May 2012 SIP Insure SIP Insure An SIP with the power of a free insurance cover! Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
The Market O v e r v i e w Global Economy News flows from developed economies was mixed. Growth indicators held up well in the US but disappointed in Europe and Japan. Bank of Japan and ECB (European Central Bank) continued with monetary easing. The monthly non-farm payroll number in US disappointed but growth indicators remained healthy. The members of the Federal Open Market Committee (FOMC) appeared more optimistic about the prospects for economic growth and jobs in America than at a previous meeting held in January. The British economy returned to recession as the economy contracted for the second consecutive quarter. In Japan, the central bank delivered more easing than expected. In Europe, while the monetary easing continued, the debate on the extent of austerity measures intensified. In China, the economy grew at an annual pace of 8.1% in the first quarter marking a deceleration from 8.9% growth rate recorded in the previous quarter (Source: Reuters). Domestic Fundamentals After falling for two consecutive months, HSBC India Manufacturing PMI (Purchasing Managers Index) India edged up a mere 0.2pt to 54.9 in April (Source: HSBC). Industrial Production growth accelerated to 4.1% year-on-year (YoY) in February compared with growth of 1.1% YoY in January (revised downward from 6.8% earlier), and 2.5% YoY in December 2011 (Source: MOSPI). The headline inflation rate (Wholesale Price Index-WPI) remained steady at 6.89%YoY in March 2012 compared to 6.95% YoY in February 2012. While non-food manufactured inflation moderated in Mar-12 due to high base effect last year, food inflation accelerated, offsetting some of the benefit of lower non-food manufactured inflation (Source: Office of Economic Adviser). Equity Market Outlook buying interest and net bought $154mn in Apr with the YTD net selling number now at $4.3bn. Amongst the DIIs, Mutual Funds continued to be net sellers to the tune of $132mn while the buying interest was seen from Insurance companies, who bought in close to $286mn (Source: SEBI). Quarterly earnings season has been a mixed bag so far. Private sector banks, Consumer companies have fared better, while performance has been extremely varied for global sectors. Consumer Staples, Consumer Discretionary and Health Care out-performed. IT services underperformed as one of the major bell weather stock missed guidance. Telecom stocks were adversely impacted by the TRAI s 2G spectrum pricing recommendations. Indian equities recorded yet another month of weak performance after having started the year with an impressive rally. With the overhang on GAAR (General Anti-Avoidance Rules) related tax issues continuing all of the month, regulatory surprises continuing to catch the industry on the wrong foot and Europe concerns re-emerging, the market did not bounce back. So much so that the much-awaited RBI rate cut which in fact surprised on the upside, did little to change sentiments. Outlook: We believe that markets will still continue to be volatile and will be driven by flows, global oil prices or domestic triggers like government execution of the budget blueprint, pass through of oil prices and monsoons etc. Hence the only clear direction is that of volatility. While there are challenges abound, positive cues continue to provide optimism. Factors like moderating inflation and a downward interest rate bias from here on. Therefore, in our view the Indian economy in 2012 can continue to deliver on growth, albeit we are able to leverage on our positives and demonstrate affirmative action and execution. In the light of liquidity issues and the slowing growth in the economy, the RBI finally kicked off its rate reversal cycle. The cut to the tune of 50bps in the repo rate was in fact higher than expected and RBI issued statements tempering expectations of a further rate cut in the near future (Source: RBI). Rupee continued with its downward spiral for the second consecutive month & ended another 4% lower at ~52.7. (Source: Bloomberg) Standard & Poor s (S&P) also revised its economic outlook for India to negative from stable. The reason cited for the downgrade is the large fiscal deficit, lower expectations of economic reforms and slowing down of Gross Domestic Product (GDP) growth. Later, Finance Minister Pranab Mukherjee termed S&P s move as a timely warning and assured that economic reforms would be done to check fiscal deficit at 5.1% of the GDP for 2012-13, as projected in the Budget (Source: Reuters). Market Sentiments The market will require the government to take the fiscal consolidation roadmap ahead with possible increase in oil/ petrol prices without which the fiscal deficit scenario will have no resolution. Until then we continue to look for triggers like those mentioned above for changing our neutral weight to being positive on equities and recommending an increased allocation to equity for investors. Product Recommendations: Our view on volatility still stands strong. We continue to believe that lump sum investments into funds like ICICI Prudential Dynamic Plan and ICICI Prudential Equity and Derivatives Fund - Volatility Advantage Plan are positioned to benefit investors through capitalizing on inherent volatility of the Indian equity markets. Staggered investments through Systematic Investment Plan (SIP) in ICICI Prudential Discovery Fund and ICICI Prudential Focused Bluechip Equity Fund will add to investors long term return potential. Finally let asset allocation be the most important guiding principle for investors. For the first time this year, FIIs (Foreign Institutional Investors) turned into net sellers and pared their India investments by $115mn. However, their year till date (YTD) buying still remains an impressive $8.7bn. Domestic Institutional Investors on the other hand, showed 2
