Factsheet (November 2021) | ICICI Prudential Mutual Fund

2
INDEX
Category Description Page No
Fund Name
Economic Overview and Market Outlook 5-11
Equity Schemes
Hybrid Schemes
ICICI Prudential Equity & Debt Fund Aggressive An open ended hybrid scheme investing predominantly in equity and equity 38-39
Hybrid Fund related instruments
ICICI Prudential Equity Arbitrage Fund Arbitrage Fund An open ended scheme investing in arbitrage opportunities 40-41
ICICI Prudential Balanced Advantage Fund Dynamic Asset An open ended dynamic asset allocation fund 42-43
Allocation/Balanced
Advantage Fund
ICICI Prudential Equity Savings Fund Equity Savings An open ended scheme investing in equity, arbitrage and debt 44-45
Fund
ICICI Prudential Regular Savings Fund Conservative An open ended hybrid scheme investing predominantly in debt instruments 46-47
Hybrid Fund
ICICI Prudential Multi-Asset Fund Multi Asset An open ended scheme investing in multi assets 48
Allocation
ICICI Prudential Bluechip Fund Large Cap Fund An open ended equity scheme predominantly investing in large cap stocks 12
ICICI Prudential Flexicap Fund Flexi Cap An open ended dynamic equity scheme investing across large cap, mid cap & 13
small cap stocks
ICICI Prudential Large & Mid Cap Fund Large & Mid Cap An open ended equity scheme investing in both large cap and mid cap stocks 14
Fund
ICICI Prudential Multicap Fund Multicap Fund An open ended equity scheme investing across large cap, mid cap, small cap stocks 15
ICICI Prudential India Opportunities Fund Thematic An open ended equity scheme following special situations theme 16
ICICI Prudential Value Discovery Fund Value Fund An open ended equity scheme following a value investment strategy 17
ICICI Prudential Long Term Equity Fund Equity Linked An open Ended Equity Scheme with Tax Saving advantage 18
(Tax Saving) Savings Scheme
(ELSS)
ICICI Prudential Focused Equity Fund Focused Fund An open ended equity scheme investing in maximum 30 stocks 19
ICICI Prudential Dividend Yield Equity Fund Dividend Yield An open ended equity scheme predominantly investing in dividend yielding stocks 20
Fund
ICICI Prudential Midcap Fund Mid Cap Fund An open ended equity scheme predominantly investing in mid cap stocks 21
ICICI Prudential Smallcap Fund Small Cap Fund An open ended equity scheme predominantly investing in small cap stocks 22
ICICI Prudential Banking & Financial
Services Fund Sectoral An open ended equity scheme investing in banking & financial services sector 23
ICICI Prudential FMCG Fund Sectoral An open ended equity scheme investing in FMCG sector 24
ICICI Prudential Technology Fund Sectoral An open ended equity scheme investing in technology and related sectors 25
ICICI Prudential Business Cycle Fund Thematic An open ended equity scheme following business cycles based investing theme 26
ICICI Prudential ESG Fund Thematic (An open ended equity scheme investing in companies identified based on the 27
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. 28
ICICI Prudential Exports and Services Fund Thematic An open ended equity scheme following exports and services theme 29
ICICI Prudential Infrastructure Fund Thematic An open ended equity scheme following infrastructure theme 30
ICICI Prudential Manufacturing Fund Thematic An Open Ended Equity Scheme following manufacturing theme 31
ICICI Prudential MNC Fund Thematic An open ended Equity Scheme following MNC theme 32
ICICI Prudential Bharat Consumption Fund Thematic An open ended scheme investing in companies engaged in consumption and 33
consumption related activities.
ICICI Prudential Commodities Fund Thematic An open ended equity scheme investing primarily in commodities and commodity 34
related sectors.
ICICI Prudential US Bluechip Equity Fund Thematic An open ended equity scheme following bluechip companies listed in US 35-36
ICICI Prudential Quant Fund Thematic An open ended equity scheme following Quant based investing theme 37

3
Fund Name
INDEX
Fund Of Funds Schemes
Debt Schemes
ICICI Prudential Overnight Fund Overnight Fund An open ended debt scheme investing in overnight securities. 61
ICICI Prudential Liquid Fund Liquid Fund Investment in Debt and money market securities with maturity of upto 91 days only 62
ICICI Prudential Money Market Fund Money Market An open ended debt scheme investing in money market instruments 63
Fund
ICICI Prudential Ultra Short Term Fund Ultra Short An open ended debt scheme with Macaulay Duration between 3-6 months 64
Duration Fund
ICICI Prudential Savings Fund Low Duration Fund An open ended debt scheme with Macaulay Duration between 6 - 12 months 65
ICICI Prudential Floating Interest Fund Floater Fund An open ended debt scheme predominantly investing in floating rate instruments 66
ICICI Prudential Short Term Fund Short Duration An open ended debt scheme with Macaulay Duration between 1 – 3 years 67
Fund
ICICI Prudential Bond Fund Medium to Long An open ended debt scheme with Macaulay Duration between 4 – 7 years 68
Duration Fund
ICICI Prudential Corporate Bond Fund Corporate Bond An open ended debt scheme predominantly investing in AA+ or above rated 69
Fund securities.
ICICI Prudential Banking & PSU Debt Fund Banking & PSU An open ended debt scheme predominantly investing in Debt instruments of banks, 70
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. 71-72
ICICI Prudential Medium Term Bond Fund Medium Duration An open ended debt scheme with Macaulay Duration between 3 – 4 years 73
Fund
ICICI Prudential Long Term Bond Fund Long Duration An open ended debt scheme with Macaulay duration greater than 7 years 74
Fund
ICICI Prudential All Seasons Bond Fund Dynamic Bond An open ended dynamic debt scheme investing across duration 75
ICICI Prudential Gilt Fund Gilt Fund An open ended debt scheme investing in government securities across maturity 76
ICICI Prudential Constant Maturity Gilt Fund Gilt Fund with An open ended debt scheme investing in government securities having a 77
10-year Constant constant maturity of 10 Years
Duration
Solution Oriented Schemes
ICICI Prudential Child Care Fund (Gift Plan) Solution oriented Diversified Long Term Child Benefit Oriented Plan 78
scheme
ICICI Prudential Retirement Fund Solution Oriented An open ended Retirement Solution Oriented Scheme 79-82
Scheme
ICICI Prudential Thematic Advantage Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Sectoral/ 49
Thematic schemes.
ICICI Prudential Passive Strategy Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Units of domestic 50
Equity Exchange Traded Funds
ICICI Prudential India Equity FOF Other Scheme An Open ended Fund of Funds investing in units of equity oriented schemes. 51
ICICI Prudential BHARAT 22 FOF Other Scheme An open ended fund of funds scheme investing in BHARAT 22 ETF 52
ICICI Prudential Global Advantage Fund (FOF) Other Scheme An open ended Fund of Funds scheme predominantly investing in mutual fund 53
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 54
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, 55
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 56
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. 57
ICICI Prudential Regular Gold Savings Fund (FOF) Other Scheme An Open Ended Fund of Funds scheme investing in ICICI Prudential Gold ETF 58
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 59
ICICI Prudential Alpha Low Vol 30 ETF FOF Other Scheme An open ended fund of funds scheme investing in ICICI Prudential Alpha Low Vol 30 ETF 60

