kim-capro series x-1375 days plan-b

7/25/2019 KIM-Capro Series X-1375 Days Plan-B

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ICICI Prudential Asset Management Company LimitedICICI Prudential Mutual Fund

(A Close-ended Capital Protection Oriented Fund)Rated CARE AAAmfs (SO) [Triple A mfs (Structured Obligation)]by CARE Ltd.#

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

This Product is suitable for investors who are

seeking*: Long term savings solution

A Hybrid Fund that seeks to protect capital byinvesting a portion of the portfolio in highestrated debt securities and money marketinstruments and aim for capital appreciation byinvesting in equities.

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

Name of theScheme

New Fund Offer opens New Fund Offer closes*

1375 Days Plan B June 21, 2016 July 05, 2016

*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 for more than 15 days or such period as allowed by SEBI.

Being a close-ended fund the Scheme will not reopen for subscriptions. TheScheme is proposed to be listed on BSE Limited (BSE).

Regd. Office: Landmark, Race CourseCircle, Vadodara 390 007, India; and

(through its wholly owned subsidiary,Prudential Corporation Holdings Limited): Laurence PountneyHill, London EC4R OHH, United Kingdom

U74899DL1993PLC054134Regd. Office: 12th Floor, Narain Manzil, 23, BarakhambaRoad, New Delhi-110 001.

U99999DL1993PLC054135 12th Floor, Narain Manzil, 23, Barakhamba

Road, New Delhi-110 001.One BKC 13th Floor, Bandra Kurla

Complex, Mumbai - 400051.,Tel: +91 22 2652 5000 Fax: +91 22 2652 8100, website:www.icicipruamc.com, email id: [email protected]

2nd Floor, Block B-2, NirlonKnowledge 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]

The Scheme is a close ended Capital Protection Oriented Fund. The investmentobjective of the Scheme is to seek to protect capital by investing a portion of theportfolio in highest rated debt securities and money market instruments and alsoto provide capital appreciation by investing the balance in equity and equityrelated securities. The debt securities would mature on or before the maturity ofthe Scheme.

However, there can be no assurance that the investment objective of theScheme will be realized.

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

Debt securities & moneymarket instruments#

100 65 Low to Medium

Equity & equity relatedsecurities

35 0 Medium to high

# Under the Scheme, it is proposed to make investments in debt securitieswhich mature on or before the date of maturity of the Scheme. Any change inthe investment pattern may be for a period of 30 days for defensiveconsiderations. Any change in the asset allocation is for defensive considerationand the AMC shall endeavour to ensure that the capital remains protected tillmaturity. The portfolio would be rebalanced within 30 days to address anydeviations from the aforementioned allocations due to market changes. TheScheme shall not take any exposure to floating rate instruments.

If owing to adverse market conditions or with the view to protect the interest ofthe investors, the fund manager is not able to rebalance the asset allocationwithin the above mentioned period of 30 days, the same shall be reported to the

Internal Investment Committee.

The internal investment committee shall thendecide on the future course of action.

On account of market conditions and considering the risk reward analysis ofinvesting in equity and taking into consideration the interest of unit holders, theScheme may invest the uninvested portion of equity allocation in highest ratedCDs, CBLOs, Repo and Reverse Repo in government securities and Cash/Cashequivalent.

Note: The Scheme may enter into derivative transactions on a recognized stockexchange, subject to the framework specified by SEBI. If the Scheme decides toinvest in equity derivatives it could be up to 100% of the allocation to equity. Themargin money requirement for the purpose of derivative exposure may be heldin the form of term deposits. The Scheme shall not take leverage positions andtotal investments, including investments in equity and other securities and grossexposure to derivatives, if any, shall not exceed net assets under management ofthe Scheme. The exposure to derivatives shall be for portfolio rebalancingand/or hedging purpose or to improve performance and manage risk efficiently.Derivatives will be used in the form of Index Options, Index Futures, StockOptions and Stock Futures and other instruments as may be permitted by SEBI.All derivatives trade will be done only on the exchange with guaranteedsettlement. No OTC contracts will be entered into.

Investment in ADR/ GDR/ foreign securities may be up to 100 % of the equityallocation.

The Scheme shall invest only in AAA or equivalent short term rated papers. TheScheme shall not invest in unrated papers and will not undertake repos incorporate debt securities.

The cumulative gross exposure through equity, debt and derivative positionsshall not exceed 100% of the net assets of the Scheme and the total exposure tooption premium paid shall not exceed 20% of the net assets of the Scheme.
http://www.icicipruamc.com/


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CARE has vide its letter dated June 07, 2016 provided asset allocation to debtportfolio as 83%-93%.

* or equivalent short term rating

The Scheme will not invest in Securitised Debt.The tenure of the Scheme is 1375 Days from the date of allotment of units.

1. In case instruments/ securities as indicated above are not available or takinginto account risk reward analysis of instruments/ securities, the Schememay invest in Certificate of Deposits (CDs) having highest ratings/ CBLOs/Repo and Reverse Repo in Government securities/ T-bills. Such deviationmay exist till suitable instruments of desired credit quality are available.

2. All investment shall be made based on the rating prevalent at the time ofinvestment. In case security is rated by more than one rating agency, themost conservative rating would be considered.

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

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

5. In the event of any deviations from the floor and ceiling of credit ratingsspecified for any instrument, the same shall be rebalanced within 30 daysfrom the date of the said deviation.

6. Further, the allocation may vary during the tenure of the Scheme. Some ofthe instances are : (i) coupon inflow; (ii) the instrument is called or boughtback by the issuer (iii) in anticipation of any adverse credit event. Suchdeviations may exist and incase of such deviations the Scheme may investin CDs having highest rating/ CBLOs /Reverse Repos and Repo inGovernment Securities / T Bills.

There would not be any variation from the intended portfolio allocation as statedin the launch Scheme Information Document / Key Information Memorandum onthe final allocation, except as specified in point no. 1, 4, 5 and 6.

In the event of any deviation from the asset allocation stated above, the FundManager shall rebalance the portfolio within 30 days from the date of suchdeviation except in case where the deviation is on account of the conditionstated in point 1 and 6 above.

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 continueto apply even in cases where the security is rated by CARE and any otherAgency. However, this limit will not apply to securities issued by a Public SectorUndertaking (PSU). Any change due to change in the market conditions resultingin an increase in exposure beyond the specified limit of 20%, the exposure willbe brought down within a period of 30 days.

The yield on debt securities at the time of purchase will not be more than 100bps as stipulated under relevant CRISIL or ICRA or FIMMDA Matrices, asapplicable. However, this shall not apply for purchase of securities issued byGovernment of India and Public Sector Undertakings. The restriction shall beapplicable at the time of investment and not thereafter

There can be no assurance that the investment objective of the Scheme will berealized. The Scheme will also review these investments from time to timekeeping in view the extant SEBI Regulations and the Fund Manager may alignthe portfolio to the extent as considered beneficial to the investors.