The Market Equity Market Outlook Technicals (Data Source : Bloomberg) O v e r v i e w Investments by Apr-12 Mar-12 Institutions in the cash segment (Rs. Cr) FIIs (Net Purchases (568) 7,731 / Sales) MFs (Net Purchases (676) (1,412) / Sales) Avg Daily Open Interest (Rs. Cr) Index Futures 13431 18924 Stock Futures 27483 31324 Index Options 58089 71429 Stock Options 6036 6956 Total 105038 128633 Avg Daily Volumes (Rs. Cr) Cash Segment BSE 2103 2827 NSE 9900 12876 Total 12003 15703 Derivative Segment NSE 110358 135409 Total 110358 135409 Avg Advance Decline Ratio BSE 1.09 0.93 NSE 1.09 1.05 Valuation Ratios Apr-12 Mar-12 P/E ratio- Sensex 17.64 17.78 P/E ratio- Nifty 18.12 18.71 Price/Book Value Ratio- Sensex 3.18 3.45 Price/Book Value 3.08 3.01 Ratio-Nifty Dividend Yield-Sensex 1.71 1.48 Dividend Yield-Nifty 1.52 1.50 Indices Movement Apr-12 Mar-12 Sensex -0.49% -1.02% Nifty -0.90% -0.83% BSE Mid Cap -0.48% -0.11% BSE Small Cap 2.04% -2.99% BSE Realty -4.75% -6.04% BSE Metals -2.47% -5.05% BSE Consumer 2.96% -1.86% Durables BSE Capital Goods -6.17% -2.24% Bankex 0.66% -0.67% BSE PSU -0.85% -5.14% BSE Auto 5.04% 2.32% BSE Oil & Gas -1.50% -6.28% BSE Teck Index -6.63% -1.05% BSE Healthcare 2.56% 4.30% BSE FMCG 6.21% 8.38% 23000 22000 21000 20000 19000 18000 17000 16000 15000 14000 13000 12000 11000 10000 9000 8000 CHEAP 8x -10x STRETCHED 19x plus FAIR VALUE PLUS 16x -18x FAIR 13x -15x ATTRACTIVE 11x -12x 31-Jan-06 31-Mar-06 31-May-06 30-Jun-06 31-Aug-06 31-Oct-06 31-Dec-06 28-Feb-07 30-Apr-07 30-Jun-07 31-Aug-07 31-Oct-07 31-Dec-07 29-Feb-08 30-Apr-08 30-Jun-08 31-Jul-08 30-Sep-08 31-Jan-08 31-Jan-09 30-Apr-09 30-Jun-09 31-Jul-09 30-Sep-09 31-Nov-09 31-Jan-10 31-Mar-10 31-May-10 31-Jul-10 30-Sep-10 31-Nov-10 31-Jan-11 31-Mar-11 31-May-11 31-Jul-11 31-Aug-11 31-Oct-11 31-Dec-11 29-Feb-12 30-Apr-12 Valuation levels of the Sensex based on earnings estimate of Rs.1266 ( 4 Quarter Forward) MARKET CHEAP ATTRACTIVE FAIR FAIR VALUE PLUS STRETCHED BUBBLE EQUITY Over Invested Neutral + Neutral Neutral - Under Invested Exit ALLOCATION 70%-80% 55%-65% 50% 35%-45% 15%-25% 5%-10% Suggested Equity Allocation (Assuming 50% equity allocation as neutral) Note : The source for the above information is Bloomberg, www.mospi.nic.in, www.rbi.org.in. None of the aforesaid product recommendations are based on any assumptions. These are purely for reference and the Investors are requested to consult their financial advisors before investing. 3
The Market O v e r v i e w Impact on Interest Rates FACTORS Short Term Medium Term (1-3 Months) (3-6 Months) Inflation NEGATIVE NEUTRAL The headline inflation rate (Wholesale Price Index- WPI) remained steady at 6.89%year-on-year (YoY) in March 2012 compared to 6.95%YoY in February 2012. While non-food manufactured inflation moderated in Mar-12 due to high base effect last year, food inflation accelerated, offsetting some of the benefit of lower non-food manufactured inflation (Source: Office of Economic Adviser).In the event of a normal monsoon and global crude prices not going beyond US$115-120 per barrel we expect WPI inflation numbers for March 2013 to be around Reserve Bank of India s expectation at 6.5% assuming some pass through of petro-prices. Money Supply NEUTRAL NEUTRAL Money supply (M3) growth inched up to 13.13% as of April 20, 2012 from 13.10% as of March 23, 2012. For quite some time now, M3 has remained below the Reserve Bank of India s (RBI) projection of 15% for 2012-13 owing to slowdown in growth of time and demand deposits. During the month, liquidity crisis eased substantially due to Government spending; hence there were no open market operations (OMOs). The daily net average borrowing through repo window in the banking system (repo less reverse repo balance) remained around Rs 1,00,000 crore compared to Rs 1,47,000 crore in the previous month. Although inter-bank call money rates dropped from their previous month high, rates remained stable in the range of 8% to 9% thereafter. (Source: www.rbi.org.in) Credit Demand NEUTRAL NEUTRAL Credit growth rose to 17.63% as of April 20, 2012 from 16.98% Y-o-Y as of March 23, 2012 but remained below the central bank s projected 18% target. The rise in credit off-take could be due to the effect of quarter and financial year-end working capital needs. Further rise in lending activities may be seen as the larger-than-expected repo cut could provide push for fresh lending and prompted banks to reduce their base rates. (Source: www.rbi.org.in) Government Borrowings NEGATIVE NEUTRAL For the Government, the key to fiscal consolidation lies in the reduction in subsidies and we are hoping that we will see petrohikes soon. Such a step would signal not only the government s commitment to continue with the reform agenda but also more importantly help the government to stick to its fiscal deficit target. If this doesn t happen, then the deficit number could be higher and could force the government to borrow more that the budgeted figures. Foreign Exchange NEUTRAL NEUTRAL INR depreciated further for the second consecutive month due to dollar demand from oil importers and some selling by foreign investors. The outlook on the currency turned bearish as sentiments were affected due to rising current account deficit, uncertainty about Fixed Income Market Outlook economic growth and fiscal imbalance. After the currency crossed Rs 52 and touched a high of Rs 52.75 in