Fund Factsheet | ICICI Prudential Mutual Fund

1
*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 Low to Moderate risk

2
INDEX
Category Description Page No
Fund Name
Economic Overview and Market Outlook 5-13
Equity Schemes
Hybrid Schemes
ICICI Prudential Equity & Debt Fund Aggressive An open ended hybrid scheme investing predominantly in equity and equity 41-42
Hybrid Fund related instruments
ICICI Prudential Equity Arbitrage Fund Arbitrage Fund An open ended scheme investing in arbitrage opportunities 43-44
ICICI Prudential Balanced Advantage Fund Dynamic Asset An open ended dynamic asset allocation fund 45-46
Allocation/Balanced
Advantage Fund
ICICI Prudential Equity Savings Fund Equity Savings An open ended scheme investing in equity, arbitrage and debt 47-48
Fund
ICICI Prudential Regular Savings Fund Conservative An open ended hybrid scheme investing predominantly in debt instruments 49-50
Hybrid Fund
ICICI Prudential Multi-Asset Fund Multi Asset An open ended scheme investing in multi assets 51
Allocation
ICICI Prudential Bluechip Fund Large Cap Fund An open ended equity scheme predominantly investing in large cap stocks 14
ICICI Prudential Flexicap Fund Flexi Cap An open ended dynamic equity scheme investing across large cap, mid cap & 15
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 16
Fund
ICICI Prudential Multicap Fund Multicap Fund An open ended equity scheme investing across large cap, mid cap, small cap stocks 17
ICICI Prudential India Opportunities Fund Thematic An open ended equity scheme following special situations theme 18
ICICI Prudential Value Discovery Fund Value Fund An open ended equity scheme following a value investment strategy 19
ICICI Prudential Long Term Equity Fund Equity Linked An open Ended Equity Scheme with Tax Saving advantage 20
(Tax Saving) Savings Scheme
(ELSS)
ICICI Prudential Focused Equity Fund Focused Fund An open ended equity scheme investing in maximum 30 stocks 21
ICICI Prudential Dividend Yield Equity Fund Dividend Yield An open ended equity scheme predominantly investing in dividend yielding stocks 22
Fund
ICICI Prudential Midcap Fund Mid Cap Fund An open ended equity scheme predominantly investing in mid cap stocks 23
ICICI Prudential Smallcap Fund Small Cap Fund An open ended equity scheme predominantly investing in small cap stocks 24
ICICI Prudential Banking & Financial
Services Fund Sectoral An open ended equity scheme investing in banking & financial services sector 25
ICICI Prudential FMCG Fund Sectoral An open ended equity scheme investing in FMCG sector 26
ICICI Prudential Technology Fund Sectoral An open ended equity scheme investing in technology and related sectors 27
ICICI Prudential Business Cycle Fund Thematic An open ended equity scheme following business cycles based investing theme 28
ICICI Prudential Housing Opportunities Fund Thematic An open ended equity scheme following housing theme 29
ICICI Prudential ESG Fund Thematic (An open ended equity scheme investing in companies identified based on the 30
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. 31
ICICI Prudential Exports and Services Fund Thematic An open ended equity scheme following exports and services theme 32
ICICI Prudential Infrastructure Fund Thematic An open ended equity scheme following infrastructure theme 33
ICICI Prudential Manufacturing Fund Thematic An Open Ended Equity Scheme following manufacturing theme 34
ICICI Prudential MNC Fund Thematic An open ended Equity Scheme following MNC theme 35
ICICI Prudential Bharat Consumption Fund Thematic An open ended scheme investing in companies engaged in consumption and 36
consumption related activities.
ICICI Prudential Commodities Fund Thematic An open ended equity scheme investing primarily in commodities and commodity 37
related sectors.
ICICI Prudential US Bluechip Equity Fund Thematic An open ended equity scheme following bluechip companies listed in US 38-39
ICICI Prudential Quant Fund Thematic An open ended equity scheme following Quant based investing theme 40

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. 68
ICICI Prudential Liquid Fund Liquid Fund Investment in Debt and money market securities with maturity of upto 91 days only 69
ICICI Prudential Money Market Fund Money Market An open ended debt scheme investing in money market instruments 70
Fund
ICICI Prudential Ultra Short Term Fund Ultra Short An open ended ultra-short term debt scheme investing in instruments such that 71
Duration Fund the Macaulay duration of the portfolio is between 3 months and 6 months.
ICICI Prudential Savings Fund Low Duration Fund An open ended debt scheme with Macaulay Duration between 6 - 12 months 72
ICICI Prudential Floating Interest Fund Floater Fund An open ended debt scheme predominantly investing in floating rate instruments 73
ICICI Prudential Short Term Fund Short Duration An open ended short term debt scheme investing in instruments such that the 74
Fund Macaulay duration of the portfolio is between 1 Year and 3 Years.
ICICI Prudential Bond Fund Medium to Long An open ended debt scheme with Macaulay Duration between 4 – 7 years 75
Duration Fund
ICICI Prudential Corporate Bond Fund Corporate Bond An open ended debt scheme predominantly investing in AA+ and above rated 76
Fund corporate bonds
ICICI Prudential Banking & PSU Debt Fund Banking & PSU An open ended debt scheme predominantly investing in Debt instruments of banks, 77
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. 78-79
ICICI Prudential Medium Term Bond Fund Medium Duration An Open Ended medium term debt scheme investing in instruments such that the 80
Fund Macaulay duration of the portfolio is between 3 Years and 4 Years. The Macaulay
duration of the portfolio is 1 Year to 4 years under anticipated adverse situation.
ICICI Prudential Long Term Bond Fund Long Duration An open ended debt scheme with Macaulay duration greater than 7 years 81
Fund
ICICI Prudential All Seasons Bond Fund Dynamic Bond An open ended dynamic debt scheme investing across duration 82
ICICI Prudential Gilt Fund Gilt Fund An open ended debt scheme investing in government securities across maturity 83
ICICI Prudential Constant Maturity Gilt Fund Gilt Fund with An open ended debt scheme investing in government securities having a 84
10-year Constant constant maturity of 10 Years
Duration
ICICI Prudential Passive Multi-Asset Fund of Funds Other Scheme An open ended fund of funds scheme investing in equity, debt, gold and global index
funds/exchange traded funds 52
ICICI Prudential Thematic Advantage Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Sectoral/ 53
Thematic schemes.
ICICI Prudential Passive Strategy Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Units of domestic 54
Equity Exchange Traded Funds
ICICI Prudential India Equity FOF Other Scheme An Open ended Fund of Funds investing in units of equity oriented schemes. 55
ICICI Prudential BHARAT 22 FOF Other Scheme An open ended fund of funds scheme investing in BHARAT 22 ETF 56
ICICI Prudential Global Advantage Fund (FOF) Other Scheme An open ended Fund of Funds scheme predominantly investing in mutual fund 57
schemes / ETFs that invest in international markets.)
ICICI Prudential Strategic Metal and Energy Equity Other Scheme An Open ended fund of fund scheme investing in Units/shares of First Trust Strategic 58
Fund of Fund Metal and Energy Equity UCITS Fund
ICICI Prudential Global Stable Equity Other Scheme Open ended Fund of Funds Scheme investing in overseas mutual fund schemes which 59
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, 60
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 61
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. 62
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 63
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 64
ICICI Prudential S&P BSE 500 ETF FOF Other Scheme An open ended fund of funds scheme investing in ICICI Prudential S&P BSE 500 ETF 65
ICICI Prudential Regular Gold Savings Fund (FOF) Other Scheme An Open Ended Fund of Funds scheme investing in ICICI Prudential Gold ETF 66
ICICI Prudential Silver ETF Fund of Fund Other Scheme An open ended fund of fund scheme investing in units of ICICI Prudential Silver ETF 67

4
Fund Name
INDEX
Closed Ended Equity Schemes
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 90
Solution Oriented Schemes
ICICI Prudential Child Care Fund (Gift Plan) Solution oriented scheme Diversified Long Term Child Benefit Oriented Plan 85
ICICI Prudential Retirement Fund Solution Oriented Scheme An open ended Retirement Solution Oriented Scheme 86-89
Other Details
Annexure For All Potential Risk Class 91-92
Annexure For All Benchmark Riskometer 93
Fund Details Annexure 94-101
Annexure for Returns of all the Schemes 102-112
Systematic Investment Plan (SIP) of Select Schemes 113-116
Performance of Select Schemes
Annexure - I 117
Annexure - II 118
IDCW History for all Schemes 118-123
Investment Objective of all the schemes 124-126
Schedule 1: One Liner Definitions 127
Schedule 2: How To Read Factsheet 128-129
Statutory Details & Risk Factors 129

