ICICI Prudential Advisor Series

Transcription

1 ICICI Prudential Very Cautious Plan ICICI Prudential Advisor Series (An Open Ended Fund of Funds Scheme) NAME OF THE SCHEME Key Information Memorandum Continuous offer for units at NAV based prices Short term savings solution PRODUCT LABELS THIS PRODUCT IS SUITABLE FOR INVESTORS WHO ARE SEEKING*: A Fund of Funds scheme that seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in the schemes of domestic or offshore Mutual Funds having asset allocation to debt and money market securities. Low RISKOMETER Moderately Low Moderate Moderately High High ICICI Prudential Cautious Plan ICICI Prudential Moderate Plan ICICI Prudential Long Term Savings Plan ICICI Prudential Very Aggressive Plan Medium term savings solution Long term wealth creation solution Long term wealth creation solution Long term wealth creation solution A Fund of Funds scheme that seeks to generate regular income primarily through investments in the schemes of domestic or offshore Mutual Funds having asset allocation primarily to fixed income securities and up to 35% in equity and equity related securities. A Fund of Funds scheme that seeks to generate long term capital appreciation and current income by creating a portfolio that is invested in the schemes of domestic or offshore Mutual Funds mainly having asset allocation to Equity and equity related securities as well as fixed income securities. A Fund of Funds scheme that seeks to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Funds mainly having asset allocation to Equity and equity related securities and a small portion in debt and money market instruments. A Fund of Funds scheme that seeks to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Funds that actively invests in Equity and equity related securities, gold exchange traded funds and in debt & money market instruments. Low High Investors understand that their principal will be at moderate risk Low Moderately Low Moderate Moderately High Low High Investors understand that their principal will be at moderately high risk High * Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Sponsor: ICICI Bank Limited: Regd. Office: Landmark, Race Course Circle, Vadodara , India; and Prudential plc (through its wholly owned subsidiary, Prudential Corporation Holdings Limited): Laurence Pountney Hill, London EC4R OHH, United Kingdom Asset Management Company: ICICI Prudential Asset Management Company Ltd., CIN: U99999DL1993PLC054135, Regd. Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, New Delhi Corporate Office: 3rd Floor, Hallmark Business Plaza, Sant Dyaneshwar Marg, Bandra (E), Mumbai , Tel: (91) (022) , Fax: (022) Central Service Office: 2nd Floor, Block B-2, Nirlon Knowledge Park, Western Express Highway, Goregaon (East), Mumbai Tel: (91) (22) , Fax: (91)(22) , Website: enquiry@icicipruamc.com Mutual Fund: ICICI Prudential Mutual Fund Trustee Company: ICICI Prudential Trust Limited - CIN: U74899DL1993PLC Regd. Office: 12th Floor, Narain Manzil, 23 Barakhamba Road, New Delhi This Key Information Memorandum (KIM) sets forth the information, which a prospective investor ought to know before investing. For further details of the Scheme/Mutual Fund, due diligence certificate by AMC, Key Personnel, Investor's rights & services, risk factors, penalties & pending litigations etc. investor should, before investment, refer to the Scheme Information Document and Statement of Additional Information Document available free of cost at any of the Investor Service Centres or distributors or from the website The particulars of ICICI Prudential Advisor Series (Fund of Funds scheme) have been prepared in accordance with the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, as amended till date, and filed with the Securities and Exchange Board of India (SEBI). The Units being offered for public subscription have not been approved or disapproved by the SEBI nor has SEBI certified the accuracy or adequacy of this KIM. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. CALL MTNL/BSNL: Others: or apply online at

2 INVESTMENT OBJECTIVES AND INVESTMENT PLANS UNDER THE SCHEME: ICICI Prudential Advisors Series is an Open ended asset allocation fund, which is of the nature of Fund of Funds, comprising thereunder five investment Plans, with a primary objective to generate returns through investment in underlying schemes of onshore or offshore Mutual Fund(s). The investments into underlying funds under each Plan of FOF would, inter alia, be governed by: - The investment management style of such schemes (both FOF and underlying), - The tolerance and the risk profile of such schemes (both FOF and underlying), - The asset allocation (such as equity or debt) of such schemes (both FOF and underlying). The Scheme has Five Plans to offer as under: 1. ICICI Prudential Very Cautious Plan: The primary investment objective of this Plan is to seek to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in the schemes of domestic or offshore Mutual Fund(s) having asset allocation to: Money market and debt securities. This Plan may be considered to be ideal for investors having a low risk appetite and a shorter duration of investment. However, there can be no assurance that the investment objectives of the Plan/s will be realized. 2. ICICI Prudential Cautious Plan: The primary investment objective of this Plan is to seek to generate regular income primarily through investments in the schemes of domestic or offshore Mutual Fund(s) having asset allocation: Primarily to fixed income securities To a lesser extent (maximum 35%) in equity and equity related securities so as to generate long-term capital appreciation. However, there can be no assurance that the investment objectives of the Plan/s will be realized. 3. ICICI Prudential Moderate Plan: The primary investment objective of this Plan is to seek to generate long term capital appreciation and current income by creating a portfolio that is invested in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: Equity and equity related securities as well as Fixed income securities However, there can be no assurance that the investment objectives of the Plan/s will be realized. 