Hello, this is just a friendly reminder to check the updated #Factsheet and get to Know Your Investments better. Stay up to date with your KYI.

1. 1

2. 2
• United States (US) real gross domestic product (GDP) grew 6.4% on-year in the first quarter of 2021, unchanged from the previous estimate released last
month,andhigherthanthe4.3%growthseeninthelastquarterof2020
• EurozoneGDPfell1.8%on-yearinthefirstquarterof2021,butslowerthanthe4.9%decreaseseeninthefourthquarterof2020
• United Kingdom (UK) GDP shrank 1.5% in the first quarter of 2021 compared with the 1.3% growth in the fourth quarter of 2020. The economy expanded 2.1%
on-monthinMarch2021
• Japan'sGDPcontracted5.1%on-yearinthefirstquarterof2021comparedwiththe11.7%growthinthefourthquarterof2020
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Growth trends of developed economies Growth projections for 2021
Source:Financialwebsites,IMFandOECD
Global Economic Growth
Global Central Bank Highlights
• According to the minutes from the April policy meeting session, the US Federal Reserve (Fed) officials said a strong pickup in economic activity would
warrant discussions about tightening monetary policy. The central bank is stated to meet June to discuss the future course of the lose money policy after
factoringinimprovedeconomicdata
• At its Monetary Policy Committee (MPC) meeting, The Bank of England (BoE) decided to reduce the weekly pace of bond purchases to £3.4 billion from £4.4
billion and left key interest rates unchanged at 0.10%. The central bank also upgraded forecasts, and expects the UK economy to grow 7.25% in 2021. It had
previouslypredictedgrowthof5%
• ThePeople'sBankofChinakepttheone-yearloanprimerate(LPR)unchangedat3.85%andthefive-yearLPRat4.65%
• TheEuropeanCentralBank(ECB)andtheBankofJapan(BoJ)didnothaveamonetarypolicymeetinginMay2021
Source:Financialwebsites
Source:Financialwebsites,Note:^Eurozoneinterestratesare0%,*DataasofMay2021
-34.0%
-24.0%
-14.0%
-4.0%
6.0%
16.0%
26.0%
36.0%
US Eurozone UK Japan
Annual
Growth
Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021
6.4
4.4
5.3
3.3
6.9
4.3
7.2
2.6
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
US Euro zone UK Japan
Growth
forecast
(%)
IMF World Economic Outlook, April 2021 OCED Economic outlook, May 2021
1.8%
0.3% 0.3%
0.8%
0.1% 0.1%
-0.1% -0.1% -0.1%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2019 2020 2021*
Policy
interest
rate
%
US UK Japan Eurozone^

3. 3
• UStreasurypricesendedhigher,withtheyieldofthe10-yearbondsettlingat1.59%asonMay28comparedwith1.63%onApril30
• Some discouraging US economic indicators, such as manufacturing and non-farm payrolls, increased the demand for US Treasuries - the US Institute of
Supply Management (ISM) manufacturing index slid to 60.7 in April after rising to a more than 37-year high of 64.7 in March. US non-farm payrolls increased
byonly266,000jobsinAprilafterrisingby770,000inMarch
• USretailsaleswereunchangedinAprilafterrising10.7%inMarch,anupwardrevisionfromthepreviouslyreported9.7%increase
• Treasury prices were put under pressure as the surge in US consumer and producer prices raised fears of possible monetary tightening by the US Fed.
Consumerpriceindex(CPI)rose4.2%on-yearinApril,thebiggeston-yearincreasesince2008,whileproducerpriceindex(PPI)rose6.2%on-yearinApril
• The release of the minutes from the US Fed's latest policy meeting, in which the central bank hinted at reconsidering its easy policies if the economy
continuedtorapidlyimprove,alsodentedsentimentfortreasuries
• HeightenedsupplyconcernsafterUSPresidentJoeBidenannounceda$6trillionbudgetfor2022furtherpulledtreasurypricesdown
• Towards the end of May, treasury prices found support after the US Fed officials played down concerns surrounding rising inflation and monetary policy
tightening
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Source:Financialwebsites
Global Bond Yields
India Growth
Growth trend Growth projections for this fiscal
Source:Mospi.nic.in,IMF
7 7.7 8.2 7.1 6.6 5.8 5.4 4.6
3.3 3.0
-24.4
-7.4
0.5 1.6
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
Q3:
FY
2017-18
Q4:
FY
2017-18
Q1:
FY
2018-19
Q2:
FY
2018-19
Q3:
FY
2018-19
Q4:
FY
2018-19
Q1:
FY
2019-20
Q2:
FY
2019-20
Q3:
FY
2019-20
Q4:
FY
2019-20
Q1:
FY
2020-21
Q2:
FY
2020-21
Q3:
FY
2020-21
Q4:
FY
2020-21
Quarterly
GDP
-
Annualized
(%)
12.5
9.9
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
IMF World Economic Outlook,
April 2021 update
OECD Economic Outlook, Interim
Report May 2021 update
-1
0
1
2
3
31-May-19
31-Jul-19
30-Sep-19
30-Nov-19
31-Jan-20
31-Mar-20
31-May-20
31-Jul-20
30-Sep-20
30-Nov-20
31-Jan-21
31-Mar-21
31-May-21
Yield
%
US 10-Year G-sec Yield UK 10-Year G-sec Yield Germany 10-Year G-sec Yield Japan 10-Year G-sec Yield

4. 4
• India's GDP continues to grow marginally for the second straight quarter to 1.6% in the March quarter (fourth quarter of fiscal 2021) compared with a growth
of0.5%intheDecemberquarter(thirdquarter)
• Ingrossvalue-added(GVA)terms,theIndianeconomygrew3.7%inthefourthquartercomparedwithagrowthof1%inthethirdquarter
• Theagriculturesectorgrew3.1%inthefourthquartercomparedwith4.5%inthethirdquarter
• Manufacturing grew 6.9% in the fourth quarter, against a 1.7% growth in the preceding quarter. Mining contracted 5.7% in the fourth quarter compared with a
declineof4.4%inthethirdquarter
• The construction sector grew 14.5% in the fourth quarter compared with the 6.5% growth in the third quarter. Electricity and other public utilities grew 9.1% in
thefourthquarteragainst7.3%growthinthethirdquarter
• According to CRISIL, India's real GDP in the current fiscal forecast of 11.0% faces downside risks due to Covid 19 second wave and resultant localised
lockdowns
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Other Major Indicators
CPI eased to 4.29% in April 2021, the lowest in three
months, compared with 5.52% in March 2021 due to the
fall in food prices
Index of industrial production (IIP) grew 22.4% in March 2021
compared with a decline of 18.7% in the same month a year ago
due to the low base effect
Core sector growth accelerated sharply to 56.1% on-year in April
following an 11.4% growth in March, mainly due to the low base
effect
Nikkei manufacturing Purchasing Managers' Index (PMI) for
April came in at 55.5 compared with 55.4 in March. The services
PMI fell to 54 in April from 54.6 in March
Source:MOSPI,IHSMarkit
4.29
-3.0
-2.0
-1.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
Oct-18
Jan-19
Apr-19
Jul-19
Oct-19
Jan-20
Apr-20
Jul-20
Oct-20
Jan-21
Apr-21
Real
Interest
rate
(%)
CPI
&
10
year
G
sec
yield
%
Real interest rate (RHS) CPI Inflation (LHS)
10-year G-sec yield (LHS)
-37.40
-22.00
-12.90
-8.00-7.30
-0.10-2.50-2.60
-1.30
0.90
-3.80
11.40
56.10
-60.00
-45.00
-30.00
-15.00
0.00
15.00
30.00
45.00
60.00
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Core
sector
growth
(%)
27.4
30.8
47.2
46
52
56.8
58.9
56.3
56.4
57.7
57.5
55.4
55.5
5.4
12.6
33.7
34.2
41.8
49.8
54.1
53.7
52.3
52.8
55.3
54.6
54
-10
0
10
20
30
40
50
60
70
Apr-20
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
Purchasing Managers' Index (PMI)
Manufacturing PMI Services PMI
22.4
-70.00
-60.00
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
Mar-19
May-19
Jul-19
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
Y-o-Y
growth
(%)

5. 5
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Indicators Apr-21 Mar-21 Feb-21 Jan-21 Dec-20 Nov-20
Source:TheReserveBankofIndia(RBI),OfficeoftheEconomicAdvisor,DirectorateGeneralofCivilAviation(DGCA),CRISILResearch,Financialwebsites
Boxesshadedgreendenotethebestvalue,whilered-shadedboxesindicatetheworstvaluefortheindicator
Economic indicators heat map
Industrial Sector
Consumer Economy
Ease of Living
Inflation
Deficit Statistic
GST
Manufacturing PMI 55.5 55.4 57.5 57.7 56.4 56.3
Infra - Core 56.1% 11.4% -3.8% 0.9% 0.2% -1.1%
Rail Freight Traffic (Loading in million tonnes) 111.5 130.4 112.3 119.5 111.6 109.9
Rail Passenger Traffic (in million) NA NA 288.1 239.1 189.6 121.5
Passenger Vehicle Sales in thousands 261.6 290.9 281.4 276.6 276.1 288.0
Two Wheeler Sales in thousands 953.3 1443.3 1426.9 1429.9 1127.9 1600.4
Tractor Sales in thousands 63.4 85.1 75.6 78.3 61.2 82.3
Domestic Air Passenger Traffic in thousands 5725.0 7822.0 7827.0 7734.0 7327.0 6354.0
Rural Wages (in Rs) NA NA NA NA NA 307.5
Consumer Confidence Index NA 53.1 NA 55.5 NA 52.3
CPI inflation, % y/y 4.3% 5.5% 5.0% 4.1% 4.6% 6.9%
WPI inflation, % y/y 10.5% 7.4% 4.8% 2.0% 1.2% 1.6%
Trade Balance, USD billion -15.1 -13.9 -12.6 -14.5 -15.4 -9.9
Fiscal Deficit (Rs Billion) - 18215.0 14050.0 12340.0 11584.7 10755.1
GST collections (Rs Billion) 1413.8 1239.0 1131.4 1198.5 1151.7 1049.6

6. 6
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Dates Events
Source:Financialwebsites
June 1, 2021
June 3, 2021
June 4, 2021
Key economic events in June
India Nikkei Manufacturing PMI, May
India Nikkei Services PMI, May
RBI Interest Rate Decision
Japan GDP, Q1 2021
Eurozone GDP, Q1 2021
China Consumer Prices, May
US Consumer Prices, May
UK GDP, Feb-Apr 2021
India Industrial Production, April
India Consumer Prices, May
India Wholesale Prices, May
UK Consumer Prices, May
Eurozone Consumer Prices, May
Japan Consumer Prices, May
China Loan Prime Rate 1Y / 5Y
UK BoE Interest Rate Decision
US GDP, Q1 2021
Indian Core Sector Growth, May
India fiscal deficit, Apr - May 2021
June 8, 2021
June 9, 2021
June 10, 2021
June 14, 2021
June 16, 2021
June 17, 2021
June 18, 2021
June 21, 2021
June 24, 2021
June 11, 2021
June 30, 2021