5
• GDPoftheUnitedStates contractedatanannualised1.4%on-quarterinQ1CY2022,aftera6.9%growthinQ4CY2021
• Eurozone'sGDPexpandedby5%on-yearintheQ1CY2022,higherfromanupwardlyrevised4.7%increaseinQ4CY2021
• TheUnitedKingdom'seconomygrewatanannualrateof6.6%inQ4CY2021,followingadownwardlyrevised6.9%riseintheQ3
• Japan'seconomyexpanded4.6%on-yearintheQ4CY2021,comparedwitharevised2.8%contractionintheQ3CY2021
(Source:CrisilResearchGDP:GrossDomesticProduct,CY:CalendarYear)
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 2022
Source:CrisilResearch,IMFandOECD
Global Economic Growth
Global Central Bank Highlights • The minutes released from the March meeting of the US Federal Reserve
hinted that a 50 bps hike is more likely than 25bps. Further, the officials
agreed monthly caps of ~$60 billion for Treasury securities and ~$35
billion for mortgage-backed securities would be appropriate, with the
amountsphasedinoveraperiodofthreemonthsormodestlylonger.
• TheEuropeanCentralBankmaintainedstatusquoonrates.
• The People's Bank of China maintained the one-year loan prime rate at
3.7%,whilethefive-yearratewaspeggedat4.6%
• Bank of Japan left its short-term interest rate unchanged at -0.1% at its
policymeetthismonth
Source:CrisilResearch
Source: Crisil Research, Note: ^Euro zone interest rates are 0%, *Data as of Apr 2022
• US Treasury prices declined, with the yield on the 10-year bond settling at 2.89%
onApril30,2022comparedwith2.33%onMarch31
• Prices fell mainly owing to expectation over tighter monetary policy, rising
inflationandlargerthanusualratehikeindicationsfromUSFedChairman
• Investor sentiments were hurt amid global growth concerns after the
International Monetary Fund trimmed its global economic growth estimates for
both 2022 and 2023, stating that the economic hit from Russia's unprovoked
invasionofUkrainewillpropagatefarandwide.
• Meanwhile, an unexpected contraction by 1.4% in US GDP failed to pull down the
yield. Yields also fell as a key inflation measure came in line with expectations.
The core personal-consumption-expenditures (PCE) price index rose 5.2% on-
yearinMarchcomparedto5.3%riseinFebruary
(Source:CrisilResearch)
Source: Crisil Research
Global Bond Yields
-14.0%
-9.0%
-4.0%
1.0%
6.0%
11.0%
16.0%
US Eurozone UK Japan
Annual
Growth
Q1 2021 Q2 2021 Q3 2021 Q4 2021 Q1 2022
3.7
2.8
3.7
2.4
3.7
4.3
4.7
3.4
0.0
0.5
1.0
1.5
2.0
2.5
3.0
3.5
4.0
4.5
5.0
US Euro zone UK Japan
Growth
forecast
(%)
IMF World Economic Outlook, April 2022 OECD Economic outlook, December 2021
0.3% 0.3%
0.5%
0.1%
0.3%
0.8%
-0.1% -0.1% -0.1%
-0.2%
-0.1%
0.0%
0.1%
0.2%
0.3%
0.4%
0.5%
0.6%
0.7%
0.8%
2020 2021 2022*
Policy
interest
rate
%
US UK Japan Eurozone^
-1
0
1
2
3
4
30-Apr-20
31-Jul-20
31-Oct-20
31-Jan-21
30-Apr-21
31-Jul-21
31-Oct-21
31-Jan-22
30-Apr-22
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 fiscal 2022
Source:Mospi.nic.in,IMF,OECD
• India'sGDPcontinuedtogrowforthefifthstraightquarterinOctober-December,recording5.4%growthcomparedwith8.5%intheJuly-Septemberquarter
• Ingrossvalue-addedterms,theeconomygrew4.7%comparedwith8.4%inthepreviousquarter
• The agriculture sector grew 2.6% versus 3.7% in the previous quarter. Manufacturing grew 0.2% compared with 5.6% in the previous quarter, while mining grew 8.8% compared
with14.2%
• Theconstructionsectorde-grew2.8%asagainst8.2%growthinthepreviousquarter.Electricityandotherpublicutilitiesgrew3.7%asagainst8.5%
• CRISIL has pegged India's GDP growth forecast at 7.8% for fiscal 2023. Growth will continue to be supported by investment (largely government, but also private in some
pockets) and driven by the Production-Linked Incentive scheme to an extent. Consumption will revive only gradually. Growth will also be broad-based since contact-intensive
servicesareexpectedtostartcontributing.Highcommoditypricesandslowerglobalgrowthmaycontinuetopossessdownsiderisks
(Source:CrisilResearch)
Other Major Indicators
Consumer price index-linked inflation advanced 6.95% on-year in March
compared to 6.07% rise in February, following an uptick in food prices
India's Index of Industrial Production (IIP) rose 1.7% on-year in February
compared to revised 1.5% rise in January.
Output of eight core sectors grew 4.3% on-year in March following an
upwardly revised 6.0% growth in February
The Nikkei manufacturing Purchasing Managers' Index (PMI) fell to 54.0
in March from 54.9 in February. The services PMI came in at 53.6 in
March from 51.8 in February
Source: MOSPI, IHS Markit
7.1 6.6 5.8 5.4 4.6 3.3 3.0
-23.8
-6.6
0.7 1.6
20.3
8.5
5.4
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
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
Q3:
FY
2021-22
Quarterly
GDP
-
Annualized
(%)
8.2 8.1
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
IMF World Economic Outlook,
April 2022 update
OECD Economic outlook, March
2022
6.95
-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
Mar-16
Jun-16
Sep-16
Dec-16
Mar-17
Jun-17
Sep-17
Dec-17
Mar-18
Jun-18
Sep-18
Dec-18
Mar-19
Jun-19
Sep-19
Dec-19
Mar-20
Jun-20
Sep-20
Dec-20
Mar-21
Jun-21
Sep-21
Dec-21
Mar-22
Real
Interest
rate
(%)
CPI
&
10
year
G
sec
yield
%
Real interest rate (RHS) CPI Inflation (LHS) 10-year G-sec yield (LHS)
1.69
-80
-60
-40
-20
0
20
40
60
80
100
120
140
160
Feb-20
Apr-20
Jun-20
Aug-20
Oct-20
Dec-20
Feb-21
Apr-21
Jun-21
Aug-21
Oct-21
Dec-21
Feb-22
Y-o-Y
growth
(%)
12.6
62.6
16.4
9.4
9.9 12.2
5.4 8.7
3.2 4.1 4.0 6.0 4.3
-50.00
-30.00
-10.00
10.00
30.00
50.00
70.00
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Core
sector
growth
(%)
55.4
55.5
50.8
48.1
55.3
52.3
53.7
55.9
57.6
55.5
54
54.9
54
54.6
54
46.4
41.2
45.4
56.7
55.2
58.4
58.1
55.5
51.5
51.8
53.6
-10
0
10
20
30
40
50
60
70
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Purchasing Managers' Index (PMI)
Manufacturing PMI Services PMI

