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non-life insurance, venture capital, and asset management. ICICI Prudential Mutual Fund offers
plenty of retail and corporate investment solutions ranging in a variety of asset classes, namely,
Equity, Fixed Income, Real Estate, and Gold.
ICICI Prudential Aggressive Plan
ICICI Prudential Balanced Fund
ICICI Prudential Banking and Financial Services Fund
ICICI Prudential Blended Plan
ICICI Prudential Cautious Plan
ICICI Prudential Child Care Plan
ICICI Prudential Discovery Fund
ICICI Prudential Dynamic Plan
ICICI Prudential Emerging STAR Fund
ICICI Prudential Equity & Derivatives Fund
ICICI Prudential Flexible Income Plan
ICICI Prudential Floating Rate Plan
ICICI Prudential FMCG Fund
ICICI Prudential Focused Bluechip Equity Fund
ICICI Prudential Gilt Fund Investment Plan
ICICI Prudential Gilt Fund Treasury Plan
ICICI Prudential Income Plan
ICICI Prudential Index Fund
ICICI Prudential Indo Asia Fund
ICICI Prudential Infrastructure Fund
ICICI Prudential Liquid Plan
ICICI Prudential Long Term Floating Rate Plan
ICICI Prudential MIP 25
ICICI Prudential Moderate Plan
ICICI Prudential Monthly Income Plan
ICICI Prudential Nifty Junior Index Fund
ICICI Prudential Services Industries Fund
ICICI Prudential Short Term Plan
ICICI Prudential Spice Fund
ICICI Prudential Sweep Plan
ICICI Prudential Target Returns Fund
ICICI Prudential Tax Plan
ICICI Prudential Technology Fund
ICICI Prudential Top 100 Fund
ICICI Prudential Top 200 Fund
ICICI Prudential Very Aggressive Plan
A Mutual Fund is an investment option that allows investors access to a well diversifiedportfolio of equities, bonds and other securities.
Through Mutual Funds one can indirectly participate in stock market.
Benefits
Professional management and research: Each Mutual Fund is managed by Professional fund manager who regularly
availability of NAVs and performance details through journals, newspapers and updates, investing through MFs is hassle free and easy
to track.
Liquidity: Open-ended funds provide the biggest advantage of redemption on demandan extremely beneficial feature
accrued from MF investment for a period of over 1 year is treated as long term capital appreciation and is tax free.
Reduction in costs: Your investment costs are lowered given the very fact that MFs have a pool of money to invest and that
Types-of-Mutual-Funds
Based on your goals and your investment horizon, Mutual Funds give you the option to invest your money across various asset classes
like equity, debt and gold. This allows you to diversify your investments and strive to reduce your portfolio risk.
Diversified Funds
These funds provide you the benefit of diversification by investing in companies spread across sectors and market capitalisation. They
are generally meant for investors who seek exposure across the market and do not want to be restricted to any particular sector.
Sector Funds
These funds invest primarily in equity shares of companies in a particular business sector or industry. While these funds may give
higher returns, they are riskier as compared to diversified funds. Investors need to keep a watch on the performance of those
sectors/industries and must exit at an appropriate time.
Index Funds
These funds invest in the same pattern as popular stock market indices like CNX Nifty Index and S&P BSE Sensex. The value of the
index fund varies in proportion to the benchmark index. NAV of such schemes rise and fall in accordance with the rise and fall in the
index. This would vary as compared with the benchmark owing to a factor known as tracking error.
Gilt Funds
These funds invest in Central and State Government securities and are best suited for the medium to long-term investors who are
averse to risk. Government securities have no default risk.
Balanced Funds
These funds invest both in equity shares and debt (fixed income) instruments and strive to provide both growth and regular income.
They are ideal for medium- to long-term investors willing to take moderate risks.