7. 7
MARKET
REVIEW
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
India Equity Market Performance
Index performance Institutional flows
Source:NSE,BSE,SEBI,NSDL.*DatatillMay24,2021
• Indian benchmark indices S&P BSE Sensex and Nifty 50 surged 6.5% each in May 2021 - their biggest May month gain since 2014 led by a steady decline in
dailyCovid-19casesdomesticallyandstrongglobalcues
• The release of upbeat domestic economic data, including a 22.4% growth in the March 2021 Index of Industrial Production (IIP) and ease in the March 2021
retailandwholesaleinflation,alsosupportedsentiments
• In May, the RBI injected Rs 500 billion as emergency liquidity support to boost health infrastructure and additional loan restructuring schemes, which was
encouragingforinvestors.TheRBIalsosaidthatitwilltransfersurplusofRs991.22billiontothegovernment.
• Persistent buying by the domestic institutional investors also supported the market. DIIs bought equities worth Rs 20.7 billion in May 2021 compared to Rs
110.8billioninApril2021.MutualfundsboughtequitiesworthRs2.0billionasofMay24,2021comparedtoRs55.3billioninApril2021.
• Markets were also supported by tracking similar gains in global markets after factoring in strong US labour data, indicating an uptick in employment and
economic activity, and as the US GDP rose 6.4% in the first quarter of 2021, unchanged from the previous estimate, and higher than the 4.3% growth seen in
thelastquarterof2020
• However, further rise in the market was capped as investors remained cautious ahead of the US Fed monetary policy meeting June. Improving US economic
indicatorsraisedworriesamonginvestorsthatthepolicymakersmaytaperthebondbuyingprogrammeearlierthanexpected
Continued selling by the foreign institutional investors (FIIs) also impacted the benchmarks. FIIs sold equities worth Rs 29.5 billion in May 2021 compared
withnetsellingofRs96.59billioninApril2021.
6%
7%
9%
8%
11%
3%
5%
4%
5%
6%
7%
10%
13%
9%
9%
4%
60%
63%
67%
82%
82%
76%
20%
57%
96%
177%
84%
39%
69%
90%
117%
70%
0% 50% 100% 150% 200%
S&P BSE Sensex
Nifty 50
S&P BSE Auto
S&P BSE Bankex
S&P BSE Capital goods
S&P BSE Consumer durables
S&P BSE FMCG
S&P BSE Healthcare
S&P BSE IT
S&P BSE Metal
S&P BSE MidCap
S&P BSE Oil & Gas
S&P BSE PSU
S&P BSE Realty
S&P BSE SmallCap
S&P BSE Teck
1 year returns % 1 month returns %
-600
-400
-200
0
200
400
600
800
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Net
flows
in
Rs
billion
FIIs, DIIs and MFs flows
FII - Equity Investment DII- Equity Investment
MF Flows - Equity Investment*

8. 8
Major global indices continued their upward trend for the 2nd consecutive month except for few Asian countries. Positive performance sustained as major developed economies are well
past their COVID-19 peaks, targeted and on-going vaccination drives have been implemented successfully as a result of which there is a decent pick-up in demand and subsequently
inflation.IndianEquityMarkets(Nifty50Index)surged6.5%duringthemonthduetodeclineinCOVID-19cases,easeoflockdownlikerestrictionsinsomestatesandgoodearningsseason.
However,marketsmayremainvigilantandtakefurthercuesfromtheoutcomeofupcomingJuneFederalOpenMarketCommitteei.e.FOMCmeeting.(Source:CRISIL)
Globally, Developed Market (DM)rallywas led by Europewitha significant rise indemand especially pent-up householddemand post COVID second wave. Large USfiscal support too,have
helped DM. China performed well despite weak economic activities as Chinese Yuan (CNY) appreciated against the US Dollar and the Hang Seng Index saw some adjustments during the
month to better reflect market dynamics. This was seen as a positive. Asian countries like Taiwan, Singapore, and Indonesia underperformed due to COVID resurgence and slow vaccine
roll-out.(Source:CRISIL)
Indian Markets did well as investors rejoiced moderation in COVID-19 cases, good earnings season and lifting up of restrictions in some states. Continued liquidity support by Global Central
Banks, firm global markets and demand also aided positive sentiments. Domestic Institutional Investors (DIIs) were more active than the Foreign Portfolio Investors (FPIs). The RBI
announced several liquidity measures to help banks support healthcare, infrastructure and small borrowers impacted by 2nd COVID wave. The key triggers for Indian markets going forward
can be 1) any policy measures, 2) the pace and quality of vaccination drives, 3) further lockdowns in certain parts restricting mobility and economic activities and 4) pace of implementation
ofGovt.reformsmeasuresmentionedinthebudgettoreviveeconomy.
On the macro front, India released its 4QFY21 & FY21 GDP data which came in at 1.6% and -7.3% respectively much better than estimated. The April Composite PMI (Purchasing Manager's
Index) data held steady above the 50 mark at 55.4. April CPI inflation declined to 4.3% from 5.5% in March. March IIP rose 22.4% in March on account of favorable base effects compared to
lastyear.(Source:CRISIL)
Insectoraltrends,Power,CapitalGoods,etc.werekeycontributors,whileTelecomwasakeylaggard.(Source:NSE)
We believe, economic recovery though delayed continues to remain on track as the domestically, Govt. and RBI are taking active measures to spur growth through structural reforms and
globally, economies continue to support Growth with various fiscal & monetary stimulus measures. With developed economies reporting strong set of activity numbers, demand recovery
is expected which may benefit Indian exports. The current macro-economic scenario is much more conducive for a Business Cycle Recovery as we are at nascent stage of economic cycle
and sentiments too are not euphoric. We continue to remain positive on sectors which are closely linked to the economy like Banks, Capital Goods, Infrastructure, Metals & Mining, etc. We
believeIndianmarketsmayrecoveranddowelluntilthefollowingtriggersplayout-USacknowledginginflation&inconclusionpausingstimulusandUSTreasuryYieldsreaching2%.
Hence, this phase may require investment portfolios to be highly nimble while giving due importance to overall asset allocation. Therefore, we recommend adapting the 'ABCD' investment
framework with an aim to benefit from fast changing macros and to manage volatility. Asset Allocation schemes: A - ICICI Prudential Asset Allocation Strategies (ICICI Prudential Asset
Allocator Fund (FOF) & Multi Asset Strategies (ICICI Prudential Multi-Asset Fund), B - ICICI Prudential Balanced Advantage Fund, C - ICICI Prudential Business Cycle Fund, D - Strategies
which are available at Discount to broader markets - ICICI Prudential Focused Equity Fund, ICICI Prudential Value Discovery Fund, ICICI Prudential India Opportunities Fund, ICICI Prudential
DividendYieldEquityFundandICICIPrudentialInfrastructureFund.Investingintheseschemesoverlongtermmayprovideathrusttoyourwealthcreationjourney.
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
EQUITY
MARKET
OUTLOOK
MARKET
OUTLOOK
Equity Market Outlook
Our Recommendation
Allocationbetween Equity,Debt&Other AssetClasses ICICIPrudentialBalancedAdvantageFund
ICICIPrudentialMulti-AssetFund
ICICIPrudentialAssetAllocatorFund(FOF)
Our Recommendations
Long-TermSIP SchemeswithFreedomSIP* ICICIPrudentialValueDiscoveryFund
ICICIPrudentialSmallcapFund
ICICIPrudentialMidcapFund
ICICIPrudentialFocusedEquityFund
Core-LongTermInvestment ICICIPrudentialBluechipFund
ICICIPrudentialFocusedEquityFund
ICICIPrudentialBusinessCycleFund
GlobalDiversification ICICIPrudentialGlobalAdvantageFund(FOF)
Equity Valuation Index
Equity Valuation Index
EquityvaluationindexiscalculatedbyassigningequalweightstoPricetoEarnings(PE),Pricetobook(PB),G-Sec*PEandMarketCaptoGrossDomesticProduct(GDP)
50
70
90
110
130
150
170
May-05
May-06
May-07
May-08
May-09
May-10
May-11
May-12
May-13
May-14
May-15
May-16
May-17
May-18
May-19
May-20
May-21
Aggressively invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
123.3
Invest in Equities

9. 9
MARKET
REVIEW
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
India Debt Market Performance
Debt market indicators Corporate bond yields
DataSource–RBI,Mospi.Nic.in,CRISILFixedIncomeDatabase,
CP - Commercial Paper, CD – Certificate of Deposit, CB – Corporate Bond, *Weighted
AverageYield
Money market
Tenure CD Change CP Change
1M 3.34 9 3.58 18
3M 3.42 8 3.65 10
6M 3.65 9 3.98 3
12M 4.03 -2 4.50 0
Bond market
Tenure G-Sec* Change AAACB Change
1Y 3.77 -5 4.25 7
3Y 4.70 -7 5.27 17
5Y 5.59 17 5.90 0
10Y 6.01 -3 6.83 3
G-secandcorporatebondsdataasofMay31
*WeightedaverageyieldsforG-secdata
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 5.09% GS 2022; 3 year G-Sec: 7.32%
GS2024;5yearG-Sec:5.63%GS2026;10yearG-Sec:5.85%GS2030
Liquidity in the banking system
Source:RBI
• InterbankcallmoneyratesremainedbelowtheRBI'sreporateof4%inMayastheoverallsystemicliquidityremainedinsurplus
• Consideringtheliquidityconditions,theRBIconducteda14-dayvariableratereverserepoauctionforanotifiedRs2trilliononMay7
• Giltsendedslightlyhigherwiththeyieldofthe10-yearbenchmark5.85%2030papersettlingat6.02%onMay31,2021,comparedwith6.03%onApril30
• PricesroseearlierasmarketplayersexpectedthecentralbanktosupportthebondmarketinthewakeofthesecondwaveoftheCovid-19pandemic
• TheRBIannouncedahigher-than-expectedquantumofdebtpurchasesofRs350billionunderthesecondlegofgovernmentsecuritiesacquisitionprogramme(G-SAP)
• However,furthergainswerecappedasmarketplayerstrimmedpositionsaheadofsomeoftheweeklydebtsales
• Thepartialdevolvementofthe10-yearbenchmarkonprimarydealershipsinthegiltauctionwasconductedonMay28,resultinginsomeyieldhardening
• Sentimentwasalsodentedbythecentralgovernment'sannouncementregardingadditionalborrowingofRs1.58trilliononbehalfofstatestobridgetheshortfallincompensation
Tenure 6M 1Y 2Y 3Y 5Y 7Y 10Y
AAA 0.33 0.59 0.37 0.50 0.24 0.54 0.73
AA+ 1.63 1.89 1.67 1.80 2.14 2.45 2.64
AA 3.00 3.26 3.03 3.17 3.51 3.82 4.01
AA- 3.66 3.91 3.69 3.83 4.17 4.47 4.66
A+ 4.47 4.73 4.50 4.64 5.03 5.33 5.52
A 5.00 5.25 5.03 5.16 5.56 5.86 6.05
A- 5.30 5.56 5.34 5.47 5.87 6.17 6.36