4. ICICI Prudential Long Term Savings Plan: The primary investment objective of this Plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Fund(s) mainly having asset allocation to: Equity and equity related securities and A small portion in debt and money market instruments. However, there can be no assurance that the investment objective of the Scheme will be realized. 5. ICICI Prudential Very Aggressive Plan: The primary investment objective of this Plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Fund(s) that actively invests in: Equity/equity related securities, debt & money market instruments, Gold Exchange Traded Funds This Plan is suitable for investor's seeking higher returns and having appetite for higher investments risks and market fluctuations. However, there can be no assurance that the investment objective of the Scheme will be realized. ASSET ALLOCATION PATTERN OF THE PLANS UNDER THE SCHEME: i) ICICI Prudential Very Cautious Plan: Instruments Indicative allocations Risk Profile (% of total assets) Maximum Minimum Debt-oriented schemes Low to Medium Money market schemes/ 70 0 Low cash and liquid plans* ii) ICICI Prudential Cautious Plan Instruments Indicative allocations Risk Profile (% of total assets) Maximum Minimum Equity- oriented schemes 35 0 High Debt-oriented schemes Low to Medium Money market schemes/ 30 0 Low cash and liquid plans Gold Exchange Traded Fund & 20 0 Medium other Exchange Traded Fund* iii) ICICI Prudential Moderate Plan Instruments Indicative allocations Risk Profile (% of total assets) Maximum Minimum Equity- oriented schemes High Debt-oriented schemes Low to Medium Money market schemes/ 30 0 Low cash and liquid plans Gold Exchange Traded Fund & 20 0 Low other Exchange Traded Fund* iv) ICICI Prudential Long Term Savings Plan Instruments Indicative allocations Risk Profile (% of total assets) Maximum Minimum Equity- oriented schemes High Debt-oriented schemes Low to Medium Money market schemes/ 10 0 Low cash and liquid plans Gold Exchange Traded Fund & 30 0 Low other Exchange Traded Fund* v) ICICI Prudential Very Aggressive Plan: Instruments Indicative allocations Risk Profile (% of total assets) Maximum Minimum Equity- oriented schemes High Debt-oriented schemes/ 80 0 Low to Medium Money market schemes/ Cash and Liquid Plans Gold Exchange Traded Funds 60 0 Low & other Exchange Traded Funds* *The scheme will make investments in onshore Gold Exchange Traded Funds and in case of other Exchange Traded Fund(s) ETF(s) the investments will be made both in on shore and off shore ETF(s). The cumulative gross exposure through investment in various Funds shall not exceed 100%. The above percentages would be adhered to at the point of investment in the underlying schemes. The portfolio would be rebalanced periodically to address any deviations from the aforementioned allocations due to market changes. Further subject to the asset allocation pattern stated above, the maximum asset allocation to one scheme of a Mutual Fund may be to the extent of 100% of the investible corpus under the Scheme. Investors may note that securities, which provide higher returns, typically, display higher volatility. Accordingly, the investment portfolio of the Plans would reflect moderate to high volatility in the units of the underlying schemes having asset allocations in equity and equity related instruments and low to moderate volatility in units of the underlying schemes having asset allocations in debt, Gold and money market investments. Investment Strategy: The Scheme will invest primarily in the existing schemes of onshore or offshore Mutual Fund(s), gold exchange traded fund and other exchange traded fund. ICICI Prudential Mutual Fund, at present, has a number of Debt and Equity oriented schemes, which would act as the underlying schemes for ICICI Prudential Advisor Series. ICICI Prudential Advisor Series, intends to invest in various schemes of ICICI Prudential Mutual Fund, presently launched or that may be launched in future. Information about Underlying Funds Indicative list of the underlying schemes of ICICI Prudential Mutual Fund, that may be considered for investments by ICICI Prudential Advisor Series are as follows. But the same is not exhaustive and it may change due to new schemes being introduced or existing schemes being modified. However it will be ensured that such additional schemes or changes therein meet the investment objectives criteria and asset allocation pattern of any of the Plans of ICICI Prudential Advisor Series. Money market Debt-oriented Equity- oriented mutual fund schemes schemes schemes ICICI Prudential ICICI Prudential Income Plan ICICI Prudential Top 100 Fund Liquid Plan ICICI Prudential Gilt Fund ICICI Prudential Top 200 Fund ICICI Prudential ICICI Prudential Technology Fund Flexible Income Plan ICICI Prudential FMCG Fund ICICI Prudential ICICI Prudential Dynamic Plan Savings Fund ICICI Prudential Index Fund ICICI Prudential Short Term Plan ICICI Prudential Value Discovery Fund ICICI Prudential MidCap Fund ICICI Prudential Infrastructure Fund ICICI Prudential Focused Bluechip Equity Fund 3. Risk Profile of the scheme: Mutual Fund Units involve investment risks including the possible loss of principal. Please 2