the month, there were no signs of RBI intervention noticed in the Forex market. The influential factor could be modest foreign currency reserve and tight liquidity condition. Forex reserves saw a marginal decline to $294.60 billion as of April 16, 2012 from $294.82 billion as of March 12, 2012 due to combined effect of higher oil imports and net selling from FIIs in equity and debt market. (Source: Reuters & www.sebi.gov.in) RBI Policy NEUTRAL POSITIVE RBI has surprised almost everybody in the market by the 50 bps repo cut. Most of the market was expecting a cut by 25 bps while as few were expecting no cut. RBI has indicated that there is limited scope for further rate cuts. In our view, RBI s next rate cut moves are likely to come as economic growth slows further and inflation trends lower. We expect RBI to cut rates by about 50 bps most likely in two trenches over the course of next 9-12 months. Market Sentiment NEGATIVE NEUTRAL The long bond markets rallied sharply on the more than expected rate cut by RBI. But the euphoria was short lived as expectation of further rate cuts came down and large supply of government bonds scheduled in the first half of the year weighed heavily on the markets. Outlook We expect the shorter end of the yield curve to steepen. We expect operative rates to be cut by 50 bps over the course of next 9-12 months time. This will impact the shorter end of the yield curve. The longer end will continue to remain influenced by G-Sec demand and supply equation. We expect trading rallies to continue on the back of any news on fiscal adjustment, OMOs etc. Rs.15,000 to 16,000 crores of auction supply is quite large and the markets do not have the way to handle that without a significant intervention either from RBI or from policy action by government. We think that we are likely to see rates moving between 8.40-8.70 range in the near term. If the government does raise fuel prices then possibly the positive sentiment will bring down these levels because then RBI has some headroom in terms of monitory policy easing. Product Recommendations As far as our recommendations are concerned we continue to believe that the 1 to 3 years space is the most attractive in terms of risk adjusted basis. We expect that ICICI Prudential Regular Savings Fund, ICICI Prudential Short Term Plan may continue to offer good value as the yield curve steepens. We believe that this segment might offer returns with relatively low volatility. Investors can look at duration play but need to be prepared for volatility and with an investment horizon of 18-24 months. They can add duration about 8.70-8.75 levels on the 10 year G-Sec and reduce allocations at 8.25-8.30 levels. Note : None of the aforesaid product recommendations are based on any assumptions. These are purely for reference and the Investors are requested to consult their financial advisors before investing. 4
INDEX Fund Name Brief Description Page No. ICICI Prudential Dynamic Plan Conservative Equity Opportunities Fund 6 ICICI Prudential Focused Bluechip Equity Fund Concentrated Large Cap Fund 7 ICICI Prudential Discovery Fund Value Style Investing Fund 8 ICICI Prudential Infrastructure Fund Thematic Fund encompassing Infrastructure 9 ICICI Prudential Tax Plan Open Ended ELSS 10 ICICI Prudential Top 200 Fund Blend of Large & Mid Cap Equity 11 ICICI Prudential Midcap Fund Mid Cap Oriented Fund 12 ICICI Prudential Indo Asia Equity Fund Blend of Indian & Asian Equities (through an International Fund) Fund 13 ICICI Prudential Target Returns Fund (Open Ended Diversified Equity Fund. There is no guarantee or assurance Large Cap Oriented Fund based on Asset Allocation Trigger 14 of returns.) ICICI Prudential Top 100 Fund Large Cap Oriented Fund 15 ICICI Prudential Services Industries Fund Services Industry Oriented Thematic Fund 16 ICICI Prudential Banking & Financial Services Fund Banking & Financial Services Sector Oriented Fund 17 ICICI Prudential Technology Fund Technology Sector Oriented Fund 18 ICICI Prudential FMCG Fund FMCG Sector Oriented Fund 19 ICICI Prudential Child Care Plan (Gift) Child Benefit Oriented Plan 20 ICICI Prudential Index Fund Nifty Index Fund 21 ICICI Prudential Nifty Junior Index Fund Index Fund 22 SENSEX Prudential ICICI Exchange Traded Fund Exchange Traded Sensex Fund 23 ICICI Prudential R.I.G.H.T (Rewards of investing & Closed Ended ELSS generation of healthy tax savings) Fund 24 ICICI Prudential Blended Plan - Plan A Equity Arbitrage Fund 25 ICICI Prudential Equity & Derivatives Fund Volatility Dynamic PB Ratio Fund Advantage Plan 26 ICICI Prudential Equity & Derivatives Fund Income Equity Arbitrage Fund Optimiser Plan 27 ICICI Prudential Balanced Fund Balanced Fund 28 ICICI Prudential Child Care Plan (Study) Child Benefit Oriented Plan 29 ICICI Prudential MIP 25 (An open ended Income fund. Monthly income is not assured and is subject to the availability Hybrid Fund with maximum 30% in Equity 30 of distributable surplus.) ICICI Prudential Monthly Income Plan (An open ended fund. Monthly income is not assured and is subject to the availability Hybrid Fund with maximum 15% in Equity 31 of distributable surplus.) ICICI Prudential MIP 5 (An open ended fund. Monthly income is not assured and is subject to the availability of distributable Hybrid Fund with maximum 10% in Equity 32 surplus.) ICICI Prudential Money Market Fund Open Ended Money Market Fund 33 ICICI Prudential Liquid Plan Open Ended Liquid Fund 34 ICICI Prudential Flexible Income Plan Conservative Ultra Short Term Income Fund 35 ICICI Prudential Floating Rate Plan Ultra Short Term Income Fund 36 ICICI Prudential Blended Plan - Plan B Debt Arbitrage