10. 10
Giltspricesendedslightlyhigherwiththeyieldonthe10-yearbenchmark5.85%2030papersettlingat6.02%onMay31,2021,comparedwith6.03%onApril30.(Source:CRISIL)
The decline in the benchmark bond yields despite the underlying inflationary pressures and huge supply of government securities can primarily be attributed to the RBI's announcement in early
April to purchase sizeable quantities of government securities from the secondary market under the G-sec acquisition or G-SAP 1.0 program in conjunction with the regular open market operation,
tolimittheriseinbondyields.
In the wake of the pandemic the RBI Governor, in an unscheduled announcement enumerated a number of liquidity boosting measures including special liquidity facility to the emergency health
services, small finance banks for on-lending, relaxation of OD (Overdraft) facility for state governments, resolution framework 2.0 and additional relaxation on the KYC norms. The Governor added
thattheRBIwillcontinuemonitoringtheemergingsituationanddeploythenecessaryresourcestomitigatetheimpactofthesecondwave.(Source:RBI)
The RBI also undertook the second auction under the GSAP 1.0 program of Rs 35,000 crs on May 20, 2021 after the strong- response witnessed in the first auction of Rs 25,000 crs undertaken in
April 2021. The RBI has been aiming to keep yields in check as that reduces borrowing costs for the government while preventing any upward movement in yields at the longer end of the curve.
RBI'sguidancemayfosteranorderlynormalizationandsmoothertransitionbetweentheshorterandlongerendoftheyieldcurve,albeititmaybringalongbondmarketvolatility.(Source:RBI)
Going forward, RBI may have to do a fine balancing act. On one hand, there is a possibility of further downside risk to the growth recovery due to second wave, which in normal conditions would
have warranted for easing of monetary condition and on the other hand RBI would need to keep an eye on upside risk to inflation due to: 1. Reflationary global environment with US-Dollar weakness
2. Commodity prices getting heated up 3. Monetary policy is already expansionary with 115 bps rate cut in last CY-2020 and ample system liquidity. And these reasons in normal conditions would
havewarrantedfornormalizationofexpansionarypolicymeasures.(Source:RBI)
So, currently the fixed income market has to navigate between growth getting interrupted due to second wave and upside risk to inflation due to commodities heating-up and various monetary and
fiscal stimulus measures announced globally and domestically. Hence, we believe the above evolving conditions points towards a more nimble and active duration management strategy which
may help in navigating higher interest rate sensitive period. Also, as communicated earlier, we believe that we are at the fag-end of interest rate cycle and the above mentioned strategy would
provide better accrual (active strategy which may take advantage of higher term premium) and would help in mitigating mark-to-market impact (active strategy of having adequate short duration
instruments).Itmaybeanopportunetimetoinvestinfloatingratebondinthisinterestratescenariowithexpectedvolatility.
In our Outlook 2021*, we have highlighted that the capital gains strategy has played out meaningfully and going forward return expectations need to be rationalized. RBI is expected to continue
gradualnormalizationofliquiditymanagementoperationsasthegrowth&economicactivitypicks-up.
In the coming years, we recommend following strategies: Accrual Strategy and Active Duration strategy. Accrual strategy due to high spread premium which is still prevalent between the spread
assets and AAA & MMI instruments, as going forward capital appreciation strategy may take a back seat due to limited rate cuts. Term premiums (spread between longer and shorter end of the
yield curve) remains one of the highest seen historically, because of which active duration strategy is recommended to benefit from the high term premium. In our portfolios, we may follow barbell
strategy i.e having high exposure to extreme short-end instruments with an aim to protect the portfolio from interest rate movements and high exposure to long-end instruments with an aim to
benefitfromhighercarry.
OMO-OpenMarketOperations;MMI-MoneyMarketinstruments,
* )
https://www.icicipruamc.com/docs/default-source/default-document-library/icici-prudential-outlook-2021---investor-ppt.pdf?sfvrsn=f9a51a98_2
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
Fixed
Income
Outlook
MARKET
OUTLOOK
Fixed Income Outlook
Approach
Arbitrage ICICIPrudentialEquityArbitrageFund Investwith3Months&abovehorizon
Fixed Income Recommendations
Scheme Name Call to Action Rationale
Spreadsatreasonablelevels
ShortDuration ICICIPrudentialSavingsFund
ICICIPrudentialUltraShortTermFund
ICICIPrudentialFloatingInterestFund
Investforparkingsurplusfunds Accrual+ModerateVolatility
AccrualSchemes ICICIPrudentialCreditRiskFund
ICICIPrudentialMediumTermBondFund
CorePortfoliowith>1Yrinvestmenthorizon BetterAccrual
DynamicDuration ICICIPrudentialAllSeasonsBondFund LongTermApproachwith>3Yrsinvestmenthorizon ActiveDurationandBetterAccrual
Debt Valuation Index
Debt Valuation Index for duration risk management
None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the investors are requested to consult their financial advisors before
investing.
Note: The Macaulay duration is the weighted average term to maturity of the cash flows from a bond. The weight of each cash flow is determined by dividing the present value of
thecashflowbytheprice.
Data as on May 31, 2021. Debt Valuation Index considers WPI, CPI, Sensex returns, Gold returns and Real estate returns over G-Sec yield, Current Account Balance and Crude Oil
Movementforcalculation.
2.3
0
1
2
3
4
5
6
7
8
9
10
Very Cautious
Cautious
Moderate
Aggressive
Highly Aggressive

11. 11
Rupee rose 2.0% to settle at Rs 72.62 per dollar on May 31 from
Rs 74.06 per dollar on April 30
Bank deposit and credit growth rose 9.9% and 6.0% on-year in
May 2021* compared with 10.9% and 5.3% in April, respectively
Brent crude prices rose nearly 3.1% to close at $69.32 per
barrel on May 31, 2021, vis-à-vis $67.25 per barrel on April 30,
2021
Indian gold prices rose nearly 5% in May to close at Rs 49032
per 10 grams on May 31, 2021, vis-à-vis Rs 46791 per 10 grams
on April 30, 2021
Other Market Indicators
Source:RBI,IBJA,financialwebsites
*DataasofMay7,2021
Fixed
Income
Outlook
MARKET
OUTLOOK
60.00
65.00
70.00
75.00
80.00
May-16
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Rupees per unit of $
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
13.0%
May-20
Jun-20
Jul-20
Aug-20
Sep-20
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Y-oY
growth
(%)
Deposits growth Credit growth
10
30
50
70
90
May-16
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Oil
Price
($
per
barrel)
Oil Price ($ per barrel)
20000
30000
40000
50000
60000
May-16
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Indian
gold
prices
per
10
gms
Indian Gold prices per 10 grams

12. 12
Based on our framework, accrual scheme have moved into buy territory due to:
1. Valuations being attractive - YTM's at an elevated levels over repo rate ( refer below index)
2. Industry flows slowing down in accrual category mainly due to credit concerns
3. Narrative associated with the category is negative
Data as on 31-May-2021, YTM values taken since scheme inception
Data as on 31-May-2021, YTM values taken for the last 10 years
Debt Accrual Scheme – Yield to Maturity (YTM) Valuation Index
The above are to highlight the valuations of the schemes and does not in any case is an indication of the performance of the respective Schemes.
THE MARKET
OVERVIEW
ICICI Prudential Credit Risk Fund – Spread [YTM* (%) – Repo Rate (%)]
ICICI Prudential Medium Term Bond Fund – Spread [YTM* (%) – Repo Rate (%)]
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
Average Spread :
3.22
Current Spread :
3.23
0
1
2
3
4
5
6
May-12
Aug-12
Nov-12
Feb-13
May-13
Aug-13
Nov-13
Feb-14
May-14
Aug-14
Nov-14
Feb-15
May-15
Aug-15
Nov-15
Feb-16
May-16
Aug-16
Nov-16
Feb-17
May-17
Aug-17
Nov-17
Feb-18
May-18
Aug-18
Nov-18
Feb-19
May-19
Aug-19
Nov-19
Feb-20
May-20
Aug-20
Nov-20
Feb-21
May-21
Average : 2.39
Current Spread :
2.95
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
May-11 May-12 May-13 May-14 May-15 May-16 May-17 May-18 May-19 May-20 May-21

13. 13
INDEX
Category Description Page No
Fund Name
Equity Schemes
Hybrid Schemes
ICICI Prudential Equity & Debt Fund Aggressive An open ended hybrid scheme investing predominantly in equity and equity 43-44
Hybrid Fund related instruments
ICICI Prudential Equity Arbitrage Fund Arbitrage Fund An open ended scheme investing in arbitrage opportunities 45-46
ICICI Prudential Balanced Advantage Fund Dynamic Asset An open ended dynamic asset allocation fund 47-48
Allocation/Balanced
Advantage Fund
ICICI Prudential Equity Savings Fund Equity Savings An open ended scheme investing in equity, arbitrage and debt 49-50
Fund
ICICI Prudential Regular Savings Fund Conservative An open ended hybrid scheme investing predominantly in debt instruments 51-52
Hybrid Fund
ICICI Prudential Multi-Asset Fund Multi Asset An open ended scheme investing in multi assets 53-54
Allocation
Fund Of Funds Schemes
ICICI Prudential Thematic Advantage Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Sectoral/ 55
Thematic schemes.
ICICI Prudential Passive Strategy Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Exchange 56
Traded Funds
ICICI Prudential India Equity FOF Other Scheme An Open ended Fund of Funds investing in units of equity oriented schemes. 57
ICICI Prudential Bluechip Fund Large Cap Fund An open ended equity scheme predominantly investing in large cap stocks 16
ICICI Prudential Large & Mid Cap Fund Large & Mid Cap An open ended equity scheme investing in both large cap and mid cap stocks 17
Fund
ICICI Prudential Multicap Fund Multicap Fund An open ended equity scheme investing across large cap, mid cap, small cap stocks 18-19
ICICI Prudential India Opportunities Fund Thematic An open ended equity scheme following special situations theme 20
ICICI Prudential Value Discovery Fund Value Fund An open ended equity scheme following a value investment strategy 21-22
ICICI Prudential Long Term Equity Fund Equity Linked An open Ended Equity Scheme with Tax Saving advantage 23
(Tax Saving) Savings Scheme
(ELSS)
ICICI Prudential Focused Equity Fund Focused Fund An open ended equity scheme investing in maximum 30 stocks 24
ICICI Prudential Dividend Yield Equity Fund Dividend Yield An open ended equity scheme predominantly investing in dividend yielding stocks 25
Fund
ICICI Prudential Midcap Fund Mid Cap Fund An open ended equity scheme predominantly investing in mid cap stocks 26-27
ICICI Prudential Smallcap Fund Small Cap Fund An open ended equity scheme predominantly investing in small cap stocks 28
ICICI Prudential Banking & Financial
Services Fund Sectoral An open ended equity scheme investing in banking & financial services sector 29
ICICI Prudential FMCG Fund Sectoral An open ended equity scheme investing in FMCG sector 30
ICICI Prudential Technology Fund Sectoral An open ended equity scheme investing in technology and related sectors 31
ICICI Prudential Business Cycle Fund Thematic An open ended equity scheme following business cycles based investing theme 32
ICICI Prudential ESG Fund Thematic (An open ended equity scheme investing in companies identified based on the 33
Environmental, Social and Governance (ESG) theme)
ICICI Prudential Pharma Healthcare and Thematic An Open Ended Equity Scheme following Pharma, Healthcare, Diagnostic and
Diagnostics (P.H.D) Fund allied Theme. 34
ICICI Prudential Exports and Services Fund Thematic An open ended equity scheme following exports and services theme 35
ICICI Prudential Infrastructure Fund Thematic An open ended equity scheme following infrastructure theme 36
ICICI Prudential Manufacture in India Fund Thematic An Open Ended Equity Scheme following manufacturing theme 37
ICICI Prudential MNC Fund Thematic An open ended Equity Scheme following MNC theme 38
ICICI Prudential Bharat Consumption Fund Thematic An open ended scheme investing in companies engaged in consumption and 39
consumption related activities.
ICICI Prudential Commodities Fund Thematic An open ended equity scheme investing primarily in commodities and commodity 40
related sectors.
ICICI Prudential US Bluechip Equity Fund Thematic An open ended equity scheme following bluechip companies listed in US 41
ICICI Prudential Quant Fund Thematic An open ended equity scheme following Quant based investing theme 42

