Aim to stay ahead of the uncertainty with our Market Outlook for the month of October 2018

1. 1
Monthly Market Outlook
October 2018
Equity & Fixed Income Outlook

2. 2
Global Indices Performance
Most global indices
experienced significant
gains in the month of
September,
Indian equities suffered
due to concerns on the
domestic front
Germany - DAX Index; China - SSE Composite Index; France - CAC 40 Index; Japan - Nikkei; Europe - Euronext 100; Hong Kong - HangSeng; US - Dow Jones; Singapore - Strait Times; Russia - RTS Index; Indonesia
- Jakarta Composite Index; U.K. - FTSE; South Korea - Kospi; Brazil - Ibovespa Sao Paulo Index; Indonesia – Jakarta Composite Index; Switzerland – Swiss Market Index; Taiwan – Taiwan Stock Exchange Corporation;
India – S&P BSE Sensex; Returns in % terms. Data Source: MFI; Returns are absolute returns for the PRI variant of the index calculated between August 31, 2018 – September 28, 2018.
9.1
5.5
3.5 3.5
1.9 1.6 1.4 1.3 1.0 0.9
0.2
-0.4 -0.5 -0.7 -0.9
-6.3-8
-6
-4
-2
0
2
4
6
8
10
IndexReturns(%)

3. 3
Sector and Market-cap based Index
• Sentiment in the market turned
negative on depreciating rupee
and rising crude prices
• Worries about worsening CAD
• Finance stocks remained under
pressure led mainly by the decline
in NBFCs
• IT index gained on the back of
rupee depreciation
All indices are of S&P BSE and carry the prefix of S&P BSE; Abbreviated CD - S&P BSE Consumer Durables; CG - S&P BSE Capital Goods; FMCG - S&P BSE Fast Moving Consumer Goods; HC
- S&P BSE Health Care; Infra. - S&P BSE India Infrastructure; IT - S&P BSE Information Technology. Source: MFI; Returns are absolute returns for the PRI variant of the index calculated between
August 31, 2018 – September 28, 2018.
0.5
-0.4
-1.5
-3.9
-5.8
-7.4
-9.9 -9.9 -9.9 -10.9 -11.8 -11.8
-12.8 -13.1 -13.4
-20.5
-25.0
-20.0
-15.0
-10.0
-5.0
0.0
5.0
IndexReturns(%)

4. 4
Indian Equity and Debt Markets in Sept-18
Source: BSE India and CRISIL Research; NBFCs – Non-Banking Financial Companies; Fed – US Federal Reserve
S&P BSE Sensex was
down 6.3% in Sept- 2018;
G-Sec yields touched a
high of 8.18% mid-month
in Sept 2018 before
finally settling at 8.02%
Markets would remain watchful of:
US rate hikes – the US Fed
could raise rates in Dec again
Events in the run-up to the
elections 2019
Rationalisation of bond-buying
programme by central banks
Escalating tensions due to
on-going trade-wars
Depreciating Rupee Widening Fiscal Deficit
Higher Crude Oil Prices
Decline in NBFCs on concerns
about liquidity and credit quality
Factors affecting both debt and equity markets

5. 5
Equity Outlook
Stay Cautious

6. 6
Our Equity Recommendations
• For pure equity exposure, prefer largecap Schemes
• Remain positive on exports and services theme
• For long-term equity exposure, prefer midcap and smallcaps through SIP
• Recommend asset allocation to benefit from volatility

7. 7
Prefer Largecaps over Mid- and Smallcaps
Source: BSE India; Data as of September 28, 2018; P/E – Price to Earnings; Past performance may or may not be sustained in future.
Index
1 Month
(%)
S&P BSE Sensex -6.3
S&P BSE MID CAP -12.5
S&P BSE SMALL CAP -16.1
36.6
53.7
43.4
33.2
23.8
22.3 23.9
20
25
30
35
40
45
50
55
60
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
P/Evaluations
Largecaps have relatively better valuations
Near-term outlook for
midcaps and smallcaps
continues to be
cautious; we maintain
our largecap stance
S&P BSE
Midcap Index
S&P BSE
Sensex

