we have launched the ICICI Prudential S.M.A.R.T. Fund (Structured Methodology Aiming at Returns over Tenure), to help investors further their investment objective of providing a