14. 14
Category Description Page No
Fund Name
INDEX
Fund Of Funds Schemes
Debt Schemes
ICICI Prudential Overnight Fund Overnight Fund An open ended debt scheme investing in overnight securities. 66
ICICI Prudential Liquid Fund Liquid Fund Investment in Debt and money market securities with maturity of upto 91 days only 67
ICICI Prudential Money Market Fund Money Market An open ended debt scheme investing in money market instruments 68
Fund
ICICI Prudential Ultra Short Term Fund Ultra Short An open ended debt scheme with Macaulay Duration between 3-6 months 69-70
Duration Fund
ICICI Prudential Savings Fund Low Duration Fund An open ended debt scheme with Macaulay Duration between 6 - 12 months 71-72
ICICI Prudential Floating Interest Fund Floater Fund An open ended debt scheme predominantly investing in floating rate instruments 73-74
ICICI Prudential Short Term Fund Short Duration An open ended debt scheme with Macaulay Duration between 1 – 3 years 75-76
Fund
ICICI Prudential Bond Fund Medium to Long An open ended debt scheme with Macaulay Duration between 4 – 7 years 77
Duration Fund
ICICI Prudential Corporate Bond Fund Corporate Bond An open ended debt scheme predominantly investing in AA+ or above rated 78-79
Fund securities.
ICICI Prudential Banking & PSU Debt Fund Banking & PSU An open ended debt scheme predominantly investing in Debt instruments of banks, 80-81
Fund Public Sector Undertakings, Public Financial Institutions
ICICI Prudential Credit Risk Fund Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated
corporate bonds. 82-83
ICICI Prudential Medium Term Bond Fund Medium Duration An open ended debt scheme with Macaulay Duration between 3 – 4 years 84-85
Fund
ICICI Prudential Long Term Bond Fund Long Duration An open ended debt scheme with Macaulay duration greater than 7 years 86
Fund
ICICI Prudential All Seasons Bond Fund Dynamic Bond An open ended dynamic debt scheme investing across duration 87-88
ICICI Prudential Gilt Fund Gilt Fund An open ended debt scheme investing in government securities across maturity 89
ICICI Prudential Constant Maturity Gilt Fund Gilt Fund with An open ended debt scheme having minimum investment in Gsecs- 80% and 90
10-year Constant Macaulay duration of 10 years
Duration
Solution Oriented Schemes
ICICI Prudential Child Care Fund (Gift Plan) Solution oriented Diversified Long Term Child Benefit Oriented Plan 91
scheme
ICICI Prudential Retirement Fund Solution Oriented An open ended Retirement Solution Oriented Scheme 92-95
Scheme
ICICI Prudential BHARAT 22 FOF Other Scheme An open ended fund of funds scheme investing in BHARAT 22 ETF 58
ICICI Prudential Global Advantage Fund (FOF) Other Scheme An open ended Fund of Funds scheme predominantly investing in mutual fund 59
schemes / ETFs that invest in international markets.)
ICICI Prudential Global Stable Equity Other Scheme Open ended Fund of Funds Scheme investing in overseas mutual fund schemes which 60
Fund (FOF) invest in stable companies globally
ICICI Prudential Asset Allocator Fund (FOF) Other Scheme An open ended fund of funds scheme investing in equity oriented schemes, 61
debt oriented schemes and gold ETFs/schemes.
ICICI Prudential Income Optimizer Fund (FOF) Other Scheme An open ended fund of funds scheme predominantly investing in debt oriented 62
schemes and may also invest in equity & hybrid schemes
ICICI Prudential Debt Management Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in debt oriented schemes. 63
ICICI Prudential Regular Gold Savings Fund (FOF) Other Scheme An Open Ended Fund of Funds scheme investing in ICICI Prudential Gold ETF 64
ICICI Prudential Nifty Low Vol 30 ETF FOF Other Scheme An open ended fund of funds scheme investing in ICICI Prudential Nifty Low Vol 30 ETF 65
Index and ETFs Schemes
ICICI Prudential Nifty 100 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Index 96
ICICI Prudential Nifty Index Fund Other Schemes (Index Fund) Nifty Index Fund 97
ICICI Prudential Nifty ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 50 Index 98
ICICI Prudential Nifty Low Vol 30 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Low Volatility 30 Index 99

15. 15
Category Description Page No
Fund Name
INDEX
Closed Ended Equity Schemes
Other Details
Fund Details Annexure 125-133
Annexure for Returns of all the Schemes 134-150
Systematic Investment Plan (SIP) of Select Schemes 151-154
Performance of Select Schemes
Annexure - I 155
Annexure - II 156
IDCW History for all Schemes 156-163
Investment Objective of all the schemes 164-167
Schedule 1: One Liner Definitions 168
Schedule 2: How To Read Factsheet 169-170
Statutory Details & Risk Factors 171
Index and ETFs Schemes
ICICI Prudential Value Fund - Series 19 Closed Ended Equity Scheme 117
ICICI Prudential Value Fund - Series 20 Closed Ended Equity Scheme 118
ICICI Prudential Bharat Consumption
Fund - Series 1 Closed Ended Equity scheme following Consumption Theme 119
ICICI Prudential Bharat Consumption
Fund - Series 2 Closed Ended Equity scheme following Consumption Theme 120
ICICI Prudential Bharat Consumption
Fund - Series 3 Closed Ended Equity scheme following Consumption Theme 121
ICICI Prudential Bharat Consumption
Fund - Series 4 Closed Ended Equity scheme following Consumption Theme 122
ICICI Prudential Bharat Consumption
Fund - Series 5 Closed Ended Equity scheme following Consumption Theme 123
ICICI Prudential Long Term Wealth
Enhancement Fund Closed Ended Equity Linked Savings Scheme (ELSS) with a statutory lock in of 3 years and tax benefit 124
ICICI Prudential Alpha Low Vol 30 ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Alpha Low-Volatility 30 Index 100
ICICI Prudential Nifty Next 50 Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating Nifty Next 50 Index 101
ICICI Prudential Sensex Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating S&P BSE SENSEX Index 102
ICICI Prudential NV20 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty50 Value 20 Index 103
ICICI Prudential Sensex ETF Other Schemes (ETF) An open ended Exchange Traded Fund tracking S&P BSE SENSEX Index 104
ICICI Prudential Midcap Select ETF Other Schemes (ETF) An open ended exchange traded fund tracking S&P BSE Midcap Select Index 105
ICICI Prudential Midcap 150 ETF Other Schemes (ETF) An open ended Index Exchange Traded Fund tracking Nifty Midcap 150 Index 106-107
BHARAT 22 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index 108
ICICI Prudential S&P BSE 500 ETF Other Schemes (ETF) An Open-ended Exchange Traded Fund replicating/tracking S&P BSE 500 Index 109
ICICI Prudential Nifty Next 50 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating/ tracking NIFTY Next 50 Index 110
ICICI Prudential Bank ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking NIFTY Bank Index. 111
ICICI Prudential Private Banks ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating / tracking NIFTY Private Bank Index 112
ICICI Prudential IT ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking Nifty IT Index 113
ICICI Prudential Liquid ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking S&P BSE Liquid Rate Index 114
ICICI Prudential Healthcare ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Healthcare Index 115
Gold Funds & ETFs
ICICI Prudential Gold ETF Other Schemes (ETF) An open ended exchange traded fund replicating domestic prices of gold 116

16. 16
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialBluechipFund.
2. The scheme is currently managed by Anish Tawakley, Rajat Chandak and Vaibhav Dusad. Mr. Anish Tawakley has been managing this fund since Sep 2018. Total Schemes managed by the Fund Manager is 7 (6
arejointlymanaged).
Mr.RajatChandakhasbeenmanagingthisfundsinceJul2017.TotalSchemesmanagedbytheFundManageris7(6arejointlymanaged).
Mr. Vaibhav Dusad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 3 (3 are jointly managed). Refer annexure from page no. 134 for performance of other schemes
currentlymanagedbyAnishTawakley,RajatChandakandVaibhavDusad.
3. Dateofinception:23-May-08.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex.ThebenchmarkoftheschemehasbeenrevisedfromNifty50TRItoNifty100TRIw.e.f.May28,2018.
Returns of ICICI Prudential Bluechip Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
35.92 40.35
Scheme
Nifty 100 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 57.08)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
29.21
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on May 31, 2021
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 26,775.24 crores
Closing AUM as on 31-May-21 : Rs. 27,723.24 crores `
Fund Managers** :
Anish Tawakley (Managing this fund since Sep, 2018
& Overall 24 years of experience)
Rajat Chandak (Managing this fund since Jul, 2017
& Overall 11 years of experience)
Mr. Vaibhav Dusad (Managing this fund since Jan, 2021
& Overall 11 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 23-May-08 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Upto 1 Year from allotment - 1% of applicable NAV,
more than 1 Year - Nil
Total Expense Ratio @@ :
Other : 1.73% p. a.
Direct : 1.14% p. a.
58.51 15890.87 12.25 14146.22 14.33 19541.25 14.30 57080.00
63.12 16355.70 13.94 14796.05 15.32 20400.84 11.06 39223.22
63.98 16442.90 14.59 15053.02 15.27 20355.20 10.53 36849.80
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
ICICI Prudential Bluechip Fund
(An open ended equity scheme predominantly investing in large cap stocks.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Large Cap Fund
Category
Application Amount for fresh Subscription :
Rs.100 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.100 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 57.08 IDCW Option : 23.79 Direct Plan Growth Option : 61.17 Direct Plan IDCW Option : 39.23 `
` `
`
` `
`
Average P/E :
32.11
Average P/B :
4.98
Average
Dividend Yield :
1.05
Std Dev
(Annualised) :
21.18%
Sharpe Ratio :
0.50
Portfolio Beta :
0.95
Annual Portfolio Turnover Ratio :
Equity - 0.15 times
Top 10 Sectors
Riskometer
This Product is suitable for investors who
are seeking*:
•LongTermWealthCreation
• An open ended equity scheme predominantly
investinginlargecapstocks.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Company/Issuer Rating % to % to NAV
NAV Derivatives
Company/Issuer Rating % to % to NAV
NAV Derivatives
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
Equity Shares 94.55% -2.82%
Auto 4.17%
TVS Motor Company Ltd. 2.15%
Maruti Suzuki India Ltd. 2.03%
Banks 25.75%
• ICICI Bank Ltd. 9.52%
• HDFC Bank Ltd. 7.91%
• Axis Bank Ltd. 6.05%
Kotak Mahindra Bank Ltd. 1.28%
State Bank Of India 1.00%
Cement & Cement Products 1.97%
Grasim Industries Ltd. 1.24%
Ultratech Cement Ltd. 0.73%
Construction Project 4.74%
• Larsen & Toubro Ltd. 4.74%
Consumer Non Durables 2.92%
ITC Ltd. 1.79%
United Breweries Ltd. 1.13%
Ferrous Metals 1.34%
Tata Steel Ltd. 1.34%
Finance 3.82%
• HDFC Ltd. 3.82%
Insurance 2.36%
SBI Life Insurance Company Ltd. 2.36%
Non - Ferrous Metals 2.20%
Hindalco Industries Ltd. 1.52%
Vedanta Ltd. 0.68%
Oil 1.14%
Oil & Natural Gas Corporation Ltd. 1.14%
Petroleum Products 8.36% -0.06%
• Reliance Industries Ltd. 6.00%
Bharat Petroleum Corporation Ltd. 1.64%
Indian Oil Corporation Ltd. 0.71% -0.06%
Pharmaceuticals 2.83%
Sun Pharmaceutical Industries Ltd. 1.55%
Cipla Ltd. 1.28%
Power 2.07%
NTPC Ltd. 2.07%
Retailing 2.38%
• Avenue Supermarts Ltd. 2.38%
(D-Mart)
Software 13.78%
• Infosys Ltd. 8.61%
• HCL Technologies Ltd. 2.40%
Tech Mahindra Ltd. 1.64%
Wipro Ltd. 1.12%
Telecom - Services 5.28%
• Bharti Airtel Ltd. 5.28%
Index Futures/Options -2.75%
Nifty 50 Index - Futures -2.75%
Treasury Bills 0.47%
91 Days Treasury Bill 2021 SOV 0.29%
182 Days Treasury Bill 2021 SOV 0.18%
Equity less than 1% of corpus 9.44%
Short Term Debt and net current assets 7.80%
Total Net Assets 100.00%
26.19%
14.28%
8.36%
5.40%
4.87%
4.74%
4.74%
4.30%
3.85%
2.95%
Banks
Software
Petroleum Products
Telecom - Services
Auto
Construction Project
Finance
Consumer Non Durables
Pharmaceuticals
Insurance