7
ECONOMIC
OVERVIEW
Indicators Mar-22 Feb-22 Jan-22 Dec-21 Nov-21 Oct-21
Source:TheReserveBankofIndia(RBI),OfficeoftheEconomicAdvisor,DirectorateGeneralofCivilAviation(DGCA),CRISILResearch,CrisilResearch
Boxesshadedgreendenotethebestvalue,whilethosesharedredindicatetheworstvalue
Economic indicators' heat map
Consumer Economy
Dates Events
May 2, 2022
Key economic events in April
US S&P Global Manufacturing PMI, April
Eurozone S&P Global Manufacturing PMI, April
Eurozone Consumer Confidence, April
India S&P Global Manufacturing PMI, April
India Trade Balance, April
US Factory Orders, March
Eurozone Producer Price Index, March
US Fed Interest Rate Decision
Eurozone Retail Sales, March
UK S&P Global/CIPS Services/Composite PMI, April
UK BoE Interest Rate Decision
China Caixin Composite/Services PMI, April
India S&P Global Composite/Services PMI, April
US Nonfarm Payrolls, April
UK S&P Global/CIPS Construction PMI, April
BoJ Monetary Policy Meeting Minutes
US Consumer Price Index, April
China Consumer Price Index, April
UK GDP, Q1
US Producer Price Index, April
India Industrial Production, March
India Consumer Price Index, April
India Trade Balance, April
US Markit Manufacturing/Services/Composite PMI, April
Eurozone GDP, Q1
China Industrial Production, April
Japan Industrial Production, March
Industrial Sector
Ease of Living
Inflation
Deficit Statistic
GST
GST
Manufacturing PMI 54.0 54.9 54.0 55.5 57.6 55.9
Infra - core 4.3% 6.0% 4.0% 4.1% 3.2% 8.7%
Rail freight traffic (loading in million tonne) 614.6 NA NA NA NA 117.3
Rail passenger traffic (million) 484.1 143.5 345.2 397.1 377.0 344.4
Passenger vehicle sales (thousands) 320.8 263.0 254.3 306.6 299.0 289.6
Two-wheeler sales (thousands) 1184.2 1038.0 1128.3 1297.2 1367.7 1884.4
Tractor sales (thousands) 72.8 52.0 52.8 44.2 63.8 115.6
Domestic air passenger traffic in (thousands) 107.0 77.0 64.1 838.1 1051.6 8985.0
Consumer Price Index (agricultural labourers) NA NA 1095 1097 1092 1081
Consumer Confidence Index 71.7 NA 64.4 NA 62.3 NA
CPI inflation, % y/y 7.0% 6.1% 6.0% 5.7% 4.9% 4.5%
WPI inflation, % y/y 14.6% 13.1% 13.7% 14.3% 14.9% 13.8%
Trade balance, $ billion -18.5 -20.9 -17.4 -21.7 -22.9 -19.7
Fiscal deficit (Rs billion) NA 13166.0 9378.7 7593.7 6956.1 5470.3
GST collections (Rs billion) 1421.0 1330.3 1409.9 1297.8 1315.3 1301.3
May 3, 2022
May 4, 2022
May 5, 2022
May 6, 2022
May 9, 2022
May 11, 2022
May 12, 2022
May 13, 2022
May 17, 2022

8
MARKET
REVIEW
India Equity Market Performance
Index performance Institutional flows
Source:NSE,BSE,SEBI,NSDL
• Indian equity indices reversed gains in April with the benchmarks S&P BSE Sensex and Nifty 50 falling ~3% and 2% on-month, respectively, due
disappointing corporate earnings for the March quarter, elevated inflation trajectory and anticipation of a sooner-than-expected rate hike by the Reserve Bank
ofIndia(RBI)amidweakglobalcues
• Markets fell since earning reports for the last quarter of the fiscal 2022 from major companies failed to lift investor sentiments and raised concerns over the
healthofthecompanies
• Further, investors remained worried over rising inflation data in the country, which raised apprehensions that the RBI may soon start to hike rates at its
upcomingmonetarypolicyreviewmeet
• India'sconsumerpriceinflationadvanced6.95%on-yearinMarchcomparedto6.07%riseinFebruary,followinganuptickinfoodprices.
• Selling by foreign institutional investors (FIIs) continued to weigh on the benchmark indices. FIIs sold Rs 171.4 billion worth equities in Apr-22 compared with
Rs411.2billionsoldinMar-22
• Additionally, weak global cues owing to global growth concerns, rising inflation and anticipation of tight monetary policy of FED also clouded markets
sentiment.
• The Chinese economy, struggling to fight the rising Covid-19 cases in the country, also weighed on investor sentiment. Markets also absorbed weak cues
fromtheRussia-Ukrainewar,whichcausedariseinglobalcrudeoilpricesandinflation
• However, positive domestic cues following the merger announcement of two large financial institutions and improved auto sales for March prevented a sharp
fallinthemarkets
*DatatillApril27,2022
Dates Events
May 18, 2022
India WPI Inflation, April
UK Inflation Rate, April
Japan GDP, Q1
China PBoC Interest Rate Decision
US S&P Global Manufacturing/Composite/Services PMI, May
US FOMC Minutes
US GDP, Q1
Eurozone Industrial Confidence, May
China Industrial Profits, April
US Consumer Confidence, May
India GDP, Q1
India Infrastructure Output, April
May 27, 2022
May 31, 2022
May 19, 2022
May 20, 2022
May 24, 2022
May 25, 2022
May 26, 2022
Source:CrisilResearch
-2.57%
-2.07%
4.82%
-0.53%
-0.49%
0.93%
5.60%
0.15%
-12.12%
-3.19%
1.29%
4.04%
2.81%
-4.15%
1.40%
-11.75%
16.97%
16.89%
16.35%
11.34%
35.15%
31.99%
12.58%
3.44%
21.61%
21.51%
20.21%
30.02%
31.45%
42.98%
32.03%
21.49%
-30% -10% 10% 30% 50%
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 %
-500
-400
-300
-200
-100
0
100
200
300
400
500
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
Net
flows
in
Rs
billion
FIIs, DIIs and MFs flows
FII - Equity Investment DII- Equity Investment MF Flows - Equity Investment*

9
MARKET
REVIEW
• Persistent buying by domestic institutional investors (DIIs) also added to the gains. DIIs bought equities worth Rs 308.4 billion in Apr-22 compared with Rs
396.8billionboughtinMar-22
• GainswerealsoseenfollowingtheRBI'saccommodativepolicystanceanditsdecisiontokeepratesunchangedinitsfirstbi-monthlymonetarypolicyreview
ofFiscal2023
• The dovish stance of the Bank of Japan also added to the rally in the market. Additionally, investor concerns over Chinese economic growth was calmed after
thegovernmentannouncedaslewofpro-growthpolicymeasurestosupportthestrugglingeconomy
• S&P BSE sectoral indices ended mixed in April with IT, Metal, Realty and Capital goods indices seeing a sharp sell-off. S&P BSE IT witnessed a decline of ~
12.%,S&PBSERealtyby~4%,S&PBSEMetalby~3%,S&PBSEBankex andS&PBSECapitalGoodsby~0.5%each
• However Auto, FMCG, Oil & Gas, Public Sector Banks, and Health-care witnessed gains. S&P BSE FMCG climbed by ~6%, S&P BSE Auto by ~5%, S&P BSE
Oil&Gasby~4%,S&PBSEPSUby~3%,S&PBSEConsumerDurables~1%andS&PBSEHealthcaregained~0.2%
• HighersalesnumberselevatedautoindexwhiledisappointingearningsperformancekeptITindexunderpressure
(Source:CrisilResearch,FMCG:FastMovingConsumerGoods)

