NFO Alert: ICICI Prudential Mutual Fund to launch 3 life cycle funds

ICICI Prudential Mutual Fund has launched three open-ended life cycle funds with five-, 10- and 15-year horizons. The schemes use a glide-path strategy, starting with higher equity exposure that gradually shifts towards debt as maturity approaches. The NFOs — Life Cycle Fund 2031, 2036 and 2041 — are open for subscription and will close on September 9.