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    Name of the Asset Management Company:

    ICICI Prudential Asset Management Company LimitedName of the Mutual Fund:

    ICICI Prudential Mutual Fund

    KEY INFORMATION MEMORANDUM

    ICICI Prudential Capital Protection Oriented Fund - Series VIII(A Close-ended Capital Protection Oriented Fund)

    Rated 'CARE AAAmfs (SO)' [Triple A mfs (Structured Obligation)]by CARE Ltd.#

    This Product is suitable for investors who are seeking*:

    * Investors should consult their financial advisers if in doubt about whether the product issuitable for them.

    Long term savings solution

    A Hybrid Fund that seeks to protect capital byinvesting a portion of the portfolio in highest rateddebt securities and money market instruments andaim for capital appreciation by investing inequities.

    Offer for units of Rs.10 per unit during the New Fund Offer Period only.

    Name of the Scheme New Fund Offer opens New Fund Offer closes*

    1115 days Plan F July 09, 2015 July 23, 2015

    *The AMC reserves the right to extend or pre close the New Fund Offer (NFO) period,subject to the condition that the NFO Period including the extension, if any, shall not be formore than 15 days or such period as allowed by SEBI.

    Being a close-ended fund the Scheme will not reopen for subscriptions. The Scheme isproposed to be listed on National Stock Exchange of India Limited (NSE).

    Credit Analysis & Research Ltd. (CARE) has assigned a provisional rating of 'CARE AAAmfs(SO)' [Triple A mfs (Structured Obligation)].The rating indicates highest degree of certaintyfor payment of face value of the mutual fund units on maturity to the unitholders. The ratingshould, however, not be construed as an indication of expected returns, prospectiveperformance of the mutual fund scheme, NAV or of volatility in its returns.

    Sponsors: ICICI Bank Limited: Regd. Office: Landmark, Race Course Circle,Vadodara 390 007, India; andPrudential plc (through its wholly owned subsidiary, PrudentialCorporation Holdings Limited): Laurence Pountney Hill, London EC4ROHH, United Kingdom

    Trustee : ICICI Prudential Trust LimitedCorporate Identity Number: U74899DL1993PLC054134Regd. Office: 12th Floor, Narain Manzil, 23, Barakhamba Road,New Delhi-110 001.

    Investment ICICI Prudential Asset Management Company LimitedManager: Corporate Identity Number: U99999DL1993PLC054135

    Regd. Office: 12th Floor, Narain Manzil, 23, Barakhamba Road, NewDelhi-110 001.Corporate Office: 3rd Floor, Hallmark Business Plaza, Sant DyaneshwarMarg, Bandra (East), Mumbai - 400 051,Tel: (91) (022) 26428000, Fax:(022) 2655 4165.Central Service Office: 2nd Floor, Block B-2, Nirlon Knowledge Park,Western Express Highway, Goregaon (East), Mumbai 400 063.Tel: (91) (22) 26852000, Fax: (91)(22) 2686 8313.website:www.icicipruamc.com, email id: [email protected]

    This Key Information Memorandum (KIM) sets forth the information, which a prospectiveinvestor 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 & litigations etc. investor should, before investment, refer to the SchemeInformation Document (SID) and Statement of Additional Information (SAI) availablefree of cost at any of the Investor Service Centre or distributors or from the websitewww.icicipruamc.com.

    The particulars of ICICI Prudential Capital Protection Oriented Fund - Series VIII - 1115Days Plan F, the mutual fund Scheme offered under this KIM, have been prepared inaccordance 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), and the Units being offered for public subscription have not been approved ordisapproved by the SEBI nor has the SEBI certified the accuracy or adequacy of this KIM.

    The mutual fund or AMC and its empanelled brokers have not given and shall not give anyindicative portfolio and indicative yield in any communication, in any manner whatsoever.Investors are advised not to rely on any communication regarding indicative yield/portfoliowith regard to the scheme.

    It is to be distinctly understood that the permission given by NSE should not in any waybe deemed or construed that the SID has been cleared or approved by NSE nor does itcertify the correctness or completeness of any of the contents of the SID. The investors areadvised to refer to the SID for the full text of the 'Disclaimer clause of the NSE.'

    INVESTMENT OBJECTIVE:

    The Scheme is a close ended Capital Protection Oriented Fund. The investment objectiveof the Scheme is to seek to protect capital by investing a portion of the portfolio in highestrated debt securities and money market instruments and also to provide capital appreciationby investing the balance in equity and equity related securities. The debt securities wouldmature on or before the maturity of the Scheme.

    However, there can be no assurance that the investment objective of the Scheme will berealized.

    ASSET ALLOCATION PATTERN:

    Under normal circumstances, the asset allocation of the Scheme will be as follows:

    Instruments Indicative allocations Risk Profile(% of total Assets)

    Maximum Minimum High/Medium/Low

    Debt securities & money market 100 70 Low to Mediuminstruments#

    Equity & equity related securities 30 0 Medium to High

    Exposure in ADR/ GDR/ Foreign Securities can be upto 30% of Net Assets.

    Investment in equity derivatives can be upto 30% of Net assets.

    # Under the Scheme, it is proposed to make investments in debt securities whichmature on or before the date of maturity of the Scheme. Any change in the investmentpattern may be for a period of one month for defensive considerations. Any change inthe asset allocation is for defensive consideration and the AMC shall endeavour toensure that the capital remains protected till maturity. The portfolio would be rebalancedwithin 30 days to address any deviations from the aforementioned allocations due tomarket changes. The Scheme shall not take any exposure to floating rate instruments.

    On account of market conditions and considering the risk reward analysis of investing inequity and taking into consideration the interest of unit holders, the Scheme may investthe uninvested portion of equity allocation in highest rated CDs, CBLOs, Repo andReverse Repo in government securities and Cash/Cash equivalent.

    Note: The Scheme may enter into derivative transactions on a recognized stock exchange,subject to the framework specified by SEBI. If the Scheme decides to invest in equityderivatives it could be upto 100% of the allocation to equity. The margin moneyrequirement for the purpose of derivative exposure may be held in the form of termdeposits. The Scheme shall not take leverage positions and total investments, includinginvestments in equity and other securities and gross exposure to derivatives, if any, shallnot exceed net assets under management of the Scheme. The exposure to derivativesshall only be for portfolio rebalancing and/or hedging purpose.

    Investment in ADR/ GDR/ foreign securities may be upto 100 % of the equity allocation.

    The Scheme shall invest only in AAA or equivalent short term rated papers. The Schemeshall not invest in unrated papers.

    The cumulative gross exposure through equity, debt and derivative positions shall notexceed 100% of the net assets of the Scheme.

    CARE has vide its letter dated June 23, 2015 provided allocation to debt portfolio as85% to 90%.

    The indicative allocation of the portfolio would be as follows:

    Credit Rating

    InstrumentsAAA Not applicable

    NCDs 85% - 90% -

    Government Securities - 0% - 5%

    Equity and equity related securities - 10% - 15%

    The Scheme will not invest in Securitized Debt.

    The tenure of the scheme is 1115 days from the date of allotment of units.

    1. In case instruments/ securities as indicated above are not available or taking intoaccount risk - reward analysis of instruments/ securities, the Scheme may invest inCertificate of Deposits (CDs) having highest ratings/ CBLOs/ Repo and Reverse Repoin Government securities/ T-bills. Such deviation for NCDs may exist till suitableinstruments of desired quality are available.

    2. All investments in NCDs shall be made based on the rating prevalent at the time ofinvestment. In case security is rated by more than one rating agency, the mostconservative rating would be considered.

    3. The Scheme would not invest in unrated securities (except CBLOs/ Reverse Repo andRepo in Government Securities / Government Securities / T-bills).

    4. Post New Fund Offer and towards maturity of the Scheme, there may be higherallocation to cash and cash equivalent.

    5. In the event of any deviations from the floor and ceiling for any instruments, as specifiedabove, the same shall be rebalanced within 30 days from the date of the said deviation.

    6. Further, the allocation may vary during the tenure of the Scheme. Some of theseinstances are: (i) coupon inflow; (ii) the instrument is called or bought back by theissuer (iii) in anticipation of any adverse credit event. In case of such deviations, theScheme may invest in CDs having highest rating/ CBLOs/ Reverse Repo and Repo inGovernment securities / T-Bills.

    There would not be any variation from the intended portfolio allocation as stated in thelaunch Scheme Information Document / Key Information Memorandum on the finalallocation, except as specified in point no. 1, 4, 5 and 6.

    In the event of any deviation from the asset allocation stated above, the Fund Manager shallrebalance the portfolio within 30 days from the date of such deviation except in case wherethe deviation is on account of the condition stated in point 1 and 6 above.

    Exposure to the securities rated by CARE at all times shall not exceed 20% of the Assetsunder Management (AUM) of the Scheme. The restriction shall continue to apply even incases where the security is rated by CARE and any other Agency. However, this limit will notapply to securities issued by a Public Sector Undertaking (PSU). Any change due to changein the market conditions resulting in an increase in exposure beyond the specified limit of20%, the exposure will be brought down within a period of 30 days.