4
Fund Name
INDEX
Closed Ended Equity Schemes
Other Details
Index and ETFs Schemes
ICICI Prudential Bharat Consumption
Fund - Series 3 Closed Ended Equity scheme following Consumption Theme 110
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 113
Annexure For All Potential Risk Class 114-115
Annexure For All Benchmark Riskometer 116
Fund Details Annexure 117-123
Annexure for Returns of all the Schemes 124-134
Systematic Investment Plan (SIP) of Select Schemes 135-138
Performance of Select Schemes
Annexure - I 139
Annexure - II 140
IDCW History for all Schemes 140-145
Investment Objective of all the schemes 146-149
Schedule 1: One Liner Definitions 150
Schedule 2: How To Read Factsheet 151-152
Statutory Details & Risk Factors 152
ICICI Prudential Nifty 100 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Index 83
ICICI Prudential Nifty Index Fund Other Schemes (Index Fund) Nifty Index Fund 84
ICICI Prudential Nifty ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 50 Index 85
ICICI Prudential Nifty Low Vol 30 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Low Volatility 30 Index 86
ICICI Prudential Alpha Low Vol 30 ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Alpha Low-Volatility 30 Index 87
ICICI Prudential Nifty Next 50 Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating Nifty Next 50 Index 88
ICICI Prudential Sensex Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating S&P BSE SENSEX Index 89
ICICI Prudential NV20 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty50 Value 20 Index 90
ICICI Prudential Sensex ETF Other Schemes (ETF) An open ended Exchange Traded Fund tracking S&P BSE SENSEX Index 91
ICICI Prudential Midcap Select ETF Other Schemes (ETF) An open ended exchange traded fund tracking S&P BSE Midcap Select Index 92
ICICI Prudential Midcap 150 ETF Other Schemes (ETF) An open ended Index Exchange Traded Fund tracking Nifty Midcap 150 Index 93-94
BHARAT 22 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index 95
ICICI Prudential S&P BSE 500 ETF Other Schemes (ETF) An Open-ended Exchange Traded Fund replicating/tracking S&P BSE 500 Index 96
ICICI Prudential Nifty Next 50 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating/ tracking NIFTY Next 50 Index 97
ICICI Prudential Bank ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking NIFTY Bank Index. 98
ICICI Prudential Private Banks ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating / tracking NIFTY Private Bank Index 99
ICICI Prudential IT ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking Nifty IT Index 100
ICICI Prudential Liquid ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking S&P BSE Liquid Rate Index 101
ICICI Prudential Healthcare ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Healthcare Index 102
ICICI Prudential FMCG ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty FMCG Index 103
ICICI Prudential Consumption ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty India Consumption Index 104
ICICI Prudential PSU Bond plus 40:60 Other schemes (Index Fund) An open-ended target maturity Index Fund investing in the constituents of Nifty PSU 105
Index Fund Bond Plus SDL Sep 2027 40:60 Index.
ICICI Prudential NASDAQ 100 Index Fund Other schemes (Index Fund) An open ended index fund replicating NASDAQ-100 Index 106
ICICI Prudential Smallcap Index Fund Other schemes (Index Fund) An open ended equity scheme predominantly investing in small cap stocks 107-108
Gold Funds & ETFs
ICICI Prudential Gold ETF Other Schemes (ETF) An open ended exchange traded fund replicating domestic prices of gold 109

5
• TheUS'grossdomesticproduct(GDP)inthethirdquartergrewanannualised2.1%on-quarter,comparedwith6.7%inthesecondquarter
• EurozoneGDPinthethirdquarterexpanded3.7%on-yearcomparedwithrevisedgrowthof14.2%on-yearinthesecondquarter
• TheUK'sGDPgrowthinthethirdquarterdeceleratedto1.3%sequentiallyfrom5.5%expansioninthesecondquarter
• Japan'sGDPinthethirdquartercontracted3%onanannualisedbasis,comparedwithadownwardlyrevised1.5%expansioninthesecondquarter
(Source:CRISILResearch)
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 • The US Federal Reserve (Fed), in its November monetary policy meeting, decided to
keep its benchmark policy rate unchanged at 0-0.25%. However, it decided to start
reducing the $120 billion monthly bond buying programme by $15 billion a month,
beginninglaterinthemonth
• European Central Bank (ECB) President said that the Eurozone banking regulator must
not rush into a premature tightening when faced with passing or supply-driven
inflation shocks. She reiterated that the "conditions to raise interest rates are very
unlikelytobesatisfiedin2022."
• The People's Bank of China maintained its benchmark loan prime rates (LPRs) for the
18th consecutive month and kept one-year and five-year LPRs unchanged at 3.85%
and4.65%,respectively
• In its November monetary policy meeting, the Bank of England left its key interest
rates unchanged and also decided to continue with its monthly bond buying
programme
• TheBankofJapandidnotholdamonetarypolicymeetinginNovember.
Source:Financialnewswebsites
Source: Financial websites, Note: ^Euro zone interest rates are 0%, *Data as of Nov 2021
• US Treasury prices ended higher, with the yield on the 10-year paper settling at 1.44%
onNovember30comparedwith1.56%onOctober29
• Rising concerns about the spread of omicron, a new variant of coronavirus first
detected inBotswana,boosted prices asinvestorsscurriedtosafe-havengovernment
debt.
• A fall in housing starts data also supported the treasuries. In October, US housing
startsslid0.7%toanannualrateof1.52million
• However, fears of sooner-than-expected rate hike by the US Fed amid accelerating
inflation prevented any further rise in bond prices. In October, US consumer price index
rose0.9%afterrising0.4%inSeptember
• Yields also rose as corporates rushed to sell debt amid expectations of tighter liquidity
aheadoftheupcomingholidayseason
Source: Financial websites
Global Bond Yields
-34.0%
-24.0%
-14.0%
-4.0%
6.0%
16.0%
26.0%
36.0%
US Eurozone UK Japan
Annual
Growth
Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
6.0
5.0
6.8
2.4
5.6
5.2
6.9
1.8
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, October 2021
OCED Economic outlook, December 2021
US UK Japan Eurozone^
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
%
-1
0
1
2
3
30-Nov-19
29-Feb-20
31-May-20
31-Aug-20
30-Nov-20
28-Feb-21
31-May-21
31-Aug-21
30-Nov-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

6
ECONOMIC
OVERVIEW
India Growth
Growth trend Growth projections for this fiscal
Source:Mospi.nic.in,IMF,OECD
• India's GDP continued to grow for the fourth straight quarter in July-September (the second quarter of this fiscal), recording an 8.4% rate compared with 20.1% in April-June (the
firstquarter).
• Ingrossvalueadded(GVA)terms,theeconomygrew8.5%comparedwith18.8%inthepreviousquarter
• Theagriculturesectorgrew4.5%,sameasinthepreviousquarter
• Manufacturinggrew5.5%comparedwith49.6%inthepreviousquarterandmining15.4%comparedwith18.6%
• Theconstructionsectorgrew7.5%comparedwith68.3%andelectricityandotherpublicutilities8.9%vs14.3%
• CRISIL maintains its GDP growth forecast for India at 9.5% for this fiscal (vs earlier prediction of 11%), noting that while the economic recovery continues to gather momentum,
suggesting warning impact ofthe new variant ofCovid-19 ,the climb up willbe onlygradual. Even as exports and government capex do well, broad based support fromhousehold
consumptionandprivatecapexremainselusive.
Other Major Indicators
CPI-based inflation in October rose marginally to 4.48% on-year
from 4.35% in September
The growth in the Index of Industrial Production (IIP) eased to 3.1% on-year
in September, from a revised 12.0% growth in August.
Output of eight core sectors grew 7.5% on-year in October compared
with 4.5% in September due to encouraging performance by coal, natural
gas, refinery products and cement
Nikkei manufacturing Purchasing Managers' Index (PMI) in October
came in at 55.9 vs 53.7 in September and the services PMI surged to
58.4 from 55.2
Source:MOSPI,IHSMarkit
8.2 7.1 6.6 5.8 5.4 4.6 3.3 3.0
-24.4
-7.4
0.5 1.6
20.1
8.4
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
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
Q1:
FY
2021-22
Q2:
FY
2021-22
Quarterly
GDP
-
Annualized
(%)
9.5 9.4
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
IMF World Economic Outlook, October
2021 update
OCED Economic outlook, December
2021
4.48
-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
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
Jul-21
Oct-21
Real
Interest
rate
(%)
CPI
&
10
year
G
sec
yield
%
Real interest rate (RHS) CPI Inflation (LHS) 10-year G-sec yield (LHS)
3.1
-80
-60
-40
-20
0
20
40
60
80
100
120
140
160
Sep-19
Nov-19
Jan-20
Mar-20
May-20
Jul-20
Sep-20
Nov-20
Jan-21
Mar-21
May-21
Jul-21
Sep-21
Y-o-Y
growth
(%)
-0.5 -1.1
0.4
1.3
-3.3
12.6
62.6
16.4
9.4 9.9
11.5
4.5 7.5
-50.00
-30.00
-10.00
10.00
30.00
50.00
70.00
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Core
sector
growth
(%)
58.9
56.3
56.4
57.7
57.5
55.4
55.5
50.8
48.1
55.3
52.3
53.7
55.9
54.1
53.7
52.3
52.8
55.3
54.6
54
46.4
41.2
45.4
56.7
55.2
58.4
-10
0
10
20
30
40
50
60
70
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Purchasing Managers' Index (PMI)
Manufacturing PMI Services PMI

