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    Prudential ICICI Mutual Fund

    IMPORTANT NOTICEInvesting in mutual fund schemes involves certain risks and considerations associated generally with making investmentsin securities. The value of the investments of the Plans comprised under the Scheme may be affected generally by factorsaffecting financial markets, such as price and volume, volatility in interest rates, currency exchange rates, changes inregulatory and administrative policies of the Government or any other appropriate authority (including tax laws) or otherpolitical and economic developments. Consequently, there can be no assurance that the Plan(s) offered in this OfferDocument would achieve the stated objectives. The NAV of the Units of the Plans may fluctuate and can go up or down.Past performance of the schemes managed by the Sponsors or their affiliates or the Asset Management Company is notindicative of the future performance of the Plans nor will the performance of the Plans, following the commencement ofthe operations, be indicative of the Plans future performance.

    Prospective Investors are advised to review this Offer Document carefully and in its entirety and consult their legal, tax andfinancial advisors to determine possible legal, tax and financial or any other consequences of subscribing to, purchasingor holding Units under any Plan(s), before making an application to subscribe or purchase the Units.

    The Prudential ICICI Mutual Fund (the Fund) and the Prudential ICICI Asset Management Company Limited (the AMC),have not authorized any person to give any information or make any representations, either oral or written, not stated inthis Offer Document in connection with issue of Units under the Plan(s). Prospective Investors are accordingly advised notto rely upon any information or representations not incorporated in this Offer Document. Any subscription, purchase orsale made by any person on the basis of statements or representations which are not contained in this Offer Documentor which are inconsistent with the information contained herein shall be solely at the risk of the Investor.

    The current Regulations impose certain restrictions and conditions on the AMC for entering into transactions with theSponsors and their associates on behalf of the Fund. These restrictions include:

    a) Purchase or sale of securities through any broker associated with the Sponsors or through a firm which is anassociate of the Sponsor(s) shall not exceed an average of 5% of the aggregate purchases and sale of securitiesmade by the Fund in all its Schemes in a block of any three months.

    b) Utilization of the services of the Sponsors or any of their associates, for the purpose of any securities transactionsand distribution and sale of securities shall be made only if a disclosure to this effect is made in the Offer Documentand the brokerage or commission paid is also disclosed in the half yearly annual accounts of the mutual fund.

    c) The Mutual Fund Scheme shall not make any investment in;

    1. any unlisted security of an associate or group company of the Sponsor; or

    2. any security issued by way of private placement by an associate or group company of the Sponsor; or

    3. the listed securities of group companies of the Sponsor which is in excess of 25% of its net assets.

    In this Offer Document, all references to $ are to United States of America Dollars, to Pound Sterling of UnitedKingdom and Rs. to Indian Rupees. The Reference Exchange Rate between the United States Dollar and the IndianRupee has been taken at $1 = Rs.46.00 and UK and Indian Rupee at 1= Rs.83.7698.

    This Offer Document is dated February 7, 2005.

  • Prudential ICICI Fixed Maturity Plan

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    TABLE OF CONTENTS1. Highlights ...................................................................................................................................................................... 6

    2. Definitions ..................................................................................................................................................................... 8

    3. Summary Prudential ICICI Fixed Maturity Plan .................................................................................................. 10

    4. Constitution of the Mutual Fund ............................................................................................................................. 11

    a) The Sponsors ........................................................................................................................................................ 11

    b) The Trustee Company ........................................................................................................................................... 12

    i. Directors ......................................................................................................................................................... 12

    ii. Rights and Obligations of the Trustee ......................................................................................................... 13

    iii. Trusteeship Fees ............................................................................................................................................. 15

    c) Management of Asset Management Company (AMC) ........................................................................................ 15

    i. Board of Directors of the AMC .................................................................................................................... 16

    ii. Powers, Duties & Responsibilities of the AMC ............................................................................................ 18

    iii. Key Employees of AMC & relevant experience ............................................................................................. 19

    iv. Fund Manager ............................................................................................................................................... 23

    v. Compliance Officer ........................................................................................................................................ 23

    vi. Investor Relations Officer .............................................................................................................................. 23

    d) Auditors ................................................................................................................................................................ 23

    e) Registrar ................................................................................................................................................................ 23

    f) Custodian ............................................................................................................................................................. 23

    5. Investment Objectives & Policies ............................................................................................................................. 24

    (i) Prudential ICICI Fixed Maturity Plan Yearly Series 5 ............................................................................................ 24

    a) Type of the Scheme ....................................................................................................................................... 24

    b) Investment Objective ..................................................................................................................................... 24

    c) Terms of the Plan .......................................................................................................................................... 24

    (ii) Prudential ICICI Fixed Maturity Plan 1 Year Plus Series 6 ..................................................................................... 27

    a) Type of the Scheme ....................................................................................................................................... 27

    b) Investment Objective ..................................................................................................................................... 27

    c) Terms of the Plan .......................................................................................................................................... 27

    (iii) Prudential ICICI Fixed Maturity Plan 1 Year Plus Series 12 ................................................................................. 31

    a) Type of the Scheme ....................................................................................................................................... 31

    b) Investment Objective ..................................................................................................................................... 31

    c) Terms of the Plan .......................................................................................................................................... 31

    (iv) Prudential ICICI Fixed Maturity Plan Series 24 .................................................................................................... 35

    a) Type of the Scheme ....................................................................................................................................... 35

    b) Investment Objective ..................................................................................................................................... 35

    c) Terms of the Plan .......................................................................................................................................... 35

    (v) Prudential ICICI Fixed Maturity Plan Series 25 ...................................................................................................