Income Funds, Gilt Funds and other dynamically managed debt funds
These funds comprise of investments made in a basket of debt instruments of various maturities & issuers. These funds are suitable for
investors who willing to take a relatively higher risk as compared to corporate bond funds,and have longer investment horizon. These
funds tend to work when entry and exit are timed properly; investors can consider entering these funds when interest rates have moved
up significantly to benefit from higher accrual and when the outlook is that interest rates would decrease. As interest rates go down,
investors can potentially benefit from capital gains as well. A few types of dynamically managed debt funds are mentioned below -
Income funds invest in corporate bonds, government bonds and money market instruments. However,they are highly
vulnerable to the changes in interest rates and are suitable for investors who have a long term investment horizon and higher risk
taking ability. Entry and exit from these funds needs to be timed appropriately. The correct time to invest in these funds is when the
market view is that interest rates have touched their peak and are poised to reduce.
Gilt Funds invest in government securities of medium and long term maturities issued by central and state governments.
These funds do not have the risk of default since the issuer of the instruments is the government. Net Asset Values (NAVs) of the
schemes fluctuate due to change in interest rates and other economic factors. These funds have a high degree of interest rate risk,
depending on their maturity profile. The higher the maturity profile of the instrument, higher the interest rate risk.
Dynamic Bond Funds invest in debt securities of different maturity profiles. These funds are actively managed and the
portfolio varies dynamically according to the interest rate view of the fund managers. These funds Invest across all classes of debt and
money market instruments with no cap or floor on maturity, duration or instrument type concentration.
Corporate Bond Funds
These funds invest predominantly in corporate bonds and debentures of varying maturities that offer relatively higher interest, and are
exposed to higher volatility and credit risk. They seek to provide regular income and growth and are suitable for investors with a
moderate risk appetite with a medium to long term investment horizon.
FMPs are similar to passive debt funds, where the portfolio manager buys and holds the debt securities for the entire duration of the
product. FMPs are a good option for conservative investors, as they do not carry any interest rate risk provided the investor stays
invested until the maturity of the product. They are also a tax efficient investment option.
Hybrid Funds
They bridge the gap between equity and debt schemes by investing in a mix of equity and debt securities. This adds a considerable
amount of risk to the product and will suit investors looking for commensurate returns with higher levels of risk than regular debt funds.
portfolio
Monthly Income Plans (MIPs) strive to offer the benefit of diversification across asset classes by investing a proportion of the
in debt securities (70% to 95%) with a smaller allocation in equity securities (5 % to 30 %).
As the correlation between prices of equity and debt is low, this product endeavors to give an investor returns that are relatively higher
than debt market returns. MIPs can be classified as debt oriented hybrids that seek to -
o
o
o
However, an important point to be noted is that monthly income is not assured and it is subject to the availability of distributable surplus
in the fund.
Capital Protection Oriented Funds are closed ended funds that are hybrid in nature; they allocate money to debt and equity
securities. The allocation to debt securities is done in such a way that at the end of the term of the product, the value of debt investment
is equal to the original investment in the fund. The equity portion aims to add to the returns of the product at maturity. These funds are
oriented
towards
protection
of
capital
and
do
not
offer
guaranteed
returns.
Say, for example, AAA bonds are quoting at interest rate of 10% p.a. for a 5 year term.
o
o
This means that at the end of 5 years, the investment of Rs. 100 in such bonds would be worth Rs. 161.05, assuming
reinvestment of the interest.
On the other hand, if one invests Rs. 62.09 in such bonds, the value of the bonds at the end of 5 years would be Rs.
100.
In such a case, the allocation between equity and debt would be 38 : 62 respectively. So, if the equity value reduces to zero, the
investor gets back the original amount invested.
The asset allocation is a function of prevailing interest rates on high quality (AAA rated) bonds. It is mandatory for the fund to be rated
by at least one rating agency in order to be called a capital protection oriented fund. Debt securities held in the portfolio must be of
highest rating.
Multiple Yield Funds are close ended income funds that aim to optimize income from debt securities and potential growth
from equity. They aim to limit the downside by investing in rated debt instruments of reputed issuers. Through a limited equity exposure,
they aim to provide capital appreciation by investing in shares of companies without any sector or market capitalization bias. This
exposure will help to participate in the growth of these companies thus seeking to provide the portfolio with an element of potential long
term capital appreciation.