7
ECONOMIC
OVERVIEW
Indicators Oct-21 Sep-21 Aug-21 Jul-21 Jun-21 May-21
Source:TheReserveBankofIndia(RBI),OfficeoftheEconomicAdvisor,DirectorateGeneralofCivilAviation(DGCA),CRISILResearch,Financialwebsites
Boxesshadedgreendenotethebestvalue,whilethosesharedredindicatetheworstvalue
Economic indicators' heat map
Industrial Sector
Consumer Economy
Ease of Living
Inflation
Deficit Statistic
GST
Dates Events
Source:Financialwebsites
December 1, 2021
Key economic events in December
India Markit Manufacturing PMI, October
US Non-farm Payrolls, November
China Caixin Services PMI, November
Eurozone IHS Markit Consumer PMI, November
Eurozone GDP Q3
Japan GDP Q3
India RBI policy review
China consumer prices, November
US Consumer Prices, November
India manufacturing output, October
India CPI inflation, November
India WPI inflation, November
UK Consumer Prices, November
UK BOE Bank Rate, December
US GDP, Q3 2021
UK GDP, Q3 2021
China Official Manufacturing PMI, December
December 22, 2021
December 7, 2021
December 10, 2021
December 14, 2021
December 15, 2021
December 6, 2021
December 8, 2021
December 3, 2021
December 9, 2021
December 31, 2021
Manufacturing PMI 55.9 53.7 52.3 55.3 48.1 50.8
Infra - core 7.5% 4.5% 11.5% 9.9% 9.4% 16.4%
Rail freight traffic (loading in million tonne) 117.3 106.0 110.6 112.7 112.6 114.7
Rail passenger traffic (in million) 344.4 294.5 256.0 191.9 142.1 86.1
Passenger vehicle sales in thousands 226.4 188.3 232.2 264.4 253.3 88.0
Two-wheeler sales in thousands 1541.6 1528.5 1331.4 1253.9 1055.8 352.7
Tractor sales in thousands 115.6 92.5 53.7 65.2 110.4 55.6
Domestic air passenger traffic in thousands 8985.0 7066.0 6701.0 5007.0 3113.0 2115.0
Consumer Price Index (agricultural labourers) NA 1067.0 1066.0 1061.0 1057.0 1049.0
Consumer Confidence Index NA 57.7 NA 48.6 NA 48.5
CPI inflation, % y/y 4.5% 4.4% 5.3% 5.6% 6.3% 6.3%
WPI inflation, % y/y 12.5% 10.7% 11.6% 11.6% 12.1% 13.1%
Trade balance, $ billion -19.7 -22.6 -13.8 -11.0 -9.4 -6.3
Fiscal deficit (Rs billion) 5470.3 5268.5 4680.1 3211.4 2742.5 1231.7
GST collections (Rs billion) 1301.3 1170.1 1120.2 1163.9 928.5 1027.1
December 13, 2021
December 16, 2021

8
MARKET
REVIEW
India Equity Market Performance
Index performance Institutional flows
Source:NSE,BSE,SEBI,NSDL *DatatillNovember29,2021
• The S&P BSE Sensex and Nifty 50 lost nearly 4% in November tracking weak global cues including global inflationary pressure and rising Covid-19 cases in
EuropeandSouthAfrica.
• The market fell sharply after inflation in the US, Eurozone and the UK accelerated in October. US Consumer Price Index surged 6.2% on-year in October,
comparedwitha5.4%riseinSeptember.InvestorsfearedtheFedmaysoonstartraisingratesafterUSinflationacceleratedtoamorethan30-year-highonan
annualbasisinOctober
• The US Fed, in its monetary policy meeting, decided to cut its bond buying programme by $15 billion a month. The meeting minutes showed several members
wereinfavourofspeedingupthetaperingofquantitativeeasingandpossiblyraisinginterestratessoon,citingsurginginflation
• Also, domestically too, inflation accelerated, raising concerns among investors it may prompt the central bank to hike rates sooner than expected. India's
retailinflationrosemarginallyto4.48%on-yearinOctoberfrom4.35%inSeptember
• Further, a fall in India's factory output also dented investors' sentiments. The growth in the country's IIP eased to 3.1% on-year in September, from a revised
12.0%inAugust
• Rising Covid-19 cases in Europe added to the weak sentiment in the market. Concerns of another wave of infections raised fears of lockdowns in Europe.
Investors were afraid restrictions may be enforced beyond the continent after nationwide lockdown was announced in Germany and Austria. The emergence
thenewcoronavirusvariantalsoweighedonmarketsentiments
• Selling by foreign institutional investors (FIIs) also weighed on the markets. FIIs sold Rs 59.5 billion equities in November compared with net selling of Rs
135.5billioninOctober.
• However, some losses were trimmed on optimism over strong quarterly earnings and encouraging domestic economic data. Investors continued to be
buoyedbythestrongGSTcollectionandservicesactivitynumbers
• GST collection in October surged to Rs 1.3 trillion, the second highest since the tax regime came into force in 2017. Also, IHS Markit's manufacturing PMI for
Indiaexpandedto55.9inOctoberfrom53.7inSeptember
• OptimismabouthigherforeigninflowsafterinclusionofafewIndianstocksintheMSCIIndiaIndexalsoliftedmarketsentiment
• Persistent buying by domestic institutional investors (DIIs) and mutual funds also buoyed the market. DIIs bought equities worth Rs 305.6 billion in November
compared with Rs 44.7 billion in October. As of November 29, mutual funds bought equities worth Rs 194.4 billion, compared with Rs 58.6 billion in the last
month.
• Most S&P BSE sectoral indices ended in the negative territory in November, with metal, banking and PSU counters losing the most. The S&P BSE Metal fell
9.0%,S&PBSEBankex8.7%andS&PBSEPSU5.6%.TheS&PBSEITrose2.7%andS&PBSEHealthcare1.9%.
-3.78%
-3.90%
2.71%
2.66%
1.87%
0.82%
-0.16%
-0.27%
-2.24%
-2.33%
-3.53%
-4.65%
-5.32%
-5.59%
-8.67%
-8.99%
29%
31%
54%
59%
26%
58%
66%
59%
17%
46%
32%
84%
19%
54%
20%
78%
-50.00% 0.00% 50.00% 100.00% 150.00% 200.00%
S&P BSE Sensex
Nifty 50
S&P BSE Teck
S&P BSE IT
S&P BSE Healthcare
S&P BSE Capital goods
S&P BSE SmallCap
S&P BSE Consumer durables
S&P BSE FMCG
S&P BSE MidCap
S&P BSE Oil & Gas
S&P BSE Realty
S&P BSE Auto
S&P BSE PSU
S&P BSE Bankex
S&P BSE Metal
1 year returns % 1 month returns %
-600
-400
-200
0
200
400
600
800
Oct-20
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Net
flows
in
Rs
billion
FIIs, DIIs and MFs flows
FII - Equity Investment DII- Equity Investment
MF Flows - Equity Investment*