8. 8
Why ICICI Prudential Bluechip Fund?
(An open ended equity scheme predominantly investing in large cap stocks.)
Data as of Sept 28, 2018; Past performance may or may not sustain in the future. The portfolio of the scheme is subject to changes within the provisions of the Scheme Information Document of
the Scheme. AUM – Assets Under Management
Adopts “buy & hold” approach in
large-cap companies with proven
track record, quality management,
good growth potential.
Takes aggressive positions in high
conviction stocks with an aim to
generate alpha.
Follows bottom-up approach
for stock selection
Closing AUM `18,966.3 crore
Average
Dividend Yield
1.64
No. of
stocks
58
Average
P/E ratio
24.87
Top 10
Stock Holdings
43.10%
Average
P/B ratio
5.04
Top 10
Sectors
74.25%

9. 9
Currency and Crude:
Supporting the export theme
Source: CRISIL Research; Data as of September 30, 2018
64.9
66.9 67.8
70.2
73.0
63
65
67
69
71
73
75
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
INR/USD
Rupee Depreciation
62.6
70.5
79.6
71.8
82.7
60
64
68
72
76
80
84
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Rising Crude prices

10. 10
ICICI Prudential Exports and Services Fund
The scheme is well
diversified across different
sectors and gives a
broader play on Indian
economy. Also, the flexibility
to move portfolios from
Export oriented sectors to
domestic oriented sector
makes this scheme suitable
for the long-term.
EXPORT-ORIENTED SECTORS
AUTO ANCILLARIES
PHARMACEUTICALS &
HEALTHCARE SERVICES SOFTWARE
CHEMICALS
TEXTILES
The portfolio of the scheme is subject to changes within the provisions of the Scheme Information document of the Scheme. The stock(s)/sector(s) mentioned in this slide do not constitute any
recommendation and ICICI Prudential Mutual Fund may or may not have any future position in this stock(s).

11. 11
Manufacturing outlook
Source: BSE India, Citi Research, ibef.org ; Data as of Sept 27, 2018. *Earnings rebased to Rs 100; Past performance may or may not be sustained in future.
231.4
116.7
0
50
100
150
200
250
Apr-16
Jun-16
Aug-16
Oct-16
Dec-16
Feb-17
Apr-17
Jun-17
Aug-17
Oct-17
Dec-17
Feb-18
Apr-18
Jun-18
Aug-18
03-Sep-18
05-Sep-18
07-Sep-18
11-Sep-18
14-Sep-18
18-Sep-18
21-Sep-18
25-Sep-18
27-Sep-18
Earnings(inRs)*
S&P BSE India
Manufacturing Index
Earnings
S&P BSE Sensex
Earnings
The Government aims to increase
the share of the manufacturing
sector in India’s GDP to 25% by
2025, from 18% at present.
Therefore, we expect earnings of
manufacturing sector companies to
increase going forward

12. 12
ICICI Prudential Manufacture in India Fund
(An open ended equity scheme following manufacturing theme)
• ICICI Prudential Manufacture in India Fund gives an opportunity to
participate in the diverse themes of manufacturing
• Contribution of Manufacturing to GDP has been improving
• The Scheme can go overweight in the following sub-themes of the
manufacturing sector based on various economic parameters:
 Exports oriented manufacturing
 Domestic consumption
 Domestic capex manufacturing
• Scheme will follow market cap agnostic approach of investing
The portfolio of the scheme is subject to changes within the provisions of the Scheme Information document of the Scheme. The stock(s)/sector(s) mentioned in this slide do not constitute any
recommendation and ICICI Prudential Mutual Fund may or may not have any future position in this stock(s).

13. 13
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; Asset Allocation – Schemes that invest both in equity and fixed income
Valuation Index
Equity valuations show that
the market valuations are in
the zone where investors are
recommended to invest in
funds with low net equity
levels within the dynamic
asset allocation fund category.
Data as of September 28, 2018; Past Performance may or may not be sustained in future. None of the aforesaid recommendations are based on any assumptions. These are purely for
reference and the investors are requested to consult their financial advisors before investing.
115.37
50
70
90
110
130
150
170
Sep-05
Sep-06
Sep-07
Sep-08
Sep-09
Sep-10
Sep-11
Sep-12
Sep-13
Sep-14
Sep-15
Sep-16
Sep-17
Sep-18
Invest in Equities
Aggressively invest in Equities
Asset Allocation
Incremental Money to Debt
Book Partial Profits