10
The Indian equity markets rallied at the beginning of April, but the trend reversed quickly as a sharp rise in U.S. Treasury yields and the U.S. Dollar index took the sheen off equities. The market
barometerindicesS&PBSESensexandNifty50fell2.6%and2.1%respectively,inApril,butfaredbetterthanmanymajormarketsglobally.(Source:NSE,BSE)
Mid and small-cap indices experienced a similar ride but the Nifty Midcap 100 index ended April up 0.6% over the previous month, whereas the Nifty Smallcap 100 index fell 1.7% in the same
period.(Source:NSE,BSE)
Amongsectors,theS&PBSEPowerindextooktheleadwithariseof18%whereastheS&PBSEInfotechindexwasalaggardwitha12%fall.TheotherperformingsectorswereFMCG,AutoandOil
&GaswhereasthelaggardsincludedRealtyandMetalstocks.(Source:BSEandNSE)
Globally, most major markets closed in the red with Brazil (-10%), Mexico (-9%) and US S&P 500 (-9%) topping the list. Russia (7%) remained the positive performer in April followed by Indonesia
(2.2%).(Source:KotakResearch)
Foreign investors' sell-off continued in April, with net outflows of Rs.17,144 crore, which is comparatively better than Rs.41,123 crore sold in March. Domestic Institutional Investors, who have
beenamajordriverofinflows,boughtanadditionalRs.29,870croreduringthemonth.(Source:NSDL,NSE)
We believe Indian markets performance will continue to be influenced by the following factors: 1. Uncertainty around Russia-Ukraine war 2. FPI & DII flows 3. Sticky inflation profile on the back of
supplysidedisruptionsand4.AggressivemonetarytighteningasindicatedbyUSFed.
Otherkeydevelopmentsinclude:
(1) The Reserve Bank of India narrowed the LAF corridor to 50 basis points by introducing a new Standing Deposit Facility at 3.75% (2) World Bank cut India's FY2023 GDP growth forecast to 8%
against 8.7% earlier; IMF cut growth forecast to 8.2% against 9% earlier. (3) Consumer prices (CPI index) rose 6.95% on-year in March 2022; Wholesale prices surged 14.5% on-year in the same
period.(4)GSTcollectionall-timehighinAprilatRs.1.68lakhcrore.(Source:RBI,CrisilResearch)
Ourviewgoingforward:
• Long-term view on equity continues to remain positive, however the medium-term view has turned cautious due to global headwinds - Monetary tightening by US Fed, rising inflation pressure
duetogeo-politicaltensionsandmoderatinggrowth
• BroadmarketvaluationshavemoderatedfromitsexpensivelevelinOct-2021,butstillremainshigh.
• Therearefewpocketsacrosssectorswhicharestillreasonablyvalued.
• Weremainpositiveonsectors/themeslikeBanks,Auto,Infrastructure,CapitalGoods,Pharma,wherethevaluationsandearningsremainsattractive.
• Marketsmaycontinuetotakecuesfromfollowingevents-outcomeofupcomingUSFedmeet,uncertaintyaroundRussia-Ukrainewaranddomesticgrowth-inflationdynamics.
LAF-LiquidityAdjustmentFacility;U.S.-UnitedStatesofAmerica;FPI-ForeignPortfolioInvestors;DII-DomesticInstitutionalInvestors
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. A - ICICI Prudential Asset Allocation Strategy (ICICI Prudential Asset Allocator Fund (FOF))
& Multi Asset Strategy (ICICI Prudential Multi-Asset Fund and ICICI Prudential Passive Multi Asset Fund of Funds), B - ICICI Prudential Balanced Advantage Fund, C - ICICI Prudential Business Cycle
Fund, D - Strategy which is available at Discount to broader markets (Reasonable Valuations) -ICICI Prudential Value Discovery Fund, ICICI Prudential Dividend Yield Equity Fund and ICICI Prudential
FocusedEquityFundandInvestingintheseschemesoverlongtermmaybebeneficialforyourwealthcreationjourney.
EQUITY
MARKET
OUTLOOK
MARKET
OUTLOOK
Equity Market Outlook
Market is expected to remain volatile due to various macro situations. Hence we recommend schemes with
flexibility to invest across Asset Classes, Market Cap & Sectors/ themes
Our Recommendations
Flexibility to invest in various asset classes Flexibility to move between sectors/themes Flexibility to move between market-caps
Recommended Schemes: Recommended Schemes: Recommended Schemes:
HYBRID
• ICICIPrudentialBalancedAdvantageFund
• ICICIPrudentialMulti-AssetFund
FUND OF FUNDS
• ICICIPrudentialPassiveMulti-AssetFundofFunds
• ICICIPrudentialAssetAllocatorFund(FOF)
• ICICIPrudentialBusinessCycleFund
• ICICIPrudentialThematicAdvantageFund(FOF)
• ICICIPrudentialFlexicapFund
• ICICIPrudentialFocusedEquityFund
• ICICIPrudentialValueDiscoveryFund
• ICICIPrudentialDividendYieldEquityFund
SIP/STP Strategy:
Continue SIP/STP as the long term view remains intact, strongly recommend ICICI Prudential Freedom SIP* and ICICI Prudential Booster STP*
ICICI Prudential Freedom SIP* is a combination of Smart Features, to help investors achieve their Financial Goals. Freedom SIP allows investors to switch the SIP investments to a target scheme, post
completionoftheSIPtenure&monthlySWPwillcontinuefromthetargetscheme.
ICICI Prudential Freedom SIP is an optional feature that allows initial investments through SIP, switch to another scheme after a pre- defined tenure and SWP post that. *ICICI Prudential Booster Systematic
Transfer Plan is a facility where in unit holder(s) can opt to transfer variable amount(s) from designated open ended scheme(s) of ICICI Prudential Mutual Fund to the designated open ended scheme(s) of ICICI
Prudential Mutual Fund ^The SWP will be processed either till Dec2099 or till units are available in target scheme, whichever is earlier. Please read the terms and conditions in the application form before
investing. *Target Scheme: Post completion of SIP tenure, the corpus shall switch to the target scheme and a monthly SWP shall start from this scheme. For source and target scheme names, refer the
Application Form of ICICI Prudential Freedom SIP. ICICI Prudential Mutual Fund reserves the right to make changes in the source and target schemes. Investor may please note that ICICI Prudential Freedom SIP is
differentfromICICIPrudentialFreedomSWP.

11
EQUITY
MARKET
OUTLOOK
MARKET
OUTLOOK
Equity Market Outlook and Valuation Index
3 Year Return Profile - Nifty 50 TRI
Particular Dark Green (EVI<80) Green (80<EVI>100 Amber (100<EVI<120 Red (120<EVI<130) Deep Red (EVI>130)
No.oftimesEVIwasin
respectivezone(inMonths) 8 54 86 15 6
AverageReturn 24.8% 15.2% 8.9% 8.3% 2.8%
MaxReturn 40.9% 35.4% 22.6% 15.5% 7.4%
MinReturn 16.8% 4.3% -2.2% -0.1% 0.6%
Source: MFI Explorer. Returns are calculated on CAGR basis. Above analysis is done considering the investment period between April 2005 and April 2019. The returns are calculated for the period
between April 2008 and April 2022. EVI: Equity Valuation Index. Equity Valuation index is calculated by assigning equal weights to Price-to-Earnings (PE), Price-to-Book (PB), G-Sec * PE and
MarketCaptoGDPratio.G-Sec-GovernmentSecurities.GDP-GrossDomesticProduct.Pastperformancemayormaynotsustaininfuture.
Equity Valuation Index
Equity Valuation index is calculated by assigning equal weights to Price-to-Earnings (PE), Price-to-Book (PB), G-Sec*PE and Market Cap to GDP ratio. G-Sec – Government Securities. GDP – Gross Domestic
Product,DataasonApril30,2022
Equity Valuation Index
Return Analysis of Equity Valuation Index:
117.7
50
70
90
110
130
150
170
Apr-05
Apr-06
Apr-07
Apr-08
Apr-09
Apr-10
Apr-11
Apr-12
Apr-13
Apr-14
Apr-15
Apr-16
Apr-17
Apr-18
Apr-19
Apr-20
Apr-21
Apr-22
Aggressively Invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
Invest in Equities

12
Indian gold price closed at Rs 52,055 per 10 grams on April 29, up 1.11%
from Rs 51,484 on March 31
Bank deposit grew 10% and credit 10.1% on-year in April, compared with
8.8% and credit 8.5% in March, respectively
Rupee declined 0.8% to settle at Rs 76.43 against the dollar on April 29,
2022 from Rs 75.79 on March 31, 2022
MARKET
REVIEW
India's Debt Market Performance
Debt market indicators
Datasource–RBI,mospi.nic.in,CRISILFixedIncomeDatabase,
CP-commercialpaper,CD–certificatesofdeposit,CB–corporatebond,*weightedaverageyield
Money market
Tenure CD Change CP Change
1M 3.95 25 4.20 -5
3M 4.12 27 4.40 5
6M 4.60 32 4.90 21
12M 5.10 40 5.30 10
Bond market
Liquidity in the banking system
Source:RBI
• Interbank call money rates hovered below the RBI's repo rate of 4% in April owing to surplus liquidity in the
system
• The RBI intermittently conducted variable-rate reverse repo auctions during the month to absorb excess
liquidity
• Meanwhile, the central bank decided to introduce an additional liquidity absorption tool - Standing Deposit
Facility (SDF) with an interest rate of 3.75% with immediate effect. The SDF will replace the Fixed Rate
Reverse Repo (FRRR) as the floor of the Liquidity Adjustment Facility (LAF) corridor. It also decided to
restorethewidthoftheLAFcorridortoitspre-pandemiclevelof50bps
• Government securities (G-secs) declined in March, with yield on the new 10-year benchmark 6.54% 2032
papersettlingat7.14%onApril29,comparedwith6.84%onMarch31
• Prices fell sharply earlier after the RBI raised its inflation expectations for the current fiscal and hinted at
movingawayfromitseasymonetarypolicygoingforward,evenasitkeptthereporateunchangedat4%
• The government's disappointing debt supply schedule for the first half of fiscal 2023 also dented the gilts.
The government will borrow a gross Rs 8.45 trillion from the local debt market in the first six months of this
fiscal
• Yield advanced further on tracking a similar trend in US treasury yields and as a spike in domestic inflation
numbersforMarchreinforcedexpectationsofapolicy-tighteningcycle
• Subdued demand and partial devolvement of the benchmark paper at a weekly debt auction also kept bond
pricesunderpressure
• However, further losses were restricted on short covering and sporadic pull back in crude oil prices and US
Treasuryyields
Source:RBIandCrisilResearch
Tenure G-Sec* Change AAACB Change
1Y 5.08 76 5.33 33
3Y 6.22 55 6.17 37
5Y 6.66 57 6.87 57
10Y 7.14 32 7.33 20
Corporate bond spreads
G-secandcorporatebondsdataasofApril29
*WeightedaverageyieldsforG-secdata
6 month G-sec: 182 day T-Bill rate; 1 year G-Sec: 6.84% CGL 2022; 3 year G-Sec: 6.18% CGL 2024;
5yearG-Sec:05.74%GS2026;10yearG-Sec:6.54%GS2032
Tenure 6M 1Y 2Y 3Y 5Y 7Y 10Y
AAA 0.58 0.75 0.08 -0.15 0.10 0.32 0.07
AA+ 1.73 1.90 1.23 1.00 1.82 2.04 1.79
AA 2.70 2.87 2.20 1.97 2.80 3.01 2.76
AA- 3.70 3.86 3.19 2.97 3.79 4.01 3.76
A+ 4.70 4.87 4.20 3.97 4.80 5.02 4.76
A 5.43 5.60 4.93 4.70 5.53 5.75 5.49
A- 5.58 5.75 5.08 4.85 5.68 5.89 5.64
Other Market Indicators
Brent crude price rose nearly 7% to close at $107.91 per barrel on
March 31 as against $100.99 a month ago
Source: RBI, IBJA, Crisil Research
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
4000
29-Apr-17
29-Apr-18
29-Apr-19
29-Apr-20
29-Apr-21
29-Apr-22
Banking
liquidity
(INR
billion)
60.00
65.00
70.00
75.00
80.00
Apr-17
Oct-17
Apr-18
Oct-18
Apr-19
Oct-19
Apr-20
Oct-20
Apr-21
Oct-21
Apr-22
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%
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
Y-oY
growth
(%)
Deposits growth Credit growth
20
30
40
50
60
70
80
90
100
110
Apr-17
Oct-17
Apr-18
Oct-18
Apr-19
Oct-19
Apr-20
Oct-20
Apr-21
Oct-21
Apr-22
Oil
Price
($
per
barrel)
Oil Price ($ per barrel)
20000
30000
40000
50000
60000
Apr-17
Oct-17
Apr-18
Oct-18
Apr-19
Oct-19
Apr-20
Oct-20
Apr-21
Oct-21
Apr-22
Indian
gold
prices
per
10
gms
Indian Gold prices per 10 grams