9
Indian markets ended the month on a weak note amid concerns over a new coronavirus variant. The S&P BSE Sensex and Nifty 50 fell nearly 4% each, their biggest monthly loss since March 2020. The poor
listingofIndia'smajortechgiantdampenedinvestorsentimentsintheinitialpublicofferingsspace.(BSEandNSE)
The dollar index rallied and hit a 16-month high, resulting in setbacks for emerging markets like India which continued to witness FII outflows in Nov 2021 (-$0.8bn). DIIs, however, continued to support the
marketandrampedupbuyingto~$4.1bnwithdecentparticipationfromboththeMFsandInsurancecompanies.(CitiResearch)
Globally, almost all markets ended in red except Taiwan (+2.6%), Philippines (+2.1%), US SPX (+1.1%) and Shanghai (+0.5%). Russia posted the biggest loss, falling 10.7% in the month, followed by Hong
Kong(-7.5%)andSingapore(-4.9%).(KotakResearch)
The recent correction can be pegged to uncertainty over the impact of the new Omicron COVID-19 variant. Supply-chain pressures seem to be easing and should allow equities to continue to deliver strong
revenuegrowthandrecordmargins.(J.P.Morgan)
Sector-wise, metals, banks, auto and realty stocks which are more related to economic activity were under pressure due to concern around new variant, whereas defensives like power, information technology
andhealthcaredeliveredpositivereturns.BSEPowerindexhasoutperformedothersyear-to-datewith67.6%returnsasonNov30,2021.(BSEandNSE)
India'sGDPfortheJuly-Sep2021quarterrecordedgrowthof8.4%,surpassingmarketexpectations.TheGDPhadgrown20.1%inApril-June2021quarter.(Source:CRISILResearch)
Rising input prices led consumer-oriented companies to hike prices in FMCG goods and consumer non-durables. In Auto sector, barring commercial vehicles, others witnessed a de-growth in volumes. On the
flipside,theworstofthechipshortagelookstobebehindus,andproductionshouldgraduallyimprove,goingahead.Also,thefallincrudepricesandcutinexciseduty/VATwillimprovesentiments.Ratehikesby
telecomcompaniesarealsoapositiveforthesector.
We believe Indian markets performance will be influenced by the following factors: 1. Risks posed by the Omicron variant of Covid-19 virus 2. Foreign investment flows 3. Extent of weakening in the rupee 4.
FOMCmeetingandtrajectoryoftapering
Other key developments include: (1) Government repealed three farm laws. (2) Several countries imposed fresh restrictions/lockdowns amid rising cases (3) the minutes of the FOMC's November meeting
highlighted readiness of the Fed to tackle rising inflation. Also, the Fed has tapered monthly asset purchases to $105 billion from $120 billion (4) Fitch Ratings kept India's sovereign rating unchanged at 'BBB-' --
thelowestinvestmentgraderating--withanegativeoutlook.
Ourviewgoingforward:
• Long-termviewonequityremainspositive,howeverthemedium-termviewhasturnedcautiousduetovaluationsmovinghigher.
• Broadmarketvaluationsarenotcheap.
• Therearefewpocketsacrosssectorswhicharestillreasonablyvalued.
• Weremainpositiveonsectors/themeslikeOil&Gas,Construction,Banks,Auto,PharmaandPSUcompanies,wherethevaluation,earningsordividendyieldremainsattractive.
• Intermsoftrigger,wewouldcontinuetomonitorUS10YeartreasuryyieldandUSFedroadmapforwithdrawalofstimulus.
• Sentimentsremainshighandincertainareasappearstobeeuphoric.
Hence, to summarize, we believe 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 -Asset Allocation Strategy (ICICI Prudential Asset Allocator Fund (FOF)) & Multi
Asset Strategy (ICICI Prudential Multi-Asset Fund), B - ICICI Prudential Balanced Advantage Fund, C - ICICI Prudential Business Cycle Fund, D - Strategy which is available at Discount to broader markets - ICICI
PrudentialFocusedEquityFundandICICIPrudentialValueDiscoveryFund.Investingintheseschemesoverlongtermmayprovideathrusttoyourwealthcreationjourney
EQUITY
MARKET
OUTLOOK
MARKET
OUTLOOK
Equity Market Outlook
The below table acts as a guide for investors who are either over invested or have a balanced exposure or are under invested in Equity
Our Recommendations
Overweight Equity Balanced Exposure Underweight Equity
What should you do? Book partial profits Remain invested
Invest in Asset Allocation Scheme or
equity scheme with flexibility
Which Schemes to invest?
Move partial profits to Hybrid/Fund of Fund
schemes.
RecommendedSchemes:
1.ICICIPrudentialBalancedAdvantageFund
2.ICICIPrudentialAssetAllocatorFund(FOF)
3.ICICIPrudentialMulti-AssetFund
4.ICICIPrudentialEquitySavingsFund
Continue investing in hybrid/Fund of Fund
schemes
RecommendedSchemes:
1.ICICIPrudentialMultiAssetFund
3.ICICIPrudentialBalancedAdvantageFund
2.ICICIPrudentialAssetAllocatorFund(FOF)
Invest in equity scheme with higher flexibility
of investing across market caps, themes,
sectorsetc*
RecommendedSchemes:
1.ICICIPrudentialFlexicapFund
2.ICICIPrudentialBusinessCycleFund
3.ICICIPrudentialValueDiscoveryFund
4.ICICIPrudentialFocusedEquityFund
5.ICICIPrudentialMNCFund
Plan of action for SIP/ STP Continue SIP/STP as the long term view remains intact, we recommend ICICI Prudential Freedom SIP* and ICICI Prudential Booster STP*
*The investment Strategy and allocation will be as per the Scheme Information Document. You may refer to our "Markets at 60000 level" file released in September 2021 for detailed basis for "our
recommendation",byclickingonthelink: https://www.icicipruamc.com/downloads/market-outlook/Marketat60000level:OurViewandrecommendation
Equity Valuation Index
Equity Valuation Index
50
70
90
110
130
150
170
Nov-05
Nov-06
Nov-07
Nov-08
Nov-09
Nov-10
Nov-11
Nov-12
Nov-13
Nov-14
Nov-15
Nov-16
Nov-17
Nov-18
Nov-19
Nov-20
Nov-21
Aggressively Invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
126.7
Invest in Equities

10
Indian gold price closed at Rs 48,101 per 10 grams on November 30, up
0.3% from Rs 47,975 on October 29
Bank deposit grew 11.7% and credit 7% on-year in November*,
compared with 10.2% and 6.5% in October, respectively
Rupee declined 0.3% to settle at Rs 75.13 against the dollar on November
30 from Rs 74.87 on October 29
MARKET
REVIEW
India's Debt Market Performance
Money market
Datasource-RBI,mospi.nic.in,CRISILFixedIncomeDatabase,
CP-commercialpaper,CD-certificatesofdeposit,CB-corporatebond,*weightedaverageyield
Money market
Tenure CD Change CP Change
1M 3.55 7 3.85 -50
3M 3.60 -9 3.94 -36
6M 4.10 10 4.55 -5
12M 4.44 9 4.85 5
Bond market
Liquidity in the banking system
Source:RBI
• Interbank call money rates remained below the RBI's repo rate of 4% in November amid
surplusliquidityinthesystem
• Noting the liquidity conditions, the RBI conducted several variable rate reverse repo auctions
duringthemonthtoprovideopportunitiesformarketparticipantstoparktheiridlecash
• Gilts ended higher in November, with the yield on the 10-year benchmark 6.10% 2031 paper
settlingat6.33%onNovember30comparedwith6.39%onOctober29
• EarlieracutinfueltaxbytheCentreeasedinflationconcernsandboostedmarketsentiments
• Firm demand for dated securities seen in weekly gilt sales and comfortable liquidity
conditionsalsoprovidedpositivecuesforthemarket
• A fall in both US bond yields and crude price, following the detection of the new coronavirus
variantthatraisedfearsofdisruptioninglobaleconomicgrowth,supportedIndiangilts
• However, an intermittent uptick in crude oil price and US benchmark treasury yields, and
supplypressurefromsomeweeklygiltsaleslimitedtheupsidetobondprices
• Data showing retail inflation accelerating marginally to 4.48% on-year in October from 4.35%
on-yearinSeptemberalsoweighedonthepricestoacertainextent
Tenure G-Sec* Change AAACB Change
1Y 4.26 -2 4.60 10
3Y 5.08 -4 5.40 0
5Y 5.70 -15 6.12 -3
10Y 6.33 -6 6.90 -7
Corporate bond spreads
G-secandcorporatebondsdataasofNovember30
*WeightedaverageyieldsforG-secdata
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.84% GS 2022; 3 year G-Sec: 6.18% GS 2024; 5
yearG-Sec:6.97%GS2026;10yearG-Sec:6.10%GS2031
Tenure 6M 1Y 2Y 3Y 5Y 7Y 10Y
AAA 0.59 0.65 0.14 0.25 0.34 0.64 0.47
AA+ 1.80 1.86 1.35 1.46 2.06 2.36 2.19
AA 2.90 2.96 2.45 2.56 3.16 3.46 3.29
AA- 3.74 3.80 3.29 3.40 4.00 4.30 4.13
A+ 4.69 4.75 4.24 4.35 4.95 5.25 5.08
A 5.37 5.43 4.92 5.03 5.63 5.93 5.76
A- 5.55 5.61 5.10 5.21 5.81 6.11 5.94
Other Market Indicators
*DataasofNovember5,2021
Brent crude price fell nearly 16.4% to close at $70.57 per barrel on
November 30 as against $84.38 a month back
Source: RBI, IBJA, financial websites
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
4000
30-Nov-16
30-Nov-17
30-Nov-18
30-Nov-19
30-Nov-20
30-Nov-21
Banking
liquidity
(INR
billion)
60.00
65.00
70.00
75.00
80.00
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Nov-21
Rupees per unit of $
Rupee
per
unit
of
$
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
13.0%
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Y-oY
growth
(%)
Deposits growth Credit growth
10
30
50
70
90
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Nov-21
Oil
Price
($
per
barrel)
Oil Price ($ per barrel)
20000
30000
40000
50000
60000
Nov-16
May-17
Nov-17
May-18
Nov-18
May-19
Nov-19
May-20
Nov-20
May-21
Nov-21
Indian
gold
prices
per
10
gms
Indian Gold prices per 10 grams