The Trust Company shall review the rating and portfolio of the Scheme on aperiodic basis and will report the same in the half-yearly Trustee Report. TheAMC will also report about the same in the bi-monthly Compliance Test Report.

The Scheme offered is oriented towards protection of capital and not with

guaranteed returns. The orientation towards protection of the capital originates

from the portfolio structure 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 investorswhen the composition/asset allocation pattern under the Scheme undergochanges within the permitted band as indicated above or for changes due todefensive positioning of the portfolio with a view to protect the interest of theunitholders for a period of one month. The investors/unit holders can ascertaindetails of portfolio of the Scheme/plan as on the last date of each month on

AMCs website at www.icicipruamc.com which are displayed as per SEBIRegulations.

Subject to the Regulations and the disclosures as made under the Section How

the Scheme will allocate its Assets, the corpus of the Scheme can be investedin any (but not exclusive) of the following securities/ instruments:

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

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

obtain equity shares.

3) Fixed Income securities of domestic Government agencies and statutorybodies, which may or may not carry a Central/State Government guarantee.

4) Money market instruments permitted by SEBI/RBI.

5) Derivative instruments like, Options, Interest Rate Swaps, Forward RateAgreements, Interest Rate Derivatives, Exchange Traded Interest Rate Futuresand such other derivative instruments permitted by SEBI/RBI.

6) ADRs/GDRs or other foreign securities, subject to the guidelines issued byReserve Bank of India and Securities and Exchange Board of India.

7) Bank Fixed Deposits and any such instruments as permitted by SEBI and inaccordance with the final allocation.

8) Securities created and issued/ guaranteed by the Central and StateGovernments and/or repos/reverse repos in such Government Securities asmay be permitted by RBI (including but not limited to coupon bearing bonds,zero coupon bonds and treasury bills).

9) Any other domestic fixed income securities as permitted by SEBI/ RBI fromtime to time.

10)Units of Mutual Fund subject to applicable regulations.

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

The Scheme may enter into derivative transactions on a recognized stockexchange, subject to the framework specified by SEBI. If the Scheme decides toinvest in equity derivatives it could be up to 100% of the allocation to equity. Themargin money requirement for the purpose of derivative exposure may be heldin the form of term deposits. The Scheme shall not take leverage positions andtotal investments, including investments in equity and other securities and grossexposure to derivatives, if any, shall not exceed net assets under management of

the Scheme. The exposure to derivatives shall be for portfolio rebalancingand/or hedging purpose or to improve performance and manage risk efficiently.

: The Scheme shall not invest in Companies falling underGems & Jewellery, Real Estate Sector and Leather and Leather Products sectorsin case of fixed income component.

The Scheme will not invest/ have exposure in the following:1. Companies falling within Gems & Jewellery, Real Estate Sector and Leather

and Leather Products Sectors.2. Unrated securities (except CBLOs/ Reverse Repo and Repo in Government

Securities / T-bills).3. Repos in corporate debt securities.4. Securitised Debt.5. Short Selling.6. Securities Lending.7. Floating rate instruments

Mutual Funds/AMCs shall ensure that total exposure of debtschemes of mutual funds in a particular sector (excluding investments in BankCDs, CBLO, G-Secs, TBills, short term deposits of scheduled commercial banksand AAA rated securities issued by Public Financial Institutions and Public SectorBanks) shall not exceed 25% of the net assets of the scheme;Provided that an additional exposure to financial services sector (over and abovethe limit of 25%) not exceeding 5% of the net assets of the scheme shall beallowed only by way of increase in exposure to Housing Finance Companies(HFCs);Provided further that the additional exposure to such securities issued by HFCsare rated AA and above and these HFCs are registered with National HousingBank (NHB) and the total investment/ exposure in HFCs shall not exceed 25% ofthe net assets of the scheme.

The Scheme endeavors to protect capital by investing a portion of the portfolio

Credit Rating

Instruments

AAA* Not applicable

NCD 38% - 43% -

Government Securities - 45% - 50%

Equity and equity relatedsecurities

- 12% - 17%
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in highest rated debt securities & money market instruments and also to providecapital appreciation by investing the balance in equity and equity relatedsecurities. The allocation to equity and equity related securities would dependon interest rates prevailing at the time of deployment of funds in debt securitiesand the time horizon of each plan. It would typically be equal to the interestamount that can be earned from the debt securities for the tenure of theinvestment.

The Scheme will follow a passive investment strategy for the fixed incomecomponent of the Scheme. The Scheme will invest in fixed incomesecurities with a view to hold them till the maturity. To that effect theScheme will follow a buy and hold strategy to investment in fixed income

instruments.

Exposure to the securities rated by CARE at all times shall not exceed 20%

of the Assets under Management (AUM) of the Scheme. The restrictionshall continue to apply even in cases where the security is rated by CAREand any other Agency. However, this limit will not apply to securitiesissued by a Public Sector Undertaking (PSU). Any change due to change inthe market conditions resulting in an increase in exposure beyond thespecified limit of 20%, the exposure will be brought down within a periodof 30 days.

The yield on debt securities at the time of purchase will not be more than

100 bps as stipulated under relevant CRISIL or ICRA or FIMMDA Matrices,as applicable. However, this shall not apply for purchase of securitiesissued by Government of India and Public Sector Undertakings. Therestriction shall be applicable at the time of investment and not thereafter.Further, the expenses of subscribing the matrix from CRISIL or ICRA will beborne by the AMC.

The fixed income component of the Scheme shall be invested in

government securities or debt securities issued by corporate rated at AAAor equivalent rating.

The Scheme is oriented towards protection of capital and not with

guaranteed returns. Further, the orientation towards protection of capitaloriginates from the portfolio structure of the Scheme and not from anybank guarantee, insurance cover, etc.

The Scheme shall endeavour to ensure capital protection by investing indebt allocation not below the CARE indicative allocation at the time oflaunch. Capital protection will be provided solely through the fixed incomepart of the portfolio and the same shall be invested in securities thatmature to capital value at the end of the Scheme.

The debt component of the portfolio will always have the highest

investment rate grading (AAA rating or equivalent from a rating agency).

Whenever asset allocation is altered for defensive considerations, the AMC

shall endeavour to ensure that the capital remains protected on maturityand also that the rating of the Scheme is not adversely affected.

Fund manager may alter the asset allocation during subsequentdeployment of funds provided such deployment is generated out ofappreciation in value of existing investments. While making such assetallocations, fund manager would endeavor that capital remains protectedon maturity and ensure rating of the Scheme is not adversely impacted.

The Scheme will invest in a basket of permissible securities maturing on orbefore maturity of the Scheme. The Scheme will invest in securities with a viewto hold them till the maturity of the Scheme. To that effect the Scheme willfollow a buy and hold strategy to investment. The AMC aims to identifysecurities, which offer superior levels of yield at lower levels of risks. With theaim of controlling risks, rigorous in-depth credit evaluation of the securitiesproposed to be invested in will be carried out by the investment team of theAMC. The credit evaluation includes a study of the operating environment of thecompany, the past track record as well as the future prospects of the issuer, theshort as well as longer-term financial health of the issuer. The AMC will also beguided by the ratings of such Rating Agencies, registered with SEBI.