13
G-Sec yields surged after the Reserve Bank of India increased the floor of interest rates in the economy by 40 basis points, through the launch of Standing Deposit Facility (SDF). The benchmark 10-
year G-sec yield jumped 30 bps in a month to 7.14%, hitting a high of 7.22%. The shorter-end of the curve saw a higher jump with the 1-year G-Sec yield closing at 5.1% as on April-end against
4.67%amonthago.(Source:CCIL)
Corporate bond yields also saw an uptick. However, the rise in yields was lower compared to the rise in G-secs'. The 10-year AAA-rated bond's yield rose to 7.31% at the end of April, not far away
from7.18%seenamonthago.Asimilartrendwasvisibleintheyieldsofspreadassets.The10-yearAAcorporatebondyieldclosedat8.04%comparedto7.95%amonthago.(NSE,BSE)
Yields on the 91-,182- and 364-day Treasury-bill were range bound. Overnight yields turned volatile as the announcement of the SDF pushed interbank yields past 3.5% for a major portion of the
month;meanwhile,triparty-repoyieldswerehoveringcloserto4%.(Source:CCIL,RBI)
Ontheliquiditymanagementfront,theRBIusedthe14-dayand28-dayVariableRateReverseRepoauctionstoabsorbexcessliquidity.(Source:RBI)
On the auction front, the RBI mopped ~Rs.1.3 lakh crore via sale of G-Secs; another Rs.1.61 lakh crore via sale of Treasury Bills. State Governments' (SDLs) borrowings were low in April,
~Rs9,500crore.(Source:RBI)
A rise in yields has set-off much of the impact from high inflation. However, the yield curve continues to remain steep due to the shorter-end remaining below the desired level. There is hope for a
fasternormalizationofmonetarypolicybytheRBIwhichshouldcontinuethefluctuationsseenintheovernightrate.Thelonger-endprovidesbetter accrualbutitalsohastobemanaged actively on
the back of a rising interest-rate scenario. Going forward, a changing macro-environment and monetary policy warrants a more active management of fixed-income portfolio that continually
balancesdurationandaccrual.
As communicated earlier, the above mentioned strategy could 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 as the spread over 6-month T-bill is attractive and would
getfurtheradjustedtorisingyields.
In the current year, we recommend following strategies for investors portfolio: Accrual Strategy and Active Duration strategy. Accrual strategy due to high spread premium which is still prevalent
betweenthespreadassetsandAAA&MoneyMarketInstruments,asgoingforwardcapitalappreciationstrategymaytakeabackseatduetolimitedratecuts.
Term premiums (spread between longer and shorter end of the yield curve) remains one of the highest seen in a decade, because of which active duration strategy is recommended to benefit from
the high term premium. In our schemes, we may follow barbell approach i.e having high exposure to extreme short-end instruments with an aim to navigate interest rate movements and high
exposuretolong-endinstrumentswithanaimtobenefitfromhighercarry.
Fixed
Income
Outlook
MARKET
OUTLOOK
Fixed Income Outlook And Valuation Index:
Fixed Income Valuation Index
Data as on April 30, 2022. Debt Valuation Index considers WPI, CPI, Sensex returns, Gold returns and Real estate returns over G-Sec yield, Current Account Balance, Fiscal Balance, Credit Growth
andCrudeOilMovementforcalculation.RBI–ReserveBankofIndia
Approach
Arbitrage ICICIPrudentialEquityArbitrageFund Investwith3Months&abovehorizon
Our Recommendation
Scheme Name Call to Action Rationale
Spreadsatreasonablelevels
AccrualSchemes ICICIPrudentialCreditRiskFund
ICICIPrudentialMediumTermBondFund
CorePortfoliowith>1Yrinvestmenthorizon BetterAccrual
DynamicDuration ICICIPrudentialAllSeasonsBondFund LongTermApproachwith>3Yrsinvestmenthorizon ActiveDurationandBetterAccrual
MeasuredEquity ICICIPrudentialEquitySavingsFund Investwith6Months&abovehorizon Potential for upside and limiting
downside
ShortDuration ICICIPrudentialSavingsFund
ICICIPrudentialUltraShortTermFund
ICICIPrudentialFloatingInterest Fund
Investforparkingsurplusfunds Accrual+ModerateVolatility
Noneoftheaforesaidrecommendationsarebasedonanyassumptions.Thesearepurelyforreferenceandtheinvestorsarerequestedtoconsulttheirfinancialadvisorsbeforeinvesting.
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 the cash flow by
theprice.
Fixed Income Valuation Index
Highly Aggressive
3.00
0
1
2
3
4
5
6
7
8
9
10
Apr-19 Jun-19 Aug-19 Oct-19 Dec-19 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21 Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22
Very Cautious
Cautious
Moderate
Aggressive
Highly Aggressive