11
G-sec yields lowered slightly after going-up for two straight months. The benchmark 10-year G-sec ended lower at 6.33% on Nov 30, 2021 from 6.39% in the previous month. But the shorter end of
theyieldcurveeitherendedflatorabithighercomparedtothepreviousmonth,resultinginmoderationoftermpremium.
Corporate yields on the higher duration side also softened with the 10-year AAA bond yield closing at 6.90% on Nov 30, 2021 compared to 6.97% in the previous month. Spread assets also
benefittedfromfallingyieldswiththe10-yearAA-bondclosingat9.72%onNov30,2021comparedto9.93%amonthago.
Interbank call money rates remained below the RBI's repo rate of 4% in November amid surplus liquidity in the system. Widening its tools to bring down excess liquidity, the RBI absorbed a total Rs
1lakhcrorein2auctionsofthenew28-dayVRRR.Thisisinadditiontothe7-dayand15-dayVRRRitusestoabsorbexcessbankingliquidityandguideshortterminterestratestoitspolicyrate.
Floating rate bonds saw an increase in supply as the RBI conducted switch auctions of maturing g-secs. FRBs were trading at a high carry over its benchmark 6-month T-bill as on November-end,
offeringenoughprotectionfromthemark-to-marketimpactofvolatilityseenintheshort-endoftheyieldcurve.
India's GDP for the July-Sep 2021 quarter recorded growth of 8.4%, surpassing market expectations. The GDP had grown 20.1% in April-June 2021 quarter. There was a slowdown in industrial
outputasindicatedbytheIndexofIndustrialProduction(IIP)whichgrewonly3.1%year-on-yearinSeptember2021,aseven-monthlow.(Source:MoSPI)
Headline consumer prices rose 4.48% year-on-year (YoY) in October 2021 mainly due to a sharp 14.35% rise in fuel & light. Inflation rate has remained within the RBI's comfort range of 2%-6%.
Wholesalepricesgrew12.5%YoYinOctober.(Source:MoSPI)
Fall in crude prices (~16% m-o-m) will likely cool down soaring inflation and would give some headroom to RBI for maintaining accommodative stance. However, a weakening rupee in the light of
higheroutflowsbyforeigninvestorscouldoffsetloweroilpricesandkeepinflationfearsup.(Source:Bloomberg)
We believe the economy will continue to revive, supported by ebbing of infections, the robust pace of vaccination, Govt's focus on capital expenditure, supportive monetary and fiscal measures
andbuoyantexternaldemand.Butincreasingvolatilityintheshorter-endoftheyieldcurvewarrantsamoreactivedurationstrategytosailthroughrisinginterestrates.
Also, as communicated earlier, 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). It may be an opportune time to invest in floating rate bond in this interest rate scenario to hedge interest rate
volatility.
In the coming year, 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.
Fixed
Income
Outlook
MARKET
OUTLOOK
Fixed Income Outlook And Valuation Index:
Debt Valuation Index
Debt Valuation Index for Duration Risk Management
1.7
0
1
2
3
4
5
6
7
8
9
10
Nov-18 Jan-19 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 May-21 Jul-21 Sep-21 Nov-21
Very Cautious
Cautious
Moderate
Aggressive
Highly Aggressive

12
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.TotalSchemesmanagedbytheFundManageris5(4arejointlymanaged).
Mr. Vaibhav Dusad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 3 (2 are jointly managed). Refer annexure from page no. 124 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 November 30, 2021
1 Year 3 Years 5 Years Since inception
Particulars
46.65 40.02
Scheme
Nifty 100 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on November 30,2021 : 63.74)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
31.09
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on November 30, 2021
Fund Details
Monthly AAUM as on 30-Nov-21 : Rs. 31,385.52 crores
Closing AUM as on 30-Nov-21 : Rs. 30,122.25 crores `
Fund Managers** :
Anish Tawakley (Managing this fund since Sep, 2018
& Overall 26 years of experience)
Rajat Chandak (Managing this fund since Jul, 2017
Mr. Vaibhav Dusad (Managing this fund since Jan, 2021
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 : 1.09% p. a.
36.29 13663.45 16.77 15927.04 15.43 20501.77 14.67 63740.00
33.15 13346.86 17.22 16114.61 16.75 21697.75 11.41 43158.23
32.19 13249.14 17.38 16181.64 17.04 21968.30 10.88 40442.81
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.41%
**In addition to the fund manager managing this fund, overseas investment is managed by Ms.
PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive
propertyandaservicemarkofMSCIInc.(“MSCI”)andStandard&Poor’sFinancialServicesLLC
(“S&P”) and is licensed for use by ICICI Prudential Asset Management Company Ltd. Neither
MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS
classificationsmakesanyexpressorimpliedwarrantiesorrepresentationswithrespecttosuch
standard or classification (or the results to be obtained by the use thereof), and all such parties
hereby expressly disclaim all warranties of originality, accuracy, completeness,
merchantability and fitness for a particular purpose with respect to any of such standard or
classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their
affiliates or any third party involved in making or compiling the GICS or any GICS classifications
have any liability for any direct, indirect, special, punitive, consequential or any other damages
(includinglostprofits)evenifnotifiedofthepossibilityofsuchdamages.
Refer page no 117 to 123 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 140 to 145, For SIP Returns : Refer page no. from 135 to
138,ForInvestmentObjective:Referpageno.from146to149
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 :
NAV (As on 30-Nov-21): Growth Option : 63.74 IDCW Option : 26.56 Direct Plan Growth Option : 68.51 Direct Plan IDCW Option : 43.93 `
` `
`
` `
`
Average P/E :
35.96
Average P/B :
5.83
Average
Dividend Yield :
1.01
Std Dev
(Annualised) :
20.69%
Sharpe Ratio :
0.70
Portfolio Beta :
0.96
Annual Portfolio Turnover Ratio :
Equity - 0.21 times
Top 10 Sectors
Company/Issuer % to % to NAV
NAV Derivatives
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 95.76% -3.24%
Auto 6.43% -0.43%
• Maruti Suzuki India Ltd. 3.37%
TVS Motor Company Ltd. 2.46% -0.43%
Tata Motors Ltd. - DVR 0.60%
Banks 24.64%
• ICICI Bank Ltd. 9.44%
• HDFC Bank Ltd. 8.12%
• Axis Bank Ltd. 5.09%
Kotak Mahindra Bank Ltd. 1.20%
State Bank Of India 0.78%
Cement & Cement Products 2.17%
Grasim Industries Ltd. 1.27%
Ultratech Cement Ltd. 0.91%
Construction Project 5.19%
• Larsen & Toubro Ltd. 5.19%
Consumer Non Durables 3.60%
ITC Ltd. 1.68%
United Breweries Ltd. 1.25%
Procter & Gamble Hygiene and Health Care
Ltd. 0.67%
Ferrous Metals 0.62%
Tata Steel Ltd. 0.62%
Finance 4.95%
• HDFC Ltd. 4.95%
Insurance 2.90%
SBI Life Insurance Company Ltd. 2.90%
Non - Ferrous Metals 1.53%
Hindalco Industries Ltd. 1.53%
Oil 1.31%
Oil & Natural Gas Corporation Ltd. 1.31%
Petroleum Products 7.73%
• Reliance Industries Ltd. 6.44%
Bharat Petroleum Corporation Ltd. 1.29%
Pharmaceuticals 4.05%
Sun Pharmaceutical Industries Ltd. 1.79%
Cipla Ltd. 1.48%
Lupin Ltd. 0.78%
Power 1.43%
NTPC Ltd. 1.43%
Retailing 2.04%
Avenue Supermarts Ltd. 2.04%
Software 12.07%
• Infosys Ltd. 6.89%
• HCL Technologies Ltd. 2.99%
Tech Mahindra Ltd. 2.19%
Telecom - Services 5.62%
• Bharti Airtel Ltd. 5.62%
Foreign Equity 0.55%
Index Futures/Options -2.81%
Nifty 50 Index - Futures -2.81%
Treasury Bills 0.51%
364 Days Treasury Bill 2022 SOV 0.25%
Equity less than 1% of corpus 9.50%
Short Term Debt and net current assets 6.96%
Total Net Assets 100.00%
Scheme
*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
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty 100 TRI)
This Product is suitable for investors who are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme predominantly investing in large cap stocks.
Benchmark riskometer is at
Very High risk.
25.07%
12.42%
7.78%
7.73%
5.62%
5.53%
5.33%
5.19%
3.93%
3.86%
Banks
Software
Auto
Petroleum Products
Telecom - Services
Finance
Pharmaceuticals
Construction Project
Insurance
Consumer Non Durables