Fund 37 ICICI Prudential Banking & PSU Debt Fund Ultra Short Term Income Fund predominantly investing in Banking & PSU Debt 38 ICICI Prudential Ultra Short Term Plan Aggressive Ultra Short Term Income Fund 39 ICICI Prudential Medium Term Plan Medium Term Income Fund 40 ICICI Prudential Corporate Bond Fund Long Term Income Fund 41 ICICI Prudential Short Term Plan Short Term Income Fund 42 ICICI Prudential Long Term Plan Long Term Income Fund 43 ICICI Prudential Regular Savings Fund Retail Debt Savings Fund 44 ICICI Prudential Income Opportunities Fund Dynamic Bond Fund 45 ICICI Prudential Income Plan Long Term Income Fund 46 ICICI Prudential Gilt Fund Treasury Plan Short Term Gilt Fund 47 ICICI Prudential Gilt Fund Investment Plan Medium to Long Term Gilt Fund 48 ICICI Prudential Gilt Fund Treasury Plan PF Option Short Term Gilt Fund 49 ICICI Prudential Gilt Fund Investment Plan PF Option Medium to Long Term Gilt Fund 50 ICICI Prudential Gold Exchange Traded Fund Gold Exchange Traded Fund 51 ICICI Prudential Regular Gold Savings Fund Open Ended Fund of Funds Scheme 52 ICICI Prudential Fixed Maturity Plans Fixed Maturity Plans 53-70 ICICI Prudential Interval Funds Interval Funds 71-75 ICICI Prudential Multiple Yield Fund Close ended Debt Fund 76-79 ICICI Prudential Capital Protection Oriented Fund Close ended Capital Protection Oriented Fund 80-84 ICICI Prudential Advisor Series Fund of Funds Scheme 85-86 Annexure for Returns of all the Schemes 87-89 Annexure - I 90 Annexure - II 91 Dividend History for all Schemes 92-97 Statutory Details & Risk Factors 98 5
ICICI Prudential Dynamic Plan Open Ended Diversified Equity Fund Wealth Creation Oriented Solution WHY SHOULD ONE INVEST? Medium term investment of funds having potential for capital appreciation by managing cash and equity portfolio Style Box Returns of Growth Option as on March 31, 2012 79% 13% Fund Details Fund Managers** : Sankaran Naren (Managing this fund since Feb, 2012 & Overall 22 years of experience in Fund Management, Equity Research,Operations etc.) Mittul Kalawadia (Managing this fund since Feb, 2012 & Overall 6 years of experience of which 3 years as equity analyst) Indicative Investment Horizon: 3 yrs and more Inception date: 31-10-2002 AAUM as on 31-Mar-12 : Rs. 4,118.77 crores Growth option : Rs. 104.0906 Dividend option : Rs. 17.0462 Institutional Option : Rs. 9.7276 Institutional Option-I : Rs. 16.4873 Options : Growth & Dividend & Institutional Option I (Growth& Dividend) & Institutional Option I (Growth ) Default Option : Growth Application Amount : Rs.5,000 (plus in multiples of Re.1) Institutional & Institutional I: Rs. 1 Crore (plus in multiples of Re.1) Min.Addl.Investment : Rs.500 & in multiples thereof. Institutional & Institutional I : Rs. 10,000 Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil Min.Redemption Amt. : Rs.500 & in multiples thereof SIP : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re1/- STP : Minimum Amount Rs. 1,000/-; Maximum Period: 10 years : Available. 8% Particulars March 31, 2011 to March 31, 2012 March 31, 2010 to March 31, 2011 March 31, 2009 to March 31, 2010 Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs. 10000 CAGR (%) Scheme -2.85 14.67 92.24 106126.60 28.50 S&P CNX Nifty -9.23 11.14 73.76 55660.61 19.99 NAV Per Unit (Rs) 109.25 95.27 49.56 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:31-oct-02. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is S&P CNX Nifty. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by Mr. Sankaran Naren is 2 and Mr. Mittul Kalawadia is 2. Refer annexure on page no. 87 for performance of schemes currently managed by fund managers. Company/Issuer % to % to NAV NAV Derivatives Auto 2.99% -3.70% Tata Motors Ltd. 2.14% Tata Motors Ltd.-Futures -3.70% Bajaj Auto Ltd 0.86% Auto Ancillaries 1.06% Balkrishna Industries Ltd. 0.99% Alicon Castalloy Ltd 0.07% Banks 13.33% ICICI Bank Ltd. 5.57% Standard Chartered PLC - IDR 4.89% Union Bank Of India 1.98% Karur Vysya Bank Ltd. 0.88% Cement 0.61% Birla Corporation Ltd. 0.61% Construction Project 0.23% Voltas Ltd. 0.23% Consumer Durables 0.08% Blue Star Ltd. 0.08% Ferrous Metals 1.30% Tata Steel Ltd. 1.08% Usha Martin Ltd. 0.22% Fertilisers 0.48% Coromandel International Ltd. 0.37% Gujarat Narmada Valley Fertilizers Company Ltd. 0.11% Finance 0.40% Kalyani Investment Co Ltd 0.25% Mahindra & Mahindra Financial Services Ltd. 0.15% Multi Commodity Exchange Of India Ltd. 0.04% Gas 1.71% GAIL (India) Ltd. 1.71% Healthcare Services 0.23% Bilcare Ltd. 0.23% Hotels 0.35% Indian Hotels Company Ltd. 0.35% Industrial Capital Goods 1.86% Texmaco Rail & Engineering Ltd. 0.62% AIA Engineering Ltd. 0.58% ABG Infralogitics Ltd. 0.28% Texmaco Infrastructure & Holdings Ltd. 0.23% Gujarat Apollo Inds. Ltd. 0.14% Industrial Products 0.66% Sintex Industries Ltd. 0.37% Electrosteel Castings Ltd. 0.15% Kirloskar Brothers Ltd. 0.14% Media & Entertainment 0.54% Jagran Prakashan Ltd. 0.39% Dish T V India Ltd. 0.15% Minerals/Mining 2.37% Coal India Ltd. 1.63% Sesa Goa Ltd. 0.75% Non - Ferrous Metals 4.15% Portfolio as on April 30,2012 Company/Issuer % to % to NAV NAV Derivatives Sterlite Industries (India) Ltd. 3.92% Hindalco Industries Ltd. 0.24% Oil 2.58% Oil & Natural Gas Corporation Ltd. 2.58% Pesticides 3.20% United Phosphorus Ltd. 3.20% Petroleum Products 9.74% Reliance Industries Ltd. 9.74% Pharmaceuticals 11.01% -0.50% Cipla Ltd. 4.46% Cipla Ltd.