14
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialBluechipFund.
2. The scheme is currently managed by Anish Tawakley and Vaibhav Dusad. Mr. Anish Tawakley has been managing this fund since Sep 2018. Total Schemes managed by the Fund Manager is 4 (4 are jointly
managed).
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. 102 for performance of other schemes
currentlymanagedbyAnishTawakleyandVaibhavDusad.
3. Dateofinception:23-May-08.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex.ThebenchmarkoftheschemehasbeenrevisedfromNifty50TRItoNifty100TRIw.e.f.May28,2018.
8. Mr.RajatChandakhasceasedtobeafundmanagerofthisschemewitheffectfromMarch1,2022.
Returns of ICICI Prudential Bluechip Fund - Growth Option as on April 30, 2022
1 Year 3 Years 5 Years Since inception
Particulars
53.77 42.60
Scheme
Nifty 100 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on April 29,2022 : 64.36)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
35.07
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on April 30, 2022
Fund Details
Monthly AAUM as on 30-Apr-22 : Rs. 31,839.96 crores
Closing AUM as on 30-Apr-22 : Rs. 31,235.13 crores `
Fund Managers** :
Anish Tawakley (Managing this fund since Sep, 2018
& Overall 26 years of experience)
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 : 1.74% p. a.
Direct : 1.06% p. a.
19.75 11969.50 14.75 15107.98 12.90 18351.87 14.29 64360.00
19.43 11937.40 15.02 15217.78 13.94 19214.93 11.17 43768.22
18.29 11823.86 14.67 15078.92 14.34 19555.76 10.62 40838.21
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.93%
**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 94 to 101 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 118 to 123, For SIP Returns : Refer page no. from 113 to
116,ForInvestmentObjective:Referpageno.from124to126
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 29-Apr-22): Growth Option : 64.36 IDCW Option : 24.56 Direct Plan Growth Option : 69.36 Direct Plan IDCW Option : 42.22 `
` `
`
` `
`
Average P/E :
29.03
Average P/B :
4.97
Average
Dividend Yield :
0.46
Std Dev
(Annualised) :
20.69%
Sharpe Ratio :
0.59
Portfolio Beta :
0.97
Annual Portfolio Turnover Ratio :
Equity - 0.25 times
Top 10 Sectors
Company/Issuer Rating % 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 92.15% 0.33%
Automobiles 6.26% -0.36%
• Maruti Suzuki India Ltd. 3.04%
TVS Motor Company Ltd. 1.86% -0.36%
Eicher Motors Ltd. 0.75%
Hero Motocorp Ltd. 0.62%
Banks 22.86%
• ICICI Bank Ltd. 9.83%
• HDFC Bank Ltd. 6.01%
• Axis Bank Ltd. 5.16%
Kotak Mahindra Bank Ltd. 1.06%
State Bank Of India 0.81%
Beverages 1.27%
United Breweries Ltd. 1.27%
Cement & Cement Products 2.03%
Ultratech Cement Ltd. 1.19%
Grasim Industries Ltd. 0.83%
Construction 4.83%
• Larsen & Toubro Ltd. 4.83%
Diversified Fmcg 1.90%
ITC Ltd. 1.90%
Diversified Metals 0.62%
Vedanta Ltd. 0.62%
Finance 1.98%
HDFC Ltd. 1.98%
Insurance 3.95%
• SBI Life Insurance Company Ltd. 3.15%
ICICI Prudential Life Insurance Company
Ltd. 0.81%
It - Software 12.09%
• Infosys Ltd. 7.44%
• HCL Technologies Ltd. 2.82%
Tech Mahindra Ltd. 1.82%
Non - Ferrous Metals 1.10%
Hindalco Industries Ltd. 1.10%
Oil 1.31%
Oil & Natural Gas Corporation Ltd. 1.31%
Personal Products 0.98%
Procter & Gamble Hygiene and Health
Care Ltd. 0.98%
Petroleum Products 8.70%
• Reliance Industries Ltd. 7.48%
Bharat Petroleum Corporation Ltd. 1.22%
Pharmaceuticals & Biotechnology 4.88% -0.01%
Sun Pharmaceutical Industries Ltd. 1.92% -0.01%
Lupin Ltd. 1.36%
Cipla Ltd. 0.83%
Dr. Reddy's Laboratories Ltd. 0.78%
Power 0.99%
NTPC Ltd. 0.99%
Retailing 1.27%
Avenue Supermarts Ltd. 1.27%
(D-Mart)
Telecom - Services 5.32%
• Bharti Airtel Ltd. 5.32%
Foreign Equity 0.46%
Index Futures/Options 0.70%
Nifty 50 Index - Futures 0.70%
Treasury Bills 0.67%
91 Days Treasury Bill 2022 SOV 0.35%
Equity less than 1% of corpus 9.81%
Short Term Debt and net current assets 6.84%
Total Net Assets 100.00%
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
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.
23.41%
12.75%
8.70%
7.24%
6.48%
6.29%
5.32%
4.83%
4.47%
2.99%
Banks
It - Software
Petroleum Products
Automobiles
Cash,Cash Equivalents and Net Current Assets
Pharmaceuticals & Biotechnology
Telecom - Services
Construction
Insurance
Cement & Cement Products

15
^ 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
Style Box
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Top 10 Sectors
Equity Shares 91.62% -0.62%
Auto Components 4.04%
Motherson Sumi Systems Ltd. 1.63%
Motherson Sumi Wiring India Ltd. 1.46%
Sundaram Clayton Ltd. 0.96%
Automobiles 12.40% 1.07%
• Mahindra & Mahindra Ltd. 7.81%
TVS Motor Company Ltd. 2.63% 1.07%
Maruti Suzuki India Ltd. 1.96%
Banks 16.53%
Beverages 1.15%
United Spirits Ltd. 1.15%
Capital Markets 0.98%
Angel One Ltd. 0.98%
Construction 2.91%
Consumer Durables 1.72%
Bajaj Electricals Ltd. 1.72%
Ferrous Metals 1.18%
Tata Steel Ltd. 1.18%
Finance 4.12%
HDFC Ltd. 2.02%
SBI Cards & Payment Services Ltd. 1.10%
Mahindra & Mahindra Financial Services
Ltd. 1.01%
Food Products 2.38%
Britannia Industries Ltd. 2.38%
Gas 0.87%
Indraprastha Gas Ltd. 0.87%
Industrial Products 1.35%
Polycab India Ltd. 1.35%
Insurance 4.13%
ICICI Lombard General Insurance Company
Ltd. 0.98%
It - Software 8.90%
Oil 1.41%
Company/Issuer % to % to NAV
NAV Derivatives
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 94 to 101 for details on option, entry load, SWP, STP/Flex STP/Value
STP & minimum redemption amount pertaining to the scheme.
ForIDCWHistory:Referpageno.from118to123,ForSIPReturns:Referpageno.from
113to116,ForInvestmentObjective:Referpageno.from124to126
Benchmark
S&P BSE 500 TRI
Average P/E :
28.37
Average P/B :
5.76
Average
Dividend Yield :
0.37
Equity - 0.12 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.
Company/Issuer % to % to NAV
NAV Derivatives
Pharmaceuticals & Biotechnology 1.49%
Sun Pharmaceutical Industries Ltd. 1.49%
Realty 1.43%
The Phoenix Mills Ltd. 1.43%
Retailing 5.01%
(D-Mart)
Trent Ltd. 1.40%
FSN E-Commerce Ventures Ltd. 1.20%
Index Futures/Options -1.69%
Nifty 50 Index - Futures -1.69%
Covered Call Option Exposure ^
Returns of ICICI Prudential Flexicap Fund - Growth Option as on April 30, 2022
1 Year 3 Years 5 Years
Particulars
- -
CAGR
(%)
CAGR
(%)
CAGR
(%)
-
Scheme
S&P BSE 500 TRI (Benchmark)
NAV (Rs.) Per Unit (as on
April 29,2022 : 10.56)
6 Months
Simple Annualized Returns
(%)
-4.27 - - - -
-2.86 - - - -
-5.81 - - - -
10.79
Since inception
CAGR
(%)
-
Simple annualized returns have been provided as per the extant guidelines since the scheme has completed 6 months but not 1 year. However, such returns may not be representative. Absolute returns of the
Schemeforthe6monthperiodis-2.13%.
Fund Details
Fund Managers** :
Rajat Chandak
(Managing this fund since July, 2021
Inception/Allotment date: 17-Jul-21 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 : 1.75% p. a.
Rs. 5,000/- (plus in multiple of Re. 1)
Rs.1,000/- (plus in multiple of Re.1)
` `
`
` `
`
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialFlexicapFund.
2. The scheme is currently managed by Rajat Chandak. Mr. Rajat Chandak has been managing this fund since July 2021. Total Schemes managed by the Fund Manager (Equity) is 3 (2 are jointly managed). Refer
annexurefrompageno.102forperformanceofotherschemescurrentlymanagedbyRajatChandak.
3. Dateofinception:17-Jul-21.
5.Loadisnotconsideredforcomputationofreturns.
6. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of
thesaidperiod
7. NAVisadjustedtotheextentofIDCWdeclaredforcomputationofreturns.
8.TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex.
16.53%
13.47%
9.69%
5.76%
5.40%
4.84%
4.57%
4.34%
4.32%
4.31%
Banks
Automobiles
It - Software
Petroleum Products
Retailing
Insurance
Telecom - Services
Construction
Auto Components