In addition, the investment team of the AMC will study the macro economicconditions, including the political, economic environment and factors affectingliquidity and interest rates. The AMC would use this analysis to attempt topredict the likely direction of interest rates and position the portfolioappropriately to take advantage of the same.

For the equity portion of the corpus, the AMC intends to invest in stocks, whichwill be bought, keeping in mind the time horizon of the Scheme. Stock specific

risk will be minimized by investing only in those companies that have beenthoroughly analyzed by the Fund Management team at the AMC. The AMC willalso monitor and control maximum exposure to any one stock or one sector.

The Scheme may also use various derivatives and hedging products from timeto time, as would be available and permitted by SEBI, for hedging and/orportfolio rebalancing purpose or to improve performance and manage riskefficiently. The fund may take exposure to equity market via futures or options asit allows efficient participation in equity market movements. At the start date ofthe scheme the futures or options may be bought and may be held until theirexpiry date. The expiry date would fall within the maturity date of the scheme.

The AMC aims to identify securities, which offer superior levels of yield at lowerlevels of risks so the Investment process is firmly research oriented. It comprisesof qualitative as well as quantitative measures. Qualitative factors likemanagement track record, group companies, resource-raising ability, extent ofavailability of banking lines, internal control systems, etc are evaluated inaddition to the business model and industry within which the issuer operates asregards 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 statementanalysis, balance sheet analysis.

Macroeconomic call is taken on interest rate direction by careful analysis ofvarious influencing factors like Inflation, Money supply, Private sector borrowing,Government borrowing, Currency market movement, Central Bank policy, Localfiscal and monetary policy, Global interest rate scenario and Market sentiment.Interest rate direction call is supplemented by technical analysis of market andshort term influencing factors like trader position, auction/issuance of securities,release of economic numbers, offshore market position, etc. Interest Ratedirection call and anticipation of yield curve movement forms the basis ofportfolio positioning in duration and spread terms.

Credit research is done on a regular basis for corporate having high investmentgrade rating. Credit research includes internal analysis of rating rationale, andfinancial statements (annual reports and quarterly earnings statements) of theissuer, for the last 1-3 years evaluating amongst other metrics, relevant ratios ofprofitability, capital adequacy, gearing, turnover and other inputs from externalagencies. On an ongoing basis, the credit analyst keeps track of credit profile ofthe issuer, possible credit risks reflected in change in outlook of rating agencies,external developments affecting the issuer etc. Internal credit call is a pre-requisite for all investments since the investment universe is primarily high-grade credit instruments. Credit research is also used to minimize creditmigration risk and for generating relative value trade ideas. Stable to higherrating on maturity vis--vis issuance is the guiding factor for investmentdecisions from credit point of view.

Mutual Fund Units involve investment risks including the possible loss ofprincipal. Please read the SID carefully for details on risk factors beforeinvestment. Scheme Specific Risk Factors summarised below.

The Scheme offered is oriented towards protection of capital and notwith guaranteed returns. The orientation towards protection of the capital

originates from the portfolio structure of the Scheme and not from anybank guarantee, insurance cover etc.

The ability of the portfolio to meet capital protection on maturity to the

investors can be impacted in certain circumstances by changes ingovernment policies, interest rate movements in the market, credit defaultsby bonds, expenses, reinvestment risk and risk associated with tradingvolumes, liquidity and settlement systems in equity and debt markets.Accordingly, investors may lose part or all of their investment (includingoriginal amount invested) in the Scheme. No guarantee or assurance,

express or implied, is given that investors will receive the capital protectedvalue at maturity or any other returns.

The rating provided by CARE, only assesses the degree of certainty for

achieving the objective of the Scheme i.e. capital protection and does notdenote any opinion on the stability of the NAV of the Scheme. The ratingshould, however, not be construed as an indication of expected returns,prospective performance of the mutual fund scheme, NAV or of volatility inits returns. The rating would be reviewed on a quarterly basis by CARE.

CARE reserves the right to suspend, withdraw or revise the ratingsassigned to the portfolio structure of this scheme at any time, on the basisof any new information or unavailability of information or any othercircumstances, which the Rating Agency believe may have impact on theabove rating.


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The rating, as aforesaid, however, should not be treated as arecommendation to buy, sell or hold the units issued by ICICI PrudentialMutual Fund under the Scheme. The rating is restricted to the portfoliostructure of this Scheme only. CARE does not assume any responsibility onits part, for any liability that may arise consequent to the non-compliance ofany guidelines or directives issued by SEBI or any other mutual fundregulatory body.

The rating is based on current information furnished to the Rating Agencyby the issuer or obtained by the rating Agency from sources it considersreliable. The rating Agency does not, however, guarantee the accuracy,adequacy or completeness of any information and are not responsible for

any errors or omissions or for the results obtained from the use of suchinformation.

The Asset Management Company shall not repurchase units of theScheme before end of the maturity period. However, the Scheme may belisted on one or more Stock Exchange(s) in India at the discretion of theTrustees.

Investors in the Scheme are not being offered any guaranteed / assured

returns.

The Trustees, AMC, Fund, their directors or their employees shall not beliable for any tax consequences that may arise in the event that theScheme is wound up for the reasons and in the manner provided under theScheme Information Document.

Redemption by the Unit Holder due to change in the fundamental attributesof the Scheme or due to any other reasons may entail tax consequences.

The Trustees, AMC, Fund their directors or their employees shall not beliable for any tax consequences that may arise.

Investors may note that AMC/Fund Managers investment decisions may not bealways profitable. The Scheme proposes to invest in equity and equity relatedsecurities. Trading volumes, settlement periods and transfer procedures mayrestrict the liquidity of these investments. Different segments of the Indianfinancial markets have different settlement periods and such periods may beextended significantly by unforeseen circumstances. The inability of the Schemeto make intended securities purchases due to settlement problems could causethe Scheme to miss certain investment opportunities. By the same rationale, theinability to sell securities held in the Schemes portfolio due to the absence of a

well developed and liquid secondary market for debt securities would result, attimes, in potential losses to the Scheme, in case of a subsequent decline in thevalue of securities held in the Schemes portfolio.

The Scheme is also vulnerable to movements in the prices of securities investedby the Scheme, which again could have a material bearing on the overall returnsfrom the Scheme. These stocks, at times, may be relatively less liquid ascompared to growth stocks. The liquidity of the Schemes investments is

inherently restricted by trading volumes in the securities in which it invests.

The value of the Schemes investments, may be affected generally by factors

affecting securities markets, such as price and volume volatility in the capitalmarkets, interest rates, currency exchange rates, changes in policies of theGovernment, taxation laws or any other appropriate authority policies and otherpolitical and economic developments which may have an adverse bearing onindividual securities, a specific sector or all sectors including equity and debtmarkets. Consequently, the NAV of the Units of the Scheme may fluctuate andcan go up or down.