13
^ Value Less than 0.01% of NAV in absolute terms.
ICICI Prudential Flexicap Fund
(An open ended dynamic equity scheme investing across large cap, mid cap & small cap stocks)
Flexi Cap
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.
Refer page no 117 to 123 for details on option, entry load, SWP, STP/Flex STP/Value
STP & minimum redemption amount pertaining to the scheme.
ForIDCWHistory:Referpageno.from140to145,ForSIPReturns:Referpageno.from
135to138,ForInvestmentObjective:Referpageno.from146to149
Benchmark
S&P BSE 500 TRI
Average P/E :
31.86
Average P/B :
6.45
Average
Dividend Yield :
0.77
Style Box
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Fund Details
Fund Managers** :
Rajat Chandak
(Managing this fund since July, 2021
Inception/Allotment date: 17-Jul-21
NAV (As on 30-Nov-21): Growth Option : 10.51 IDCW Option : 10.51 Direct Plan Growth Option : 10.57 Direct Plan IDCW Option : 10.57
Rs. 5,000/- (plus in multiple of Re. 1)
Rs.1,000/- (plus in multiple of Re.1)
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option:
• 1% of applicable Net Asset Value -If the amountsought to be redeemed or
switch out within 12 months from allotment.
• Nil-If the amount sought to be redeemed or switched out more than 12
months.
The Trustees shall have a right to prescribe or modify the exit load structure with
prospective effect subject to a maximum prescribed under the Regulations.
Other : 1.76% p. a.
`
` `
`
` `
`
Top 10 Sectors
Auto 9.51% 1.29%
• Mahindra & Mahindra Ltd. 5.89%
TVS Motor Company Ltd. 2.27% 1.29%
Maruti Suzuki India Ltd. 1.34%
Auto Ancillaries 3.44%
Motherson Sumi Systems Ltd. 2.39%
Sundaram Clayton Ltd. 1.04%
Banks 16.09%
Chemicals 1.08%
Chemplast Sanmar Ltd 1.08%
Construction 1.12%
The Phoenix Mills Ltd. 1.12%
Consumer Durables 1.59%
Bajaj Electricals Ltd. 1.59%
Britannia Industries Ltd. 2.64%
United Spirits Ltd. 1.13%
Finance 3.49%
HDFC Ltd. 2.55%
SBI Cards & Payment Services Ltd. 0.95%
Gas 0.94%
Indraprastha Gas Ltd. 0.94%
Industrial Products 1.54%
Polycab India Ltd. 1.54%
Insurance 4.56%
• SBI Life Insurance Company Ltd. 3.49%
ICICI Lombard General Insurance Company
Ltd. 1.07%
Oil 1.01%
Oil & Natural Gas Corporation Ltd. 1.01%
Retailing 2.34%
Avenue Supermarts Ltd. 1.40%
(D-Mart)
Trent Ltd. 0.94%
Software 8.46%
Tata Consultancy Services Ltd. 0.96%
Index Futures/Options -7.28%
Mahindra & Mahindra Ltd. - Futures ^
HDFC Bank Ltd. - Futures ^
SBI Life Insurance Company Ltd. - Futures ^
NAV Derivatives
Equity - 0.07 times
Scheme
Benchmark
Riskometer
(S&P BSE 500 TRI)
• Longtermwealthcreation
• An open ended dynamic equity scheme investing across large cap, mid cap
andsmallcapstocks
Very High risk.
NAV Derivatives
Britannia Industries Ltd. - Futures ^
HDFC Ltd. - Futures ^
Nifty 50 Index - Futures -7.27%
16.12%
10.80%
9.54%
7.27%
5.43%
4.75%
4.51%
4.44%
4.26%
4.12%
Banks
Auto
Software
Derivatives
Insurance
Cash,Cash Equivalents and Net Current Assets
Telecom - Services
Petroleum Products
Finance
Auto Ancillaries

14
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLarge&MidCapFund.
2. The scheme is currently managed by Parag Thakkar. Mr. Parag Thakkar has been managing this fund since June 2021. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed). Refer annexure
frompageno.124forperformanceofotherschemescurrentlymanagedbyParagThakkar.
3. Dateofinception:09-Jul-98.
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 November 30, 2021
Particulars
346.17 309.21
Scheme
Nifty LargeMidcap 250 TRI (Benchmark)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
262.74
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Fund Details
Fund Managers** :
Parag Thakkar
(Managing this fund since June, 2021 &
Overall 16 years of experience)
Inception/Allotment date: 09-Jul-98 Exit load for Redemption / Switch
Within 1 month from allotment - 1% of
applicable NAV, more than 1 month - Nil
(w.e.f. 1st Jan 2019)
Other : 2.14% p. a.
49.71 15020.65 18.90 16816.08 14.62 19790.29 18.39 519970.00
42.16 14256.94 20.16 17357.35 17.47 22376.17 14.62 244150.96
32.19 13249.14 17.38 16181.64 17.04 21968.30 14.53 239700.58
managedbyMs.PriyankaKhandelwal.
Referpageno117to123fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
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
Rs.5,000 (plus in multiples of Re.1)
` `
`
` `
`
Average P/E :
27.06
Average P/B :
4.22
Average
Dividend Yield :
1.12
Std Dev
(Annualised) :
24.02%
Sharpe Ratio :
0.71
Portfolio Beta :
1.02
Equity - 1.02 times
•Top Ten Holdings
@Short Term < 8 Years, Long Term > 8 Years.
Top 10 Sectors
Company/Issuer Rating % to % to NAV
NAV Derivatives
NAV Derivatives
Equity Shares 97.37% 1.38%
Auto 4.19%
Ashok Leyland Ltd. 1.56%
TVS Motor Company Ltd. 1.16%
Banks 20.25% 1.38%
• The Federal Bank Ltd. 3.57% 1.38%
• State Bank Of India 2.74%
Axis Bank Ltd. 2.57%
City Union Bank Ltd. 1.53%
ACC Ltd. 1.01%
Construction 1.91%
Zydus Wellness Ltd. (Subsidiary of Cadila
Healthcare Limited) 1.35%
ITC Ltd. 1.31%
Finance 6.46%
Cholamandalam Financial Holdings Ltd. 2.71%
Mahindra & Mahindra Financial Services Ltd. 1.36%
LIC Housing Finance Ltd. 1.23%
Sundaram Finance Ltd. 1.16%
Cummins India Ltd. 1.75%
Bharat Forge Ltd. 1.27%
AIA Engineering Ltd. 1.26%
Insurance 4.52%
Max Financial Services Ltd. 1.09%
Ltd. 0.97%
Leisure Services 1.26%
The Indian Hotels Company Ltd. 1.26%
• Hindalco Industries Ltd. 2.90%
Oil 3.29%
• Oil & Natural Gas Corporation Ltd. 3.29%
IPCA Laboratories Ltd. 1.55%
Power 8.25%
• NTPC Ltd. 6.15%
CESC Ltd. 2.09%
Software 8.32%
Mphasis Ltd. 1.09%
Tata Communications Ltd. 2.72%
Transportation 1.81%
Container Corporation Of India Ltd. 1.81%
Government Securities -
@
Short Term 0.14%
08.20% GOI 2022 SOV 0.14%
Scheme
Benchmark
Riskometer
(Nifty LargeMidcap 250 TRI)
• LongTermWealthCreation
• Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.
Very High risk.
21.63%
13.05%
8.32%
8.25%
6.95%
5.26%
4.91%
4.65%
4.28%
3.87%
Banks
Telecom - Services
Software
Power
Finance
Pharmaceuticals
Auto
Insurance
Industrial Products
Oil

15
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialMulticapFund.
2. The scheme is currently managed by Prakash Gaurav Goel. Mr. Prakash Gaurav Goel has been managing this fund since July 2021. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed).
Referannexurefrompageno.124forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
3. Dateofinception:01-Oct-94
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 November 30, 2021
Particulars
303.42 278.84
Scheme
Nifty500 Multicap 50:25:25 TRI (Benchmark)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
224.55
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Fund Details
Fund Managers** :
Prakash Gaurav Goel
(Managing this fund since July, 2021 &
Inception/Allotment date: 01-Oct-94 Exit load for Redemption / Switch
Up to 12 Months from allotment - 1% of
applicable NAV, More than 12 Months - Nil
(w.e.f. 24 August, 2018)
Other : 2.00% p. a.
43.38 14380.40 16.08 15648.04 14.20 19431.31 14.90 436330.00
45.67 14611.77 20.83 17650.49 18.44 23320.87 NA NA
32.19 13249.14 17.38 16181.64 17.04 21968.30 11.18 178503.60
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
` `
`
` `
`
Average P/E :
26.36
Average P/B :
5.62
Average
Dividend Yield :
0.62
Std Dev
(Annualised) :
23.25%
Sharpe Ratio :
0.62
Portfolio Beta :
1.04
Equity - 0.37 times
Equity Shares 96.32%
Auto 3.87%
• TVS Motor Company Ltd. 3.87%
• Motherson Sumi Systems Ltd. 2.05%
Minda Industries Ltd. 1.83%
Sundaram Clayton Ltd. 0.97%
Banks 20.32%
City Union Bank Ltd. 1.97%
The Federal Bank Ltd. 1.41%
Axis Bank Ltd. 1.18%
Bank Of Baroda 1.00%
Capital Markets 0.81%
Angel One Ltd. 0.81%
JK Cement Ltd. 2.04%
JK Lakshmi Cement Ltd. 1.11%
Construction 5.27%
Mahindra Lifespace Developers Ltd. 1.09%
G R Infraprojects Ltd. 0.93%
PNC Infratech Ltd. 0.82%
KNR Constructions Ltd. 0.72%
Larsen & Toubro Ltd. 1.24%
Orient Electric Ltd. 2.00%
Voltas Ltd. 1.81%
Bajaj Electricals Ltd. 1.74%
Zydus Wellness Ltd. (Subsidiary of Cadila
Healthcare Limited) 0.98%
Entertainment 1.60%
PVR Ltd. 1.60%
Jindal Steel & Power Ltd. 0.86%
Finance 3.44%
Mahindra & Mahindra Financial Services Ltd. 0.81%
Jm Financial Ltd. 0.70%
Industrial Capital Goods 0.73%
GMM Pfaudler Ltd. 0.73%
Bharat Forge Ltd. 0.89%
Insurance 2.97%
Pesticides 1.04%
Astec LifeSciences Ltd. 1.04%
IPCA Laboratories Ltd. 1.88%
J.B.Chemicals & Pharmaceuticals Ltd. 0.97%
Natco Pharma Ltd. 0.91%
Sanofi India Ltd. 0.84%
Power 1.20%
CESC Ltd. 1.20%
Retailing 4.38%
• Avenue Supermarts Ltd. (D-Mart) 3.29%
V-Mart Retail Ltd. 1.09%
Software 11.36%
Cyient Ltd. 1.98%
Wipro Ltd. 1.31%
Birlasoft Ltd. 0.67%
Tata Communications Ltd. 0.87%
Corporate Securities ^
Britannia Industries Ltd. CRISIL AAA ^
Company/Issuer Rating % to
NAV
Company/Issuer Rating % to
NAV
Top 10 Sectors
Scheme
Benchmark
Riskometer
(NIFTY 500 Multicap 50:25:25 TRI)
• An open ended equity scheme investing across large cap, mid cap and small
capstocks.
Very High risk.
21.10%
11.36%
6.21%
6.17%
5.92%
5.44%
4.46%
4.38%
4.06%
3.87%
Banks
Software
Consumer Durables
Construction
Auto Ancillaries
Pharmaceuticals
Finance
Retailing
Cement & Cement Products
Auto