14. 14
Our Asset Allocation Hybrid schemes
The asset allocation and investment strategy will be as per the Scheme Information Document, *This scheme will attract debt taxation.
These schemes aim to benefit from volatility and manage equity exposure based on valuations.
Conservative
Hybrid Fund
Equity
Savings
Fund
Dynamic Asset
Allocation or
Balanced
Advantage Fund
Multi Asset
Allocation
Net Equity–10-25%
Net Equity–15-50%
Net equity - 30-80%
Min of 10% in each of
the three asset classes
Aggressive
Hybrid
Net Equity–65-80%
ICICI Prudential Regular
Savings Fund*
ICICI Prudential
Equity Savings
Fund
ICICI Prudential
Balanced
Advantage Fund
ICICI Prudential
Multi-Asset Fund
ICICI Prudential
Equity & Debt Fund

15. 15
Our Equity Scheme Recommendations
ICICI Prudential
Bluechip Fund
ICICI Prudential
Multicap Fund
ICICI Prudential
Value Discovery Fund
Invests in large-cap stocks
and follows a benchmark
hugging approach.
Invests in stocks across
market capitalisation
Follows a value investment
strategy.
PureEquity
The asset allocation and investment strategy will be as per the Scheme Information Document
ICICI Prudential
Smallcap Fund
The scheme predominantly
invests in Smallcap stocks
ICICI Prudential
Large & Mid Cap Fund
The scheme invests in
largecap as well as midcap
stocks
ICICI Prudential
Midcap Fund
The scheme
predominantly invests in
midcap stocks
SIPRecommendations
ICICI Prudential
Exports and Services Fund
For investors looking at
tactical allocation.
Thematic/Sectoral
ICICI Prudential
Pharma Healthcare and
Diagnostics (P.H.D) Fund
For investors looking at
tactical allocation.
ICICI Prudential
Manufacture In India Fund
For investors looking at
tactical allocation.

16. 16
Fixed Income Outlook
Tightening Liquidity –
Stay in Low Duration

17. 17
Our Outlook on Fixed Income
• Maintain cautious approach and remain watchful of:
−Higher Crude Prices
−Rising Trade Protectionism
−Unwinding of QE by central banks
−Commitment towards domestic fiscal discipline and consolidation
−Upside risks on inflation
QE – Quantitative Easing

18. 18
October RBI Monetary Policy Review –
Pause in rate hikes
Source: RBI; Data as of Oct 5, 2018; bps – basis points: MPC – Monetary Policy Committee
Jan-13 Mar-13 May-13
7.75 7.5 7.25
RBI Repo Rate action since 2013
Sep-13 Oct-13 Jan-14
7.5 7.75 8
Jan-15 Mar-15 Jun-15 Sep-15
7.75 7.5 7.25 6.75
Apr-16 Oct-16 Aug-17
6.5 6.25 6
Jun-18 Aug-18
6.25 6.5
CUT
HIKE
CUT
CUT
HIKE
RBI kept repo rate unchanged at
6.5% in its Oct 5, 2018 MPC meeting
due to :
• Lower inflationary pressures
• Rupee Instability
• Higher crude oil prices
• Possibility of fiscal slippage at
centre or state level

19. 19
Rates and Yields Across the World
Source: CRISIL Research; Interest rates as on Sept 30, 2017 and Sept 30, 2018
Interest rates (%)
Sep-17 Sep-18
India 6 6.5
US 1.25 2.25
Eurozone 0 0
China 4.35 4.35
Japan -0.063 -0.064
10-yr G-Sec Yield (%)
Sep-17 Sep-18
India 6.66 8.02
US 2.33 3.06
Eurozone 0.46 0.47
China 3.62 3.63
Japan 0.06 0.12
The US rate hike and subsequent rise in the US Treasury yields has had a significant impact on global liquidity.
Indian markets have had sharp reactions to the US rate-hikes as seen in the currency depreciation, and the
subsequent increase in the 10-yr G-sec yield.

20. 20
Tightening Liquidity –
Credit Growth vs Deposit Growth
Source: RBI; Data as on September 14, 2018
Credit growth has been
surpassing deposit growth
since November 2017,
with December 2017 seeing
the widest gap between the
two at 7.36%
11.10%
15.90%
8.60%9.00%
4.10%
13.50%
0%
4%
8%
12%
16%
20%
Apr-15
Jul-15
Oct-15
Jan-16
Apr-16
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
%(Y-o-Y)
Aggregate Deposit Growth (% Y-o-Y) Bank Credit Growth (% Y-o-Y)
7.36%
Sep-18