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

The performance of the Scheme will be affected in case of unforeseencircumstances like political crisis, natural calamities, and changes in currency

exchange rates or interest rates. Fund manager tries to generate returns basedon certain past statistical trend. The performance of the Scheme may getaffected if there is a change in the said trend. There can be no assurance thatsuch historical trends will continue.

In case of abnormal circumstances it will be difficult to complete the square offtransaction due to liquidity being poor in stock futures/spot market. Howeverfund will aim at taking exposure only into liquid stocks where there will beminimal risk to square off the transaction.

As and when the Scheme trades in the derivatives market there are riskfactors and issues concerning the use of derivatives that Investors shouldunderstand. Derivative products are specialized instruments that requireinvestment techniques and risk analyses different from those associatedwith stocks and bonds. The use of a derivative requires an understandingnot only of the underlying instrument but also of the derivative itself.

Derivatives require the maintenance of adequate controls to monitor thetransactions entered into and the ability to assess the risk. There is thepossibility that a loss may be sustained by the portfolio as a result of thefailure of another party (usually referred to as the counter party) to

comply with the terms of the derivatives contract. Other risks in usingderivatives include the risk of mis pricing or improper valuation ofderivatives and the inability of derivatives to correlate perfectly withunderlying assets, rates and indices.

Derivatives products are leveraged instruments and provide

disproportionate gains as well as disproportionate losses to the investor.Execution of such strategies depends upon the ability of the fund manager

to identify such opportunities. Identification and execution of the strategiesto be pursued by the fund manager involve uncertainty and decision of thefund 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 greater than, the risks associated with investing directly insecurities and other traditional investments.

The specific risk factors arising out of a derivative strategy used by the

Fund Manager may 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 correlate perfectly with underlying assets, rates andindices.

The Scheme shall not invest in securitised debt.

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

A close ended Scheme endeavors to achieve the desired returns only at thescheduled maturity of the Scheme. Investors who wish to exit/redeem beforethe scheduled maturity date may do so through the stock exchange mode, ifthey have opted to hold Units in a demat form, by mentioning their dematdetails on the NFO application form. For the units listed on the exchange, it ispossible that the market price at which the units are traded may be at adiscount to the NAV of such Units. Hence, Unit Holders who sell their Units ina Scheme prior to maturity may not get the desired returns.

Although the securities in the portfolio will have high market liquidity, there isa possibility that market liquidity could get impacted on account ofcompany/sector/general market related events and there could be a priceimpact at maturity while liquidating the portfolio.

The investment in ADRs/GDRs/overseas securities offer new investment andportfolio diversification opportunities into multi-market and multi-currencyproducts. However, such investments also entail additional risks. Suchinvestment opportunities may be pursued by the AMC provided they areconsidered appropriate in terms of the overall investment objectives of theschemes. Since the Schemes would invest only partially in ADRs/GDRs/overseassecurities, there may not be readily available and widely accepted benchmarksto measure performance of the Schemes. To manage risks associated withforeign currency and interest rate exposure, the Fund may use derivatives forportfolio rebalancing and/or hedging or to improve performance and managerisk efficiently, and in accordance with conditions as may be stipulated bySEBI/RBI from time to time.

To the extent that the assets of the Schemes will be invested in securitiesdenominated in foreign currencies, the Indian Rupee equivalent of the net assets,distributions and income may be adversely affected by the changes in the value

of certain foreign currencies relative to the Indian Rupee. The repatriation ofcapital also may be hampered by changes in regulations concerning exchangecontrols or political circumstances as well as the application to it of the otherrestrictions on investment.Offshore investments will be made subject to any/all approvals, conditionsthereof as may be stipulated by SEBI/RBI and provided such investments do notresult in expenses to the Fund in excess of the ceiling on expenses prescribedby and consistent with costs and expenses attendant to international investing.The Fund may, where necessary, appoint other intermediaries of repute asadvisors, custodian/sub-custodians etc. for managing and administering suchinvestments. The appointment of such intermediaries shall be in accordancewith the applicable requirements of SEBI and within the permissible ceilings ofexpenses. The fees and expenses would illustratively include, besides theinvestment management fees, custody fees and costs, fees of appointedadvisors and sub-managers, transaction costs, and overseas regulatory costs.


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Investors are requested to note that the costs associated with overseasinvestments like advisory fees (other than those expenses permissible underregulation 52 of SEBI Regulations) would not be borne by the scheme.

The Fund by utilizing a holistic risk managementstrategy will endeavor to manage risks associated with investing in debt markets.The risk control process involves identifying & measuring the risk throughvarious risk measurement tools.The Fund has identified following risks of investing in debt and other securitiesand designed risk management strategies, which are embedded in theinvestment process to manage such risks.

As with all debt securities, changes ininterest rates may affect the Schemes

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 thando short-term securities. Indian debtmarkets can be volatile leading to thepossibility of price movements up ordown in fixed income securities andthereby to possible movements in theNAV.

The fund will invest in a basket ofdebt and money market securitiesmaturing on or before maturity of thefund with a view to hold them till thematurity of the fund. While theinterim NAV will fluctuate inresponse to changes in interest rates,the final NAV will be more stable. Tothat extent the interest rate risk willbe mitigated at the maturity of thescheme.

This refers to the ease with which asecurity can be sold at or near to itsvaluation yield-to-maturity (YTM).

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

Liquidity risk is today characteristicof the Indian fixed income market.The Scheme will however, endeavorto minimize liquidity risk by investingin securities having a liquid market.

Credit risk or default risk refers to the

risk that an issuer of a fixed incomesecurity may default (i.e., will be unableto make timely principal and interestpayments on the security).

Management analysis will be usedfor identifying company specific

risks. Managements past trackrecord will also be studied. In orderto assess financial risk a detailedassessment of the issuers financialstatements will be undertaken toreview its ability to undergo stresson cash flows and asset quality. Adetailed evaluation of accountingpolicies, off-balance sheetexposures, notes, auditors

comments and disclosure standardswill also be made to assess theoverall financial risk of the potentialborrower.

This risk refers to the interest rate levelsat which cash flows received from thesecurities in the Scheme are reinvested

The risk is that the rate at which interimcash flows can be reinvested may belower than that originally assumed

Reinvestment risks will be limited tothe extent of coupons received ondebt instruments, which will be avery small portion of the portfolio

value.

As and when the Scheme trades in thederivatives market there are risk factorsand issues concerning the use ofderivatives since derivative productsare specialized instruments that requireinvestment techniques and riskanalyses different from thoseassociated with stocks and bonds.There is the possibility that a loss maybe sustained by the portfolio as a resultof the failure of another party (usually

referred to as the counter party) tocomply with the terms of the derivativescontract. Other risks in using derivativesinclude the risk of mis-pricing orimproper valuation of derivatives andthe inability of derivatives to correlateperfectly with underlying assets, ratesand indices.