3 read the SID carefully for details on risk factors before investment. Scheme specific Risk Factors are summarized below: Scheme Specific Risk Factors: Investors may please note that they will be bearing the expenses of the relevant fund of fund scheme in addition to the expenses of the underlying schemes in which the fund of fund scheme makes investment. As the investors are incurring expenditure at both the Fund of Funds level and the schemes into which the Fund of Funds invests, the returns that they may obtain may be materially impacted or may at times be lower than the returns that investors directly investing in such schemes obtain. Again as the Fund of Funds scheme may shift the weightage of investments between schemes into which it invests, the expenses charged being dependent on the structure of the underlying schemes (being different) may lead to a non- uniform charging of expenses over a period of time. As the Fund of Funds (FOF) factsheets and disclosures of portfolio will be limited to providing the particulars of the schemes invested at FOF level, investors may not be able to obtain specific details of the investments of the underlying schemes. While it would be the endeavour of the Fund Manager of the Fund of Funds scheme(s) to invest in the target schemes in a manner, which will seek to maximize returns, the performance of the underlying funds may vary which may lead to the returns of the Fund of Funds being adversely impacted. The scheme specific risk factors of each of the underlying schemes become applicable where a fund of funds invests in any underlying scheme. Investors who intend to invest in Fund of Funds are required to and are deemed to have read and understood the risk factors of the underlying schemes relevant to the Fund of Fund scheme that they invest in. Copies of the Scheme Information Documents pertaining to the various schemes of ICICI Prudential Mutual Fund, which disclose the relevant risk factors, are available at the Customer Service Centers or may be accessed at A Fund Manager managing any one of the Fund of Fund schemes may also be the Fund Manager for any underlying schemes. The underlying schemes having exposure to the fixed income securities and/ or equity and equity related securities will be subject to the following risks and in turn the Scheme's/ Plans' performance will be affected accordingly. Risk management strategies: The Fund by utilizing a holistic risk management strategy will endeavor to manage risks associated with investing in debt markets. The risk control process involves identifying & measuring the risk through various risk measurement tools. The Fund has identified following risks of investing in debt and designed risk management strategies, which are embedded in the investment process to manage such risks. Risk & Description specific to Debt Market Risk/ Interest Rate Risk: As with all debt securities, changes in interest rates may affect the Scheme's Net Asset Value as the prices of securities generally increase as interest rates decline and generally decrease as interest rates rise. Prices of long-term securities generally fluctuate more in response to interest rate changes than do short-term securities. Indian debt markets can be volatile leading to the possibility of price movements up or down in fixed income securities and thereby to possible movements in the NAV. Liquidity or Marketability Risk: This refers to the ease with which a security can be sold at or near to its valuation yield-to-maturity (YTM). Credit Risk: Credit risk or default risk refers to the risk that an issuer of a fixed income security may default (i.e., will be unable to make timely principal and interest payments on the security). Risk mitigants / management strategy The modified duration of a portfolio is one of the means of measuring the interest rate risk of the portfolio. Higher the modified duration, the Scheme stands exposed to a higher degree of interest rate risk. Since the fund manager does not intend to actively manage the duration of the fund, interest rate risk would be an integral part of the fund. The Scheme may invest in government securities, corporate bonds and money market instruments. While the liquidity risk for government securities, money market instruments and short maturity corporate bonds may be low, it may be high in case of medium to long maturity corporate bonds. Liquidity risk is today characteristic of the Indian fixed income market. The Scheme will however, endeavor to minimize liquidity risk by investing in securities having a liquid market. Management analysis will be used for identifying company specific risks. Management's past track record will also be studied. In order to assess financial risk a detailed assessment of the issuer's financial statements will be undertaken to review its ability to undergo stress on cash flows and asset quality. A detailed evaluation of accounting policies, offbalance sheet exposures, notes, auditors' comments and disclosure standards will also be made to assess the overall financial risk of the potential borrower. In case of securitized debt instruments, the Scheme will ensure that these instruments are sufficiently backed by assets. Reinvestment Risk: This risk refers to the interest rate levels at which cash flows received from the securities in the Scheme are reinvested The risk is that the rate at which interim cash flows can be reinvested may be lower than that originally assumed. Derivatives Risk: As and when the Scheme trades in the derivatives market there are risk factors and issues concerning the use of derivatives since derivative products are specialized instruments that require investment techniques and risk analyses different from those associated with stocks and bonds. There is the possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the "counter party") to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mispricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Risks associated with Equity investment: Market Risk: The scheme is vulnerable to movements in the prices of securities invested by the scheme, which could have a material bearing on the overall returns from the scheme. The value of the Scheme's investments, may be affected generally by factors affecting securities markets, such as price and volume, volatility in the capital markets, interest rates, currency exchange rates, changes in policies of the Government, taxation laws or any other appropriate authority policies and other political and economic developments which may have an adverse bearing on individual securities, a specific sector or all sectors including equity and debt markets. Liquidity risk: The