16
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 14 (14 are jointly
managed).
Mr. Roshan Chutkey has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 4 (2 are jointly managed). Refer annexure from page no. 124 for performance of other schemes
currentlymanagedbySankaranNaren&RoshanChutkey.
3. Dateofinception:15-Jan-19.
4. AstheSchemehascompletedmorethan1yearbutlessthan3years,theperformancedetailsofonlysinceinceptionand1yearareprovidedherein.
thesaidperiod
Returns of ICICI Prudential India Opportunities Fund - Growth Option as on November 30, 2021
Particulars
10.31 -
Scheme
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
Fund Details
Fund Managers** :
Mr. Sankaran Naren
(Managing this fund since Jan 2019 &
Mr. Roshan Chutkey
(Managing this fund since Jan 2019 &
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.
Other : 2.09% p. a.
62.01 16265.76 - - - - 19.69 16770.00
37.73 13809.22 - - - - 19.09 16529.99
32.19 13249.14 - - - - 18.15 16156.73
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.
managed by Ms. Priyanka Khandelwal.
Benchmark
Nifty 500 TRI
NAV (As on 30-Nov-21): Growth Option : Rs. 16.77 IDCW Option : 15.94 Direct Plan Growth Option : Rs. 17.53 Direct Plan IDCW Option : 16.69 `
` `
`
` `
`
Average P/E :
24.29
Average P/B :
3.16
Average
Dividend Yield :
1.92
Equity - 0.55 times
Equity Shares 91.09% 1.33%
Auto 5.05%
• TVS Motor Company Ltd. 3.20%
Banks 11.99% ^
ITC Ltd. 1.43%
Finance 2.28%
Gas 4.66%
• GAIL (India) Ltd. 4.66%
Healthcare Services 2.40%
Aster DM Healthcare Ltd. 2.40%
Insurance 1.38%
Minerals/Mining 2.60%
• Coal India Ltd. 2.60%
Oil 5.18%
Oil India Ltd. 1.13%
• Sun Pharmaceutical Industries Ltd. 9.48%
Lupin Ltd. 1.99%
Natco Pharma Ltd. 1.98%
Power 16.43%
• NTPC Ltd. 10.53%
• CESC Ltd. 4.18%
Kalpataru Power Transmission Ltd. 1.72%
Software 3.12%
HCL Technologies Ltd. 2.08%
Cyient Ltd. 1.04%
Equity less than 1% of corpus 9.44% 1.33%
NAV Derivatives
NAV Derivatives
Scheme
Benchmark
Riskometer
(Nifty 500 TRI)
• Anequityschemethatinvestsinstocksbasedonspecialsituationstheme.
Very High risk.
16.43%
15.33%
13.57%
9.80%
7.19%
5.97%
5.25%
5.18%
3.12%
2.81%
Power
Banks
Pharmaceuticals
Telecom - Services
Auto
Gas
Oil
Software
Finance

17
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 14 (14 are jointly
managed).
Mr. Dharmesh Kakkad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 9 (7 are jointly managed). Refer annexure from page no. 124 for performance of other
schemescurrentlymanagedbySankaranNarenandDharmeshKakkad.
3. Dateofinception:16-Aug-04.
5.Loadisnotconsideredforcomputationofreturns.
thesaidperiod
7.ThebenchmarkofthisschemehasbeenrevisedfromS&PBSE500TRItoNifty500Value50TRIw.e.f.February17,2020.
8.Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
Returns of ICICI Prudential Value Discovery Fund - Growth Option as on November 30, 2021
Particulars
162.08 140.32
Scheme
Nifty 500 Value 50 TRI (Benchmark)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
121.42
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Fund Details
Fund Managers** :
Mr. Sankaran Naren (Managing this fund
since January 2021 & Overall 31 years
of experience)
Mr. Dharmesh Kakkad (Managing this fund
since January 2021 & Overall 11 years of
experience)
Inception/Allotment date: 16-Aug-04 Exit load for Redemption / Switch
Upto 12 Months from allotment - 1%
of applicable NAV, more than 12
Months - Nil
Other : 1.77% p. a.
45.75 14620.56 19.07 16887.83 14.30 19516.55 20.08 236970.00
68.48 16920.67 15.33 15347.52 8.52 15056.76 NA NA
32.19 13249.14 17.38 16181.64 17.04 21968.30 16.10 132285.97
ICICI Prudential Value Discovery Fund
(An open ended equity scheme following a value investment strategy.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Disclaimer
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property
and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”) and is
licensed for use by ICICI Prudential Asset Management Company Ltd. Neither MSCI, S&P nor any other
party involved in making or compiling the GICS or any GICS classifications makes any express or
implied warranties or representations with respect to such standard or classification (or the results to
be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of
originality, accuracy, completeness, merchantability and fitness for a particular purpose with respect to
any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI,
S&P, any of their affiliates or any third party involved in making or compiling the GICS or any GICS
classifications have any liability for any direct, indirect, special, punitive, consequential or any other
damages (including lost profits) even if notified of the possibility of such damages.
**In addition to the fund manager managing this fund, overseas investment is managed by Ms. Priyanka
Khandelwal.
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, ICICI Prudential Value Fund - Series 19 and
ICICIPrudentialValueFund-Series20w.e.f.May17,2021,June24,2021andJuly22,2021respectively.
The performance disclosed above is of ICICI Prudential Value Discovery Fund. Performance of merging
scheme i.e ICICI Prudential Value fund series 18, ICICI Prudential Value fund series 19 and ICICI Prudential
ValueFund-Series20willbemadeavailabletoinvestorsonrequest.
Refer page no 117 to 123 for details on option, entry load, SWP, STP/Flex STP/Value STP & minimum
redemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 140 to 145, For SIP Returns : Refer page no. from 135 to 138, For
InvestmentObjective:Referpageno.from146to149
Value Fund
Category
` `
`
` `
`
Average P/E :
27.30
Average P/B :
3.68
Average
Dividend Yield :
1.63
Std Dev
(Annualised) :
19.88%
Sharpe Ratio :
0.81
Portfolio Beta :
0.55
Equity - 0.93 times
Auto 10.29% -1.41%
Tata Motors Ltd. - Futures -1.41%
Exide Industries Ltd. 1.41%
Banks 10.47%
• ITC Ltd. 3.52%
Finance 1.36%
Cummins India Ltd. 0.88%
Insurance 2.58%
Ltd. 1.17%
• Hindalco Industries Ltd. 4.67%
Oil 5.87%
Pesticides 0.90%
UPL Ltd. 0.90%
Lupin Ltd. 1.13%
Power 7.81%
• NTPC Ltd. 7.81%
Software 5.26%
HCL Technologies Ltd. 2.05%
NAV Derivatives
NAV Derivatives
The Great Eastern Shipping Company Ltd. 0.82%
Gateway Distriparks Ltd. 0.76%
Integrated Telecommunication Services 2.46%
Verizon Communications Inc. 2.46%
Personal Products 2.57%
Unilever Plc 2.57%
Wireless Telecommunication Services 2.87%
Vodafone Group Plc - SP ADR 2.87%
Short Term Debt and net
current assets 5.32%
Top 10 Sectors
Scheme
Benchmark
Riskometer
(Nifty 500 Value 50 TRI)
• Anopenendedequityschemefollowingavalueinvestmentstrategy.
Very High risk.
11.83%
11.37%
9.36%
8.24%
6.77%
6.35%
5.26%
4.82%
3.92%
3.80%
Banks
Auto
Pharmaceuticals
Power
Telecom - Services
Oil
Software
Non - Ferrous Metals