Interest Rate Swaps will be donewith approved counter parties underpre-approved ISDA agreements.Mark to Market of swaps, netting offof cash flow and default provisionclauses will be provided as perinternational best practice on areciprocal basis. Interest rate swapsand other derivative instruments willbe used as per local (RBI and SEBI)regulatory guidelines.

The scheme is vulnerable tomovements in the prices of securitiesinvested by the scheme, which couldhave a material bearing on the overallreturns from the scheme. The value ofthe Schemes investments, may be

affected generally by factors affectingsecurities markets, such as price andvolume, volatility in the capitalmarkets, interest rates, currencyexchange rates, changes in policies ofthe Government, taxation laws or anyother appropriate authority policiesand other political and economicdevelopments which may have anadverse bearing on individualsecurities, a specific sector or allsectors including equity and debtmarkets.

Market risk is a risk which isinherent to an equity scheme. TheScheme may use derivatives tolimit this risk.

The liquidity of the Schemes

investments is inherently restricted bytrading volumes in the securities inwhich it invests.

The Scheme will try to maintain aproper asset-liability match toensure redemption / Maturitypayments are made on time andnot affected by illiquidity of theunderlying stocks.

As and when the Scheme trades inthe derivatives market there are riskfactors and issues concerning the useof derivatives since derivativeproducts are specialized instrumentsthat require investment techniquesand risk analyses different from thoseassociated with stocks and bonds.The use of a derivative requires anunderstanding not only of theunderlying instrument but also of thederivative itself. Derivatives requirethe maintenance of adequate controlsto monitor the transactions enteredinto, the ability to assess the risk thata derivative adds to the portfolio andthe ability to forecast price or interestrate movements correctly. There isthe possibility that a loss may besustained by the portfolio as a resultof the failure of another party (usuallyreferred to as the counter party) to

comply with the terms of thederivatives contract. Other risks inusing derivatives include the risk ofmis-pricing or improper valuation ofderivatives and the inability ofderivatives to correlate perfectly withunderlying assets, rates and indices.

Derivatives will be used for thepurpose of hedging/ portfoliobalancing purposes or to improveperformance and manage riskefficiently. Derivatives will be usedin the form of Index Options, IndexFutures, Stock Options and StockFutures and other instruments asmay be permitted by SEBI. Allderivatives trade will be done onlyon the exchange with guaranteedsettlement. No OTC contracts willbe entered into.


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6

The Schemes will invest in foreignsecurities as permitted by theconcerned regulatory authorities inIndia. Since the assets will be investedin securities denominated in foreigncurrency (US$), the INR equivalent ofthe net assets, distributions andincome may be adversely affected bychanges / fluctuations in the value ofthe foreign currencies relative to the

INR.

The Schemes may employ variousmeasures (as permitted bySEBI/RBI) including but notrestricted to currency hedging(such as currency options andforward currency exchangecontracts, currency futures, writtencall options and purchased putoptions on currencies and currencyswaps), to manage foreignexchange movements arising out

of investment in foreign securities.All currency derivatives trade, ifany will be done only through thestock exchange platform.

Following Plans/Options will be available under the Scheme:

ICICI Prudential Capital Protection Oriented

Fund Series X 1375 Days Plan B Direct

Plan, and

ICICI Prudential Capital Protection OrientedFund Series X 1375 Days Plan B

Cumulative Option and Dividend Optionwith only Dividend Payout facility

Cumulative Option

Default Plan would be as follows in below mentioned scenarios:

1 Not mentioned Not mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B DirectPlan

2 Not mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B DirectPlan

ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B DirectPlan

3 Not mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375

Days Plan B

ICICI Prudential CapitalProtection OrientedFund Series X 1375

Days Plan B DirectPlan

4 Mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B DirectPlan


5 Direct Not Mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B DirectPlan

6 Direct ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B


7 Mentioned ICICI Prudential Capital

Protection OrientedFund Series X 1375Days Plan B

ICICI Prudential Capital

Protection OrientedFund Series X 1375Days Plan B

8 Mentioned Not Mentioned ICICI Prudential CapitalProtection OrientedFund Series X 1375Days Plan B

In cases of wrong/ invalid/ incomplete ARN codes mentioned on the applicationform, the application shall be processed under ICICI Prudential Capital ProtectionOriented Fund Series X 1375 Days Plan B. The AMC shall contact and obtainthe correct ARN code within 30 calendar days of the receipt of the applicationform from the investor/ distributor. In case, the correct code is not receivedwithin 30 calendar days, the AMC shall reprocess the transaction under ICICIPrudential Capital Protection Oriented Fund Series X 1375 Days Plan B -Direct Plan from the date of application without any exit load.

All Plans, Options and facility under the Scheme will have a common portfolio.ICICI Prudential Capital Protection Oriented Fund Series X 1375 Days Plan B -Direct Option is only for investors who purchase /subscribe Units in a Schemedirectly with the Fund.

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

The Trustee reserves the right to declare dividends under the Schemedepending on the net distributable surplus available under the Scheme. Itshould, however, be noted that actual distribution of dividends and the

frequency of distribution will depend, inter-alia, on the availability of distributablesurplus and will be entirely at the discretion of the Trustee.

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

The tenure of the Scheme will have duration of 1375 days from the date ofallotment. The Scheme shall be fully redeemed at the end of the maturity periodunless rolled over as per SEBI guidelines.

The Scheme will come to an end on the maturity date unless rolled over as perSEBI Regulations, from the date of allotment of the plan being launched fromtime to time. If the maturity date falls on a non business day, the immediatelyfollowing business day will be considered as the maturity date for the Scheme.On maturity of the Scheme, the outstanding Units shall be redeemed andproceeds will be paid to the Unitholder. The Trustees reserve the right tosuspend/deactivate/freeze trading, ISIN of the Scheme. With respect to closureof the Scheme at the time of maturity, trading of units on stock exchange willautomatically get suspended from the effective date mentioned in the notice.The proceeds on maturity will be payable to the persons whose names areappearing in beneficiary position details received from depositories after thesuspension/deactivation/freezing of ISIN.

Maturity proceeds would be payable to investors as per the bank detailsprovided in beneficiary position details received from depositories in case ofunits held in demat form.

NRI investors shall submit Foreign Inward Remittance Certificate (FIRC), alongwith Broker contract note of the respective broker through whom the transactionwas effected, for releasing redemption proceeds on maturity. Redemptionproceeds shall not be remitted until the aforesaid documents are submitted andthe AMC/Mutual Fund/Registrar/Scheme shall not be liable for any delay in

paying redemption proceeds.

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

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

Being a Close-ended Scheme, units of the Scheme can be purchased duringNew Fund Offer period only. The units will be issued in respect of validapplications received up to the closure of business hours of the last day of NewFund Offer Period along with a local cheque or a demand draft payable at par atthe place where the application is received.

Since the scheme isproposed to be listed, interim exits / redemptions will not be allowed in the

scheme.