17. 17
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLarge&MidCapFund.
2. The scheme is currently managed by Sankaran Naren and Prakash Gaurav Goel. Mr. Sankaran Naren has been managing this fund since Feb 2012. Total Schemes managed by the Fund Manager is 22 (22 are
jointlymanaged).
Mr. Prakash Gaurav Goel has been managing this fund since October 2017. Total Schemes managed by the Fund Manager is 4 (3 are jointly managed). Refer annexure from page no. 134 for performance of other
schemescurrentlymanagedbySankaranNarenandPrakashGauravGoel.
3. Dateofinception:09-Jul-98.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. The performance of the scheme is benchmarked to the Total Return variant of the Index. The benchmark of the scheme has been revised from Nifty 50 TRI to Nifty LargeMidcap 250 TRI w.e.f. May 28, 2018. As
TRI data for the earlier benchmark is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from 09-Jul-98 to 30-Jun-99 and TRI values
from30-Jun-99.Forbenchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill27thMay2018andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Large & Mid Cap Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
262.02 316.76
Scheme
Nifty LargeMidcap 250 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 441.50)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
233.99
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on May 31, 2021
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 3,864.93 crores
Closing AUM as on 31-May-21 : Rs. 3,958.56 crores `
Fund Managers** :
Sankaran Naren
(Managing this fund from Feb 2012, earlier
managed from Aug 2009 to Feb 2011
& has Overall 29 Years of experience)
Mr Prakash Gaurav Goel
(Managing this fund since October, 2017 &
Overall 16 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 09-Jul-98 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Within 1 month from allotment - 1% of
applicable NAV, more than 1 month - Nil
(w.e.f. 1st Jan 2019)
Total Expense Ratio @@ :
Other : 2.06% p. a.
Direct : 1.35% p. a.
68.02 16849.86 11.69 13938.00 13.53 18868.33 17.98 441500.00
77.63 17819.41 14.22 14908.17 14.99 20110.85 14.35 215783.48
63.98 16442.90 14.59 15053.02 15.27 20355.20 14.41 218405.19
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
ICICI Prudential Large & Mid Cap Fund
(An open ended equity scheme investing in both large cap and mid cap stocks.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Large & Mid Cap Fund
Category
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 441.50 IDCW Option : 20.18 Direct Plan Growth Option : 476.13 Direct Plan IDCW Option : 29.33 `
` `
`
` `
`
Average P/E :
28.75
Average P/B :
3.83
Average
Dividend Yield :
1.08
Std Dev
(Annualised) :
24.06%
Sharpe Ratio :
0.45
Portfolio Beta :
0.97
Annual Portfolio Turnover Ratio :
Equity - 0.87 times
Equity Shares 96.33%
Auto 1.92%
Ashok Leyland Ltd. 1.03%
Maruti Suzuki India Ltd. 0.89%
Banks 12.34%
• ICICI Bank Ltd. 3.68%
• The Federal Bank Ltd. 2.37%
HDFC Bank Ltd. 1.91%
City Union Bank Ltd. 1.65%
State Bank Of India 1.61%
Bank Of Baroda 1.12%
Capital Markets 1.20%
Computer Age Management Services Ltd. 1.20%
Chemicals 1.06%
Atul Ltd. 1.06%
Construction 1.12%
The Phoenix Mills Ltd. 1.12%
Construction Project 1.85%
Larsen & Toubro Ltd. 1.85%
Consumer Durables 1.36%
Voltas Ltd. 1.36%
Consumer Non Durables 5.50%
ITC Ltd. 2.19%
United Breweries Ltd. 1.40%
Bajaj Consumer Care Ltd. 0.97%
Zydus Wellness Ltd. (Subsidiary of Cadila Healthcare
Limited) 0.94%
Entertainment 1.49%
PVR Ltd. 0.75%
Zee Entertainment Enterprises Ltd. 0.74%
Finance 6.71%
• Cholamandalam Financial Holdings Ltd. 2.98%
LIC Housing Finance Ltd. 1.39%
Mahindra & Mahindra Financial Services Ltd. 1.29%
Cholamandalam Investment And Finance Company
Ltd. 1.05%
Industrial Products 1.74%
AIA Engineering Ltd. 0.94%
Cummins India Ltd. 0.80%
Insurance 3.39%
• Max Financial Services Ltd. 3.39%
Leisure Services 1.70%
The Indian Hotels Company Ltd. 1.70%
Non - Ferrous Metals 4.46%
• Hindalco Industries Ltd. 4.46%
Oil 2.41%
• Oil & Natural Gas Corporation Ltd. 2.41%
Petroleum Products 1.64%
Reliance Industries Ltd. 1.64%
Pharmaceuticals 6.98%
• Sun Pharmaceutical Industries Ltd. 5.06%
IPCA Laboratories Ltd. 1.91%
Power 11.23%
• NTPC Ltd. 7.82%
CESC Ltd. 1.92%
Tata Power Company Ltd. 1.49%
Software 8.30%
• Infosys Ltd. 3.52%
HCL Technologies Ltd. 1.67%
COFORGE Ltd. 1.58%
Mphasis Ltd. 1.52%
Telecom - Services 10.06%
• Bharti Airtel Ltd. 8.78%
Tata Communications Ltd. 1.28%
Equity less than 1% of corpus 9.90%
Short Term Debt and net current assets 3.67%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
•Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Top 10 Sectors
Riskometer
This Product is suitable for investors who
are seeking*:
• LongTermWealthCreation
• An open ended equity scheme investing in
bothlargecapandmidcapstocks.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
12.34%
11.23%
10.06%
8.60%
7.51%
7.39%
6.01%
4.46%
3.66%
3.39%
Banks
Power
Telecom - Services
Software
Pharmaceuticals
Finance
Consumer Non Durables
Non - Ferrous Metals
Cash,Cash Equivalents and Net Current Assets
Insurance

18. 18
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialMulticapFund.
2. The scheme is currently managed by Rajat Chandak. Mr. Rajat Chandak has been managing this fund since Jul 2020. Total Schemes managed by the Fund Manager is 7 (6 are jointly managed). Refer annexure
frompageno.134forperformanceofotherschemescurrentlymanagedbyRajatChandak.
3. Dateofinception:01-Oct-94
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
8. The performance of the scheme is benchmarked to the Total Return variant of the Index. As TRI data is not available since inception of the scheme, the additional benchmark performance is calculated using
composite CAGR of Nifty 50 PRI values from 01-Oct-94 to 30-Jun-99 and TRI values since 30-Jun-99. The benchmark of the scheme has been revised from S&P BSE 500 TRI to Nifty500 Multicap 50:25:25 TRI
w.e.f.Jan29,2021.Forbenchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill28thJanuary2021andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Multicap Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
231.54 274.13
Scheme
Nifty500 Multicap 50:25:25 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 390.97)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
274.13
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on May 31, 2021
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 5,937.24 crores
Closing AUM as on 31-May-21 : Rs. 6,052.84 crores `
Fund Managers** :
Rajat Chandak
(Managing this fund since Jul, 2020 &
Overall 11 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 01-Oct-94 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Up to 12 Months from allotment - 1% of
applicable NAV, More than 12 Months - Nil
(w.e.f. 24 August, 2018)
Total Expense Ratio @@ :
Other : 1.98% p. a.
Direct : 1.09% p. a.
68.37 16885.64 12.55 14262.21 14.03 19284.31 14.73 390970.00
77.03 17758.38 15.26 15316.36 16.58 21545.89 NA NA
63.98 16442.90 14.59 15053.02 15.27 20355.20 11.02 162645.04
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
ICICI Prudential Multicap Fund
(An open ended equity scheme investing across large cap, mid cap, small cap stocks)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Multicap Fund
Category
NAV (As on 31-May-21): Growth Option : 390.97 IDCW Option : 24.67 Direct Plan Growth Option : 421.19 Direct Plan IDCW Option : 36.91 `
` `
`
` `
`
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
Average P/E :
29.65
Average P/B :
4.81
Average
Dividend Yield :
0.53
Std Dev
(Annualised) :
23.88%
Sharpe Ratio :
0.48
Portfolio Beta :
1.02
Annual Portfolio Turnover Ratio :
Equity - 0.61 times
Equity Shares 98.45%
Auto 3.69%
• TVS Motor Company Ltd. 3.69%
Auto Ancillaries 4.80%
• Motherson Sumi Systems Ltd. 2.67%
Minda Industries Ltd. 1.33%
Sundaram Clayton Ltd. 0.80%
Banks 24.39%
• ICICI Bank Ltd. 7.99%
• HDFC Bank Ltd. 6.19%
• State Bank Of India 3.08%
• City Union Bank Ltd. 2.47%
Axis Bank Ltd. 1.54%
The Federal Bank Ltd. 1.49%
Bank Of Baroda 0.99%
DCB Bank Ltd. 0.64%
Capital Markets 2.93%
Angel Broking Ltd. 1.50%
UTI Asset Management Co Ltd 1.43%
Cement & Cement Products 3.39%
JK Cement Ltd. 1.89%
JK Lakshmi Cement Ltd. 0.79%
Ultratech Cement Ltd. 0.71%
Construction 5.24%
The Phoenix Mills Ltd. 1.50%
KNR Constructions Ltd. 1.25%
PNC Infratech Ltd. 0.93%
Capacite Infraprojects Ltd. 0.78%
Mahindra Lifespace Developers Ltd. 0.78%
Construction Project 1.08%
Larsen & Toubro Ltd. 1.08%
Consumer Durables 5.20%
Orient Electric Ltd. 1.86%
Voltas Ltd. 1.76%
Bajaj Electricals Ltd. 1.58%
Consumer Non Durables 2.53%
Zydus Wellness Ltd. (Subsidiary of Cadila Healthcare
Limited) 1.11%
Hindustan Unilever Ltd. 0.73%
Bajaj Consumer Care Ltd. 0.69%
Entertainment 1.70%
PVR Ltd. 1.70%
Finance 3.97%
Cholamandalam Financial Holdings Ltd. 1.86%
Mahindra & Mahindra Financial Services Ltd. 1.49%
Jm Financial Ltd. 0.62%
Industrial Capital Goods 1.66%
GMM Pfaudler Ltd. 1.66%
Industrial Products 1.01%
Bharat Forge Ltd. 1.01%
Insurance 1.43%
Max Financial Services Ltd. 1.43%
Pesticides 1.14%
Astec LifeSciences Ltd. 1.14%
Petroleum Products 2.62%
• Reliance Industries Ltd. 2.62%
Pharmaceuticals 6.81%
• IPCA Laboratories Ltd. 1.95%
Natco Pharma Ltd. 1.62%
J.B.Chemicals & Pharmaceuticals Ltd. 0.90%
Sanofi India Ltd. 0.86%
Sun Pharmaceutical Industries Ltd. 0.79%
Gland Pharma Ltd. 0.68%
Power 0.92%
CESC Ltd. 0.92%
Retailing 4.13%
• Avenue Supermarts Ltd. 3.32%
V-Mart Retail Ltd. 0.80%
Software 8.53%
• Infosys Ltd. 2.97%
Company/Issuer % to
NAV
Company/Issuer % to
NAV

