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
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
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.
Zenith House, 3rd Floor
Keshavrao Khade Marg, Mahalaxmi
Mumbai - 400034