16
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLarge&MidCapFund.
2. The scheme is currently managed by Parag Thakkar and Anand Sharma. Mr. Parag Thakkar has been managing this fund since June 2021. Total Schemes managed by the Parag Thakkar is 1 (1 are jointly
managed).
Mr. Anand Sharma has been managing this fund since May 2022. Total Schemes managed by the Anand Sharma is 2 (2 are jointly managed). Refer annexure from page no. 102 for performance of other schemes
currentlymanagedbyParagThakkarandAnandSharma.
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 April 30, 2022
Particulars
413.39 323.99
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
297.04
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)
Anand Sharma
(Managing this fund since May, 2022 & Overall 10
years of experience) (w.e.f. May 2, 2022)
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.
29.66 12957.26 18.24 16532.61 12.50 18032.59 18.19 535640.00
21.75 12168.46 18.75 16744.45 14.71 19879.24 14.39 246047.92
18.29 11823.86 14.67 15078.92 14.34 19555.76 14.31 242044.12
managedbyMs.PriyankaKhandelwal.
Refer page no 94 to 101 for details on option, entry load, SWP, STP/Flex STP/Value STP
&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 :
24.40
Average P/B :
4.69
Average
Dividend Yield :
0.42
Std Dev
(Annualised) :
24.00%
Sharpe Ratio :
0.66
Portfolio Beta :
1.02
Equity - 1.70 times
•Top Ten Holdings
Top 10 Sectors
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Equity Shares 94.07%
Agricultural, Commercial & Construction Vehicles 0.80%
Ashok Leyland Ltd. 0.80%
Automobiles 6.03%
• TVS Motor Company Ltd. 2.87%
Mahindra & Mahindra Ltd. 2.21%
Tata Motors Ltd. - DVR 0.94%
Banks 24.35%
• State Bank Of India 5.30%
• The Federal Bank Ltd. 3.02%
Bank Of Baroda 1.79%
Axis Bank Ltd. 1.42%
City Union Bank Ltd. 0.65%
Beverages 1.77%
Aditya Birla Sun Life AMC Ltd. 1.04%
ACC Ltd. 2.15%
The Ramco Cements Ltd. 0.84%
Construction 2.04%
Larsen & Toubro Ltd. 2.04%
Voltas Ltd. 0.64%
Crompton Greaves Consumer Electricals Ltd. 0.63%
Entertainment 1.06%
Zee Entertainment Enterprises Ltd. 1.06%
Finance 7.39%
• HDFC Ltd. 4.62%
Mahindra & Mahindra Financial Services Ltd. 1.43%
Sundaram Finance Ltd. 1.34%
Food Products 0.90%
Zydus Wellness Ltd. 0.90%
Bharat Forge Ltd. 1.64%
Cummins India Ltd. 0.98%
AIA Engineering Ltd. 0.98%
Insurance 5.47%
Aditya Birla Capital Ltd. 1.23%
Max Financial Services Ltd. 0.67%
ICICI Lombard General Insurance Company Ltd. 0.66%
It - Software 8.25%
Wipro Ltd. 2.00%
Oil 2.42%
Glaxosmithkline Pharmaceuticals Ltd. 1.05%
Lupin Ltd. 0.59%
Tata Communications Ltd. 1.29%
Indus Towers Ltd. 0.69%
Transport Services 1.44%
Container Corporation Of India Ltd. 1.44%
Scheme
Benchmark
Riskometer
(Nifty LargeMidcap 250 TRI)
• LongTermWealthCreation
• Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.
Very High risk.
24.69%
9.27%
9.05%
7.63%
6.74%
6.13%
5.93%
4.13%
3.75%
3.69%
Banks
Telecom - Services
It - Software
Finance
Automobiles
Insurance
Industrial Products
Cement & Cement Products

17
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.102forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
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 April 30, 2022
Particulars
359.14 295.67
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
257.36
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 : 2.03% p. a.
21.98 12191.07 13.98 14808.06 11.20 17012.36 14.68 437830.00
23.77 12370.21 18.92 16816.55 15.19 20296.98 NA NA
18.29 11823.86 14.67 15078.92 14.34 19555.76 11.05 180248.82
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 :
25.88
Average P/B :
5.53
Average
Dividend Yield :
0.15
Std Dev
(Annualised) :
23.26%
Sharpe Ratio :
0.52
Portfolio Beta :
1.03
Equity - 0.30 times
Minda Industries Ltd. 1.62%
Motherson Sumi Systems Ltd. 1.31%
Jamna Auto Industries Ltd. 0.87%
Sundaram Clayton Ltd. 0.80%
Motherson Sumi Wiring India Ltd. 0.66%
Automobiles 2.83%
• TVS Motor Company Ltd. 2.83%
Banks 20.03%
City Union Bank Ltd. 1.81%
The Federal Bank Ltd. 1.38%
Axis Bank Ltd. 0.95%
Angel One Ltd. 1.21%
JK Cement Ltd. 1.57%
JK Lakshmi Cement Ltd. 0.75%
Commercial Services & Supplies 0.57%
CMS Info Systems Ltd 0.57%
Construction 2.59%
G R Infraprojects Ltd. 0.83%
PNC Infratech Ltd. 0.61%
Voltas Ltd. 1.84%
Bajaj Electricals Ltd. 1.70%
Orient Electric Ltd. 1.62%
Entertainment 1.70%
PVR Ltd. 1.06%
Zee Entertainment Enterprises Ltd. 0.64%
Jindal Steel & Power Ltd. 1.48%
Fertilizers & Agrochemicals 1.30%
Astec LifeSciences Ltd. 1.30%
Finance 3.38%
Cholamandalam Financial Holdings Ltd. 1.62%
Mahindra & Mahindra Financial Services Ltd. 1.03%
Jm Financial Ltd. 0.73%
Food Products 0.84%
Zydus Wellness Ltd. 0.84%
(Subsidiary of Cadila Healthcare Limited)
Healthcare Services 0.94%
Metropolis Healthcare Ltd. 0.94%
Industrial Manufacturing 0.62%
GMM Pfaudler Ltd. 0.62%
Bharat Forge Ltd. 1.18%
Insurance 2.92%
SBI Life Insurance Company Ltd. 1.33%
It - Services 1.68%
Cyient Ltd. 1.68%
It - Software 7.99%
Persistent Systems Ltd. 0.86%
Leisure Services 2.09%
Barbeque Nation Hospitality 1.08%
The Indian Hotels Company Ltd. 1.02%
IPCA Laboratories Ltd. 1.76%
J.B.Chemicals & Pharmaceuticals Ltd. 1.00%
Natco Pharma Ltd. 0.83%
Sanofi India Ltd. 0.72%
Power 0.79%
CESC Ltd. 0.79%
Realty 3.43%
• The Phoenix Mills Ltd. 1.90%
Mahindra Lifespace Developers Ltd. 1.53%
Retailing 3.15%
• Avenue Supermarts Ltd. 2.29%
(D-Mart)
V-Mart Retail Ltd. 0.86%
Tata Communications Ltd. 0.77%
Corporate Securities ^
Britannia Industries Ltd. CRISIL AAA ^
Company/Issuer Rating % to
NAV
NAV
^ Value Less than 0.01% of NAV in absolute terms.
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.
20.91%
8.96%
6.10%
5.64%
5.57%
4.35%
3.74%
3.39%
3.38%
3.31%
Banks
It - Software
Auto Components
Consumer Durables
Finance
Realty
Insurance
Retailing
Construction

18
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 12 (12 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. 102 for performance of other schemes
currentlymanagedbySankaranNaren&RoshanChutkey.
3. Dateofinception:15-Jan-19.
4. AstheSchemehascompletedmorethan3yearbutlessthan5years,theperformancedetailsofsinceinception,1yearand3yearsareprovidedherein.
thesaidperiod
Returns of ICICI Prudential India Opportunities Fund - Growth Option as on April 30, 2022
Particulars
13.47 10.86
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 : 2.16% p. a.
34.78 13466.96 18.65 16703.50 - - 19.86 18140.00
20.93 12087.00 16.52 15818.94 - - 16.95 16734.90
18.29 11823.86 14.67 15078.92 - - 16.05 16314.69
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
@@ Total Expense Ratio is as on the last business day of the month.
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.
Refer page no 94 to 101 for details on option, entry load, SWP, STP/Flex STP/Value STP & minimum
redemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 118 to 123, For SIP Returns : Refer page no. from 113 to
116,ForInvestmentObjective:Referpageno.from124to126
Benchmark
Nifty 500 TRI
NAV (As on 29-Apr-22): Growth Option : Rs. 18.14 IDCW Option : 15.69 Direct Plan Growth Option : Rs. 19.08 Direct Plan IDCW Option : 16.61 `
` `
`
` `
`
Average P/E :
23.58
Average P/B :
2.93
Average
Dividend Yield :
1.18
Equity - 0.61 times
Automobiles 10.19%
TVS Motor Company Ltd. 2.61%
Banks 16.73%
The Federal Bank Ltd. 1.78%
RBL Bank Ltd. 1.12%
Construction 3.41%
Kalpataru Power Transmission Ltd. 1.63%
Finance 3.85%
LIC Housing Finance Ltd. 2.27%
Gas 4.00%
• GAIL (India) Ltd. 4.00%
Healthcare Services 2.03%
Aster DM Healthcare Ltd. 2.03%
Insurance 2.89%
It - Software 1.69%
HCL Technologies Ltd. 1.69%
Oil 9.02%
• Oil & Natural Gas Corporation Ltd. 9.02%
• Sun Pharmaceutical Industries Ltd. 8.16%
Lupin Ltd. 2.32%
Natco Pharma Ltd. 1.60%
Power 11.37%
• NTPC Ltd. 8.03%
• CESC Ltd. 3.34%
Wireless Telecommunication Services 1.07%
Vodafone Group Plc - SP ADR 1.07%
NAV
NAV
Scheme
Benchmark
Riskometer
(Nifty 500 TRI)
• Anequityschemethatinvestsinstocksbasedonspecialsituationstheme.
Very High risk.
Std Dev
(Annualised) :
26.34%
Sharpe Ratio :
0.64
Portfolio Beta :
1.09
17.17%
13.94%
11.37%
10.19%
9.02%
8.32%
4.72%
4.42%
3.84%
3.72%
Banks
Power
Automobiles
Oil
Telecom - Services
Finance
Gas
Insurance