liquidity of the Scheme's investments is inherently restricted by trading volumes in the securities in which it invests. Derivatives Risk: As and when the Scheme trades in the derivatives market there are risk factors and issues concerning the use of derivatives that Investors should understand. Derivative products are specialized instruments that require investment techniques and risk analyses different from those associated with stocks and bonds. The use of a derivative requires an understanding not only of the underlying instrument but also of the derivative itself. Derivatives require the maintenance of adequate controls to monitor the transactions entered into, the ability to assess the risk that a derivative adds to the portfolio and the ability to forecast price or interest rate movements correctly. There is the possibility that a loss may be sustained by the portfolio as a result of the failure of another party (usually referred to as the counter party ) to comply with the terms of the derivatives contract. Other risks in using derivatives include the risk of mis-pricing or improper valuation of derivatives and the inability of derivatives to correlate perfectly with underlying assets, rates and indices. Reinvestment risks will be limited to the extent of coupons received on debt instruments, which will be a very small portion of the portfolio value. The Scheme has provision for using derivative instruments for portfolio balancing and hedging purposes. Interest Rate Swaps will be done with approved counter parties under pre-approved ISDA agreements. Mark to Market of swaps, netting off of cash flow and default provision clauses will be provided as per international best practice on a reciprocal basis. Interest rate swaps and other derivative instruments will be used as per local (RBI and SEBI) regulatory guidelines. Risks associated with Equity investment Market risk is a risk which is inherent to an equity scheme. The scheme may use derivatives to limit this risk. The fund will be a high risk, high return fund and the time horizon, until the market realizes the true value of the stocks that the fund has invested into, could be longer. As such the liquidity of stocks that the fund invests into could be relatively low. The fund will try to maintain a proper assetliability match to ensure redemption / Maturity payments are made on time and not affected by illiquidity of the underlying stocks. Derivatives will be used for the purpose of hedging/ portfolio balancing purposes or to improve performance and manage risk efficiently. Derivatives will be used in the form of Index Options, Index Futures, Stock Options and Stock Futures and other instruments as may be permitted by SEBI. All derivatives trade will be done only on the exchange with guaranteed settlement. No OTC contracts will be entered into. 3

4 4 4. PLANS & OPTIONS OFFERED UNDER THE PLANS OF THE SCHEME Plans Direct Plan and Regular Plan Default Plan a) If broker code is not mentioned the default plan is (if no plan selected) Direct Plan b) If broker code is mentioned the default plan is Regular Plan Default Plan a) If Direct Plan is opted, but ARN code is also stated, (in certain circumstances) then application would be processed under Direct Plan b) If Regular Plan is opted, but ARN code is not stated, then the application would be processed under Direct Plan Options/sub-options Cumulative Option and Dividend Option (Dividend Payout and Dividend Reinvestment) Default Option Cumulative Option Default Sub-Option Dividend Reinvestment In case neither distributor code is mentioned nor 'Direct Plan' is selected in the application form, the application will be processed under the 'Direct Plan' Investors under the ICICI Prudential Advisor Series and Plans thereunder have the choice of a Cumulative Option or a Dividend Option at present. Dividend Reinvestment facility is also available. Both Cumulative and Dividend Options under one particular Fund will have common portfolio. There will be two separate NAVs, one for the Cumulative Option and another for the Dividend Option. i) Cumulative Option For Capital Appreciation The Scheme will not declare any dividends under this option. The income earned by the Scheme will remain invested in the Scheme and will be reflected in the Net Asset Value. This Option is suitable for investors who are not looking for regular income. If Units under this option are redeemed after they have been held for a period of at least one year from the date of acquisition, Unit holders will get the benefit of lower tax on long-term capital gains. ii) Dividend Option This option is suited for investors seeking regular income through dividends declared by the Scheme. The Trustee may approve the distribution of dividends by the AMC out of the net surplus of the Plan. To the extent the net surplus is not distributed, the same will remain invested in the Plan and be reflected in the NAV. iii) Dividend Reinvestment facility The investors opting for Dividend Option may choose to reinvest the dividend to be received by them in additional Units of the Scheme. Under this provision, the dividend due and payable to the Unitholders will be compulsorily and without any further act by the Unitholders reinvested in the Scheme (under the respective Plans of Dividend Option, at the first ex-dividend NAV). The dividends so reinvested shall be constructive payment of dividends to the Unitholders and constructive receipt of the same amount from each Unitholder for reinvestment in Units. On reinvestment of dividends, the number of units to the credit of Unitholder will increase to the extent of the dividend reinvested divided by the NAV applicable as explained above. There shall, however, be no entry load on the dividends so reinvested. The Trustees reserve right to introduce any other option(s) under the Scheme at a later date, by providing a notice to the investors on the AMC s website and by issuing a press release, prior to introduction of such option(s). 