Investors are requested to note that they can submit a switch in request into thisscheme only during the NFO period by switching out from any of the existingFixed Maturity Plans or any other Close Ended Scheme. The switch outtransaction will be processed based on the applicable Net Asset Value (NAV) onthe date of maturity of such Fixed Maturity Plan or any other Close endedScheme. The maturity date of such Fixed Maturity Plan or close ended schemesshould fall during the New Fund Offer period of the Scheme.

For switch-in requests received from the open ended scheme during the NewFund Offer Period (NFO) under the Scheme, the switch-out requests from suchScheme will be effected based on the applicable NAV of such Scheme, as on theday of receipt of the switch request, subject to applicable cut-off timing


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provisions. However, the switch-in requests under the Scheme will be processedon the date of the allotment of the Units.

Investors are requested to note that a facility has been enabled for submittingswitch out requests during the New Fund Offer period or at any time beforematurity of the Scheme.The switch out transaction will be processed based onthe applicable Net Asset Value (NAV) on the date of maturity.

This facility is enabled for switch in to any of the New Fund Offers or any open-ended scheme of ICICI Prudential Mutual Fund. This facility is not available forunits held in demat form.

Investors are requested to note that switch out requests once submitted shallnot be cancelled at later date.

Outstation Cheques/Demand Drafts will not be accepted.

MICR cheques will be accepted till the end of business hours up to July 05, 2016.Transfer cheques and RTGS will be accepted till the end of business hours up toJuly 05, 2016. Switch-in requests from equity schemes will be accepted up toJuly 05, 2016, till the cut off time applicable for switches. Switch-in requestsfrom non- equity schemes will be accepted up to July 05, 2016, til l the cut offtime applicable for switches.

Switch-in requests from ICICI Prudential US Bluechip Equity Fund and ICICIPrudential Global Stable Equity Fund will not be accepted.

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

No redemption/ repurchase of units shall be allowed prior to the maturity of thescheme. Investors wishing to exit may do so by selling their units through stockexchanges. The scheme shall be fully redeemed on the date of maturity andredemption proceeds shall be paid out within 10 business days, subject toavailability of all relevant documents and details.

The redemption cheque will be issued in favour of the sole/first Unitholder'sregistered name and bank account number and will be sent to the registeredaddress of the sole/first holder as indicated in the original ApplicationForm/Benpos file. The redemption cheque will be payable at par at all the placeswhere the Customer Service Centres are located. The bank charges for collectionof cheques at all other places will be borne by the Unitholder.

The performance of the Scheme will be benchmarked against CRISIL CompositeBond Fund Index (85%) and Nifty 50 Index (15%).

As and when a more representative index is available the trustees wouldpropose to change the benchmark to that index.

The Trustee may approve the distribution of dividends by the AMC out of the netsurplus of the Scheme. To the extent the net surplus is not distributed, the samewill remain invested in the Scheme and be reflected in the NAV.

Mr. Vinay Sharma Equity PortionJointly by Mr. Rahul Goswami and Ms. Chandni Gupta Debt PortionMr. Shalya Shah - ADR/GDR and other foreign securities

ICICI Prudential Trust Limited

The Scheme does not have any PerformanceTrack Record.

Not applicable. In terms of SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged by the Scheme tothe investor effective August 1, 2009. Upfront commission shall be paid directlyby the investor to the AMFI registered Distributors based on the investors

assessment of various factors including the service rendered by the distributor.Being a listed Scheme, no exit load provisions will be applicable.

Investors shall note that the brokerage on sales of the units of the Scheme onstock exchange shall be borne by the investor.

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

First Rs. 100crore

Next Rs.300 crore

Next Rs.300 crore

Over Rs. 700crore

2.25% 2.00% 1.75% 1.50%

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

At least 10% of the TER is charged towards distribution expenses/ commissionin the ICICI Prudential Capital Protection Oriented Fund Series X -1375 DaysPlan B. The TER of the ICICI Prudential Capital Protection Oriented Fund SeriesX -1375 Days Plan B - Direct Plan will be lower to the extent of theabovementioned distribution expenses/ commission (at least 10%) which ischarged in the ICICI Prudential Capital Protection Oriented Fund Series X -1375Days Plan B.

At least 2 basis points on daily net assets within the maximum limit of overallexpense Ratio shall be annually set apart for investor education and awarenessinitiatives.

Pursuant to SEBI circular no. CIR/IMD/DF/21/2012 dated September 13, 2012 andSEBI (Mutual Funds) Second Amendment Regulations, 2012, following additionalcosts or expenses may be charged to the scheme, namely:

(i) The AMC may charge service tax on investment and advisory fees to the

scheme of the Fund in addition to the maximum limit of total expenses ratio asprescribed in Regulation 52 of the Regulations, whereas service tax on otherthan investment and advisory fees, if any, shall be borne by the scheme withinthe maximum limit as per regulation 52 of the Regulations.

(ii)expenses not exceeding of 0.30 per cent of daily net assets, if the new inflowsfrom such cities as specified by the Securities and Exchange Board of India, fromtime to time 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) ofthe scheme,

whichever is higher;

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

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

Provided further that amount incurred as expense on account of inflowsfrom such cities shall be credited back to the scheme in case the saidinflows are redeemed within a period of one year from the date ofinvestment.

Further, the brokerage and transaction cost incurred for the purpose ofexecution of trade may be capitalized to the extent of 12bps and 5bps for cashmarket transactions and derivatives transactions respectively. Any paymenttowards brokerage and transaction cost, over and above the said 12 bps and5bps for cash market transactions and derivatives transactions respectively maybe charged to the scheme within the maximum limit of Total Expense Ratio asprescribed under regulation 52 of the SEBI (Mutual Funds) Regulations, 1996.Service tax on brokerage and transaction cost paid for execution of trade, if any,shall be within the limit prescribed under regulation 52 of the Regulations.

The annual scheme recurring expenses are fungible within the overall maximumlimit prescribed under SEBI (Mutual Funds) Regulations. This means that mutual

fund can charge expenses within overall limits, without any internal cap on anyexpenses head.Subject to Regulations, expenses over and above the prescribed limit shall beborne by the Asset Management Company.

Not applicable.

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

The AMC will calculate and disclose the first NAV within 5 business days fromthe date of allotment. Subsequently, the NAV will be calculated and disclosed atthe close of every business day. NAV shall be published at least in two daily


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8

newspapers having circulation all over India. NAV shall be made available at allCustomer Service Centers of the AMC. AMC shall update the NAVs on thewebsite of Association of Mutual Funds in India - AMFI (www.amfiindia.com) andAMC website (www.icicipruamc.com)by 9:00 p.m. on every Business Day.

Name and Address ofRegistrar

Name, address, telephone number, faxnumber, e-mail address of ICICIPrudential Mutual Fund

Computer Age ManagementServices Private Limited(CAMS), New No 10. Old No.