    Investors understand that their principal will be at moderately low risk

    Low

    Moderate

    ly

    LowModerately High

    High

    Low High

    Moderate

  • - 2 -

    The yield on debt securities at the time of purchase will not be more than 100 bps to thebenchmark yield as stipulated under respective CRISIL & ICRA Bond Matrix as applicable toAAA instruments.

    There can be no assurance that the investment objective of the Scheme will be realized.The Scheme will also review these investments from time to time keeping in view the extantSEBI Regulations and the Fund Manager may align the portfolio to the extent as consideredbeneficial to the investors.

    The Trust Company shall review the rating and portfolio of the Scheme on a periodic basisand will report the same in the half-yearly Trustee Report. The AMC will also report about thesame in the bi-monthly Compliance Test Report.

    The Scheme offered is "oriented towards protection of capital" and "not with guaranteedreturns". The orientation towards protection of the capital originates from the portfoliostructure of the Scheme and not from any bank guarantee, insurance cover etc.

    It may be noted that no prior intimation/indication would be given to investors when thecomposition/asset allocation pattern under the Scheme undergo changes within thepermitted band as indicated above or for changes due to defensive positioning of the portfoliowith a view to protect the interest of the unitholders for a period of one month. The investors/unit holders can ascertain details of portfolio of the Scheme as on the last date of eachmonth on AMC's website at www.icicipruamc.com which are displayed as per SEBIRegulations.

    WHERE WILL THE SCHEME INVEST?

    Subject to the Regulations and the disclosures as made under the Section "How theScheme will allocate its Assets", the corpus of the Scheme can be invested in any (butnot exclusive) of the following securities/ instruments:

    1) Corporate debt (of public/ private sector undertakings), including Non ConvertibleDebentures (including Bonds) and non-convertible part of convertible securities.

    2) Equity and equity related securities including warrants carrying the right to obtainequity shares.

    3) Money market instruments permitted by SEBI/RBI.

    4) Derivative instruments like Interest Rate Swaps, Forward Rate Agreements, InterestRate Derivatives, Exchange Traded Interest Rate Futures and such other derivativeinstruments permitted by SEBI/RBI.

    5) ADRs/GDRs or other foreign securities, subject to the guidelines issued by ReserveBank of India and Securities and Exchange Board of India.

    6) Bank Fixed Deposits and any such instruments as permitted by SEBI and in accordancewith the final allocation.

    7) Securities created and issued/ guaranteed by the Central and State Governmentsand/or repos/reverse repos in such Government Securities as may be permitted byRBI (including but not limited to coupon bearing bonds, zero coupon bonds and treasurybills).

    8) Any other domestic fixed income securities as permitted by SEBI/ RBI from time totime.

    The securities/debt instruments mentioned above could be listed or unlisted, secured orunsecured and of varying maturity.

    The Scheme may enter into derivative transactions on a recognized stock exchange,subject to the framework specified by SEBI. If the Scheme decides to invest in equityderivatives it could be upto 100% of the allocation to equity. The margin moneyrequirement for the purpose of derivative exposure may be held in the form of termdeposits. The Scheme shall not take leverage positions and total investments, includinginvestments in equity and other securities and gross exposure to derivatives, if any, shallnot exceed net assets under management of the Scheme. The exposure to derivativesshall only be for portfolio rebalancing and/or hedging purpose.

    The Scheme will not undertake repos in corporate debt securities.

    Negative list of sectors: The Scheme shall not invest in Companies falling under Gems &Jewellery, Real Estate Sector and Leather and Leather Products sectors in case of fixedincome component.

    The Scheme will not invest/ have exposure in the following:

    1. Companies falling within Gems & Jewellery, Real Estate Sector and Leather andLeather Products Sectors.

    2. Unrated securities (except CBLOs/ Reverse Repo and Repo in GovernmentSecurities / Government Securities / T-bills).

    3. Repos in corporate debt securities.

    4. Securitised Debt.

    5. Short Selling.

    6. Securities Lending.

    7. Floating rate instruments.

    Sector restrictions: Total exposure in a particular sector shall not exceed 30% of the netassets of the Scheme. Sectoral classification as prescribed by AMFI shall be used in thisregard. This limit shall not be applicable to investments in Bank CDs, CBLO, G-Secs, T-Bills,AAA rated securities issued by Public Financial Institutions, Public Sector Banks and shortterm deposits of scheduled commercial banks.

    However, an additional exposure not exceeding 10% of the net assets of the Scheme (overand above the limit of 30%) shall be allowed by way of increase in exposure to HousingFinance Companies (HFCs) only as part of the financial services sector. The additionalexposure to such securities issued by HFCs must be rated AAA or equivalent and these HFCsshould be registered with National Housing Bank (NHB) and the total investment/ exposurein HFCs shall not exceed 30% of the net assets of the scheme.

    INVESTMENT STRATEGY:

    The Scheme endeavor to protect capital by investing a portion of the portfolio in highestrated debt securities & money market instruments and also to provide capital appreciationby investing the balance in equity and equity related securities. The allocation to equityand equity related securities would depend on interest rates prevailing at the time ofdeployment of funds in debt securities and the time horizon of the Scheme. It wouldtypically be equal to the interest amount that can be earned from the debt securities forthe tenure of the investment.

    The Scheme will follow a passive investment strategy for the fixed income componentof the Scheme. The Scheme will invest in fixed income securities with a view to holdthem till the maturity. To that effect the Scheme will follow a buy and hold strategyto investment in fixed income instruments.

    Exposure to the securities rated by CARE at all times shall not exceed 20% of theAssets under Management (AUM) of the Scheme. The restriction shall continue toapply even in cases where the security is rated by CARE and any other Agency.However, this limit will not apply to securities issued by a Public Sector Undertaking(PSU). Any change due to change in the market conditions resulting in an increase inexposure beyond the specified limit of 20%, the exposure will be brought down withina period of 30 days.

    The yield on debt securities at the time of purchase shall not be more than 100 bpsto the benchmark yield as stipulated under respective CRISIL & ICRA Bond Matrix asapplicable to AAA instruments.

    The fixed income component of the Scheme shall be invested in government securitiesor debt securities issued by corporate rated at AAA or equivalent rating.

    The Scheme is 'oriented towards protection of capital' and not with 'guaranteedreturns'. Further, the orientation towards protection of capital originates from theportfolio structure of the Scheme and not from any bank guarantee, insurance cover,etc.

    The Scheme shall endeavour to ensure capital protection by investing in debt allocationnot below the CARE indicative allocation at the time of launch. Capital protection willbe provided solely through the fixed income part of the portfolio and the same shallbe invested in securities that mature to capital value at the end of the Scheme.

    The debt component of the portfolio will always have the highest investment rategrading (AAA rating or equivalent from a rating agency).

    Whenever asset allocation is altered for defensive considerations, the AMC shallendeavour to ensure that the capital remains protected on maturity and also that therating of the Scheme is not adversely affected.

    Fund manager may alter the asset allocation during subsequent deployment of fundsprovided such deployment is generated out of appreciation in value of existinginvestments. While making such asset allocations, fund manager would endeavorthat capital remains protected on maturity and ensure rating of the Scheme is notadversely impacted.

    Credit Evaluation Policy for investment in debt securities:

    The AMC aims to identify securities, which offer superior levels of yield at lower levels ofrisks so the Investment process is firmly research oriented. It comprises of qualitative as wellas quantitative measures. Qualitative factors like management track record, groupcompanies, resource-raising ability, extent of availability of banking lines, internal controlsystems, etc are evaluated in addition to the business model and industry within which theissuer operates as regards industry/model-specific risks working capital requirements, cashgeneration, seasonality, regulatory environment, competition, bargaining power, etc.Quantative factors like debt to equity ratio, Profit and loss statement analysis, balancesheet analysis.

    Macroeconomic call is taken on interest rate direction by careful analysis of variousinfluencing factors like Inflation, Money supply, Private sector borrowing, Governmentborrowing, Currency market movement, Central Bank policy, Local fiscal and monetarypolicy, Global interest rate scenario and Market sentiment. Interest rate direction call issupplemented by technical analysis of market and short term influencing factors like traderposition, auction/issuance of securities, release of economic numbers, offshore marketposition, etc. Interest Rate direction call and anticipation of yield curve movement formsthe basis of portfolio positioning in duration and spread terms. Credit research is done ona regular basis for corporate having high investment grade rating. Credit research includesinternal analysis of rating rationale, and financial statements (annual reports and quarterlyearnings statements) of the issuer, for the last 1-3 years evaluating amongst other metrics,relevant ratios of profitability, capital adequacy, gearing, turnover and other inputs fromexternal agencies. On an ongoing basis, the credit analyst keeps track of credit profile of theissuer, possible credit risks reflected in change in outlook of rating agencies, externaldevelopments affecting the issuer etc. Internal credit call is a pre-requisite for all investmentssince the investment universe is primarily high-grade credit instruments. Credit research isalso used to minimize credit migration risk and for generating relative value trade ideas.Stable to higher rating on maturity vis--vis issuance is the guiding factor for investmentdecisions from credit point of view.

    RISK PROFILE OF THE SCHEME:

    Mutual Fund Units involve investment risks including the possible loss of principal. Pleaseread the SID carefully for details on risk factors before investment. Scheme Specific RiskFactors summarised below.