5. APPLICABLE NAV Purchases including Switch ins: a) Application amount less than Rs. 2 lakh:in respect of valid applications received upto 3.00 pm on a business day, by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received: the closing NAV of that business day on which application is received. In respect of valid applications received after 3.00 pm on a business day, by the Mutual Fund alongwith a local cheque or a demand draft payable at par at the place where the application is received: the closing NAV of the next business day. b) Application amount equal to or more than Rs. 2 lakh:in respect of valid application received before cut-off time, units shall be allotted based on the NAV of the day on which the funds are available for utilisation before 3.00 pm. Applicable NAV for Redemption, including Switch out: In respect of valid applications received upto 3.00 pm on a business day by the Mutual Fund, same day s closing NAV shall be applicable. In respect of valid applications received after the cut off time by the Mutual Fund: the closing NAV of the next business day. 6. a. MINIMUM APPLICATION AMOUNT / NUMBER OF UNIT Applications by new investors (i.e. other than existing Unitholders) must be for a minimum amount as mentioned herein below: Scheme Minimum Application Minimum additional Amount amount in multiples of Re.1: For All Plans Rs. 5,000/- and multiples of Re. 1 Rs.500/- b. REDEMPTION OF UNITS The Units can be redeemed (i.e. sold back to the Fund) on every Business Day at the Redemption Price (hereinafter defined). The redemption request can be made for any amount of Rs.1000 or 100 units and more. Redemption can also be made for the total number of Units standing to the credit of Unitholder at the time of closure of account, even though such redemption is for less than Rs.1000 or 100 units. There would be a cooling-off period from the date of receipt of the subscription till the realisation of the Fund towards subscription, during which no redemption request would be processed by AMC in respect of the same investment. However the AMC may process the redemption on a specific request from the investor after confirming the cheque clearance status and may take an additional day for processing redemption payment. c. SYSTEMATIC INVESTMENT PLAN (SIP): Minimum of Rs.1000 and multiples of Re. 1 thereof plus minimum of 5 postdated cheques in advance for a like amount or an equivalent auto-debit or standing instruction. Quarterly SIP is also available with minimum of Rs.5000 per installment and minimum 4 installments. d. SYSTEMATIC TRANSFER PLAN (STP): STP will be available at monthly and quarterly rests as per the standing instructions of the Unit holder. The scheme is proposed to act as a designated scheme from which Systematic Transfer Plan (STP) can happen to target schemes. Loads as applicable to normal purchases. 7. DISPATCH OF REPURCHASE / REDEMPTION REQUEST The Fund shall despatch the Redemption proceeds within 10 (ten) Business Days from the date of acceptance of Redemption request at any of the Customer Service Centres or the office of the Registrar, in case of a Redemption request being sent by post. 8. BENCHMARK INDEX : ICICI Prudential Advisor Series - Very Cautious Plan : Crisil Liquid Fund Index (30%) & Crisil Composite Bond Fund Index (70%) ICICI Prudential Advisor Series - Cautious Plan: CNX Nifty Index - 20%, Crisil Composite Bond Fund Index - 60%, Crisil Liquid Fund Index-10%, Gold-10% #. ICICI Prudential Advisor Series - Moderate Plan: Crisil Composite Bond Fund Index- 40%, Crisil Liquid Fund Index-10%, CNX Nifity Index - 40%, Gold - 10% #. ICICI Prudential Advisor Series - Long Term Savings Plan: CNX Nifty Index - 50%, Crisil Composite Bond Fund Index - 30%, Crisil Liquid Fund Index - 5%, Gold - 15% #. ICICI Prudential Advisor Series - Very Aggressive Plan: CNX Nifty Index - 75%, Crisil Composite Bond Fund Index - 5%, Crisil Liquid Fund Index - 5%, Gold - 15% #. # Benchmark against the domestic price of gold as derived from the LBMA AM fixing prices. 9. Dividend Policy : The Trustee may approve the distribution of dividends by the AMC out of the net surplus of the Plan. To the extent the net surplus is not distributed, the same will remain invested in the Plan and be reflected in the NAV. 10. Name of the Fund Manager: Mr. Mrinal Singh 11. AAUM and No. of Folios as on : Name of the scheme AAUM No of Folios ICICI Prudential Advisor series - Long Term Savings Plan ` 7.45 crore 890 ICICI Prudential Advisor series - Cautious Plan ` 2.82 crore 384 ICICI Prudential Advisor series - Moderate Plan ` 5.54 crore 576 ICICI Prudential Advisor series - Very Aggressive Plan ` 4.80 crore 670 ICICI Prudential Advisor series - Very Cautious Plan ` 0.83 crore Performance of the Plans under the Scheme as on (Regular Plan - Growth Option): Scheme Name Period Returns as on Fund Benchmark Index Very Cautious Last 1 Year 12.53% 12.88% Very Cautious Last 3 Years 9.02% 9.21% Very Cautious Last 5 Years 7.59% 8.18% Very Cautious Since Inception 6.80% 6.40% Cautious Last 1 Year 18.34% 14.37% Cautious Last 3 Years 11.14% 9.85% Cautious Last 5 Years 9.31% 8.59% Cautious Since Inception 9.25% 7.97% Moderate Last 1 Year 20.85% 16.77% Moderate Last 3 Years 13.67% 11.45% Moderate Last 5 Years 10.73% 9.31% Moderate Since Inception 12.65% 10.61% Long Term Savings Plan Last 1 Year 22.70% 17.17% Long Term Savings Plan Last 3 Years 14.11% 11.68% Long Term Savings Plan Last 5 Years 11.57% 9.83% Long Term Savings Plan Since Inception 14.83% 13.10% Very Aggressive Last 1 Year 14.98% 20.10% Very Aggressive Last 3 Years 13.21% 13.53% Very Aggressive Last 5 Years 9.64% 10.20% Very Aggressive Since Inception 15.53% 14.62% Very Cautious:- Crisil Liquid Fund Index (30%) & Crisil Composite Bond Fund Index (70%) Cautious:- Nifty - 20%, Crisil Composite Bond Fund Index - 60%, Crisil Liquid Fund Index-10% + Gold -10% # Moderate:- Nifty - 40%, Crisil Composite Bond Fund Index - 40%, Crisil Liquid Fund Index-10% + Gold-10% # Long Term Savings Plan :- Nifty - 50%, Crisil Composite Bond Fund Index - 30%, Crisil Liquid Fund Index - 5% + Gold - 15% # Very Aggressive:- Nifty - 75%, Crisil Composite Bond Fund Index - 5%, Crisil Liquid Fund Index - 5% + Gold - 15% #