19. 19
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
^ Value Less than 0.01% of NAV in absolute terms.
Portfolio as on May 31, 2021
Cyient Ltd. 1.79%
Wipro Ltd. 1.48%
HCL Technologies Ltd. 1.36%
Tech Mahindra Ltd. 0.93%
Telecom - Services 1.79%
Bharti Airtel Ltd. 1.79%
Equity less than 1% of corpus 9.51%
Corporate Securities ^
Britannia Industries Ltd. CRISIL AAA ^
Short Term Debt and net
current assets 1.54%
Total Net Assets 100.00%
ICICI Prudential Multicap Fund
(An open ended equity scheme investing across large cap, mid cap, small cap stocks) Multicap Fund
Category
Top 10 Sectors
Company/Issuer % to
NAV
Riskometer
This Product is suitable for investors who
are seeking*:
• LongTermWealthCreation
• An open ended equity scheme investing
across large cap, mid cap and small cap
stocks.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
24.77%
9.51%
7.38%
6.11%
5.88%
5.71%
4.63%
4.13%
3.69%
3.64%
Banks
Software
Pharmaceuticals
Construction
Auto Ancillaries
Consumer Durables
Finance
Retailing
Auto
Petroleum Products

20. 20
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialIndiaOpportunitiesFund.
2. The scheme is currently managed by Sankaran Naren & Roshan Chutkey. Mr. Sankaran Naren has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 22 (22 are jointly
managed).
Mr. Roshan Chutkey has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 6 (3 are jointly managed). Refer annexure from page no. 134 for performance of other schemes
currentlymanagedbySankaranNaren&RoshanChutkey.
3. Dateofinception:15-Jan-19.
4. AstheSchemehascompletedmorethan1yearbutlessthan3years,theperformancedetailsofonlysinceinceptionand1yearareprovidedherein.
5. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
6. Loadisnotconsideredforcomputationofreturns.
7. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
Returns of ICICI Prudential India Opportunities Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
8.36 -
Scheme
Nifty 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 14.74)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
-
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
Portfolio as on May 31, 2021
Riskometer
This Product is suitable for investors who
are seeking*:
• LongTermWealthCreation
• An equity scheme that invests in stocks
basedonspecialsituationstheme.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 3,765.99 crores
Closing AUM as on 31-May-21 : Rs. 3,875.37 crores `
Fund Managers** :
Mr. Sankaran Naren
(Managing this fund since Jan 2019 &
Overall 29 years of experience)
Mr. Roshan Chutkey
(Managing this fund since Jan 2019 &
Overall 12 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 15-Jan-19 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option:
1% of applicable NAV if the amount, sought to be redeemed/
switch out in invested for a period of upto 12 months from the date
of allotment.
Nil - if the amount, sought to be redeemed/switch out in invested
for a period of more than 12 months from the date of allotment.
Total Expense Ratio @@ :
Other : 1.99% p. a.
Direct : 0.70% p. a.
75.77 17631.58 - - - - 17.74 14740.00
70.26 17075.55 - - - - 18.04 14829.22
63.98 16442.90 - - - - 17.68 14721.34
ICICI Prudential India Opportunities Fund
(An open ended equity scheme following special situations theme)
Value Blend Growth
Large
Mid
Small
Concentrated
Style
Size
Thematic
Category
Note : - “Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Tracking
Error of the Scheme is not computed owing to the short time frame since launch
of the Scheme.”
@@ Total Expense Ratio is as on the last business day of the month.
**In addition to the fund manager managing this fund, overseas investment is
managed by Ms. Priyanka Khandelwal.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Benchmark
Nifty 500 TRI
NAV (As on 31-May-21): Growth Option : Rs. 14.74 IDCW Option : 14.01 Direct Plan Growth Option : Rs. 15.31 Direct Plan IDCW Option : 14.58 `
` `
`
` `
`
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
Average P/E :
22.67
Average P/B :
3.05
Average
Dividend Yield :
1.98
Annual Portfolio Turnover Ratio :
Equity - 0.57 times
Investors understand that their principal
will be at Very High risk
Equity Shares 95.45% 1.42%
Auto 2.22%
Tata Motors Ltd. - DVR 2.22%
Banks 14.01%
• Axis Bank Ltd. 7.73%
• State Bank Of India 3.49%
ICICI Bank Ltd. 1.71%
Bank Of Baroda 1.08%
Consumer Non Durables 4.66%
United Spirits Ltd. 2.65%
ITC Ltd. 2.01%
Entertainment 1.04%
Zee Entertainment Enterprises Ltd. 1.04%
Ferrous Metals 1.81%
Tata Steel Ltd. 1.81%
Gas 6.92%
• GAIL (India) Ltd. 6.92%
Insurance 1.77%
Max Financial Services Ltd. 1.77%
Minerals/Mining 2.83%
• Coal India Ltd. 2.83%
Non - Ferrous Metals 2.70%
• Hindalco Industries Ltd. 2.70%
Oil 4.55%
• Oil & Natural Gas Corporation Ltd. 4.55%
Pesticides 1.73%
UPL Ltd. 1.73%
Petroleum Products 2.12%
Indian Oil Corporation Ltd. 2.12%
Pharmaceuticals 8.89%
• Sun Pharmaceutical Industries Ltd. 8.89%
Power 16.69%
• NTPC Ltd. 9.77%
• CESC Ltd. 3.57%
Kalpataru Power Transmission Ltd. 1.98%
Tata Power Company Ltd. 1.37%
Software 3.80%
HCL Technologies Ltd. 2.53%
Cyient Ltd. 1.27%
Telecom - Services 9.65%
• Bharti Airtel Ltd. 9.65%
Transportation 0.95%
The Great Eastern Shipping Company Ltd. 0.95%
Equity less than 1% of corpus 9.10% 1.42%
Short Term Debt and net current assets 3.13%
Total Net Assets 100.00%
Company/Issuer % to % to NAV
NAV Derivatives
Company/Issuer % to % to NAV
NAV Derivatives
16.69%
16.66%
9.76%
9.65%
7.47%
5.43%
5.30%
3.80%
3.63%
3.15%
Power
Banks
Pharmaceuticals
Telecom - Services
Gas
Consumer Non Durables
Oil
Software
Petroleum Products
Cash,Cash Equivalents and Net Current Assets

21. 21
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialValueDiscoveryFund.
2. The scheme is currently managed by Sankaran Naren and Dharmesh Kakkad. Mr. Sankaran Naren has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 22 (22 are jointly
managed).
Mr. Dharmesh Kakkad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 10 (8 are jointly managed). Refer annexure from page no. 134 for performance of other
schemescurrentlymanagedbySankaranNarenandDharmeshKakkad.
3. Dateofinception:16-Aug-04.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5.Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7.ThebenchmarkofthisschemehasbeenrevisedfromS&PBSE500TRItoNifty500Value50TRIw.e.f.February17,2020.
8.Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
Returns of ICICI Prudential Value Discovery Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
126.64 143.70
Scheme
Nifty 500 Value 50 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 211.26)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
114.14
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on May 31, 2021
Riskometer
This Product is suitable for investors who
are seeking*:
• LongTermWealthCreation
• An open ended equity scheme following a
valueinvestmentstrategy.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 18,642.91 crores
Closing AUM as on 31-May-21 : Rs. 19,181.99 crores `
Fund Managers** :
Mr. Sankaran Naren (Managing this fund
since January 2021 & Overall 29 years
of experience)
Mr. Dharmesh Kakkad (Managing this fund
since January 2021 & Overall 9 years of
experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 16-Aug-04 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Upto 12 Months from allotment - 1%
of applicable NAV, more than 12
Months - Nil
Total Expense Ratio @@ :
Other : 1.81% p. a.
Direct : 1.29% p. a.
66.35 16681.93 13.69 14701.46 13.10 18508.85 19.91 211260.00
109.72 21057.77 5.37 11700.65 12.34 17894.32 NA NA
63.98 16442.90 14.59 15053.02 15.27 20355.20 15.97 120533.46
ICICI Prudential Value Discovery Fund
(An open ended equity scheme following a value investment strategy.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Investors are requested to take note of proposed changes in fundamental attributes of
the scheme and proposed merger with ICICI Prudential Value Fund - Series 18 w.e.f.
May17,2021.
The performance disclosed above is of ICICI Prudential Value Discovery Fund.
Performance of merging scheme i.e ICICI Prudential Value fund series 18 will be made
availabletoinvestorsonrequest.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Value Fund
Category
Application Amount for fresh Subscription :
Rs.1,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.500 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 211.26 IDCW Option : 28.01 Direct Plan Growth Option : 227.00 Direct Plan IDCW Option : 63.11 `
` `
`
` `
`
Average P/E :
29.84
Average P/B :
3.83
Average
Dividend Yield :
1.52
Std Dev
(Annualised) :
20.17%
Sharpe Ratio :
0.57
Portfolio Beta :
0.55
Annual Portfolio Turnover Ratio :
Equity - 0.39 times
Investors understand that their principal
will be at Very High risk
Equity Shares 92.98% -0.12%
Auto 7.42%
• Mahindra & Mahindra Ltd. 7.42%
Auto Ancillaries 3.36%
Exide Industries Ltd. 2.06%
Amara Raja Batteries Ltd. 1.30%
Banks 8.73%
• Axis Bank Ltd. 5.35%
ICICI Bank Ltd. 3.37%
Cement & Cement Products 1.29%
Grasim Industries Ltd. 1.29%
Consumer Non Durables 3.72%
• ITC Ltd. 3.72%
Ferrous Metals 2.93%
Tata Steel Ltd. 2.93%
Finance 2.15%
LIC Housing Finance Ltd. 1.31%
Jm Financial Ltd. 0.84%
Gas 2.10%
GAIL (India) Ltd. 2.10%
Insurance 3.25%
Max Financial Services Ltd. 1.94%
SBI Life Insurance Company Ltd. 1.31%
Non - Ferrous Metals 3.67%
• Hindalco Industries Ltd. 3.67%
Oil 3.55%
• Oil & Natural Gas Corporation Ltd. 3.55%
Pesticides 1.51%
PI Industries Ltd. 1.51%
Petroleum Products 3.58%
• Bharat Petroleum Corporation Ltd. 3.58%
Pharmaceuticals 9.00%
• Sun Pharmaceutical Industries Ltd. 9.00%
Power 7.55%
• NTPC Ltd. 6.00%
Tata Power Company Ltd. 1.55%
Company/Issuer Rating % to % to NAV
NAV Derivatives
Company/Issuer Rating % to % to NAV
NAV Derivatives
Software 11.36%
• Infosys Ltd. 6.36%
HCL Technologies Ltd. 3.49%
Persistent Systems Ltd. 1.51%
Telecom - Services 6.08%
• Bharti Airtel Ltd. 6.08%
Transportation 1.83%
Gateway Distriparks Ltd. 0.93%
Container Corporation Of India Ltd. 0.90%
Index Futures/Options -0.08%
Bharat Petroleum Corporation Ltd.-
CALL-480-24 June 2021 (Covered Call) ^
Bharat Petroleum Corporation Ltd.-
CALL-470-24 June 2021 (Covered Call) -0.01%
Cipla Ltd.-CALL-950-24 June 2021
(Covered Call) ^
Hindalco Industries Ltd.-CALL-400-24
June 2021 (Covered Call) -0.01%
ITC Ltd.-CALL-225-24 June 2021
(Covered Call) ^
Mahindra & Mahindra Ltd.-
CALL-850-24 June 2021 (Covered Call) -0.01%
Mahindra & Mahindra Ltd.-
CALL-860-24 June 2021 (Covered Call) ^
Mahindra & Mahindra Ltd.-
CALL-800-24 June 2021 (Covered Call) -0.01%
Mahindra & Mahindra Ltd.-
CALL-810-24 June 2021 (Covered Call) ^
Mahindra & Mahindra Ltd.-
CALL-840-24 June 2021 (Covered Call) ^
Mahindra & Mahindra Ltd.-
CALL-830-24 June 2021 (Covered Call) ^
Mahindra & Mahindra Ltd.-
CALL-820-24 June 2021 (Covered Call) -0.01%
Oil & Natural Gas Corporation Ltd.-
CALL-120-24 June 2021 (Covered Call) ^