178, Opp. to Hotel PalmGrove, MGR Salai (K.H.Road)Chennai - 600 034

Mr. Yatin Suvarna- Investor RelationsOfficer.2nd Floor, Block B-2, Nirlon Knowledge

Park, Western Express Highway,Goregaon(East), Mumbai 400 063Tel No.: 022 26852000, Fax No.: 022-2686 8313e-mail [email protected]

The AMC shall disclose portfolio of the Scheme on the websitewww.icicipruamc.comalongwith ISIN on a monthly basis as on last day of eachmonth, on or before tenth day of the succeeding month.

The Fund shall before the expiry of one month from the close of each half year,that is as on March 31 and September 30, publish its scheme portfolios in oneEnglish daily newspaper having all India circulation and in a newspaperpublished in the language of the region where the Head Office of the AMC issituated in the prescribed format and update the same on AMC's website atwww.icicipruamc.comand AMFIs websitewww.amfiindia.com.

In terms of Regulations 59 and SEBI circular no. CIR/IMD/DF/21/2012 datedSeptember 13, 2012, the AMC shall within one month from the close of each halfyear, that is on 31st March and on 30th September, host a soft copy of itsunaudited financial results on their website. The half-yearly unaudited reportshall contain details as specified in Twelfth Schedule and such other details asare necessary for the purpose of providing a true and fair view of the operationsof the mutual fund. Further, the AMC shall publish an advertisement disclosingthe hosting of such financial results on their website, in atleast one English dailynewspaper having nationwide circulation and in a newspaper having widecirculation published in the language of the region where the Head Office of themutual fund is situated.

It is hereby notified that wherever the investor(s) has/have provided his/their e-mail address in the application form in any of the folio belonging to theinvestor(s), the Fund/ Asset Management Company reserves the right to useElectronic Mail (e-mail) as a default mode to send various communication fortransactions done by the investor(s).

1. The Consolidated Account Statement (CAS) for each calendar month will beissued on or before tenth day of succeeding month to the investors who haveprovided valid Permanent Account Number (PAN). Further, CAS will be sent via

email where any of the folios consolidated has an email id or to the email id ofthe first unit holder as per KYC records.

2. For folios not included in the Consolidated Account Statement (CAS), the AMCshall henceforth issue account statement to the investors on a monthly basis,pursuant to any financial transaction in such folios on or before tenth day ofsucceeding month.In case of a New Fund Offer Period (NFO), the AMC shall send confirmationspecifying the number of units allotted to the applicant by way of a physicalaccount statement or an email and/or SMS's to the investor's registered addressand/or mobile number not later than five business days from the date of closureof the NFO.3. In case of a specific request received from the unit holder, the AMC shallprovide the account statement to the investors within 5 business days from thereceipt of such request.4. In the case of joint holding in a folio, the first named Unit holder shall receivethe CAS/account statement. The holding pattern has to be same in all foliosacross Mutual Funds for CAS.Further, in case if no transaction has taken place in a folio during the period ofsix months ended September 30 and March 31, the CAS detailing the holdingsacross all Schemes of all mutual funds, shall be emailed at the registered emailaddress of the unitholders on half yearly basis, on or before tenth day ofsucceeding month, unless a specific request is made to receive the same inphysical form.In case of the units are held in dematerialized (demat) form, the statement ofholding of the beneficiary account holder will be sent by the respectiveDepository Participant periodically.

Further, CAS issued for the half-year (September/ March) shall also provide:a. The amount of actual commission paid by AMCs/Mutual Funds (MFs) to

distributors (in absolute terms) during the half-year period against the

concerned investors total investments in each MF scheme. The termcommission here refers to all direct monetary payments and otherpayments made in the form of gifts / rewards, trips, event sponsorships etc.by AMCs/MFs to distributors.

b. The schemes average Total Expense Ratio (in percentage terms) for thehalf-year period, of both plans, for each scheme where the concernedinvestor has invested in.

Such half-yearly CAS shall be issued to all MF investors, excluding thoseinvestors who do not have any holdings in MF schemes and where nocommission against their investment has been paid to distributors, during theconcerned half-year period.

The AMC reserve the right to furnish the account statement in addition to theCAS, if deemed fit in the interest of investor(s).

Investors having MF investments and holding securities in Demat account

shall receive a single Consolidated Account Statement (CAS) from theDepository.

Consolidation of account statement shall be done on the basis of

Permanent Account Number (PAN). In case of multiple holding, it shall bePAN of the first holder and pattern of holding. The CAS shall be generatedon a monthly basis.

If there is any transaction in any of the Demat accounts of the investor or inany of his mutual fund folios, depositories shall send the CAS within tendays from the month end. In case, there is no transaction in any of themutual fund folios and demat accounts then CAS with holding details shallbe sent to the investor on half yearly basis.

In case an investor has multiple accounts across two depositories, thedepository with whom the account has been opened earlier will be thedefault depository.

The dispatch of CAS by the depositories would constitute compliance by theAMC/ the Mutual Fund with the requirement under Regulation 36(4) of SEBI(Mutual Funds) Regulations.

However, the AMC reserves the right to furnish the account statement inaddition to the CAS, if deemed fit in the interest of investor(s).

Pursuant to Securities and Exchange Board of India (Mutual Funds)(Amendments) Regulations, 2011 dated August 30, 2011 read with SEBI circularNo. Cir/ IMD/ DF/16/ 2011 dated September 8, 2011, the unit holders arerequested to note that scheme wise annual report and/or abridged summary ofannual reports of the Schemes of the Fund shall be sent to the unit holders onlyby email at their email address registered with the Fund.Physical copies of the annual report or abridged summary of annual reports willbe sent to those Unit holders whose email address is not available with the Fundand/or who have specifically requested or opted for the same.
http://www.amfiindia.com/http://www.icicipruamc.com/mailto:[email protected]:[email protected]://www.icicipruamc.com/http://www.icicipruamc.com/http://www.icicipruamc.com/http://www.icicipruamc.com/http://www.amfiindia.com/http://www.amfiindia.com/http://www.amfiindia.com/http://www.amfiindia.com/http://www.icicipruamc.com/http://www.icicipruamc.com/mailto:[email protected]://www.icicipruamc.com/http://www.amfiindia.com/


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9

The unit holders are requested to update/ provide their email address to theFund for updating the database.Physical copy of the scheme wise annual report or abridged summary will beavailable to the unit holders at the registered office of the Fund/AMC. A separatelink to scheme annual report or abridged summary is available on the website ofthe Fund.As per regulation 56(3) of the Regulations, copy of Schemewise Annual Reportshall be also made available to unitholder on payment of nominal fees. Furtheras per Securities and Exchange Board of India (Mutual Funds) (ThirdAmendment) Regulations, 2008Notification dated September 29, 2008 & SEBI Circular No. SEBI/IMD/CIR No.10/141712/ 08 October 20, 2008, the schemewise Annual Report of a mutual fund

or an abridged summary shall be mailed to all unitholders as soon as may bepossible but not later than four months from the date of closure of the relevantaccounts year.