5 # Benchmark against the domestic price of gold as derived from the LBMA AM fixing prices. Past Performance may or may not be sustained in the future. *Returns are CAGR. For computation of returns the allotment NAV has been taken as Rs Date of inception 18-Dec ABSOLUTE RETURNS FOR EACH FINANCIAL YEAR FOR THE LAST 5 YEARS: FY FY FY FY FY ICICI Prudential Cautious Plan - Growth Option 18.34% 7.88% 7.55% 7.01% 6.23% Nifty (20%) + Crisil Composite Bond Index (60%) + Crisil Liquid Fund Index (10%) + Gold (10%) 14.37% 6.82% 8.53% 7.20% 6.26% Past performance may or may not be sustained in the future. The above returns for the last five financial years are absolute returns. Date of inception of the scheme is December 18, FY FY FY FY FY ICICI Prudential Moderate Plan - Growth Option 20.85% 13.25% 7.36% 5.77% 7.12% Nifty (40%) + Crisil Composite Bond Fund Index (40%) + Crisil Liquid Fund Index (10%) + Gold (10%) 16.77% 9.60% 8.21% 3.77% 8.64% Past performance may or may not be sustained in the future. The above returns for the last five financial years are absolute returns. Date of inception of the scheme is December 18, FY FY FY FY FY ICICI Prudential Advisor Series - Very Aggressive Plan 14.98% 20.87% 4.44% 1.90% 7.14% Nifty (75%) + Crisil Composite Bond Fund Index (5%) + Crisil Liquid Fund Index (5%) + Gold (15%) 20.10% 13.55% 7.35% -1.18% 12.38% Past performance may or may not be sustained in the future. The above returns for the last five financial years are absolute returns. Date of inception of the scheme is December 18, FY FY FY FY FY ICICI Prudential Very Cautious Plan -Growth Option 12.53% 5.54% 9.11% 6.39% 4.59% Crisil Liquid Fund Index (30%) + Crisil Composite Bond Fund Index (70%) 12.88% 5.95% 8.92% 7.91% 5.40% Past performance may or may not be sustained in the future. The above returns for the last five financial years are absolute returns. Date of inception of the scheme is December 18, FY FY FY FY FY ICICI Prudential Advisor Series-Long Term Savings Plan 22.70% 14.36% 5.91% 6.22% 9.52% Nifty (50%) + Crisil Composite Bond Fund Indx (30%) + Crisil Liquid Fund Index (5%) + Gold (15%) 17.17% 10.20% 7.89% 3.28% 11.09% Past performance may or may not be sustained in the future. The above returns for the last five financial years are absolute returns. Date of inception of the scheme is December 18, EXPENSES OF THE SCHEME: Entry load: In terms of SEBI circular no. SEBI/IMD/CIR No.4/ /09 dated June 30, 2009, no entry load will be charged by the Scheme to the investor effective August 1, Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors assessment of various factors including the service rendered by the distributor. Exit Load Structure under the Plans: Name of the Plan i) ICICI Prudential Advisors Series Very Aggressive Plan ii) ICICI Prudential Advisors Series Moderate Plan iii) ICICI Prudential Advisors Series Cautious Plan iv) ICICI Prudential Advisors Series Very Cautious Plan v) ICICI Prudential Advisors Series Long Term Savings Plan Particulars If the amount sought to be redeemed or switched out is invested for a period of upto one year from the date of allotment If the amount sought to be redeemed or switched out is invested for a period of more than one year from the date of allotment. Nil upto 3 year from the date of allotment more than 3 year from the date of allotment. Exit Load 1 % of the applicable Net Asset Value Subject to the Regulations, the Trustee reserves the right to modify/alter the load structure and may decide to introduce a differential load structure on the Units subscribed/redeemed on any Business Day. Actual Recurring Expenses for the previous financial year ended March 31, 2015 (% of NAV) Direct Plan Regular Plan ICICI Prudential Advisor Series Long Term Savings Plan 0.25% 0.75% ICICI Prudential Advisor Series Cautious Plan 0.08% 0.75% ICICI Prudential Advisor Series Moderate Plan 0.09% 0.75% ICICI Prudential Advisor Series Very Aggressive Plan N.A. 0.75% ICICI Prudential Advisor Series Very Cautious Plan 0.45% 0.75% COMPARISON WITH EXISTING FUND OF FUNDS SCHEME: Following para shows how the Scheme is different from the existing open ended Fund of Funds Scheme of the Mutual Fund (viz. ICICI Prudential Regular Gold Savings Fund). Investment Objective ICICI Prudential Regular Gold Savings Fund (the Scheme) is a fund of funds scheme with the primary objective to generate returns by investing in units of ICICI Prudential Gold Exchange Traded Fund (IPru Gold ETF). The investments into underlying funds under the Scheme would, inter alia, be governed by: - The investment management style of such scheme - The tolerance and the risk profile of such schemes - The asset allocation (such as equity or debt) of such Schemes However, there can be no assurance that the investment objectives of the Scheme will be realized. Asset Allocation as per the SID (in %) Units of ICICI Prudential Gold Exchange Traded Fund 95% - 100% Debt & Money Market Instruments (including cash & 0% - 5% cash equivalent and Liquid/Debt Funds). Investment Strategy of ICICI Prudential Regular Gold Savings Fund: The scheme would endeavor to provide investment returns linked to the underlying scheme. The scheme intends to achieve its investment objective by investing in ICICI Prudential Gold Exchange Traded Funds and Debt & Money Market Instruments. The AMC shall endeavor that the returns of ICICI Prudential Regular Gold Savings Fund will replicate the returns generated by ICICI Prudential Gold Exchange Traded Fund and is not expected to deviate more than 2% on an annualized basis net of recurring expenses in the Scheme. The deviation from the underlying ETF may occur mainly on account of the receipt of cash flows which on an average takes 5 days given the existing operational procedure. The Scheme will invest in ICICI Prudential Gold Exchange Traded Fund directly or through secondary market. Number of Folios as on 31/03/2015: 15,990 Average Assets Under Management as on 31/03/2015: Rs Crores WAIVER OF LOAD FOR DIRECT APPLICATIONS: Not Applicable. Pursuant to SEBI circular no. SEBI/IMD/CIR No.4/ /09 dated June 30, 2009 no entry load shall be charged for all mutual fund schemes. Therefore, the procedure for waiver of load for direct applications is no longer applicable. TAX BENEFITS OF INVESTING IN THE MUTUAL FUND: Investors are advised to refer to Statement of Additional Information (SAI) available on the website of AMC viz; and also independently refer to the tax advisor. DAILY NET ASSET VALUE (NAV) PUBLICATION: The NAV will be calculated and disclosed at the close of every Business Day. In accordance with the SEBI circular no. SEBI/IMD/CIR No.5 /96576/2007, dated June 25, 2007, the NAV of the scheme shall be uploaded on the website of theamc and AMFI by am of the following business day. Nil 1 % Nil 5