    Scheme Specific Risk Factors and Risk Management Strategies:

    a) The Scheme offered is "oriented towards protection of capital" and "not with guaranteedreturns". The orientation towards protection of the capital originates from the portfoliostructure of the Scheme and not from any bank guarantee, insurance cover etc.

    b) The ability of the portfolio to meet capital protection on maturity to the investors canbe impacted in certain circumstances by changes in government policies, interestrate movements in the market, credit defaults by bonds, expenses, reinvestment riskand risk associated with trading volumes, liquidity and settlement systems in equityand debt markets. Accordingly, investors may lose part or all of their investment(including original amount invested) in the Scheme. No guarantee or assurance,express or implied, is given that investors will receive the capital protected value atmaturity or any other returns.

    c) The rating provided by CARE, only assesses the degree of certainty for achieving theobjective of the Scheme i.e. capital protection and does not denote any opinion on thestability of the NAV of the Scheme. The rating should, however, not be construed as anindication of expected returns, prospective performance of the mutual fund scheme,NAV or of volatility in its returns. The rating would be reviewed on a quarterly basis byCARE.

    d) CARE reserves the right to suspend, withdraw or revise the ratings assigned to theportfolio structure of this scheme at any time, on the basis of any new information or

  • - 3 -

    unavailability of information or any other circumstances, which the Rating Agencybelieve may have impact on the above rating.

    e) The rating, as aforesaid, however, should not be treated as a recommendation to buy,sell or hold the units issued by ICICI Prudential Mutual Fund under the Scheme. Therating is restricted to the portfolio structure of this Scheme only. CARE do not assumeany responsibility on its part, for any liability that may arise consequent to the noncompliance of any guidelines or directives issued by SEBI or any other mutual fundregulatory body.

    f) The rating is based on current information furnished to the Rating Agency by the issueror obtained by the rating Agency from sources it considers reliable. The rating Agencydo not, however, guarantee the accuracy, adequacy or completeness of any informationand are not responsible for any errors or omissions or for the results obtained from theuse of such information.

    g) The Asset Management Company shall not repurchase units of the Scheme beforeend of the maturity period. However, the Scheme may be listed on one or more StockExchange(s) in India at the discretion of the Trustees.

    h) Investors in the Scheme are not being offered any guaranteed / assured returns.

    i) The Trustees, AMC, Fund, their directors or their employees shall not be liable for anytax consequences that may arise in the event that the Scheme is wound up for thereasons and in the manner provided under the Scheme Information Document.

    j) Redemption by the Unit Holder due to change in the fundamental attributes of theScheme or due to any other reasons may entail tax consequences. The Trustees, AMC,Fund their directors or their employees shall not be liable for any tax consequencesthat may arise.

    Risks associated with investing in Equities and Derivatives:

    Investors may note that AMC/Fund Manager's investment decisions may not be alwaysprofitable. The Scheme proposes to invest in equity and equity related securities. Tradingvolumes, settlement periods and transfer procedures may restrict the liquidity of theseinvestments. Different segments of the Indian financial markets have different settlementperiods and such periods may be extended significantly by unforeseen circumstances. Theinability of the Scheme to make intended securities purchases due to settlement problemscould cause the Scheme to miss certain investment opportunities. By the same rationale,the inability to sell securities held in the Scheme's portfolio due to the absence of a welldeveloped and liquid secondary market for debt securities would result, at times, in potentiallosses to the Scheme, in case of a subsequent decline in the value of securities held in theScheme's portfolio.

    The Scheme is also vulnerable to movements in the prices of securities invested by theScheme, which again could have a material bearing on the overall returns from the Scheme.These stocks, at times, may be relatively less liquid as compared to growth stocks. Theliquidity of the Scheme's investments is inherently restricted by trading volumes in thesecurities in which it invests.

    The value of the Scheme's investments, may be affected generally by factors affectingsecurities 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 anyother appropriate authority policies and other political and economic developments whichmay have an adverse bearing on individual securities, a specific sector or all sectors includingequity and debt markets. Consequently, the NAV of the Units of the Scheme may fluctuateand can go up or down.

    Investment decisions made by the AMC may not always be profitable, as actual marketmovements may be at variance with anticipated trends.

    The performance of the Scheme will be affected in case of unforeseen circumstances likepolitical crisis, natural calamities, and changes in currency exchange rates or interest rates.Fund manager tries to generate returns based on certain past statistical trend. Theperformance of the Scheme may get affected if there is a change in the said trend. Therecan be no assurance that such historical trends will continue.

    In case of abnormal circumstances it will be difficult to complete the square off transactiondue to liquidity being poor in stock futures/spot market. However fund will aim at takingexposure only into liquid stocks where there will be minimal risk to square off the transaction.

    In case of abnormal circumstances it will be difficult to complete the square off transactiondue to liquidity being poor in stock futures/spot market. However fund will aim at takingexposure only into liquid stocks where there will be minimal risk to square off the transaction.

    As and when the Scheme trades in the derivatives market there are risk factors andissues concerning the use of derivatives that Investors should understand. Derivativeproducts are specialized instruments that require investment techniques and risk analysesdifferent from those associated with stocks and bonds. The use of a derivative requiresan understanding not only of the underlying instrument but also of the derivative itself.Derivatives require the maintenance of adequate controls to monitor the transactionsentered into and the ability to assess the risk. There is the possibility that a loss may besustained by the portfolio as a result of the failure of another party (usually referred to asthe "counter party") to comply with the terms of the derivatives contract. Other risks inusing derivatives include the risk of mis pricing or improper valuation of derivatives andthe inability of derivatives to correlate perfectly with underlying assets, rates and indices.

    Derivatives products are leveraged instruments and provide disproportionate gains aswell as disproportionate losses to the investor. Execution of such strategies dependsupon the ability of the fund manager to identify such opportunities. Identification andexecution of the strategies to be pursued by the fund manager involve uncertainty anddecision of the fund manager may not always be profitable. No assurance can be giventhat the fund manager will be able to identify to execute such strategies.

    The risks associated with the use of derivatives are different from or possibly greaterthan, the risks associated with investing directly in securities and other traditionalinvestments.

    The specific risk factors arising out of a derivative strategy used by the Fund Managermay be as below:

    o Lack of opportunity available in the market.

    o The risk of mispricing or improper valuation and the inability of derivatives to correlateperfectly with underlying assets, rates and indices.

    Risks associated with Investing in Securitised Debt

    The Scheme shall not invest in securitised debt.

    Risks associated with Short Selling and Securities Lending

    The Scheme will not do Short Selling and Securities Lending activity.

    Risks attached with investments in ADRs/GDRs/overseas securities:

    The investment in ADRs/GDRs/overseas securities offer new investment and portfoliodiversification opportunities into multi-market and multi-currency products. However, suchinvestments also entail additional risks. Such investment opportunities may be pursued by theAMC provided they are considered appropriate in terms of the overall investment objectivesof the scheme. Since the Scheme would invest only partially in ADRs/GDRs/overseassecurities, there may not be readily available and widely accepted benchmarks to measureperformance of the Scheme. To manage risks associated with foreign currency and interestrate exposure, the Fund may use derivatives for portfolio rebalancing and/or hedging, and inaccordance with conditions as may be stipulated by SEBI/RBI from time to time.

    To the extent that the assets of the Scheme will be invested in securities denominated inforeign currencies, the Indian Rupee equivalent of the net assets, distributions and incomemay be adversely affected by the changes in the value of certain foreign currencies relativeto the Indian Rupee. The repatriation of capital also may be hampered by changes in regulationsconcerning exchange controls or political circumstances as well as the application to it of theother restrictions on investment.

    Offshore investments will be made subject to any/all approvals, conditions thereof as may bestipulated by SEBI/RBI and provided such investments do not result in expenses to the Fundin excess of the ceiling on expenses prescribed by and consistent with costs and expensesattendant to international investing. The Fund may, where necessary, appoint otherintermediaries of repute as advisors, custodian/sub-custodians etc. for managing andadministering such investments. The appointment of such intermediaries shall be in accordancewith the applicable requirements of SEBI and within the permissible ceilings of expenses. Thefees and expenses would illustratively include, besides the investment management fees,custody fees and costs, fees of appointed advisors and sub-managers, transaction costs, andoverseas regulatory costs.

    Investors are requested to note that the costs associated with overseas investments likeadvisory fees (other than those expenses permissible under regulation 52 of SEBI Regulations)would not be borne by the scheme.

    Risk management strategies: The Fund by utilizing a holistic risk management strategy willendeavor to manage risks associated with investing in debt markets. The risk control processinvolves identifying & measuring the risk through various risk measurement tools.

    The Fund has identified following risks of investing in debt and other securities and designedrisk management strategies, which are embedded in the investment process to manage suchrisks.

    Market Risk: As with all debt securities,changes in interest rates may affect theScheme's Net Asset Value as the prices ofsecurities generally increase as interestrates decline and generally decrease asinterest rates rise. Prices of long-termsecurities generally fluctuate more inresponse to interest rate changes than doshort-term securities. Indian debt marketscan be volatile leading to the possibility ofprice movements up or down in fixed incomesecurities and thereby to possiblemovements in the NAV.