Pursuant to SEBI circular dated September 13, 2012 and SEBI circular dated May22, 2014, it is permitted to accept cash transactions to the extent of Rs. 50,000/-subject to compliance with Prevention of Money Laundering Act, 2002 and Rulesframed there under and the SEBI Circular(s) on Anti Money Laundering (AML)and other applicable AML rules, regulations and guidelines. Provided that thelimit shall be applicable per investor for investments done in a financial yearacross all schemes of the Mutual Fund, subject to sufficient systems andprocedures in place for such acceptance. However any form of repayment eitherby way of redemption, dividend, etc. with respect to such cash investment shallbe paid only through banking channel.

The Asset Management Company is in process of implementing adequate

systems and controls to accept Cash Investment in the Scheme. Information inthis regard will be provided to Investors as and when the facility is madeavailable.

The unit holder/ investor can register multiple bank account details under itsexisting folio by submitting separate form available on the website of the AMC atwww.icicipruamc.com. Individuals/HuF can register upto 5 different bankaccounts for a folio, whereas non-individuals can register upto 10 different bankaccounts for a folio.

Note: The Scheme under this document was approved by the Directors of ICICIPrudential Trust Limited vide resolution passed by circulation dated December30, 2015.

For and on behalf of the Board of Directors of

Place : MumbaiDate : June 09, 2016
http://www.icicipruamc.com/http://www.icicipruamc.com/


10/24- 10 -

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11/24- 11 -

MANDATORY

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

Name of Bank

AccountNumber Account Type

NRONRE CurrentSavings FCNR

Branch Name

9 Digit MICRcode

11 Digit IFSCCode

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 bankaccount.) For unit 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 thisis 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 investorother than 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 - Series

X - 1375 Days Plan B and crossed Account Payee Only . The cheque/demand draft should be payable at thecentre where the application i s 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 securitiesand money 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 X - 1375 Days Plan BNew Fund Offer Opens on June 21, 2016

New Fund Offer Closes on July 05, 2016

4 YOUR INVESTMENT DETAILS UNDER ICICI PRUDENTIAL CAPITAL PROTECTION ORIENTED FUND - SERIES X - 1375 DAYS PLAN B

ii i l ill l l i

Low

Moder

ately

Low

ModeratelyHigh

High

Low High

Moderate

Investors understand thattheir principal will be atmoderately low risk

Cumulative option

Dividend Payout option

ICICI Prudential Capital Protection Oriented Fund - Series X - 1375 Days Plan B

ICICI Prudential Capital Protection Oriented Fund - Series X - 1375 Days Plan B - DIRECT

PLAN

[Please tick ()]:

OPTION

[Please tick ()]:


12/24- 12 -


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 investor failsto 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 OrientedFund - Series X - 1375 Days Plan B

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) __________________________________________________

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

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

The application form should mandatorilyaccompany the latest Client investor mas-ter/ Demat account statement.

NSDL

Depository Participant (DP) ID (CDSL only)

Depository Participant (DP) ID (NSDL only) Beneficiary Account Number (NSDL only)

CDSL

OR

(Please )

8 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

SecondApplicant

ThirdApplicant

The below information is required for all applicants/guardian

Annexure Iand Annexure IIare available on the website of AMC viz; www.icicipruamc.com or at the Investor Service Centres (ISCs) of ICICI Prudential Mutual Fund.

Non-Individual investors should mandatorily fill separate FATCA Form (Annexure II)

Country of Tax Residency 1

Tax Payer Reference ID No. 1

Country of Tax Residency 2

Tax Payer Reference ID No. 2

Category First Applicant / Guardian Second Applicant Third Applicant

7 FATCA and CRS Details for Individuals (Including Sole Proprietor)(Mandatory)

Place/City of Birth

Country of Birth

Country of Citizenship / Nationality

Category First Applicant / Guardian Second Applicant Third Applicant

s your Tax Residency / Country of Birth / Citizenship / Nationality other than India? Yes No [Please tick ()]

f yes, please indicate all countries in which you are resident for tax purpose and the associated Tax ID number below. In case of POA, the POA holder should mandatorilly fill Annexure I for complete details.


13/24- 13 -

ACKNOWLEDGEMENT

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 ofthe first 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

10 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 andagree to 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 maybe applicable from 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 norbeen induced by 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 purposeof contravention or 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 isequal to or more than 25% 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/Wehereby 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 exceedingRs.50,000 in a year. The ARN holder 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 MutualFunds from amongst which the Scheme is 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, pleasecall 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 andTransfer Agent (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 ApplicantBelow 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

9 NOMINATION DETAILS (Refer instruction IV)

/We hereby nominate the undermentioned nominee(s) to receive the amount to my/our credit in event of my/our death as follows:

Name and address of Nominee(s)Date of Birth Name and address of Guardian

[To be furnished in case the Nominee is a minor (Mandatory)]

Signature of Nominee/Guardian,if nominee is a minor

Proportion (%) inwhich the units willbe shared by eachNominee (Should

aggregate to 100%)

Nominee 1

Nominee 2

Nominee 3

Relationshipwith theNominee(Please tick if Nominees address is

same as 1st/Sole Applicants address)

ICICI Prudential Capital Protection Oriented Fund - Series X - 1375 Days Plan BACKNOWLEDGEMENT SLIP(Please Retain this Slip) Application No.

To be filled in by the Investor. Subject to realization of chequeand furnishing of Mandatory Information.

Investors Name: ______________________________________________________________________________________ EXISTING FOLIO NO.

Amt. Rs.________________________ Cheque/DD No. __________________ dtd:__________________ Bank & Branch________________________________________________________________________________

Cumulative option

Dividend Payout option

PLAN

[Please tick ()]:

OPTION

[Please tick ()]:

ICICI Prudential Capital Protection Oriented Fund - Series X - 1375 Days Plan B

ICICI Prudential Capital Protection Oriented Fund - Series X - 1375 Days Plan B - DIRECT


14/24- 14 -

INSTRUCTIONS TO INVESTORS

I. GENERAL INSTRUCTIONS

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

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 besubmitted to 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 and returnthe 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 the AMC) of the application forms/transaction slips, the AMC reserves the right to reject theapplication forms/transaction slips, in case the investor(s) has/have not countersigned in everyplace where such 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 worthare mandatory for Non Individual applicants and optional for Individual applicants in lieu of grossannual income. While providing details of net worth, the same should be of a date which is withinone year of the application.

h) Applications are liable to be rejected without any intimation to the applicants, if requirementunder KYC details are not complied with/filled by all the applicants, KYC acknowledgement isnot enclosed or 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 ofthe minor should be the same guardian as mentioned in the folio/application (Parent/ CourtAppointed). This will ensure seamless payment of redemption/dividend amount to the minorsaccount.

In case of a minor, it is mandatory to submit photocopy of any one of the following towardsproof of 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 wil l 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, BodyCorporate, Registered Society, Trust or Partnership etc., the relevant Power of Attorney or the

relevant resolution or authority to make the application as the case may be, or duly certifiedcopy thereof, along with the Memorandum and Articles of Association / bye-laws must belodged along with the 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 positionto

kim-capro series x-1375 days plan-b

Documents