-Futures -0.50% Sun Pharmaceutical Industries Ltd. 2.26% Cadila Healthcare Ltd. 1.89% FDC Ltd. 0.80% Torrent Pharmaceuticals Ltd. 0.78% IPCA Laboratories Ltd. 0.50% Shilpa Medicare Ltd. 0.32% Power 3.46% Power Grid Corporation Of India Ltd. 1.88% CESC Ltd. 0.48% SJVN Ltd. 0.40% Kalpataru Power Transmission Ltd. 0.37% Tata Power Company Ltd. 0.33% Software 17.47% Infosys Ltd. 10.23% Wipro Ltd. 4.94% Oracle Financial Services Software Ltd 1.64% HCL Technologies Ltd. 0.43% Mahindra Satyam Ltd 0.16% Tata Consultancy Services Ltd. 0.07% Telecom - Services 8.29% Bharti Airtel Ltd. 7.45% Tata Communications Ltd 0.83% Textile Products 0.19% Siyaram Silk Mills Ltd. 0.19% Textiles - Cotton 0.54% Vardhman Textiles Ltd. 0.54% Textiles - Synthetic 0.53% JBF Industries Ltd. 0.53% Trading 0.15% Redington (India) Ltd. 0.15% Transportation 0.32% Container Corporation Of India Ltd. 0.29% Great Eastern Shipping Company Ltd. 0.03% Index Futures/Options -3.43% S&P CNX Nifty-Futures -3.43% Short Term Debt and other current assets 17.74% Total Net Assets 100.00 % Top Ten Holdings Derivatives are considered at exposure value. Quantitative Indicators Average P/E : 14.59 Average P/BV : 2.48 Average Dividend Yield : 1.51 Annual Portfolio Turnover Ratio : 1.31 times Std Dev (Annualised) : 19.78% Sharpe Ratio : 0.70 Portfolio Beta : 0.74 R squared : 0.91 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946% **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. 6
ICICI Prudential Focused Bluechip Equity Fund Open Ended Equity Scheme Wealth Creation Oriented Solution WHY SHOULD ONE INVEST? Aim to maximize long-term total return by investing in equity and equity related securities of about 20 large-cap companies Style Box 100% 0% 0% Fund Details Fund Managers** : Manish Gunwani (Managing this fund from Jan 2012 & 8 years in Equity Research and 1½ year in fund management) Indicative Investment Horizon: 3 yrs and more Inception date: 23-05-2008 AAUM as on 31-Mar-12: Rs. 3,805.27 crores Growth option : Rs. 16.1400 Dividend option : Rs. 15.4000 Institutional Option -I : Rs. 16.6800 Options : Growth & Dividend & Institutional Option I (Growth) Default Option : Growth Application Amount : Retail: Rs.5,000 (plus in multiples of Re.1) Institutional I : Rs. 1 Crores (plus in multiples of Re.1) Min.Addl.Investment : Retail: Rs.1000/- (plus in multiples of Re.1/-) Institutional Option I : Rs.10,000/- (plus in multiples of Re.1/-) Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil Min.Redemption Amt. : Rs. 500 and in multiples of Re. 1/- SIP : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Retail Option: Rs.500 and in multiples of Re. 1/- STP : Minimum Amount Rs. 1,000/-; Maximum Period: 10 years : Available. Particulars March 31, 2011 to March 31, 2012 Company/Issuer % to % to NAV NAV Derivatives Auto 9.07% Bajaj Auto Ltd 5.31% Mahindra & Mahindra Ltd. 2.04% Tata Motors Ltd. 1.72% Banks 23.36% -0.52% HDFC Bank Ltd. 7.70% HDFC Bank Ltd.-Futures 0.32% ICICI Bank Ltd. 4.96% Kotak Mahindra Bank Ltd. 3.94% Axis Bank Ltd. 3.79% Bank Of Baroda 2.13% Punjab National Bank 0.83% Punjab National Bank-Futures -0.84% Construction Project 2.23% Larsen & Toubro Ltd. 2.23% Consumer Non Durables 7.73% ITC Ltd. 7.23% Marico Ltd. 0.50% Ferrous Metals 1.93% 0.24% Tata Steel Ltd. 1.93% Tata Steel Ltd.-Futures 0.24% Gas 1.47% GAIL (India) Ltd. 1.47% Minerals/Mining 2.13% Coal India Ltd. 2.13% Non - Ferrous Metals 5.36% Hindustan Zinc Ltd. 4.33% Sterlite Industries (India) Ltd. 1.03% Oil 4.03% Oil & Natural Gas Corporation Ltd. 2.75% Returns of Growth Option as on March 31, 2012 March 31, 2010 to March 31, 2011 March 31, 2009 to March 31, 2010 Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs. 10000 Since inception Company/Issuer % to % to NAV NAV Derivatives Quantitative Indicators Average P/E : 17.05 Average P/BV : 3.68 Average Dividend Yield : 1.50 Annual Portfolio Turnover Ratio : 0.63 times Std Dev (Annualised) : 21.52% Sharpe Ratio : 0.68 Portfolio Beta : 0.83 R squared : 0.97 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946%. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. CAGR (%) Scheme -3.66 19.15 89.33 16300.00 13.51 S&P CNX Nifty -9.23 11.14 73.76 10705.54 1.78 NAV Per Unit (Rs) 16.92 14.20 7.50 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception: 23-May-08. Performance of dividend option would be Net of Dividend distribution tax, if any.benchmark is S&P CNX Nifty. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 4. Refer annexure on page no. 87 for performance of schemes currently managed by Mr. Manish Gunwani (fund manager). Portfolio as on April 30,2012 Cairn India Ltd. 1.29% Petroleum Products 6.37% 0.31% Reliance Industries Ltd. 6.12% Hindustan Petroleum Corporation Ltd. 0.25% Hindustan Petroleum Corporation Ltd.-Futures 0.31% Pharmaceuticals 5.71% -0.26% Cipla Ltd. 3.40% Cadila Healthcare Ltd. 1.55% Sun Pharmaceutical Industries Ltd. 0.76% Sun Pharmaceutical Industries Ltd.-Futures -0.26% Power 2.49% Tata Power Company Ltd. 2.07% Power Grid Corporation Of India Ltd. 0.42% Software 15.58% Infosys Ltd. 7.04% Wipro Ltd. 4.76% HCL Technologies Ltd. 2.63% Tata Consultancy Services Ltd. 1.15% Telecom - Services 4.47% Bharti Airtel Ltd. 4.47% Textile Products 1.76% Grasim Industries Ltd. 1.76% Short Term Debt and other current assets 6.54% Total Net Assets 100.00 % Top Ten Holdings Derivatives are considered at exposure value. 7