    Liquidity or Marketability Risk: This refersto the ease with which a security can besold at or near to its valuation yield-to-maturity (YTM).

    Credit Risk: Credit risk or default risk refersto the risk that an issuer of a fixed incomesecurity may default (i.e., will be unable tomake timely principal and interestpayments on the security).

    Reinvestment Risk: This risk refers to theinterest rate levels at which cash flowsreceived from the securities in the Schemeare reinvested The risk is that the rate atwhich interim cash flows can be reinvestedmay be lower than that originally assumed.

    Risks associated with Debt investment

    Risk mitigants /management strategy

    The scheme will undertake the activeportfolio management as per theinvestment objective to reduce the marketrisk. In a rising interest rates scenario thescheme will increase its investment inmoney market securities whereas if theinterest rates are expected to fall theallocation to debt securities with longermaturity will be increased therebymitigating risk to that extent.

    The Scheme may invest in governmentsecurities, corporate bonds and moneymarket instruments. While the liquidity riskfor government securities, money marketinstruments and short maturity corporatebonds may be low, it may be high in case ofmedium to long maturity corporate bonds.

    Liquidity risk is today characteristic of theIndian fixed income market. The Schemewill however, endeavor to minimize liquidityrisk by investing in securities having a liquidmarket.

    Management analysis will be used foridentifying company specific risks.Management's past track record will also bestudied. In order to assess financial risk adetailed assessment of the issuer's financialstatements will be undertaken to review itsability to undergo stress on cash flows andasset quality. A detailed evaluation ofaccounting policies, off-balance sheetexposures, notes, auditors' comments anddisclosure standards will also be made toassess the overall financial risk of thepotential borrower.

    Reinvestment risks will be limited to theextent of coupons received on debtinstruments, which will be a very smallportion of the portfolio value.

    Risk & Description

  • - 4 -

    Derivatives Risk: As and when the Schemetrades in the derivatives market there are riskfactors and issues concerning the use ofderivatives since derivative products arespecialized instruments that require investmenttechniques and risk analyses different fromthose associated with stocks and bonds. Thereis the possibility that a loss may be sustained bythe portfolio as a result of the failure of anotherparty (usually referred to as the "counter party")to comply with the terms of the derivativescontract. Other risks in using derivatives includethe risk of mis-pricing or improper valuation ofderivatives and the inability of derivatives tocorrelate perfectly with underlying assets, ratesand indices.

    Interest Rate Swaps will be done withapproved counter parties under pre-approved ISDA agreements. Mark to Marketof swaps, netting off of cash flow and defaultprovision clauses will be provided as perinternational best practice on a reciprocalbasis. Interest rate swaps and otherderivative instruments will be used as perlocal (RBI and SEBI) regulatory guidelines.

    Risk mitigants /management strategyRisk & Description

    Risks associated with Equity / Equity related investment

    Market Risk: The scheme is vulnerable tomovements in the prices of securitiesinvested by the scheme, which could havea material bearing on the overall returns fromthe scheme.

    Liquidity Risk: The liquidity of the Scheme'sinvestments is inherently restricted bytrading volumes in the securities in which itinvests.

    Derivatives Risk: As and when the Schemetrades in the derivatives market there arerisk factors and issues concerning the use ofderivatives since derivative products arespecialized instruments that requireinvestment techniques and risk analysesdifferent from those associated with stocksand bonds.

    Market risk is a risk which is inherent to anequity scheme. The Scheme may usederivatives to limit this risk.

    As such the liquidity of stocks that the fundinvests into could be relatively low. The fundwill try to maintain a proper asset-liabilitymatch to ensure redemption / Maturitypayments are made on time and notaffected by illiquidity of the underlyingstocks.

    Derivatives will be used for the purpose ofhedging/ portfolio balancing purposes or toimprove performance and manage riskefficiently. Derivatives will be used in theform of Index Options, Index Futures, StockOptions and Stock Futures and otherinstruments as may be permitted by SEBI.All derivatives trade will be done only on theexchange with guaranteed settlement. NoOTC contracts will be entered into.

    Risks associated with investment in ADR/ GDR/ overseas securities

    Currency Risk: The Scheme will invest inforeign securities as permitted by theconcerned regulatory authorities in India.Since the assets will be invested in securitiesdenominated in foreign currency (US$), theINR equivalent of the net assets, distributionsand income may be adversely affected bychanges / fluctuations in the value of theforeign currencies relative to the INR.

    The Scheme is subject to applicableregulations, shall have the option to enterinto forward contracts for the purposes ofhedging against the foreign exchangefluctuations. The Schemes may employvarious measures (as permitted by SEBI/RBI) including but not restricted to currencyhedging (such as currency options andforward currency exchange contracts,currency futures, written call options andpurchased put options on currencies andcurrency swaps), to manage foreignexchange movements arising out ofinvestment in foreign securities.

    All currency derivatives trade, if any will bedone only through the stock exchangeplatform.

    PLANS/OPTIONS AVAILABLE UNDER THE SCHEME

    The Scheme will have following Plans/Options:

    Plans Direct Plan and Regular Plan

    Default Plan a) If broker code is not mentioned the default plan is(if no Plan is selected) Direct Plan

    b) If broker code is mentioned the default plan isRegular Plan

    Default Plan If Direct Plan is opted, but ARN code is also stated,(in certain circumstances) then application would be processed under Direct

    Plan

    If Regular Plan is opted, but ARN code is not stated,then the application would be processed underDirect Plan

    Options Cumulative Option and Dividend Option with onlyDividend Payout facility

    Default Option Cumulative Option

    Default Plan would be as follows in below mentioned scenarios:

    Scenario ARN Code mentioned/not Plan mentioned by Default Planmentioned by the investor the investor

    1 Not mentioned Not mentioned Direct Plan

    2 Not mentioned Direct Direct Plan

    3 Not mentioned Regular Direct Plan

    4 Mentioned Direct Direct Plan

    5 Direct Not Mentioned Direct Plan

    6 Direct Regular Direct Plan

    7 Mentioned Regular Regular Plan

    8 Mentioned Not Mentioned Regular Plan

    In cases of wrong/ invalid/ incomplete ARN codes mentioned on the application form, theapplication shall be processed under Regular Plan. The AMC shall contact and obtain thecorrect ARN code within 30 calendar days of the receipt of the application form from theinvestor/ distributor. In case, the correct code is not received within 30 calendar days, theAMC shall reprocess the transaction under Direct Plan from the date of application withoutany exit load.

    In case neither distributor code is mentioned nor 'Direct Plan' is selected in the applicationform, the application will be processed under the 'Direct Plan'.

    Direct Plan is only for investors who purchase/subscribe Units in a Scheme directly with theFund.

    All the Plans, Options and facility under the Scheme shall have a common portfolio.

    If the Purchase/ Switch application does not specifically state the details of the Plan/Optionthen the same shall be processed under the Default Plan/Option.

    The Trustee reserves the right to declare dividends under the Scheme depending on the netdistributable surplus available under the Scheme. It should, however, be noted that actualdistribution of dividends and the frequency of distribution will depend, inter-alia, on theavailability of distributable surplus and will be entirely at the discretion of the Trustee.

    LIQUIDITY:

    No redemption/repurchase of units shall be allowed prior to the maturity of the Scheme.Investors wishing to exit may do so, only in demat mode, by selling through NSE or any ofthe stock exchange(s) where the Scheme will be listed as the Trustee may decide from timeto time.

    MATURITY:

    The tenure of the Scheme will be 1115 Days from the date of allotment. The Scheme shallbe fully redeemed at the end of the maturity period unless rolled over as per SEBI guidelines.

    If the maturity date falls on a non business day, the immediately following business day willbe considered as the maturity date for the Scheme. On maturity of the Scheme, theoutstanding Units shall be redeemed and proceeds will be paid to the Unitholder.

    The Trustees reserve the right to suspend/deactivate/freeze trading, ISIN of the Scheme.With respect to closure of the Scheme at the time of maturity, trading of units on stockexchange will automatically get suspended from the effective date mentioned in the notice.The proceeds on maturity will be payable to the persons whose names are appearing inbeneficiary position details received from depositories after the suspension/deactivation/freezing of ISIN.

    Maturity proceeds would be payable to investors as per the bank details provided inbeneficiary position details received from depositories in case of units held in demat form.

    Maturity proceeds to NRI investors:

    NRI investors shall submit Foreign Inward Remittance Certificate (FIRC), along with Brokercontract note of the respective broker through whom the transaction was effected, forreleasing redemption proceeds on maturity. Redemption proceeds shall not be remitteduntil the aforesaid documents are submitted and the AMC/Mutual Fund/Registrar/Schemeshall not be liable for any delay in paying redemption proceeds.

    In case of non-submission of the aforesaid documents the AMC reserves the right to deductthe tax at the highest applicable rate without any intimation by AMC/Mutual Fund/Registrar.

    The Scheme shall be fully redeemed at the end of the maturity period.