21. 21
Tightening Liquidity –
Increase in currency in circulation
Source: Morgan Stanley Research, Data as of September 21, 2018
4.1%
1.4% 1.4%
-1.1%
-0.5%
0.8%
3.2%
1.3%
-0.6%
-1.3%
0.6%
-0.1%
-2%
-1%
0%
1%
2%
3%
4%
5%
Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18
2018 5Y Avg
As of September 2018,
currency in circulation
(MoM%) is higher than the
5-year average

22. 22
FPI – Sellers in the Debt market
Source: RBI: Data as of September 30, 2018; FPI – Foreign Portfolio Investor
157.01
-211.51
253.55 256.85
160.63
-196.54
-101.98
-300
-200
-100
0
100
200
300
Amount(inRs.bn)
FPI buying / selling of INR bonds
FPI selling in the bond
markets has further
aggravated the pressure on
the currency

23. 23
Tightening Liquidity –
RBI intervention
RBI Continued to intervene
in the forex market to
reduce the forex volatility
-15
-10
-5
0
5
10
15
Jul-16
Oct-16
Jan-17
Apr-17
Jul-17
Oct-17
Jan-18
Apr-18
Jul-18
InUSDbn
FX Intervention (Spot+ Forward) in US$ Bn
Negative shows - RBI sold dollars
Source: Morgan Stanley Research, Data as of July 31, 2018; FX – Foreign exchange

24. 24
Inflationary Pressures
Source: RBI; Data as on Aug 31, 2018; CPI – Consumer Price Index; 2HFY19 – Second half of FY19; Q1FY20 – First Quarter of FY20
Inflationary pressures in the economy have started to cool off largely on account
of decline in food inflation
In its October Monetary
Policy Committee meeting,
the RBI revised its CPI
inflation projection
downwards to
3.9 – 4.5% for 2HFY19 and
4.8% in Q1FY20.
5.40
4.83
6.07
3.89
1.46
4.92
3.69
0
1
2
3
4
5
6
7
Jun-15
Aug-15
Oct-15
Dec-15
Feb-16
Apr-16
Jun-16
Aug-16
Oct-16
Dec-16
Feb-17
Apr-17
Jun-17
Aug-17
Oct-17
Dec-17
Feb-18
Apr-18
Jun-18
Aug-18
CPIInflation(%)

25. 25
1.11
1
2
3
4
5
6
7
8
9
10
Sep-15
Nov-15
Jan-16
Mar-16
May-16
Jul-16
Sep-16
Nov-16
Jan-17
Mar-17
May-17
Jul-17
Sep-17
Nov-17
Jan-18
Mar-18
May-18
Jul-18
Sep-18
Debt Valuation Index
We recommend investors to
invest in Ultra Low / Low
Duration schemes or accrual
schemes such as ICICI
Prudential Credit Risk Fund.
For those investors who aim to
benefit from volatility we
recommend investment in
ICICI Prudential All Seasons
Bond Fund.
Debt Valuation Index considers WPI, CPI, Sensex YOY returns, Gold YOY returns and Real estate YOY returns over G-Sec yield, Current Account Balance and Crude Oil Movement for
calculation. WPI – Wholesale Price Index; CPI – Consumer Price Index. None of the aforesaid recommendations are based on any assumptions. Data as of September 28, 2018
Ultra Low Duration
Low Duration
Moderate Duration
High Duration
Aggressively in
High Duration

26. 26
Our Debt Recommendations
ICICI Prudential
All Seasons Bond
Fund
ICICI Prudential
Floating Interest FundICICI Prudential
Medium Term Bond Fund
An All-season scheme
which invests across
duration based on an
in-house CAD model
The scheme invests
predominantly in floating-
rate instruments
The schemes invests with
the aim to maintain a
medium duration with
focus on accrual income
ICICI Prudential
Short Term Fund
ICICI Prudential
Ultra Short Term Fund
The scheme invests with
the aim to maintain a short
duration
The scheme invests with
the aim to maintain a low
duration with focus on
accrual income
Short
Duration
The asset allocation and investment strategy will be as per the Scheme Information Document. CAD: Current Account Deficit
ICICI Prudential
Credit Risk Fund
The scheme invests
predominantly in AA and
below rated credit
instruments with a Hold-
till-maturity approach
Medium
Duration
UltraShort
Duration
DynamicDurationFloaterFundCreditRisk
ICICI Prudential
Savings Fund
The scheme invests with
the aim to maintain a low
duration
Low
Duration