18
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 3 (1 are jointly managed). Refer annexure
frompageno.124forperformanceofotherschemescurrentlymanagedbyHarishBihani.
3. Dateofinception:19-Aug-99.
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Option as on November 30, 2021
Particulars
410.97 355.34
Scheme
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
289.22
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
Fund Details
Fund Managers** :
Harish Bihani
(Managing this fund since Nov, 2018 &
Overall above 13 Years of experience)
Inception/Allotment date: 19-Aug-99 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option
Nil
Other : 1.96% p. a.
41.27 14166.73 17.87 16384.59 15.01 20130.35 19.99 582210.00
37.73 13809.22 18.44 16624.19 17.00 21933.70 14.70 212829.25
32.19 13249.14 17.38 16181.64 17.04 21968.30 13.58 171096.08
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
Equity Linked Savings
Scheme (ELSS)
Category
Auto 6.32%
Maruti Suzuki India Ltd. 1.53%
Ashok Leyland Ltd. 1.40%
Mahindra & Mahindra Ltd. 1.17%
Eicher Motors Ltd. 0.94%
Banks 20.14%
Computer Age Management Services Ltd. 1.26%
Construction 0.92%
Mahindra Lifespace Developers Ltd. 0.92%
Larsen & Toubro Ltd. 2.14%
Blue Star Ltd. 1.72%
United Breweries Ltd. 1.46%
Hindustan Unilever Ltd. 1.12%
Entertainment 1.29%
Inox Leisure Ltd. 1.29%
Finance 6.46%
• HDFC Ltd. 3.58%
Insurance 5.68%
ICICI Lombard General Insurance Company Ltd. 2.15%
Other Services 0.94%
Quess Corp Ltd. 0.94%
Retailing 4.55%
• Avenue Supermarts Ltd. (D-Mart) 2.92%
V-Mart Retail Ltd. 1.63%
Software 16.64%
• Tech Mahindra Ltd. 3.01%
Birlasoft Ltd. 1.62%
Larsen & Toubro Infotech Ltd. 1.10%
Container Corporation Of India Ltd. 1.19%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Rs.500 & in multiples thereof
` `
`
` `
`
Average P/E :
27.87
Average P/B :
5.69
Average
Dividend Yield :
0.79
Std Dev
(Annualised) :
22.54%
Sharpe Ratio :
0.70
Portfolio Beta :
1.01
Equity - 0.29 times
Scheme
Benchmark
Riskometer
(Nifty 500 TRI)
• Long term wealth creation solution
• An Equity Linked Savings Scheme that aims to generate long term capital
appreciation by primarily investing in equity and related securities and
provides tax benefit under section 80C of Income Tax Act, 1961.
Very High risk.
20.42%
16.64%
7.95%
6.49%
6.32%
5.68%
5.31%
4.35%
3.63%
3.54%
Banks
Software
Finance
Telecom - Services
Auto
Insurance
Retailing
Petroleum Products
Pharmaceuticals

19
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialFocusedEquityFund.
2. TheschemeiscurrentlymanagedbyPrakashGauravGoel.Mr.PrakashGauravGoelhasbeenmanagingthisfundsinceJan2021.TotalSchemesmanagedbytheFundManageris4(1arejointlymanaged).Refer
annexurefrompageno.124forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
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 November 30, 2021
Particulars
33.45 28.55
Scheme
S&P BSE 500 TRI (Benchmark)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
24.37
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
Fund Details
Fund Managers** :
Prakash Gaurav Goel
(Managing this fund since Jan, 2021 &
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
Other : 2.09% p. a.
44.02 14445.44 19.15 16924.69 14.66 19827.66 13.41 48320.00
38.13 13849.94 18.70 16730.23 16.91 21850.97 13.34 47937.75
32.19 13249.14 17.38 16181.64 17.04 21968.30 12.89 45613.79
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.
Focused Fund
Category
Auto 7.23%
Banks 20.56%
Bank Of Baroda 1.39%
Ambuja Cements Ltd. 1.60%
Chemicals 1.09%
Camlin Fine Sciences Ltd. 1.09%
Construction 6.03%
Brigade Enterprises Ltd. 2.81%
G R Infraprojects Ltd. 2.13%
ITC Ltd. 2.28%
Finance 6.13%
HDFC Ltd. 1.60%
Insurance 8.74%
ICICI Lombard General Insurance Company Ltd. 2.24%
Alkem Laboratories Ltd. 1.90%
Power 2.95%
NTPC Ltd. 1.50%
CESC Ltd. 1.45%
Software 13.96%
Equity less than 1% of corpus
Company/Issuer % to
NAV
Company/Issuer % to
NAV
` `
`
` `
`
Average P/E :
34.41
Average P/B :
4.72
Average
Dividend Yield :
1.04
Std Dev
(Annualised) :
18.72%
Sharpe Ratio :
0.85
Portfolio Beta :
0.81
Equity - 0.66 times
Scheme
Benchmark
Riskometer
(S&P BSE 500 TRI)
• An open ended equity scheme investing in maximum 30 stocks across
market-capitalisation.
Very High risk.
20.56%
13.96%
8.74%
7.43%
7.23%
6.13%
6.03%
5.63%
5.20%
4.96%
Banks
Software
Insurance
Auto
Finance
Construction
Pharmaceuticals
Telecom - Services
Petroleum Products

20
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 7 (6 are jointly managed). Refer
annexurefrompageno.124forperformanceofotherschemescurrentlymanagedbyMittulKalawadia.
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Dividend Yield Equity Fund - Growth Option as on November 30, 2021
Particulars
16.62 16.07
Scheme
Nifty Dividend Opportunities 50 TRI (Benchmark)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
13.53
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
Fund Details
Monthly AAUM as on 30-Nov-21 : Rs. 548.70 crores
Closing AUM as on 30-Nov-21 : Rs. 542.93 crores `
Fund Managers** :
Mittul Kalawadia
(Managing this fund since Jan, 2018 &
Overall 13 Years of experience)
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
Other : 2.77% p. a.
54.20 15475.33 16.96 16004.98 13.70 19009.61 13.33 25720.00
38.52 13889.02 15.46 15398.15 14.29 19510.27 11.88 23338.12
32.19 13249.14 17.38 16181.64 17.04 21968.30 13.46 25937.27
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
**In addition to the fund manager managing this fund, overseas investment is managed by Ms.
PriyankaKhandelwal.
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.
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive
propertyandaservicemarkofMSCIInc.(“MSCI”)andStandard&Poor’sFinancialServicesLLC
(“S&P”) and is licensed for use by ICICI Prudential Asset Management Company Ltd. Neither
MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS
classificationsmakesanyexpressorimpliedwarrantiesorrepresentationswithrespecttosuch
standard or classification (or the results to be obtained by the use thereof), and all such parties
hereby expressly disclaim all warranties of originality, accuracy, completeness,
merchantability and fitness for a particular purpose with respect to any of such standard or
classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their
affiliates or any third party involved in making or compiling the GICS or any GICS classifications
have any liability for any direct, indirect, special, punitive, consequential or any other damages
(includinglostprofits)evenifnotifiedofthepossibilityofsuchdamages.
Refer page no 117 to 123 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 140 to 145, For SIP Returns : Refer page no. from 135 to
138,ForInvestmentObjective:Referpageno.from146to149
Dividend Yield Fund
Category
` `
`
` `
`
Average P/E :
35.20
Average P/B :
5.25
Average
Dividend Yield :
1.73
Std Dev
(Annualised) :
21.59%
Sharpe Ratio :
0.68
Portfolio Beta :
1.17
Equity - 0.88 times
Aerospace & Defense 1.26%
Hindustan Aeronautics Ltd. 1.26%
Auto 4.41%
Banks 11.10%
ICICI Bank Ltd. 1.40%
Aditya Birla Sun Life AMC Ltd. 3.13%
ITC Ltd. 2.41%
CCL Products (India) Ltd. 1.38%
Insurance 5.37%
Minerals/Mining 2.34%
Coal India Ltd. 2.34%
Vedanta Ltd. 1.13%
Oil 2.44%
Oil India Ltd. 2.44%
Power 3.75%
NTPC Ltd. 3.75%
Software 22.23%
• Tech Mahindra Ltd. 4.45%
Zensar Technologies Ltd. 2.24%
Tata Consultancy Services Ltd. 2.03%
Textile Products 1.12%
S. P. Apparels Ltd. 1.12%
Gujarat Pipavav Port Ltd. 3.12%
Gateway Distriparks Ltd. 2.27%
Oil & Gas Exploration & Production 3.82%
ConocoPhillips Co 3.82%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Scheme
Benchmark
Riskometer
(Nifty Dividend Opportunities 50 TRI)
• An open ended equity scheme that aims for growth by primarily investing
in equity and equity related instruments of dividend yielding companies.
Very High risk.
22.23%
11.10%
5.95%
5.41%
5.39%
5.37%
5.25%
5.09%
4.41%
3.82%
Software
Banks
Construction Project
Transportation
Insurance
Pharmaceuticals
Telecom - Services
Auto
Oil & Gas Exploration & Production

Factsheet (November 2021) | ICICI Prudential Mutual Fund

Factsheet (November 2021) | ICICI Prudential Mutual Fund

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Factsheet (November 2021) | ICICI Prudential Mutual Fund