    APPLICABLE NAV

    Being a Close-ended Scheme, units of the Scheme can be purchased during New FundOffer period only. The units will be issued in respect of valid applications received upto theclosure of business hours of the last day of New Fund Offer Period alongwith a local chequeor a demand draft payable at par at the place where the application is received.

    Applicable NAV (for redemptions including switch outs): Since the scheme is proposed tobe listed, interim exits / redemptions will not be allowed in the scheme.

    Switch transactions during NFO:

    Switch into the Scheme:

    Investors are requested to note that they can submit a switch in request into this schemeonly during the NFO period by switching out from any of the existing Fixed Maturity Plansor any other Close Ended Scheme. The switch out transaction will be processed based onthe applicable Net Asset Value (NAV) on the date of maturity of such Fixed Maturity Planor any other Close ended Scheme. The maturity date of such Fixed Maturity Plan or closeended schemes should fall during the New Fund Offer period of the Scheme.

    For switch-in requests received from the open ended scheme during the New Fund OfferPeriod (NFO) under the Scheme, the switch-out requests from such Scheme will be effectedbased on the applicable NAV of such Scheme, as on the day of receipt of the switch request,subject to applicable cut-off timing provisions. However, the switch-in requests under theScheme will be processed on the date of the allotment of the Units.

    Switch out from the scheme:

    Investors are requested to note that a facility has been enabled for submitting switch outrequest during new fund offer period or at any time before maturity date of the Scheme. Theswitch out transaction will be processed based on the applicable Net Asset Value (NAV) onthe date of maturity.

    This facility is enabled for switch in to any of the New Fund Offers or any open-endedscheme of ICICI Prudential Mutual Fund. This facility is not available for units held in dematform.

    Investors are requested to note that switch out requests once submitted shall not becancelled at later date.

    Investors can also subscribe to the New Fund Offer (NFO) through ASBA facility.

    Outstation Cheques/Demand Drafts will not be accepted.

    MICR cheques, Transfer cheques and Real Time Gross Settlement (RTGS) requests will beaccepted till the end of business hours upto July 23, 2015 and Switch-in requests fromEquity and non-equity Schemes will be accepted upto July 23, 2015 till the cutoff timeapplicable for switches.

  • - 5 -

    Switch-in request from ICICI Prudential US Bluechip Equity Fund and ICICI Prudential GlobalStable Equity Fund will not be accepted.

    MINIMUM APPLICATION AMOUNT:

    Purchase/Switch-ins: Rs. 5,000/- and in multiples of Rs. 10 thereafter.

    DESPATCH OF REDEMPTION REQUEST:

    No redemption/ repurchase of units shall be allowed prior to the maturity of the scheme.Investors wishing to exit may do so by selling their units through stock exchanges. Thescheme shall be fully redeemed on the date of maturity and redemption proceeds shall bepaid out within 10 business days, subject to availability of all relevant documents and details.

    The redemption cheque will be issued in favour of the sole/first Unitholder's registered nameand bank account number and will be sent to the registered address of the sole/first holderas indicated in the original Application Form/Benpos file. The redemption cheque will bepayable at par at all the places where the Customer Service Centres are located. The bankcharges for collection of cheques at all other places will be borne by the Unitholder.

    BENCHMARK INDEX:

    CRISIL MIP Blended Index shall be benchmark index for the Scheme. As and when a morerepresentative index is available the trustees would propose to change the benchmark tothat index.

    DIVIDEND POLICY:

    The Trustee may approve the distribution of dividends by the AMC out of the net surplus ofthe Scheme. To the extent the net surplus is not distributed, the same will remain investedin the Scheme and be reflected in the NAV.

    NAME OF THE FUND MANAGERS:

    Mr. Vinay Sharma - Equity Portion

    Jointly by Mr. Rahul Goswami and Ms. Chandni Gupta - Debt Portion

    Mr. Shalya Shah - ADR/GDR and other foreign securities

    NAME OF THE TRUSTEE COMPANY:

    ICICI Prudential Trust Limited

    PERFORMANCE OF THE SCHEME: The Scheme does not have any Performance TrackRecord.

    EXPENSES OF THE SCHEME:

    Load Structure:

    Entry load: Not applicable. In terms of SEBI circular no. SEBI/IMD/CIR No.4/ 168230/09dated June 30, 2009, no entry load will be charged by the the Scheme to the investoreffective August 1, 2009. Upfront commission shall be paid directly by the investor to theAMFI registered Distributors based on the investors assessment of various factors includingthe service rendered by the distributor.

    Exit load: Being listed Scheme, no exit load provisions will be applicable. Investors shallnote that the brokerage on sales of the units of the Scheme on stock exchange shall beborne by the investor.

    Recurring Expenses:

    As per the Regulations, the maximum recurring expenses that can be charged to the Schemeshall be subject to a percentage limit of daily net assets as in the table below:

    First Rs. 100 crore Next Rs. 300 crore Next Rs. 300 crore Over Rs. 700 crore

    2.25% 2.00% 1.75% 1.50%

    The above table excludes additional expenses that can be charged towards: i) 30 bps forgross new inflows from specified cities and ii) service tax on investment management andadvisory fees. The same is more specifically elaborated below.

    At least 10% of the (Total Expense Ratio) TER is charged towards distribution expenses/commission in the Regular Plan. The TER of the Direct Plan will be lower to the extent of theabovementioned distribution expenses/ commission (at least 10%) which is charged in theRegular Plan.

    Atleast 2 basis points on daily net assets within the maximum limit of overall expense Ratioshall be annually set apart for investor education and awareness initiatives.

    Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 and SEBI(Mutual Funds) Second Amendment Regulations, 2012, following additional costs orexpenses may be charged to the scheme, namely:

    (i) The AMC may charge service tax on investment and advisory fees to the scheme ofthe Fund in addition to the maximum limit of total expenses ratio as prescribed inRegulation 52 of the Regulations, whereas service tax on other than investment andadvisory fees, if any, shall be borne by the scheme within the maximum limit as perregulation 52 of the Regulations.

    (ii) Expenses not exceeding of 0.30 per cent of daily net assets, if the new inflows fromsuch cities as specified by the Securities and Exchange Board of India, from time totime are at least

    30 per cent of the gross new inflows into the scheme, or;

    15 per cent of the average assets under management (year to date) of the scheme,

    whichever is higher;

    Provided that if inflows from such cities are less than the higher of the above, suchexpenses on daily net assets of the scheme shall be charged on proportionate basis;

    Provided further that expenses charged under this clause shall be utilised for distributionexpenses incurred for bringing inflows from such cities;

    Provided further that amount incurred as expense on account of inflows from suchcities shall be credited back to the scheme in case the said inflows are redeemed withina period of one year from the date of investment.

    Further, the brokerage and transaction cost incurred for the purpose of execution of trademay be capitalized to the extent of 12bps and 5bps for cash market transactions andderivatives transactions respectively. Any payment towards brokerage and transactioncost, over and above the said 12 bps and 5bps for cash market transactions and derivativestransactions respectively may be charged to the scheme within the maximum limit of TotalExpense Ratio as prescribed under regulation 52 of the SEBI (Mutual Funds) Regulations,1996. Service tax on brokerage and transaction cost paid for execution of trade, if any, shallbe within the limit prescribed under regulation 52 of the Regulations.

    The annual scheme recurring expenses are fungible within the overall maximum limitprescribed under SEBI (Mutual Funds) Regulations. This means that mutual fund can chargeexpenses within overall limits, without any internal cap on any expenses head.

    Subject to Regulations, expenses over and above the prescribed limit shall be borne by theAsset Management Company.

    WAIVER OF LOAD FOR DIRECT APPLICATIONS: Not applicable.

    TAX BENEFITS OF INVESTING IN THE MUTUAL FUND:

    Investors are advised to refer to Statement of Additional Information (SAI) available on thewebsite of AMC viz; www.icicipruamc.com and also independently refer to the tax advisor.

    PUBLICATION OF DAILY NET ASSET VALUE (NAV):

    The AMC will calculate and disclose the first NAV within 5 business days from the date ofallotment. Subsequently, the NAV will be calculated and disclosed at the close of everybusiness day. NAV shall be published at least in two daily newspapers having circulation allover India. NAV shall be made available at all Customer Service Centers of the AMC. AMCshall update the NAVs on the website of Association of Mutual Funds in India - AMFI(www.amfiindia.com) and AMC website (www.icicipruamc.com) by 9:00 p.m. on everyBusiness Day.

    FOR INVESTOR GRIEVANCES PLEASE CONTACT:

    Name and Address of Registrar Name, address, telephone number, fax number,e-mail 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 - 400 063.MGR Salai (K.H. Road), Tel No.: 022 26852000, Fax No.: 022-2686 8313Chennai - 600 034. e-mail: [email protected]

    UNITHOLDERS INFORMATION:

    The AMC shall disclose portfolio of various Schemes on the website www.icicipruamc.comalongwith ISIN on a monthly basis as on last day of each month, on or before tenth day ofthe succeeding month.

    The Fund shall before the expiry of one month from the close of each half year, that is as onMarch 31 and September 30, publish its scheme portfolios in one English daily newspaperhaving all India circulation and in a newspaper published in the language of the region wherethe Head Office of the AMC is situated in the prescribed format and update the same onAMC's website at www.icicipruamc.com and AMFI's website www.amfiindia.com.