ICICI Prudential Discovery Fund Open Ended Diversified Equity Scheme WHY SHOULD ONE INVEST? Long term investment of funds having potential for capital appreciation following value investment philosophy Wealth Creation Oriented Solution Style Box 25% 31% 44% Fund Details Fund Managers** : Mrinal Singh (Managing this fund since Feb 2011 & Overall 9.5 years of of which 3 year as Equity Analyst) Indicative Investment Horizon: 5 yrs and more Inception date: 16-08-2004 AAUM as on 31-Mar-12: Rs. 1,778.60 crores Growth option : Rs. 49.40 Dividend option : Rs. 18.85 Institutional option-i : Rs. 22.28 Options : Growth & Dividend & Institutional Option I (Growth) Default Option : Growth Application Amount : Rs.5,000 (plus in multiples of Re.1) Institutional I: Rs. 1 Crore (plus in multiples of Re.1) Min.Addl.Investment : Rs.500 & in multiples thereof Institutional I: Rs.10,000 Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil Min.Redemption Amt. : Rs.500 SIP : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re.1/- STP : Minimum Amount Rs. 1,000/- Maximum Period: 10 years : Available. Particulars March 31, 2011 to March 31, 2012 Returns of Growth Option as on March 31, 2012 March 31, 2010 to March 31, 2011 March 31, 2009 to March 31, 2010 Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs.10000 Scheme 0.12 11.55 159.35 48170.00 22.90 Benchmark -4.09 4.35 126.12 37395.50 18.89 S&P CNX Nifty -9.23 11.14 73.76 33114.78 17.00 NAV Per Unit (Rs) 48.11 43.13 16.63 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:16-aug-04. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX Midcap Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 6. Refer annexure on page no. 87 for performance of schemes currently managed by Mr. Mrinal Singh (fund manager). Company/Issuer % to NAV Auto 1.94% Tata Motors Ltd. 1.94% Auto Ancillaries 7.38% Amara Raja Batteries Ltd. 3.86% Balkrishna Industries Ltd. 3.32% India Nippon Electricals Ltd. 0.20% Banks 7.35% Standard Chartered PLC - IDR 3.03% ING Vysya Bank Ltd. 2.21% Karur Vysya Bank Ltd. 2.12% Cement 6.68% Rain Commodities Ltd. 3.58% Prism Cement Ltd. 1.52% Orient Paper & Inds. Ltd. 1.11% Birla Corporation Ltd. 0.47% Chemicals 0.22% Phillips Carbon Black Ltd. 0.22% Construction 0.30% BL Kashyap & Sons Ltd. 0.30% Construction Project 1.96% Voltas Ltd. 1.96% Consumer Non Durables 2.72% Balrampur Chini Mills Ltd. 2.07% VST Industries Ltd. 0.65% Ferrous Metals 2.38% Godawari Power & Ispat Ltd. 1.29% Usha Martin Ltd. 1.09% Vardhman Special Steel 0.06% Fertilisers 0.44% Gujarat Narmada Valley Fertilizers Company Ltd. 0.44% Finance 2.81% Bajaj Holdings & Investment Ltd 2.74% Kalyani Investment Co Ltd 0.07% Gas 0.92% Gujarat State Petronet Ltd. 0.92% Hotels 0.90% Indian Hotels Company Ltd. 0.90% Industrial Capital Goods 1.67% Texmaco Rail & Engineering Ltd. 0.96% Voltamp Transformers Ltd. 0.51% Elecon Engineering Company Ltd. 0.19% Industrial Products 0.85% Kirloskar Ferrous Inds. Ltd. 0.55% MM Forgings Ltd. 0.30% Portfolio as on April 30,2012 Company/Issuer Quantitative Indicators Average P/E : 11.94 Average P/BV : 1.97 Average Dividend Yield : 1.73 Annual Portfolio Turnover Ratio : 0.73 times Std Dev (Annualised) : 26.53% Sharpe Ratio : 0.95 Portfolio Beta : 0.85 R squared : 0.92 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946%. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. CAGR (%) % to NAV Non - Ferrous Metals 3.99% Sterlite Industries (India) Ltd. 3.99% Oil 0.89% Oil & Natural Gas Corporation Ltd. 0.89% Paper 1.11% Tamil Nadu Newsprint & Papers Ltd. 0.59% Ballarpur Industries Ltd. 0.52% Pesticides 2.99% United Phosphorus Ltd. 2.99% Petroleum Products 4.81% Reliance Industries Ltd. 4.81% Pharmaceuticals 16.99% Cipla Ltd. 5.40% Natco Pharma Ltd. 2.31% Piramal Healthcare Ltd. 2.25% Divis Laboratories Ltd. 1.85% Torrent Pharmaceuticals Ltd. 1.73% Aurobindo Pharma Ltd. 1.54% FDC Ltd. 1.12% Cadila Healthcare Ltd. 0.79% Power 3.29% CESC Ltd. 1.84% SJVN Ltd. 0.98% Kalpataru Power Transmission Ltd. 0.46% Software 11.90% Oracle Financial Services Software Ltd 2.94% Mindtree Ltd 2.85% Infotech Enterprises Ltd. 1.96% eclerx Services Ltd 1.45% Persistent Systems Ltd. 0.90% Career Point Infosystems Ltd 0.79% Wipro Ltd. 0.69% Nucleus Software Exports Ltd. 0.31% Telecom - Services 0.32% Bharti Airtel Ltd. 0.32% Textile Products 0.26% Siyaram Silk Mills Ltd. 0.26% Textiles - Cotton 3.12% Vardhman Textiles Ltd. 3.12% Transportation 2.73% Great Eastern Shipping Company Ltd. 2.73% Short Term Debt and other current assets 9.02% Total Net Assets 100.00 % Top Ten Holdings 8
ICICI Prudential Infrastructure Fund Open Ended Equity Fund Wealth Creation Oriented Solution WHY SHOULD ONE INVEST? Long term investment of funds having potential for capital appreciation derived from the growth and development of the infrastructure sector Style Box Fund Details Fund Managers** : Yogesh Bhatt (Managing this fund since Feb, 2012 & 20 Years of experience in Fund Mangement) Indicative Investment Horizon: 5 yrs and more Inception date: 31-08-2005 AAUM as on 31-Mar-12: Rs. 2,153.67 crores Growth option : Rs. 24.69 Dividend option : Rs. 9.94 Institutional option-i : Rs. 13.54 Options : Growth & Dividend Institutional (Growth & Dividend) & Institutional Option I (Growth) Default Option : Growth Application Amount : Retail: Rs.5000 (plus in multiples of Re.1) Institutional: Rs.20 Crores, Institutional I: Rs. 1 Crore (plus in multiples of Re.1) Min.Addl. Investment : Retail & institutional I: Rs.1,000 (plus in multiple of Re. 1/- Institutional: Rs. 500 and thereof Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil Min.Redemption Amt. : Rs.500 SIP : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re.1/- STP : Minimum Amount Rs. 1,000/- Maximum Period: 10 years : Available. 83% 10% 7% Particulars March 31, 2011 to March 31, 2012 Returns of Growth Option as on March 31, 2012 March 31, 2010 to March 31, 2011 March 31, 2009 to March 31, 2010 Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs. 10000 Since inception CAGR (%) Scheme -15.39 1.64 67.51 25180.00 15.06 Benchmark -18.45-10.11 44.46 14412.95 5.71 S&P CNX Nifty -9.23 11.14 73.76 22206.82 12.88 NAV Per Unit (Rs) 29.76 29.28 17.48 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:31-aug-05. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is CNX Infrastructure Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 6. Refer annexure on page no. 87 for performance of schemes currently managed by Mr. Yogesh Bhatt (fund manager). Company/Issuer % to % to NAV NAV Derivatives Auto 1.39% Tata Motors Ltd. 1.39% Banks 19.93% HDFC Bank Ltd. 6.35% ICICI Bank Ltd. 5.44% State Bank Of India 3.63% Axis Bank Ltd. 2.45% Corporation Bank 1.64% Bank Of Baroda 0.41% Cement 2.14% Birla Corporation Ltd. 1.13% Orient Paper & Inds. Ltd. 1.01% Construction Project 3.47% Larsen & Toubro Ltd. 3.21% Voltas Ltd. 0.26% Consumer Durables 0.21% Blue Star Ltd. 0.21% Ferrous Metals 4.61% 0.71% Tata Steel Ltd. 3.15% Tata Steel Ltd.-Futures 0.71% Usha Martin Ltd. 1.03% Electrosteel Steels Ltd. 0.42% Finance 3.42% IDFC Ltd. 1.57% Mahindra & Mahindra Financial Services Ltd. 0.97% HDFC Ltd 0.89% Gas 0.28% GAIL (India) Ltd. 0.28% Hotels 0.63% Indian Hotels Company Ltd. 0.63% Industrial Capital Goods 5.41% Bharat Heavy Electricals Ltd. 3.11% Texmaco Rail & Engineering Ltd. 1.37% Techno Electric & Engineering Co Ltd. 0.56% BEML Ltd. 0.30% Texmaco Infrastructure & Holdings Ltd. 0.08% Industrial Products 0.90% Cummins India Ltd. 0.48% Portfolio as on April 30,2012 Company/Issuer % to % to NAV NAV Derivatives Electrosteel Castings Ltd. 0.42% Minerals/Mining 3.45% Coal India Ltd. 1.82% Sesa Goa Ltd. 1.63% Non - Ferrous Metals 5.38% Sterlite Industries (India) Ltd. 2.96% Hindustan Zinc Ltd. 2.42% Oil 10.32% Oil & Natural Gas Corporation Ltd. 6.91% Cairn India Ltd. 3.06% Oil India Ltd 0.36% Petroleum Products 7.89% Reliance Industries Ltd. 7.89% Power 14.59% Power Grid Corporation Of India Ltd. 4.21% Tata Power Company Ltd. 3.40% Kalpataru Power Transmission Ltd. 2.26% SJVN Ltd. 2.15% CESC Ltd. 1.50% NTPC Ltd. 0.95% NHPC Ltd. 0.12% Telecom - Services 6.81% Bharti Airtel Ltd. 6.81% Textile Products 0.76% Grasim Industries Ltd. 0.76% Transportation 2.40% Great Eastern Shipping Company Ltd. 1.96% Container Corporation Of India Ltd. 0.44% Index Futures/Options 1.00% S&P CNX Nifty-Futures 1.00% Short Term Debt and other current assets 4.30% Total Net Assets 100.00 % Top Ten Holdings Derivatives are considered at exposure value. Quantitative Indicators Average P/E : 13.11 Average P/BV : 1.95 Average Dividend Yield : 1.94 Annual Portfolio Turnover Ratio : 0.31 times Std Dev (Annualised) : 22.89% Sharpe Ratio : 0.04 Portfolio Beta : 0.71 R squared : 0.92 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946% ** In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. 9
ICICI Prudential Tax Plan Open Ended Equity Linked Saving Scheme Tax Savings Oriented Solution WHY SHOULD ONE INVEST? Medium term investment of funds with tax benefits aiming for capital appreciation Style Box 51% 69% 13% 18% Fund Details Fund Managers** : Chintan Haria (Managing this fund since May. 2011 & 4 years experiance as Equity dealer and 2.5 years as Fund Manager) Indicative Investment Horizon: 3 yrs and more Inception date: 19-08-1999 AAUM as on 31-Mar-12: Rs. 1,278.42 crores Growth option : Rs. 133.85 Dividend option : Rs. 17.01 Options : Growth & Dividend Default Option : Growth Application Amount : Rs.500 (plus in multiples of Re.1) Min.Addl.Investment : Rs.500 & in multiples thereof Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Nil Min.Redemption Amt. : Rs.500 SIP : Monthly : Minimum of Rs.500 or multiples thereof & 5 post - dated cheques for a minimum of Rs.500/- for a block of 5 months in advance Quarterly : Minimum Rs. 5000 + 3 post - dated cheques of Rs. 5000/- each. SWP : Not Available STP : Minimum Amount Rs. 1,000/- Maximum Period: 10 years : Available. Particulars March 31, 2011 to March 31, 2012 March 31, 2010 to March 31, 2011 Company/Issuer % to NAV Auto 2.98% VST Tillers Tractors Ltd. 1.15% Mahindra & Mahindra Ltd. 1.04% Bajaj Auto Ltd 0.79% Auto Ancillaries 0.75% Wabco India Ltd. 0.75% Banks 12.95% ICICI Bank Ltd. 5.02% HDFC Bank Ltd. 3.91% Standard Chartered PLC - IDR 2.28% Axis Bank Ltd. 1.18% Corporation Bank 0.56% Cement 0.76% Orient Paper & Inds. Ltd. 0.76% Construction 1.18% Mahindra Lifespace Developers Ltd. 1.18% Consumer Durables 0.99% Blue Star Ltd. 0.99% Ferrous Metals 1.00% MOIL Ltd. 1.00% Finance 6.53% HDFC Ltd 2.77% Sundaram Finance Ltd. 2.55% IDFC Ltd. 1.06% Kalyani Investment Co Ltd 0.15% Gas 2.06% Gujarat State Petronet Ltd. 1.40% GAIL (India) Ltd. 0.66% Healthcare Services 0.39% Bilcare Ltd. 0.39% Industrial Capital Goods 5.00% Bharat Heavy Electricals Ltd. 2.70% Texmaco Rail & Engineering Ltd. 1.36% Texmaco Infrastructure & Holdings Ltd. 0.94% Industrial Products 4.88% Polyplex Corporation Ltd. 2.34% Kirloskar Brothers Ltd. 1.71% Kirloskar Pneumatic Company Ltd. 0.76% MM Forgings Ltd. 0.08% Minerals/Mining 0.49% Coal India Ltd. 0.49% Non - Ferrous Metals 4.36% Hindustan Zinc Ltd. 2.71% Sterlite Industries (India) Ltd. 1.65% Returns of Growth Option as on March 31, 2012 March 31, 2009 to March 31, 2010 Oil 5.71% Oil & Natural Gas Corporation Ltd. 3.56% Cairn India Ltd. 2.15% Pesticides 0.88% United Phosphorus Ltd. 0.88% Petroleum Products 10.66% Reliance Industries Ltd. 10.09% Hindustan Petroleum Corporation Ltd. 0.57% Pharmaceuticals 10.12% Piramal Healthcare Ltd. 2.58% Cadila Healthcare Ltd. 2.56% Cipla Ltd. 2.25% FDC Ltd. 1.93% Divis Laboratories Ltd. 0.81% Power 0.99% SJVN Ltd. 0.99% Software 12.68% Infosys Ltd. 8.49% Oracle Financial Services Software Ltd 1.89% Mahindra Satyam Ltd 1.17% Wipro Ltd. 1.13% Telecom - Services 4.71% Bharti Airtel Ltd. 4.71% Textiles - Cotton 1.32% Vardhman Textiles Ltd. 1.22% Precot Meridian Ltd 0.10% Textiles - Synthetic 0.55% JBF Industries Ltd. 0.55% Transportation 1.33% Container Corporation Of India Ltd. 0.68% Great Eastern Shipping Company Ltd. 0.65% Short Term Debt and other current assets 6.71% Total Net Assets 100.00 % Top Ten Holdings Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs. 10000 CAGR (%) Scheme -3.61 10.67 123.87 135840.00 22.96 Benchmark -8.75 7.26 87.95 43869.69 12.43 S&P CNX Nifty -9.23 11.14 73.76 39372.12 11.47 NAV Per Unit (Rs) 140.93 127.34 56.88 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:19-aug-99. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is S&P CNX 500 Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 2. Refer annexure on page no. 87 for performance of schemes currently managed by Mr.Chintan Haria (fund manager). Portfolio as on April 30,2012 Company/Issuer Quantitative Indicators Average P/E : 14.29 Average P/BV : 2.44 Average Dividend Yield : 1.93 Annual Portfolio Turnover Ratio : 1.80 times Std Dev (Annualised) : 25.27% Sharpe Ratio : 0.74 Portfolio Beta : 0.90 R squared : 0.96 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946% **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. % to NAV 10
ICICI Prudential Top 200 Fund Open Ended Growth Fund Wealth Creation Oriented Solution WHY SHOULD ONE INVEST? Long term investment of funds having potential for capital appreciation in a blend of large and midcap portfolio Style Box 87% 6% 7% Fund Details Fund Managers** : Yogesh Bhatt (Managing this fund since Feb, 2012 & 20 Years of experience in Fund Mangement) Indicative Investment Horizon: 5 yrs and more Inception date: 01-10-1994 AAUM as on 31-Mar-12: Rs. 489.77 crores Growth option : Rs. 104.29 Dividend option : Rs. 15.48 Institutional option-i : Rs. 29.56 Options : Growth & Dividend & Institutional Option I (Growth) Default Option : Growth Application Amount : Rs.5,000 (plus in multiples of Re.1) Institutional I: Rs. 1 Crore (plus in multiples of Re.1) Min.Addl.Investment : Rs.500 & in multiples thereof Institutional I: Rs.10,000 Exit load for Redemption / Switch out :- Lumpsum & SIP / STP / SWP Investment Option Upto 1 Year from allotment - 1% of applicable NAV, more than 1 Year - Nil Min.Redemption Amt. : Rs.500 & in multiples thereof SIP : Monthly: Minimum Rs. 1,000/- plus 5 post dated cheques for a minimum of Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- plus 3 post dated cheques of Rs. 5,000/- each. SWP : Minimum of Rs.500 and multiples of Re.1/- STP : Minimum Amount Rs. 1,000/- Maximum Period: 10 years : Available. Particulars March 31, 2011 to March 31, 2012 Auto 10.17% Tata Motors Ltd. 7.43% Mahindra & Mahindra Ltd. 1.74% Bajaj Auto Ltd 1.00% Banks 17.11% HDFC Bank Ltd. 6.65% ICICI Bank Ltd. 5.55% Standard Chartered PLC - IDR 1.62% Union Bank Of India 1.37% Axis Bank Ltd. 1.02% State Bank Of India 0.83% Bank Of Baroda 0.07% Cement 1.60% Birla Corporation Ltd. 1.60% Construction Project 2.98% Larsen & Toubro Ltd. 2.98% Consumer Durables 0.64% Blue Star Ltd. 0.64% Consumer Non Durables 8.42% ITC Ltd. 8.42% Ferrous Metals 0.90% Tata Steel Ltd. 0.90% Finance 6.35% IDFC Ltd. 3.08% HDFC Ltd 1.86% Sundaram Finance Ltd. 0.99% Kalyani Investment Co Ltd 0.43% Industrial Capital Goods 0.59% Bharat Heavy Electricals Ltd. 0.59% Industrial Products 1.14% Sintex Industries Ltd. 1.14% Minerals/Mining 3.03% Coal India Ltd. 1.80% Sesa Goa Ltd. 1.23% Non - Ferrous Metals 3.09% Sterlite Industries (India) Ltd. 3.09% Quantitative Indicators Returns of Growth Option as on March 31, 2012 March 31, 2010 to March 31, 2011 March 31, 2009 to March 31, 2010 Since inception Absolute Returns (%) Absolute Returns (%) Absolute Returns (%) Current Value of Investment of Rs. 10000 CAGR (%) Scheme -8.85 12.58 85.95 105630.00 14.41 Benchmark -9.28 8.15 92.87 44066.45 8.84 S&P CNX Nifty -9.23 11.14 73.76 40584.21 8.33 NAV Per Unit (Rs) 115.89 102.94 55.36 10.00 Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment. Date of inception:1-oct-94. Performance of dividend option would be Net of Dividend distribution tax, if any. Benchmark is BSE-200 Index. For computation of since inception returns (%) the allotment NAV has been taken as Rs. 10.00. Load is not considered for computation of returns. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Total Schemes managed by the Fund Manager is 6. Refer annexure on page no. 87 for performance of schemes currently managed by Mr.Yogesh Bhatt (fund manager). Portfolio as on April 30,2012 Company/Issuer % to NAV Company/Issuer % to NAV Oil 5.77% Oil & Natural Gas Corporation Ltd. 3.86% Cairn India Ltd. 1.90% Petroleum Products 7.05% Reliance Industries Ltd. 7.05% Pharmaceuticals 5.82% Torrent Pharmaceuticals Ltd. 1.36% Sun Pharmaceutical Industries Ltd. 1.23% Cadila Healthcare Ltd. 1.21% Shilpa Medicare Ltd. 1.06% Cipla Ltd. 0.96% Power 1.28% Kalpataru Power Transmission Ltd. 1.28% Software 12.92% Infosys Ltd. 6.30% Wipro Ltd. 4.26% Financial Technologies (India) Ltd. 2.33% Tata Consultancy Services Ltd. 0.02% Telecom - Services 2.70% Idea Cellular Ltd. 1.42% Bharti Airtel Ltd. 1.29% Textiles - Synthetic 1.98% JBF Industries Ltd. 1.98% Short Term Debt and other current assets 6.46% Total Net Assets 100.00 % Top Ten Holdings Average P/E : 16.50 Average P/BV : 3.23 Average Dividend Yield : 1.66 Annual Portfolio Turnover Ratio : 0.55 times Std Dev (Annualised) : 24.12% Sharpe Ratio : 0.46 Portfolio Beta : 0.89 R squared : 0.96 Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions. Risk-free rate based on the last 91-day T-Bill cut-off of 8.3946% **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Punit Mehta to extent of ADR/GDR exposure only. 11