6 The AMC shall endeavour to publish the NAVs of the Schemes in 2 daily newspapers having circulation all over India on a daily basis with one day time lag. In addition, the AMC will disclose details of the portfolio at least on a halfyearly basis. NAV of the Scheme shall be made available at all Customer Service Centers of the AMC. In case of any delay, the reasons for such delay would be explained to AMFI and SEBI by the next day. For Investor Grievances please contact: Name and Address of Registrar Name, address, telephone number, fax number, address of ICICI Prudential Mutual Fund Computer Age Management Mr. Yatin Suvarna Investor Relations Officer Services Pvt. Ltd. ICICI Prudential Asset Management Company Ltd. Unit: ICICI Prudential Mutual Fund 2nd Floor, Block B-2, Nirlon Knowledge Park, New No 10. Old No. 178, Western Express Highway, Goregaon (East), Opp. to Hotel Palm Grove, Mumbai MGR Salai (K.H. Road), Phone: (91)(22) , Fax: (91)(22) Chennai enquiry@icicipruamc.com Unitholders Information: The AMC shall disclose portfolio of the Scheme on the website alongwith ISIN on a monthly basis as on last day of each month, on or before tenth day of the succeeding month. The Fund shall before the expiry of one month from the close of each half year, that is as on March 31 and September 30, publish its scheme portfolios in one English daily newspaper having all India circulation and in a newspaper published in the language of the region where the Head Office of the AMC is situated in the prescribed format and update the same on AMC's website at and AMFI's website In terms of Regulations 59 and SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012, the AMC shall within one month from the close of each half year, that is on 31st March and on 30th September, host a soft copy of its unaudited financial results on their website. The half-yearly unaudited report shall contain details as specified in Twelfth Schedule and such other details as are necessary for the purpose of providing a true and fair view of the operations of the mutual fund. Further, the AMC shall publish an advertisement disclosing the hosting of such financial results on their website, in atleast one English daily newspaper having nationwide circulation and in a newspaper having wide circulation published in the language of the region where the Head Office of the mutual fund is situated. It is hereby notified that wherever the investor(s) has/have provided his/their address in the application form in any of the folio belonging to the investor(s), the Fund/ Asset Management Company reserves the right to use Electronic Mail ( ) as a default mode to send various communications for transactions done by the investor(s). Transaction Charges Pursuant to SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011 transaction charge per subscription of Rs.10,000/- and above may be charged in the following manner: i. The existing investors may be charged Rs.100/- as transaction charge per subscription of Rs.10,000/- and above; ii. A first time investor may be charged Rs.150/- as transaction charge per subscription of Rs.10,000/- and above. There shall be no transaction charge on subscription below Rs. 10,000/- and on transactions other than purchases/ subscriptions relating to new inflows. In case of investment through Systematic Investment Plan (SIP), transaction charges shall be deducted only if the total commitment through SIP amounts to Rs. 10,000/- and above. The transaction charges in such cases shall be deducted in 4 equal installments. Investors may note that distributors can opt to receive transaction charges based on 'type of the Scheme'. Accordingly, the transaction charges would be deducted from the subscription amounts, as applicable. The aforesaid transaction charge shall be deducted by the Asset Management Company from the subscription amount and paid to the distributor, as the case may be and the balance amount shall be invested in the relevant scheme opted by the investor. However, upfront commission to distributors will be paid by the investor directly to the distributor, based on his assessment of various factors including the service rendered by such distributor. Transaction Charges shall not be deducted if: Purchase/Subscription made directly with the fund through any mode (i.e. not through any distributor/agent). Purchase/ subscription made through stock Exchange, irrespective of investment amount. CAS/ Statement of account shall state the net investment (i.e. gross subscription less transaction charge) and the number of units allotted against the net investment. Consolidated Account Statement (CAS) 1. The Consolidated Account Statement (CAS) for each calendar month will be issued on or before tenth day of succeeding month to the investors who have provided valid Permanent Account Number (PAN). Due to this regulatory change, AMC shall now cease to send physical account statement to the investors after every financial transaction** including systematic transactions. Further, CAS will be sent via where any of the folios consolidated has an id or to the id of the first unit holder as per KYC records. **The word 'financial transaction' shall include purchase, redemption, switch, dividend payout, dividend reinvestment, systematic investment plan, systematic withdrawal plan, systematic transfer plan and bonus transactions. 