    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 Marchand 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 andsuch other details as are necessary for the purpose of providing a true and fair view of theoperations of the mutual fund. Further, the AMC shall publish an advertisement disclosingthe hosting of such financial results on their website, in atleast one English daily newspaperhaving nationwide circulation and in a newspaper having wide circulation published in thelanguage 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 e-mail addressin the application form in any of the folio belonging to the investor(s), the Fund/ AssetManagement Company reserves the right to use Electronic Mail (e-mail) as a default modeto send various communication for transactions done by the investor(s).

    TRANSACTION CHARGES

    Pursuant to SEBI Circular No. Cir/ IMD/ DF/13/ 2011 dated August 22, 2011 transactioncharge 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 subscriptionof Rs.10,000/- and above;

    ii. A first time investor may be charged Rs.150/- as transaction charge per subscription ofRs.10,000/- and above.

    There shall be no transaction charge on subscription below Rs. 10,000/- and on transactionsother than purchases/ subscriptions relating to new inflows.

    Investors may note that distributors can opt to receive transaction charges based on typeof the Scheme. Accordingly, the transaction charges would be deducted from the subscriptionamounts, as applicable.

    The aforesaid transaction charge shall be deducted by the Asset Management Companyfrom the subscription amount and paid to the distributor, as the case may be and the balanceamount shall be invested in the relevant scheme opted by the investor.

    However, upfront commission to distributors will be paid by the investor directly to thedistributor, based on his assessment of various factors including the service rendered bysuch distributor.

    Transaction Charges shall not be deducted if:

    Purchase/Subscription made directly with the fund through any mode (i.e. not throughany distributor/agent).

    Purchase/ subscription made through stock Exchange, irrespective of investmentamount.

  • - 6 -

    CAS/ Statement of account shall state the net investment (i.e. gross subscription lesstransaction 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 onor before tenth day of succeeding month to the investors who have provided validPermanent Account Number (PAN). Due to this regulatory change, AMC shall nowcease to send physical account statement to the investors after every financialtransaction** including systematic transactions. Further, CAS will be sent via emailwhere any of the folios consolidated has an email id or to the email id of the first unitholder as per KYC records.

    **The word 'financial transaction' shall include purchase, redemption, switch, dividendpayout, dividend reinvestment, systematic investment plan, systematic withdrawalplan, systematic transfer plan and bonus transactions.

    2. For folios not included in the Consolidated Account Statement (CAS), the AMC shallhenceforth issue account statement to the investors on a monthly basis, pursuant toany 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 specifyingthe number of units allotted to the applicant by way of a physical account statementor an email and/or SMS's to the investor's registered address and/or mobile number notlater 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 theaccount statement to the investors within 5 business days from the receipt of suchrequest.

    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 MutualFunds for CAS.

    Further, in case if no transaction has taken place in a folio during the period of six monthsended September 30 and March 31, the CAS detailing the holdings across all Schemes ofall mutual funds, shall be emailed at the registered email address of the unitholders on halfyearly basis, on or before tenth day of succeeding month, unless a specific request is madeto receive the same in physical form.

    In case of the units are held in dematerialized (demat) form, the statement of holding of thebeneficiary 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 deemedfit in the interest of investor(s).

    CAS for investors having Demat account:

    Investors having MF investments and holding securities in Demat account shall receivea single Consolidated Account Statement (CAS) from the Depository.

    Consolidation of account statement shall be done on the basis of Permanent AccountNumber (PAN). In case of multiple holding, it shall be PAN of the first holder and patternof 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 hismutual 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 accountsthen 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 withwhom the account has been opened earlier will be the default depository.

    The dispatch of CAS by the depositories would constitute compliance by the AMC/ theMutual 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 theCAS, 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/ 2011dated September 8, 2011, the unit holders are requested to note that scheme wise annualreport and/or abridged summary of annual reports of the Schemes of the Fund shall be sentto the unit holders only by email at their email address registered with the Fund.

    Physical copies of the annual report or abridged summary of annual reports will be sent tothose Unit holders whose email address is not available with the Fund and/or who havespecifically requested or opted for the same.

    The unit holders are requested to update/ provide their email address to the Fund for updatingthe database.

    Physical copy of the scheme wise annual report or abridged summary will be available tothe unit holders at the registered office of the Fund/AMC. A separate link to scheme annualreport 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 alsomade available to unitholder on payment of nominal fees. Further as per Securities andExchange 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 abridgedsummary shall be mailed to all unitholders as soon as may be possible but not later than fourmonths from the date of closure of the relevant accounts year.

    CASH INVESTMENTS IN THE SCHEME:

    Pursuant to SEBI circular dated September 13, 2012 and SEBI circular dated May 22, 2014,it is permitted to accept cash transactions to the extent of Rs. 50,000/- subject to compliancewith Prevention of Money Laundering Act, 2002 and Rules framed there under and the SEBICircular(s) on Anti Money Laundering (AML) and other applicable AML rules, regulationsand guidelines. Provided that the limit shall be applicable per investor for investments donein a financial year across all schemes of the Mutual Fund, subject to sufficient systems andprocedures in place for such acceptance. However any form of repayment either by wayof redemption, dividend, etc. with respect to such cash investment shall be paid only throughbanking channel.

    The Asset Management Company is in process of implementing adequate systems andcontrols to accept Cash Investment in the Scheme. Information in this regard will be providedto 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 folioby submitting separate form available on the website of the AMC at www.icicipruamc.com.Individuals/HuF can register upto 5 different bank accounts for a folio, whereas non-individualscan register upto 10 different bank accounts for a folio.

    Note: The Scheme under this document was approved by the Directors of ICICI PrudentialTrust Limited vide resolution passed by circulation dated December 22, 2014 passed bycirculation.

    For and on behalf of the Board of Directors ofICICI Prudential Asset Management Company Limited

    Sd/-

    Nimesh ShahManaging Director

    Place : MumbaiDate : June 25, 2015

  • - 7 -

    MA

    ND

    ATO

    RY

    3 BANK ACCOUNT (PAY-OUT) DETAILS OF SOLE/FIRST APPLICANT (Please Refer to Instruction No. III)

    Name of Bank

    AccountNumber Account Type

    NRE NRO Savings Current FCNR

    Branch Name

    9 Digit MICR code 11 Digit IFSC Code

    Branch City

    Mandatory information If left blank the application is liable to be rejected. (Mandatory to attach proof, in case the pay-out bank account is different from the source bank account.) Forunit holders opting to hold units in demat form, please ensure that the bank account linked with the demat account is mentioned here.

    Enclosed (Please ):

    Bank Account Details Proof Provided.

    BROKER CODE (ARN CODE) SUB-BROKER ARN CODE Employee UniqueIdentification No. (EUIN)

    SUB-BROKER CODE(As allotted by ARN holder)

    Declaration for "execution-only" transaction (only where EUIN box is left blank) (Refer Instruction No. X). I/We hereby confirm that the EUIN box has been intentionally left blank by me/us as this is an execution-only transaction without any interaction or advice by the employee/relationship manager/sales person of the above distributor or notwithstanding the advice of in-appropriateness, if any, provided by the employee/relationship manager/sales person of the distributor and the distributor has not charged any advisory fees on this transaction.

    SIGNATURE OF SOLE / FIRST APPLICANT SIGNATURE OF SECOND APPLICANT SIGNATURE OF THIRD APPLICANT

    In case the subscription (lumpsum) amount Rs 10,000/- or more and your Distributor has opted to receive transactions charges, Rs 150/- (for first time mutual fund investor) or Rs 100/- (for investor otherthan first time mutual fund investor) will be deducted from the subscription amount and paid the distributor. Units will be issued against the balance amount invested.

    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.

    1 EXISTING UNITHOLDERS INFORMATION If you have an existing folio no. with PAN & KYC validation, please mention your name & folio No. and proceed to Step 4

    Name FIRST MIDDLE LASTMr. Ms. M/s FOLIO No.

    2 APPLICANT(S) DETAILS [Please Refer to Instruction No. II (b)]

    Enclosed (Please ) KYC Acknowledgement Letter

    Name of * #

    Enclosed (Please )

    KYC Acknowledgement LetterPAN/PEKRN*

    PAN/PEKRN*

    Sole/FirstApplicant Mr. Ms. M/s FIRST MIDDLE LAST

    Mr. Ms.

    Relationship withMinor applicant

    Natural guardian

    Court appointed guardian

    Mandatory information If left blank the application is liable to be rejected.

    Date of Birth**

    2nd Applicant Name PAN/PEKRN (2nd Applicant) KYC Proof Attached (Mandatory)

    3rd Applicant Name PAN/PEKRN (3rd Applicant) KYC Proof Attached (Mandatory)

    GUARDIAN (in case First/Sole applicant is minor)/CONTACT PERSON-DESIGNATION/PoA HOLDER (in case of Non-Individual Investors)

    TRANSACTION CHARGES FOR APPLICANTS THROUGH DISTRIBUTORS ONLY [Refer Instruction IX]

    D D M M Y Y Y Y

    Application No.