22. 22
Portfolio as on May 31, 2021
Tata Steel Ltd.-CALL-1140-24
June 2021 (Covered Call) -0.01%
Tata Steel Ltd.-CALL-1120-24
June 2021 (Covered Call) -0.01%
Treasury Bills 1.04%
91 Days Treasury Bill 2021 SOV 1.04%
Equity less than 1% of corpus 9.89% -0.04%
Short Term Debt and net current assets 6.11%
Total Net Assets 100.00%
ICICI Prudential Value Discovery Fund
(An open ended equity scheme following a value investment strategy.) Value Fund
Category
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
^ Value Less than 0.01% of NAV in absolute terms.
Top 10 Sectors
11.38%
10.43%
9.29%
8.70%
7.57%
6.08%
6.07%
4.11%
4.01%
3.71%
Software
Pharmaceuticals
Banks
Auto
Power
Telecom - Services
Cash,Cash Equivalents and Net Current Assets
Non - Ferrous Metals
Consumer Non Durables
Auto Ancillaries
Company/Issuer Rating % to % to NAV
NAV Derivatives

23. 23
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLongTermEquityFund(TaxSaving).
2. The scheme is currently managed by Harish Bihani. Mr. Harish Bihani has been managing this fund since Nov 2018. Total Schemes managed by the Fund Manager is 2 (1 are jointly managed). Refer annexure
frompageno.134forperformanceofotherschemescurrentlymanagedbyHarishBihani.
3. Dateofinception:19-Aug-99.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
313.42 354.29
Scheme
Nifty 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 512.20)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
267.06
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Portfolio as on May 31, 2021
Riskometer
This Product is suitable for investors who
are seeking*:
• Long term wealth creation solution
• AnEquityLinkedSavingsSchemethataimsto
generatelongterm capital appreciation by
primarily investing in equity and related
securities and provides tax benefit under
section80CofIncome TaxAct,1961.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 8,531.54 crores
Closing AUM as on 31-May-21 : Rs. 8,846.36 crores `
Fund Managers** :
Harish Bihani
(Managing this fund since Nov, 2018 &
Overall above 11 Years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 19-Aug-99 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option
Nil
Total Expense Ratio @@ :
Other : 1.97% p. a.
Direct : 1.22% p. a.
62.99 16342.29 13.06 14457.08 13.90 19179.21 19.79 512200.00
70.26 17075.55 13.67 14693.32 15.59 20639.45 14.49 190931.33
63.98 16442.90 14.59 15053.02 15.27 20355.20 13.43 155895.62
ICICI Prudential Long Term Equity Fund (Tax Saving)
(An open ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Equity Linked Savings
Scheme (ELSS)
Category
Equity Shares 98.01%
Auto 4.84%
Maruti Suzuki India Ltd. 1.95%
Ashok Leyland Ltd. 1.05%
Mahindra & Mahindra Ltd. 1.00%
Tata Motors Ltd. - DVR 0.83%
Banks 19.73%
• ICICI Bank Ltd. 7.19%
• HDFC Bank Ltd. 6.49%
• Axis Bank Ltd. 3.33%
• State Bank Of India 2.71%
Capital Markets 1.47%
Computer Age Management Services Ltd. 1.47%
Cement & Cement Products 0.96%
Ultratech Cement Ltd. 0.96%
Construction Project 1.96%
Larsen & Toubro Ltd. 1.96%
Consumer Durables 2.87%
Blue Star Ltd. 1.57%
Dixon Technologies (India) Ltd. 1.30%
Consumer Non Durables 5.23%
ITC Ltd. 2.28%
Hindustan Unilever Ltd. 1.48%
United Breweries Ltd. 1.47%
Entertainment 1.06%
Inox Leisure Ltd. 1.06%
Ferrous Metals 1.15%
Tata Steel Ltd. 1.15%
Finance 3.99%
• HDFC Ltd. 3.14%
SBI Cards & Payment Services Ltd. 0.85%
Gas 2.28%
GAIL (India) Ltd. 2.28%
Insurance 4.13%
SBI Life Insurance Company Ltd. 1.99%
Max Financial Services Ltd. 1.20%
ICICI Lombard General Insurance Company Ltd. 0.94%
Non - Ferrous Metals 2.70%
• Hindalco Industries Ltd. 2.70%
Oil 1.08%
Oil & Natural Gas Corporation Ltd. 1.08%
Other Services 0.87%
Quess Corp Ltd. 0.87%
Petroleum Products 4.71%
• Reliance Industries Ltd. 3.32%
Bharat Petroleum Corporation Ltd. 1.39%
Pharmaceuticals 5.01%
Sun Pharmaceutical Industries Ltd. 1.92%
IPCA Laboratories Ltd. 1.30%
Cipla Ltd. 0.96%
Dr. Reddy's Laboratories Ltd. 0.83%
Power 2.68%
NTPC Ltd. 2.68%
Retailing 3.23%
Avenue Supermarts Ltd. 2.10%
(D-Mart)
V-Mart Retail Ltd. 1.14%
Software 12.65%
• Infosys Ltd. 5.27%
• HCL Technologies Ltd. 3.48%
Larsen & Toubro Infotech Ltd. 1.69%
Birlasoft Ltd. 1.13%
Tech Mahindra Ltd. 1.08%
Telecom - Services 5.54%
• Bharti Airtel Ltd. 5.54%
Equity less than 1% of corpus 9.89%
Short Term Debt and net current assets 1.99%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Application Amount for fresh Subscription :
Rs.500 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.500 & in multiples thereof
NAV (As on 31-May-21): Growth Option : 512.20 IDCW Option : 22.11 Direct Plan Growth Option : 553.16 Direct Plan IDCW Option : 34.04 `
` `
`
` `
`
Average P/E :
26.83
Average P/B :
4.98
Average
Dividend Yield :
0.95
Std Dev
(Annualised) :
22.94%
Sharpe Ratio :
0.51
Portfolio Beta :
0.99
Annual Portfolio Turnover Ratio :
Equity - 0.34 times
Investors understand that their principal
will be at Very High risk
20.13%
12.65%
7.40%
6.21%
5.68%
5.54%
4.84%
4.71%
4.13%
3.67%
Banks
Software
Consumer Non Durables
Finance
Pharmaceuticals
Telecom - Services
Auto
Petroleum Products
Insurance
Retailing

24. 24
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialFocusedEquityFund.
2. The scheme is currently managed by Prakash Gaurav Goel and Mittul Kalawadia. Mr. Prakash Gaurav Goel has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 4 (3 are
jointlymanaged).
Mr.MittulKalawadiahasbeenmanagingthisfundsinceJan2018.TotalSchemesmanagedbytheFundManageris8(6arejointlymanaged).Referannexurefrompageno.134forperformanceofotherschemes
currentlymanagedbyPrakashGauravGoelandMittulKalawadia.
3. Dateofinception:28-May-09.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. The performance of the scheme is benchmarked to the Total Return variant of the Index. The benchmark of the scheme has been revised from S&P BSE 100 Index to S&P BSE 500 TRI w.e.f. May 28, 2018. For
benchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill27thMay2018andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Focused Equity Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
26.85 29.04
Scheme
S&P BSE 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 42.68)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
22.70
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Portfolio as on May 31, 2021
Riskometer
This Product is suitable for investors who
are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme investing in
maximum 30 stocks across market-
capitalisation.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 1,410.55 crores
Closing AUM as on 31-May-21 : Rs. 1,523.38 crores `
Fund Managers** :
Prakash Gaurav Goel
(Managing this fund since Jan, 2021 &
Overall 16 years of experience)
Mittul Kalawadia
(Managing this fund since Jan, 2018 &
Overall 13 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 28-May-09 Exit load for Redemption / Switch
out :- Lumpsum Investment Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil
Total Expense Ratio @@ :
Other : 2.17% p. a.
Direct : 1.14% p. a.
58.56 15895.72 13.68 14696.97 13.45 18801.76 12.84 42680.00
71.12 17162.11 13.95 14802.08 15.19 20285.21 12.92 43068.52
63.98 16442.90 14.59 15053.02 15.27 20355.20 12.59 41561.39
ICICI Prudential Focused Equity Fund
(An open ended equity scheme investing in maximum 30 stocks across market-capitalisation i.e. focus on multicap.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Note:Defaulttriggerisnowsetat50%oftheappreciationofNAV.
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Focused Fund
Category
Equity Shares 96.30%
Auto 5.14%
• Mahindra & Mahindra Ltd. 5.14%
Banks 21.26%
• ICICI Bank Ltd. 5.89%
• Axis Bank Ltd. 4.68%
• HDFC Bank Ltd. 4.68%
• State Bank Of India 4.46%
Bank Of Baroda 1.55%
Chemicals 1.84%
Camlin Fine Sciences Ltd. 1.84%
Construction Project 4.43%
• Larsen & Toubro Ltd. 4.43%
Consumer Non Durables 5.26%
• ITC Ltd. 5.26%
Ferrous Metals 3.69%
Tata Steel Ltd. 3.69%
Finance 4.39%
Cholamandalam Financial Holdings Ltd. 2.56%
LIC Housing Finance Ltd. 1.83%
Gas 3.36%
GAIL (India) Ltd. 3.36%
Insurance 6.39%
Max Financial Services Ltd. 2.81%
SBI Life Insurance Company Ltd. 1.92%
ICICI Lombard General Insurance Company Ltd. 1.67%
Petroleum Products 5.80%
Bharat Petroleum Corporation Ltd. 4.38%
Reliance Industries Ltd. 1.42%
Pharmaceuticals 11.27%
• Sun Pharmaceutical Industries Ltd. 5.83%
Divi's Laboratories Ltd. 2.92%
Alkem Laboratories Ltd. 2.52%
Power 4.61%
NTPC Ltd. 3.30%
CESC Ltd. 1.31%
Software 11.17%
• Infosys Ltd. 6.89%
HCL Technologies Ltd. 4.28%
Telecom - Services 5.45%
• Bharti Airtel Ltd. 5.45%
Transportation 2.22%
Gujarat Pipavav Port Ltd. 2.22%
Equity less than 1% of corpus
Short Term Debt and net current assets 3.70%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 42.68 IDCW Option : 19.59 Direct Plan Growth Option : 46.49 Direct Plan IDCW Option : 33.90 `
` `
`
` `
`
Average P/E :
29.14
Average P/B :
4.21
Average
Dividend Yield :
1.44
Std Dev
(Annualised) :
19.20%
Sharpe Ratio :
0.59
Portfolio Beta :
0.78
Annual Portfolio Turnover Ratio :
Equity - 0.55 times
Investors understand that their principal
will be at Very High risk
21.26%
11.27%
11.17%
6.39%
5.80%
5.45%
5.26%
5.14%
4.61%
4.43%
Banks
Pharmaceuticals
Software
Insurance
Petroleum Products
Telecom - Services
Consumer Non Durables
Auto
Power
Construction Project