2. For folios not included in the Consolidated Account Statement (CAS), the AMC shall henceforth issue account statement to the investors on a monthly basis, pursuant to any financial transaction in such folios on or before tenth day of succeeding month. In case of a New Fund Offer Period (NFO), the AMC shall send confirmation specifying the number of units allotted to the applicant by way of a physical account statement or an and/or SMS's to the investor's registered address and/or mobile number not later than five business days from the date of closure of the NFO. 3. In case of a specific request received from the unit holder, the AMC shall provide the account statement to the investors within 5 business days from the receipt of such request. 4. In the case of joint holding in a folio, the first named Unit holder shall receive the CAS/account statement. The holding pattern has to be same in all folios across Mutual Funds for CAS. Further, in case if no transaction has taken place in a folio during the period of six months ended September 30 and March 31, the CAS detailing the holdings across all Schemes of all mutual funds, shall be ed at the registered address of the unitholders on half yearly basis, on or before tenth day of succeeding month, unless a specific request is made to receive the same in physical form. In case of the units are held in dematerialized (demat) form, the statement of holding of the beneficiary account holder will be sent by the respective Depository Participant periodically. The AMC reserve the right to furnish the account statement in addition to the CAS, if deemed fit in the interest of investor(s). CAS for investors having Demat account: Investors having MF investments and holding securities in Demat account shall receive a single Consolidated Account Statement (CAS) from the Depository. Consolidation of account statement shall be done on the basis of Permanent Account Number (PAN). In case of multiple holding, it shall be PAN of the first holder and pattern of holding. The CAS shall be generated on a monthly basis. If there is any transaction in any of the Demat accounts of the investor or in any of his mutual fund folios, depositories shall send the CAS within ten days from the month end. In case, there is no transaction in any of the mutual fund folios and demat accounts then CAS with holding details shall be sent to the investor on half yearly basis. In case an investor has multiple accounts across two depositories, the depository with whom the account has been opened earlier will be the default depository. The dispatch of CAS by the depositories would constitute compliance by the AMC/ the Mutual Fund with the requirement under Regulation 36(4) of SEBI (Mutual Funds) Regulations. However, the AMC reserves the right to furnish the account statement in addition to the CAS, if deemed fit in the interest of investor(s). MAILING OF SCHEME WISE ANNUAL REPORT OR ABRIDGED SUMMARY: Pursuant to Securities and Exchange Board of India (Mutual Funds) (Amendments) Regulations, 2011 dated August 30, 2011 read with SEBI circular No. Cir/ IMD/ DF/16/ 2011 dated September 8, 2011, the unit holders are requested to note that scheme wise annual report and/or abridged summary of annual reports of the Schemes of the Fund shall be sent to the unit holders only by at their address registered with the Fund. Physical copies of the annual report or abridged summary of annual reports will be sent to those Unit holders whose address is not available with the Fund and/or who have specifically requested or opted for the same. The unit holders are requested to update/ provide their address to the Fund for updating the database. Physical copy of the scheme wise annual report or abridged summary will be available to the unit holders at the registered office of the Fund/AMC. A separate link to scheme annual report or abridged summary is available on the website of the Fund. As per regulation 56(3) of the Regulations, copy of Schemewise Annual Report shall be also made available to unitholder on payment of nominal fees. Further as per Securities and Exchange Board of India (Mutual Funds) (Third Amendment) Regulations, 2008 Notification dated September 29, 2008 & SEBI Circular No. SEBI/ IMD/CIR No. 10/141712/08 October 20, 2008, the schemewise Annual Report of a mutual fund or an abridged summary shall be mailed to all unitholders as soon as may be possible but not later than four months from the date of closure of the relevant accounts year. CASH INVESTMENTS IN THE SCHEME: Pursuant to SEBI circulars dated September 13, 2012 and May 22, 2014, it is permitted to accept cash transactions to the extent of Rs. 50,000/- subject to compliance with Prevention of Money Laundering Act, 2002 and Rules framed there under and the SEBI Circular(s) on Anti Money Laundering (AML) and other applicable AML rules, regulations and guidelines. Provided that the limit shall be applicable per investor for investments done in a financial year across all schemes of the Mutual Fund, subject to sufficient systems and procedures in place for such acceptance. However any form of repayment either by way of redemption, dividend, etc. with respect to such cash investment shall be paid only through banking channel. The Asset Management Company is in process of implementing adequate systems and controls to accept Cash Investment in the Schemes. Information in this regard will be provided to Investors as and when the facility is made available. MULTIPLE BANK ACCOUNTS: The unit holder/ investor can register multiple bank account details under its existing folio by submitting separate form available on the website of the AMC at Individuals/HUF can register upto 5 different bank accounts for a folio, whereas non-individuals can register upto 10 different bank accounts for a folio. 6