    Amount Invested

    Rs.

    City

    NRO

    Account Type (For NRI Investors)

    NRE FCNR

    Cheque/DD Date

    D D M M Y Y

    Cheque/DD No.

    The cheque/demand draft should be drawn in favour of ICICI Prudential Capital Protection Oriented Fund - SeriesVIII - 1115 days Plan F and crossed Account Payee Only. The cheque/demand draft should be payable at thecentre where the application is lodged. For third party investment, refer instruction no. XIV.

    Application Form for Resident Indians and NRIs/PIOs. Investor must read Key Information Memorandum and Instructions beforecompleting this form. All sections to be completed in ENGLISH in BLACK / BLUE COLOURED INK and in BLOCK LETTERS.

    This Product is suitable for investors who are seeking*:

    Long term savings solution

    A Hybrid Fund that seeks to protect capital by investing a portion of the portfolio in highest rated debt securities andmoney market instruments and aim for capital appreciation by investing in equities.

    * Investors should consult their financial advisers if in doubt about whether the product is suitable for them

    BANK NAME, BRANCH & ADDRESS: Same as above [Please tick () if yes] Different from above [Please tick () if it is different from above and fill in the details below]

    ICICI Prudential Capital Protection Oriented Fund -

    Series VIII - 1115 days Plan FNew Fund Offer Opens on July 09, 2015

    New Fund Offer Closes on July 23, 2015

    4 YOUR INVESTMENT DETAILS UNDER ICICI PRUDENTIAL CAPITAL PROTECTION ORIENTED FUND - SERIES VIII - 1115 DAYS PLAN FOPTION: Cumulative Dividend PayoutScheme: ICICI Prudential Capital Protection Oriented Fund - Series VIII - 1115 days Plan F PLAN (Please tick ): Regular Direct

    Low

    Moderate

    ly

    LowModerately High

    HighLow High

    ModerateInvestors understand thattheir principal will be atmoderately low risk

  • - 8 -

    SIGNATURE OF SOLE / FIRST APPLICANT SIGNATURE OF SECOND APPLICANT SIGNATURE OF THIRD APPLICANT

    Trigger on maturity of the Scheme:

    Investor will have the option to set trigger at the time of application. On maturity, all the units can be switched into one of the pre-selected open-ended schemes of ICICI Prudential Mutual Fund. Thetrigger facility is available only for the investor who holds units under physical mode. (Please read the instruction no. XVI)

    TARGET SCHEME: (Please mention any of the open-ended schemes of ICICI Prudential Mutual Fund as target scheme)

    ICICI Prudential ____________________________________________________________________________ (If an investorfails to specify the option, he will be allotted units under the default option/sub-option of the Target scheme.)

    I/We have read and understood the terms and conditions applicable to the trigger facility and am/are fully aware of the risk associated with such event.I/We have read and understood the Scheme Information Document (SID)/ Statement of Additional Information (SAI) and Key Information Memorandum (KIM) of the Target Scheme and have understood the investmentobjectives, investment pattern and risk factors applicable to the Target Scheme. I/We have not received nor been induced by any rebate or gifts, directly or indirectly, in opting the Trigger facility.

    SOURCE SCHEME:

    ICICI Prudential Capital Protection Oriented Fund -Series VIII - 1115 days Plan F

    SIGNATURE(S) (If the investor does not sign then the units will, by default, be redeemed and proceeds will be paid to the Unit holder.)

    Mode of Holding [Please tick ()] Single Joint Anyone or Survivor (Default)

    Tax Status [Please tick ()]

    Resident Individual NRI Partnership FIRM Government Body Foreign Portfolio Investor QFI

    On behalf of Minor Foreign National Company AOP/BOI Defence Establishment NON Profit Organization/Charities

    HUF Body Corporate Private Limited Company FII Public limited company Bank / FI

    Trust/Society/NGO Limited Partnership (LLP) Sole Proprietorship Others (Please specify) __________________________________________________

    7 KYC DETAILS (Mandatory)

    Occupation [Please tick ()]

    Private Sector Service Public Sector Service Government Service Business Professional Agriculturist Retired Housewife Student Forex Dealer Others (Please specify)_______________________________________________

    Sole/FirstApplicant

    Private Sector Service Public Sector Service Government Service Business Professional Agriculturist Retired Housewife Student Forex Dealer Others (Please specify)_______________________________________________

    SecondApplicant

    Private Sector Service Public Sector Service Government Service Business Professional Agriculturist Retired Housewife Student Forex Dealer Others (Please specify)_______________________________________________

    ThirdApplicant

    5 DEMAT ACCOUNT DETAILS (Optional - Please refer Instruction No. VIII)

    If yes, Depository Participant (DP) ID (NSDL only) Beneficiary Account Number (NSDL only) If yes, Depository Participant (DP) ID (CDSL only)

    Do you want units in demat form : Yes OR No (Please )The application form should mandatorily accompany the latest Client investormaster/ Demat account statement.

    NSDL OR CDSL (Please )

    Correspondence Address (Please provide full address)* Overseas Address (Mandatory for NRI / FII Applicants)

    6 Correspondence Details of Sole/First Applicant:

    Please if you wish to receive Account statement / Annual Report/ Other statutory information via Post instead of Email

    Please any of the frequencies to receive Account Statement through e-mail : Daily Weekly Monthly Quarterly Half Yearly Annually

    * Mandatory information If left blank the application is liable to be rejected.** Mandatory in case the Sole/First applicant is minor. For KYC requirements, please refer to the instruction Nos. II b(5) & VII

    # Name of Guardian/Contact Person is Mandatory in case of Minor/Non-Individual Investor.For documents to be submitted on behalf of minor folio refer instruction II-b(2) For email communication please refer to instruction no. VI

    HOUSE / FLAT NO.

    STREET ADDRESS

    COUNTRY PIN CODE

    HOUSE / FLAT NO.

    STREET ADDRESS

    PIN CODE

    CITY / TOWN STATE

    COUNTRY

    CITY / TOWN STATE

    Tel. (Res.)

    Mobile

    FaxTel. (Off.)

    Email

    FATCA declaration/Foreign Tax Laws (self-certification)

    For Individual

    Is any of the applicants/guardian/Power of Attorney holder's country of birth/citizenship/nationality/tax residency status other than India?

    Yes OR No (Please )If yes, please fill and submit the mandatoryIndividual Declaration Form (Annexure I)

    For Non-Individual

    Is country of incorporation/Formation/tax residency status other than India? Yes OR No (Please )If yes, please fill and submit the mandatoryIndividual Declaration Form (Annexure II)

    Is any of ultimate beneficial owner(s)/authorized signatory (ies)/POA holder's countryof birth/citizenship/nationality/tax residency status other than India?

    Yes OR No (Please ) If yes the please fill and submit mandatoryIndividual Declaration Form (Annexure II)

  • - 9 -

    AC

    KN

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    ACKNOWLEDGEMENT SLIP (Please Retain this Slip) Application No.

    To be filled in by the Investor. Subject to realization of cheque andfurnishing of Mandatory Information.

    EXISTING FOLIO NO.

    Note: All future communications in connection with this application should be addressed to the nearest ICICI Prudential Mutual Fund Customer Service Centre, quoting full name of thefirst applicant, the application serial number, the name of the scheme, the amount invested, date and the place of the Customer Service Centre where application was lodged.

    FOR ANY ASSISTANCE OR FURTHER INFORMATION PLEASE CONTACT US

    ICICI Prudential Asset Management Company LimitedCentral Service Office, 2nd Floor, Block B-2, Nirlon Knowledge Park, Western Express Highway, Goregaon (East), Mumbai - 400 063. India

    TOLL FREE NUMBER 1800 222 999 (MTNL/BSNL) 1800 200 6666 (OTHERS) EMAIL [email protected] WEBSITE www.icicipruamc.com

    Scheme Name Plan Option/Sub-option Payment Details

    Amt.________________________ Cheque/DD No.

    __________________ dtd:__________________

    Bank & Branch_____________________________

    Receivers Signature & Stamp

    ICICI PRUDENTIAL CAPITAL

    PROTECTION ORIENTED FUND -

    SERIES VIII - 1115 DAYS PLAN F

    8 NOMINATION DETAILS (Refer instruction IV)

    Nominee

    Guardian

    Nominees

    Address

    (Mandatory) SIGNATURE OF NOMINEE/GUARDIAN, IF NOMINEE IS A MINOR

    Date of BirthNAME OF NOMINEE

    MANDATORY, IF NOMINEE IS A MINOR

    CITY / TOWN PIN CODE

    (Mandatory if nominee is minor)

    Relationship with the Nominee: Father Mother Legal Guardian [Please tick ()]

    D D M M Y Y

    I/We hereby nominate the undermentioned nominee to receive the amount to my/our credit in event of my/our death.