25. 25
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialDividendYieldEquityFund.
2. The scheme is currently managed by Mittul Kalawadia. Mr. Mittul Kalawadia has been managing this fund since Jan 2018. Total Schemes managed by the Fund Manager is 8 (6 are jointly managed). Refer
annexurefrompageno.134forperformanceofotherschemescurrentlymanagedbyMittulKalawadia.
3. Dateofinception:16-May-14.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Dividend Yield Equity Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
12.53 17.51
Scheme
Nifty Dividend Opportunities 50 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 21.88)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
11.96
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
Portfolio as on May 31, 2021
Riskometer
This Product is suitable for investors who
are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme that aims for
growth by primarily investing in equity and
equity related instruments of dividend
yielding companies.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 305.53 crores
Closing AUM as on 31-May-21 : Rs. 328.38 crores `
Fund Managers** :
Mittul Kalawadia
(Managing this fund since Jan, 2018 &
Overall 13 Years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 16-May-14 Exit load for Redemption / Switch out
:- Lumpsum Investment Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year -Nil
Total Expense Ratio @@ :
Other : 2.58% p. a.
Direct : 1.87% p. a.
74.09 17462.09 7.70 12495.72 12.83 18294.31 11.75 21880.00
55.10 15547.74 9.65 13184.95 14.58 19756.09 10.93 20765.20
63.98 16442.90 14.59 15053.02 15.27 20355.20 12.98 23632.96
ICICI Prudential Dividend Yield Equity Fund
(An open ended equity scheme predominantly investing in dividend yielding stocks)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Please note that ICICI Prudential Dividend Yield Equity Fund has undergone change in
fundamental attributes with effect from closure of business hours on December 26,
2019.Investorsmaypleasevisitwebsiteforfurtherdetails.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Dividend Yield Fund
Category
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 21.88 IDCW Option : 13.24 Direct Plan Growth Option : 23.08 Direct Plan IDCW Option : 14.98 `
` `
`
` `
`
Average P/E :
25.71
Average P/B :
4.17
Average
Dividend Yield :
2.25
Std Dev
(Annualised) :
22.28%
Sharpe Ratio :
0.29
Portfolio Beta :
1.20
Annual Portfolio Turnover Ratio :
Equity - 0.89 times
Investors understand that their principal
will be at Very High risk
Equity Shares 91.05%
Aerospace & Defense 2.07%
Hindustan Aeronautics Ltd. 2.07%
Auto 1.39%
Mahindra & Mahindra Ltd. 1.39%
Banks 5.66%
Axis Bank Ltd. 2.86%
ICICI Bank Ltd. 1.43%
State Bank Of India 1.38%
Capital Markets 1.04%
Central Depository Services (India) Ltd. 1.04%
Chemicals 1.20%
Camlin Fine Sciences Ltd. 1.20%
Consumer Durables 1.11%
Mayur Uniquoters Ltd. 1.11%
Consumer Non Durables 5.58%
ITC Ltd. 2.62%
CCL Products (India) Ltd. 1.87%
Bajaj Consumer Care Ltd. 1.09%
Entertainment 1.23%
Inox Leisure Ltd. 1.23%
Ferrous Metals 1.78%
Tata Steel Ltd. 1.78%
Gas 2.31%
GAIL (India) Ltd. 2.31%
Insurance 2.79%
SBI Life Insurance Company Ltd. 2.79%
Minerals/Mining 3.47%
• Coal India Ltd. 3.47%
Non - Ferrous Metals 1.56%
Vedanta Ltd. 1.56%
Petroleum Products 5.15%
• Bharat Petroleum Corporation Ltd. 3.81%
Hindustan Petroleum Corporation Ltd. 1.35%
Pharmaceuticals 5.76%
• Sun Pharmaceutical Industries Ltd. 5.76%
Power 11.18%
• NTPC Ltd. 5.65%
• Tata Power Company Ltd. 4.20%
Power Grid Corporation Of India Ltd. 1.34%
Software 22.27%
• Infosys Ltd. 8.63%
• HCL Technologies Ltd. 5.89%
• Tech Mahindra Ltd. 4.69%
Firstsource Solutions Ltd. 3.07%
Telecom - Services 3.33%
• Bharti Airtel Ltd. 3.33%
Transportation 8.26%
• Gujarat Pipavav Port Ltd. 5.49%
Gateway Distriparks Ltd. 2.76%
Equity less than 1% of corpus 3.90%
Short Term Debt and net current assets 8.95%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
23.22%
11.18%
8.95%
8.26%
6.63%
5.76%
5.58%
5.15%
3.47%
3.33%
Software
Power
Cash,Cash Equivalents and Net Current Assets
Transportation
Banks
Pharmaceuticals
Consumer Non Durables
Petroleum Products
Minerals/Mining
Telecom - Services

26. 26
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialMidcapFund.
2. The scheme is currently managed by Prakash Gaurav Goel. Mr. Prakash Gaurav Goel has been managing this fund since May 2020. Total Schemes managed by the Fund Manager is 4 (3 are jointly managed).
Referannexurefrompageno.134forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
3. Dateofinception:28-Oct-04.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
8. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex.ThebenchmarkoftheschemehasbeenrevisedfromNiftyMidcap100IndextoNiftyMidcap150TRIw.e.f.May28,2018.
Returns of ICICI Prudential Midcap Fund - Growth Option as on May 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
71.38 99.87
Scheme
Nifty Midcap 150 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on May 31,2021 : 139.13)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
66.82
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on May 31, 2021
Fund Details
Monthly AAUM as on 31-May-21 : Rs. 2,489.47 crores
Closing AUM as on 31-May-21 : Rs. 2,632.04 crores `
Fund Managers** :
Mr Prakash Gaurav Goel
(Managing this fund since May, 2020
& Overall 16 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 28-Oct-04 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP / SWP Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year -
Nil
Total Expense Ratio @@ :
Other : 2.39% p. a.
Direct : 1.36% p. a.
94.21 19491.45 11.67 13931.11 15.79 20821.61 17.19 139130.00
93.15 19384.49 14.35 14959.00 18.07 22954.51 NA NA
63.98 16442.90 14.59 15053.02 15.27 20355.20 15.32 106522.69
ICICI Prudential Midcap Fund
(An open ended equity scheme predominantly investing in mid cap stocks.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.39%
ReferDisclaimerofNSEIndicesLimited(NSEIndices)onpageno.94.
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno125to133fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from156to163,ForSIPReturns:Referpageno.from
151to154,ForInvestmentObjective:Referpageno.from164to167
Quantitative Indicators
Mid Cap Fund
Category
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-May-21): Growth Option : 139.13 IDCW Option : 27.66 Direct Plan Growth Option : 150.29 Direct Plan IDCW Option : 37.27 `
` `
`
` `
`
Average P/E :
24.14
Average P/B :
4.26
Average
Dividend Yield :
0.59
Std Dev
(Annualised) :
26.31%
Sharpe Ratio :
0.43
Portfolio Beta :
0.95
Annual Portfolio Turnover Ratio :
Equity - 0.82 times
Equity Shares 94.53%
Auto 3.86%
• Ashok Leyland Ltd. 2.63%
TVS Motor Company Ltd. 1.22%
Auto Ancillaries 2.10%
Wabco India Ltd. 1.07%
Minda Industries Ltd. 1.03%
Banks 7.66%
• The Federal Bank Ltd. 3.79%
• City Union Bank Ltd. 2.61%
ICICI Bank Ltd. 1.26%
Capital Markets 4.26%
• Computer Age Management Services Ltd. 2.73%
Motilal Oswal Financial Services Ltd. 1.53%
Cement & Cement Products 2.43%
JK Cement Ltd. 2.43%
Chemicals 5.40%
• Camlin Fine Sciences Ltd. 2.62%
Atul Ltd. 1.83%
Sudarshan Chemical Industries Ltd. 0.95%
Construction 2.60%
The Phoenix Mills Ltd. 2.60%
Consumer Durables 4.50%
• Voltas Ltd. 3.06%
Orient Electric Ltd. 1.44%
Consumer Non Durables 3.37%
Zydus Wellness Ltd. 2.15%
(Subsidiary of Cadila Healthcare Limited)
United Breweries Ltd. 1.22%
Entertainment 3.18%
Zee Entertainment Enterprises Ltd. 1.45%
PVR Ltd. 0.87%
Inox Leisure Ltd. 0.86%
Finance 9.24%
LIC Housing Finance Ltd. 2.30%
Cholamandalam Financial Holdings Ltd. 2.08%
Muthoot Finance Ltd. 1.74%
Cholamandalam Investment And Finance
Company Ltd. 1.67%
Jm Financial Ltd. 1.45%
Healthcare Services 7.10%
• Metropolis Healthcare Ltd. 3.48%
Fortis Healthcare Ltd. 2.56%
Syngene International Ltd. 1.06%
Industrial Products 3.73%
AIA Engineering Ltd. 1.94%
Cummins India Ltd. 1.79%
Insurance 5.53%
• Max Financial Services Ltd. 5.53%
Leisure Services 3.91%
• The Indian Hotels Company Ltd. 3.91%
Pharmaceuticals 2.32%
IPCA Laboratories Ltd. 1.39%
Sanofi India Ltd. 0.93%
Power 2.47%
Tata Power Company Ltd. 1.42%
CESC Ltd. 1.05%
Retailing 1.88%
Aditya Birla Fashion and Retail Ltd. 0.96%
Matrimony.com Ltd. 0.93%
Software 6.44%
• Persistent Systems Ltd. 2.95%
Mphasis Ltd. 2.14%
COFORGE Ltd. 1.34%
Telecom - Services 1.59%
Tata Communications Ltd. 1.59%
Transportation 1.30%
Gujarat Pipavav Port Ltd. 1.30%
Equity less than 1% of corpus 9.65%
Company/Issuer % to
NAV
Company/Issuer % to
NAV

27. 27
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Portfolio as on May 31, 2021
Short Term Debt and net current assets 5.47%
Total Net Assets 100.00%
ICICI Prudential Midcap Fund
(An open ended equity scheme predominantly investing in mid cap stocks.) Mid Cap Fund
Category
Top 10 Sectors
Company/Issuer % to
NAV
Riskometer
This Product is suitable for investors who
are seeking*:
• Long Term Wealth Creation
• An open-ended equity scheme that aims for
capital appreciation by investing in
diversified mid cap companies.
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
9.99%
8.52%
7.10%
6.44%
5.53%
5.50%
5.40%
5.24%
5.05%
4.50%
Finance
Banks
Healthcare Services
Software
Insurance
Cash,Cash Equivalents and Net Current Assets
Chemicals
Leisure Services
Capital Markets
Consumer Durables