Commissions:
In accordance with the extant regulations (SEBI circular: SEBI/IMD/CIR No. 4/ 168230/09 and RBI guidelines on
Marketing / Distribution of Mutual Fund / Insurance etc., dated November 16,2009.) following are the details of the
comparative commission earned by the Bank from various fund-houses, whose products are being distributed:
City Category
Top 15 Cities
Beyond 15 Cities
Fund Schemes
Upfront
Trail
Upfront
Trail
Brokerage year 1 Brokerage year 1
Equity/Balanced
0% to
2.00%
0% to
1.50%
0% to
3.00%
0% to
3.00%
ELSS
0% to
5.50%
0% to
1.25%
0% to
6.00%
0% to
1.25%
MIP/Hybrid
0% to
2.25%
0% to
1.60%
0% to
3.50%
0% to
1.60%
Income/Bond
0% to
2.50%
0% to
1.75%
0% to
2.50%
0% to
1.75%
0% to
0.75%
0% to
0.50%
0% to
0.75%
0% to
0.60%
Liquid &
Floating
0% to
0.10%
0% to
0.75%
0% to
0.10%
0% to
0.75%
Arbitrage
0% to
0.50%
0% to
0.75%
0% to
0.50%
0% to
0.75%
Gilt
0% to
1.15%
0% to
1.15%
0% to
1.15%
0% to
1.15%
The above mentioned rates are subject to change without any prior consent and at a discretion and agreement between
ICICI Bank and the respective AMCs.
ICICI Bank distributes mutual fund schemes of its Affiliates or Group Companies. ICICI Prudential Asset
Management Company is subsidiary of ICICI Bank Limited.
Bank charges its customers following fee / commission for Mutual Funds investments:
Type of Fund
Fee / Commission
* Equity Funds
(1) Upto Rs. 50,000
Hybrid Schemes
Nil
Nil
Nil
Please note:
* The above fees / commission are applicable on investments made in Equity Fund on each transaction basis, through
systematic transfer plan option or switch from an existing scheme.
No charges will be applicable on investments made in following:
Income Funds
Gilt Funds
Index/Arbitrage Funds
Transaction Charges:
With effect from December 1, 2012, ICICI Bank has Opted In for transaction charges on Gilt Schemes, Debt Schemes,
Infrastructure Debt Fund Schemes, Equity Linked Savings Schemes (ELSS), Other Equity Schemes, Balanced Schemes,
Gold Exchange Traded Funds, Other Exchange Traded Funds, Fund of Funds investing Overseas and Fund of Funds Domestic. Hence the following transaction charges will be levied on purchases of Rs. 10,000/- and above on the above
mentioned
(i)
category
For
(ii)
existing
For
of
Mutual
investors,
new
investor,
Rs.
Funds
100/-
Rs.
150/-
per
subscription
per
subscription
In case of Systematic Investment Plans (SIPs), the transaction charge shall be applicable only if the total commitment
through SIPs amounts to Rs. 10,000/- and above. In such cases the transaction charge shall be recovered in 3-4
installments.
ICICI Bank has Opted Out for transaction charges on Liquid & Money Market Funds. Hence no transaction charges shall
be
levied.
The Asset Management Companies (AMCs) will deduct the applicable transaction charges from the subscription amount
and the same will be paid to the Bank by the AMC directly. Hence, only the balance of the subscription amount shall be
invested. Investors will therefore be issued MF units equivalent to subscription amount less transaction charges.
The
above
charges
will
be
applicable
for
offline
(physical
application)
&
online
purchases.
The above mentioned transaction charges are in accordance with SEBI circular no CIR/IMD/DF/21/2012 dated
September 13, 2012 and SEBI circular no. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011.
Setup Date
Oct-13-1993
Incorporation Date
Jun-22-1993
Sponsor
Trustee
Chairman
CEO / MD
CIO
Mr. S Naren
Compliance Officer
Assets Managed
Other Details
Auditors
Custodians
Registrars
Address
3rd Floor, Hallmark Business Plaza,Sant Dyaneshwar Marg,Bandra (East), Mumbai 400051
Telephone Nos.
Source - AMFI
Fax Nos.
2655 4165
enquiry@icicipruamc.com