    HOUSE / FLAT NO STREET ADDRESS

    (Please tick if Nominees address issame as 1st/Sole Applicants address)

    9 INVESTOR(S) DECLARATION & SIGNATURE(S)

    The Trustee, ICICI Prudential Mutual Fund, I/We have read and understood the Scheme Information Document/Key Information Memorandum of the Scheme(s). I/We apply for the units of the Fund and agreeto abide by the terms, conditions, rules and regulations of the scheme and other statutory requirements of SEBI, AMFI, Prevention of Money Laundering Act, 2002 and such other regulations as may be applicablefrom time to time.I/We confirm to have understood the investment objectives, investment pattern, and risk factors applicable to Plans/Options under the Scheme(s). I/we have not received nor been inducedby any rebate or gifts, directly or indirectly, in making this investment. I/We declare that the amount invested in the Scheme is through legitimate sources only and is not designed for the purpose of contraventionor evasion of any Act, Regulations or any other applicable laws enacted by the Government of India or any Statutory Authority. I/We agree that in case my/our investment in the Scheme is equal to or more than25% of the corpus of the plan, then ICICI Prudential Asset Management Co. Ltd.(the 'AMC'), has full right to refund the excess to me/us to bring my/our investment below 25%. I/We hereby declare that I am/we are not US Person(s). I/We hereby declare that I/we do not have any existing Micro SIPs which together with the current application will result in a total investments exceeding Rs.50,000 in a year. The ARNholder has disclosed to me/us all the commissions (in the form of trail commission or any other mode), payable to him for the different competing Schemes of various Mutual Funds from amongst which the Schemeis being recommended to me/us. I/We interested in receiving promotional material from the AMC via mail, SMS, telecall, etc. If you do not wish to receive, please call on tollfree no. 1800 222 999 (MTNL/BSNL)or 1800 200 6666 (Others).

    Information/documents given in/with this application form is true and complete in all respects and I/we agree to provide any additional information that may be required by the AMC/the Fund/ Registrar and TransferAgent (RTA). I/We agree to notify the AMC/the Fund immediately upon change in any information furnished by me.

    Gross Annual Income [Please tick ()]

    Sole/First Applicant Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore >1 crore

    Net worth (Mandatory for Non-Individuals) ` _____________________________ as on (Not older than 1 year)

    Second Applicant

    Third Applicant

    Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore >1 crore OR Net worth ` ________________________________

    Below 1 Lac 1-5 Lacs 5-10 Lacs 10-25 Lacs >25 Lacs-1 crore >1 crore OR Net worth ` ________________________________

    D D M M Y Y Y Y

    Others [Please tick ()]

    For Non-Individuals [Please tick ()] (Please attach mandatory Ultimate Beneficial Ownership (UBO) declaration form - Refer instruction no. XVII):

    For Individuals [Please tick ()]: I am Politically Exposed Person (PEP)^ I am Related to Politically Exposed Person (RPEP) Not applicable

    (i) Foreign Exchange / Money Changer Services YES NO; (ii) Gaming / Gambling / Lottery / Casino Services YES NO; (iii) Money Lending / Pawning YES NO

    Sole/FirstApplicant

    Second Applicant Politically Exposed Person (PEP)^ Related to Politically Exposed Person (RPEP) Not applicable

    Third Applicant Politically Exposed Person (PEP)^ Related to Politically Exposed Person (RPEP) Not applicable

    SIGNATURE OF SOLE / FIRST APPLICANT SIGNATURE OF SECOND APPLICANT SIGNATURE OF THIRD APPLICANT

  • - 10 -

    INSTRUCTIONS TO INVESTORS

    I. GENERAL INSTRUCTIONS

    a) The application form is for Resident Investors/NRIs/FIIs and should be completed in English inBLOCK Letters.

    b) The application form number, the scheme name and the name of the applicant should be mentionedon the reverse of the instrument that accompanies the application.

    c) The Application completed in all respects along with the cheque / demand draft must be submittedto the nearest Customer Service Centre. Applications incomplete in any respect or notaccompanied by a cheque or demand draft for the amount payable are liable to be rejected andthe money paid, if any, will be refunded without interest.

    d) No receipt will be issued for the application money. The Customer Service Centers will stamp andreturn the acknowledgement slip in the application form, to acknowledge receipt of the application.

    e) In case of corrections / overwriting on key fields (as may be determined at the sole discretion of theAMC) of the application forms/transaction slips, the AMC reserves the right to reject the applicationforms/transaction slips, in case the investor(s) has/have not countersigned in every place wheresuch corrections/overwriting has/have been made.

    f) Investors are advised to retain the acknowledgement slip signed/stamped by the collection centrewhere they submit the application.

    g) As required under applicable regulations, additional details like status, occupation details, grossannual income, net worth and other details as mentioned in the relevant sections of the applicationform are mandatory for all applicants as applicable, including joint holders. Details of net worth aremandatory for Non Individual applicants and optional for Individual applicants in lieu of gross annualincome. While providing details of net worth, the same should be of a date which is within one yearof the application.

    h) Applications are liable to be rejected without any intimation to the applicants, if requirement under"KYC details" are not complied with/filled by all the applicants, KYC acknowledgement is not enclosedor any of the additional details are not mentioned for any of the applicant.

    II. UNITHOLDERS INFORMATION

    a) Existing Unit-holders: If you have an existing folio with KYC validation, please mention the FolioNumber in Step 1 and proceed to Step 3 in the application form. Please note that the applicabledetails and mode of holding will be as per the existing folio. Partial Demat of units is not allowed

    b) New Applicant

    1. Name and address must be given in full (P.O. Box Address is not sufficient). In the case of NRI/PIO/FII investors, an overseas address must also be provided.

    2. Name of the guardian alongwith relationship must be mentioned, if the investments are beingmade on behalf of a minor. Guardian of the minor should either be a natural guardian (i.e. fatheror mother) or a court appointed legal guardian. Joint holding is not allowed, if the first applicantis minor.

    In case of investment in the name of a minor, the registered guardian in the bank account of theminor should be the same guardian as mentioned in the folio/application (Parent/ Court Appointed).This will ensure seamless payment of redemption/dividend amount to the minor's account.

    In case of a minor, it is mandatory to submit photocopy of any one of the following towards proofof date of birth at the time of initial investment :

    a) Birth certificate of minor, or

    b) School leaving certificate / Mark sheet issued by Higher Secondary Board of respectivestates, ICSE, CBSE etc, containing the minors date of birth, or

    c) Passport of minor

    d) Any other suitable proof evidencing the date of birth of the minor.

    In case of natural guardian, a document evidencing the relationship has to be submitted, if the sameis not available as part of the documents submitted as proof of date of birth of the minor applicant.

    In case of court appointed legal guardian- a notorised photo copy of the court order should besubmitted alongwith the application.

    3. Minor Attaining Majority - Status Change:

    On minor attaining majority, the unit holder shall submit a letter along with the documents asmentioned below:

    a) A signed request form to change account status from minor to major duly filled containingdetails like name of the major, folio no. etc.

    b) New Bank Mandate.

    c) Signature of major attested by manager of schedule bank/ bank certificate/ letter.

    d) KYC and PAN of the major.

    Guardian name and details will be deleted on change of Tax status from Minor to Major. Thestanding instruction including SIP, STP and SWP will be registered only till the date of minorattaining majority, though the instructions may be for a period beyond that date.

    4. In case of an application under Power of Attorney (PoA) or by a Limited Company, Body Corporate,Registered Society, Trust or Partnership etc., the relevant Power of Attorney or the relevantresolution or authority to make the application as the case may be, or duly certified copy thereof,along with the Memorandum and Articles of Association / bye-laws must be lodged along withthe application form.

    Power of Attorney (POA): In case an investor has issued Power of Attorney (POA) for makinginvestments, switches, redemptions etc., under his/her folio, both the signature of the investorand the POA holder have to be clearly captured in the POA document, to be accepted as a validdocument. At the time of making redemption / switches the fund would not be in a position toprocess the transaction unless, PoA holders signature is available in the PoA or proof of identityalong with signature is produced along with the PoA.

    5. PAN is mandatory: As per SEBI Circular MRD/Dop/Cir/-05/2007 dated April 27, 2007 PermanentAccount Number (PAN) has been made the sole identification number for all participants transactingin the securities market, irrespective of the amount of transaction, w.e.f. July 02, 2007. PAN ismandatory for all mutual fund investments w.e.f. 1st January, 2008. Accordingly, any applicationnot accompanied with the PAN is liable to be rejected except for investors who are exempted fromPAN requirement, please refer to KYC Form for exemption of PAN requirement.

    6. Exemption from requirement of Permanent Account Number (PAN) for micro investments inthe schemes of the Fund: Investment in mutual fund schemes [including investments throughSystematic Investment Plan (SIP)] upto Rs. 50,000/- per investor per year per mutual Fund,shall be exempted from the requirement of PAN.

    The exemption shall be available under all the schemes of the Fund for investments upto Rs.50,000/- (aggregate under all the schemes of the Fund) in a rolling 12 month period or financialyear i.e. April to March by individuals (including NRIs but not PIOs), Minors, Sole proprietaryfirms and Joint holders. HUFs and other categories will not be eligible.

    In case the first Micro SIP installment is processed (as the cheque may be banked), and theapplication is found to be defective, the Micro SIP registration will be ceased for futureinstallments. No refunds to be made for the units already allotted. Investor will be sent acommunication to this effect, however, redemptions shall be allowed.

    In case of investments held jointly, first holde