19
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 12 (12 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. 102 for performance of other
schemescurrentlymanagedbySankaranNarenandDharmeshKakkad.
3. Dateofinception:16-Aug-04.
5.Loadisnotconsideredforcomputationofreturns.
thesaidperiod
7. ThebenchmarkofthisschemehasbeenrevisedfromNifty500Value50TRItoNifty500TRIw.e.f.January01,2022.
8. Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
9. Forbenchmarkperformance,valuesofearlierbenchmark(Nifty500Value50TRI)hasbeenusedtill31stDec2021andrevisedbenchmark(Nifty500TRI)valueshavebeenconsideredthereafter.
Returns of ICICI Prudential Value Discovery Fund - Growth Option as on April 30, 2022
Particulars
197.32 146.21
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
134.19
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 : 1.80% p. a.
28.97 12888.20 20.26 17393.48 13.62 18951.49 20.04 254310.00
22.96 12289.45 11.37 13811.78 3.99 12164.23 NA NA
18.29 11823.86 14.67 15078.92 14.34 19555.76 15.76 133579.32
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 94 to 101 for details on option, entry load, SWP, STP/Flex STP/Value STP & minimum
redemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 118 to 123, For SIP Returns : Refer page no. from 113 to 116, For
InvestmentObjective:Referpageno.from124to126
Value Fund
Category
` `
`
` `
`
Average P/E :
24.25
Average P/B :
3.37
Average
Dividend Yield :
1.13
Std Dev
(Annualised) :
19.73%
Sharpe Ratio :
0.84
Portfolio Beta :
0.56
Equity - 0.96 times
Equity Shares 94.12% -1.08%
Exide Industries Ltd. 1.23%
Automobiles 6.83% -1.07%
Tata Motors Ltd. - Futures -1.07%
Banks 12.93%
HDFC Bank Ltd. 2.82%
Construction 1.40%
• ITC Ltd. 3.52%
Finance 2.34%
LIC Housing Finance Ltd. 1.28%
Insurance 3.05%
ICICI Lombard General Insurance Company
Ltd. 0.97%
It - Software 6.45%
HCL Technologies Ltd. 1.69%
• Hindalco Industries Ltd. 3.49%
Oil 8.09%
• Oil & Natural Gas Corporation Ltd. 8.09%
• Sun Pharmaceutical Industries Ltd. 7.40%
Lupin Ltd. 1.38%
NAV Derivatives
NAV Derivatives
Power 6.76%
• NTPC Ltd. 6.76%
The Great Eastern Shipping Company Ltd. 1.02%
Integrated Telecommunication Services 2.08%
Verizon Communications Inc. 2.08%
Personal Products 1.20%
Unilever Plc 1.20%
Wireless Telecommunication Services 2.76%
Vodafone Group Plc - SP ADR 2.76%
Index Futures/Options -0.01%
Covered Call Option Exposure -0.01%
Top 10 Sectors
Scheme
Benchmark
Riskometer
(Nifty 500 TRI)
• Anopenendedequityschemefollowingavalueinvestmentstrategy.
Very High risk.
13.24%
10.85%
8.08%
7.54%
7.31%
7.16%
6.94%
3.99%
3.83%
3.51%
Banks
Oil
Telecom - Services
Automobiles
It - Software
Power
Finance
Diversified Fmcg

20
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.102forperformanceofotherschemescurrentlymanagedbyHarishBihani.
3. Dateofinception:19-Aug-99.
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Option as on April 30, 2022
Particulars
480.32 380.87
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
325.52
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 : 1.91% p. a.
20.09 12003.46 14.82 15137.71 12.10 17711.66 19.55 576550.00
20.93 12087.00 16.52 15818.94 13.76 19061.70 14.48 215467.56
18.29 11823.86 14.67 15078.92 14.34 19555.76 13.37 172768.88
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
Agricultural, Commercial & Construction Vehicles 1.82%
Ashok Leyland Ltd. 1.82%
Automobiles 5.72%
Mahindra & Mahindra Ltd. 1.92%
Maruti Suzuki India Ltd. 1.69%
Eicher Motors Ltd. 1.02%
Banks 19.29%
Beverages 1.63%
Construction 2.14%
Blue Star Ltd. 1.34%
Entertainment 1.69%
Inox Leisure Ltd. 1.69%
Finance 5.14%
• SBI Cards & Payment Services Ltd. 3.15%
HDFC Ltd. 1.98%
Gas 0.99%
GAIL (India) Ltd. 0.99%
Insurance 4.23%
• Tech Mahindra Ltd. 2.76%
Mphasis Ltd. 1.38%
Birlasoft Ltd. 1.25%
Realty 1.38%
Mahindra Lifespace Developers Ltd. 1.38%
Retailing 3.91%
(D-Mart)
V-Mart Retail Ltd. 1.47%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Rs. 500/- (plus in multiple of Rs. 500/-)
Rs.500 & in multiples thereof
` `
`
` `
`
Average P/E :
26.27
Average P/B :
5.07
Average
Dividend Yield :
0.40
Std Dev
(Annualised) :
22.54%
Sharpe Ratio :
0.56
Portfolio Beta :
1.01
Equity - 0.25 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.
19.29%
17.75%
6.89%
6.61%
5.72%
5.25%
5.19%
4.74%
4.29%
3.77%
Banks
It - Software
Finance
Automobiles
Telecom - Services
Insurance
Retailing
Petroleum Products

21
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialFocusedEquityFund.
2. TheschemeiscurrentlymanagedbyPrakashGauravGoel.Mr.PrakashGauravGoelhasbeenmanagingthisfundsinceJan2021.TotalSchemesmanagedbytheFundManageris4(1arejointlymanaged).Refer
annexurefrompageno.102forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
3. Dateofinception:28-May-09.
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 April 30, 2022
Particulars
39.61 30.74
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
26.62
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 : 2.10% p. a.
20.94 12087.86 15.92 15575.80 12.44 17986.48 12.88 47880.00
21.05 12098.97 16.91 15979.48 14.13 19376.55 13.02 48666.48
18.29 11823.86 14.67 15078.92 14.34 19555.76 12.54 46059.76
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
Automobiles 7.54%
Banks 23.60%
Construction 6.45%
G R Infraprojects Ltd. 1.61%
ITC Ltd. 1.56%
Finance 7.70%
HDFC Ltd. 2.87%
Insurance 7.75%
Mphasis Ltd. 1.81%
Alkem Laboratories Ltd. 1.54%
Power 1.20%
CESC Ltd. 1.20%
Realty 3.83%
The Phoenix Mills Ltd. 2.19%
Brigade Enterprises Ltd. 1.64%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
` `
`
` `
`
Average P/E :
29.10
Average P/B :
4.08
Average
Dividend Yield :
0.24
Std Dev
(Annualised) :
18.93%
Sharpe Ratio :
0.67
Portfolio Beta :
0.82
Equity - 0.39 times
Scheme
Benchmark
Riskometer
(S&P BSE 500 TRI)
• Long Term Wealth Creation
• An open ended equity scheme investing in maximum 30 stocks across
market-capitalisation.
Very High risk.
23.60%
14.80%
7.75%
7.70%
7.54%
6.86%
6.45%
5.62%
5.33%
4.61%
Banks
It - Software
Insurance
Finance
Automobiles
Construction
Petroleum Products
Telecom - Services

Fund Factsheet | ICICI Prudential Mutual Fund

Fund Factsheet | ICICI Prudential Mutual Fund

Recommended

Recommended

More Related Content

Similar to Fund Factsheet | ICICI Prudential Mutual Fund

Similar to Fund Factsheet | ICICI Prudential Mutual Fund (20)

More from iciciprumf

More from iciciprumf (20)

Recently uploaded

Recently uploaded (20)

Fund Factsheet | ICICI Prudential Mutual Fund