27. 27
Update on Key Schemes

28. 28
ICICI Prudential Balanced Advantage Fund (An open ended
dynamic asset allocation fund):Aim to Benefit From Market Volatility
• ICICI Prudential Balanced Advantage Fund (BAF) seeks to remove
the psychological barrier (Greed & Fear) for its investors.
• The Scheme aims to follow a buy-low and sell-high strategy.
Stock
Selection
Blend of Large and
Mid Cap Stocks
Asset
Allocation
Net Equity Level
Range 30-80%
based on In-House
P/BV Model
Derivative
Strategy
Derivative
Exposure for
Hedging / Portfolio
Rebalancing
The portfolio of the scheme is subject to changes within the provisions of the Scheme Information document of the scheme.

29. 29
SIP for the Long Run
SIP
ICICI Prudential Large & Midcap Fund
(An open ended equity scheme investing in both largecap and midcap stocks)
ICICI Prudential Midcap Fund
(An open ended equity scheme predominantly investing in mid cap stocks)
ICICI Prudential Smallcap Fund
(An open ended equity scheme predominantly investing in small cap stocks)

30. 30
ICICI Prudential Ultra Short Term Fund
(An open ended ultra-short term debt scheme investing in instruments such that
the Macaulay Duration* of the portfolio is between 3 months and 6 months)
Low Duration Play - Anticipating
volatility, the scheme has reduced its
modified duration over the last one year to
0.26 yrs (as on September 30, 2018)
Margin of Safety - The Yield To Maturity
(YTM) is at 8.98% as on September 30,
2018, 248 bps higher than the repo rate.
Data as of September 30, 2018; bps - basis points; Past performance may or may not be sustained in future.; *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 the price.
0.96 0.98
0.78
0.33 0.26
0.2
0.4
0.6
0.8
1
1.2
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Apr-18
May-18
Jun-18
Jul-18
Aug-18
Sep-18
Modifiedduration(inyrs)

31. 31
• Based on various filters, qualitative and
quantitative research
Well Researched Credit Universe
• Mitigating concentration risk by diversification
Broadened Exposure
• Clearly defined modified duration range
Managing Duration Risk
Strict Internal Limits at Issuer Level and
rating level
The asset allocation and investment strategy will be as per Scheme Information Document. *Direct origination means no involvement of intermediaries.
Accrual based schemes investment process
The scheme has an Independent credit
evaluation, approval and monitoring process
which is not solely relying on the Fund
Manager judgement to invest in a paper.
The scheme focuses on direct origination*
which helps in alpha generation and
monitoring.

32. 32
ICICI Prudential Credit Risk Fund
(An open ended debt scheme predominantly investing in AA and below rated corporate bonds)
Aims to invest in well researched
corporate bonds
Aims to generate alpha from any
potential credit upgrades
Aims to maintain stable accrual income
with Hold-to-Maturity approach
Data as of September 28, 2018; The asset allocation and investment strategy will be as per the Scheme Information Document. The portfolio of the scheme is subject to
changes within the provisions of the Scheme Information document.
The scheme portfolio is well-diversified across a large number of securities which
reduces risk pertaining to high exposure in a single security.
89 No. of securities in the scheme portfolio
1.06%
Average exposure to a single
security in the portfolio
5.03%
Highest exposure to single
security in the portfolio
31.3%
Exposure (as % of NAV) to the top 10
holdings in the portfolio
10.16
%
Yield to Maturity

33. 33
ICICI Prudential All Seasons Bond Fund
(An open ended dynamic debt scheme investing across duration)
ICICI Prudential All Seasons Bond Fund aims to perform in all market conditions
All Seasons Investment
Avenue
Uses an In-House CAD model
to manage duration between
1-10 yrs
Aims to benefit from Volatility
Tactical Allocation between
G-sec and Corporate
Securities
Data as of September 28, 2018; The asset allocation and investment strategy will be as per the Scheme Information Document. Past performance may or may not be sustained in
future. ^rounded off. CAD: Current Account Deficit.
5.95
9
5.73
6.59
1.11
8.50%
7.34% 7.44%
6.24%
6.53%
8.02%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
0
1
2
3
4
5
6
7
8
9
10
Jul-14
Dec-14
May-15
Oct-15
Mar-16
Aug-16
Jan-17
Jun-17
Nov-17
Apr-18
Sep-18
10-yrG-Secyields(%)
ModifiedDuration(inyrs)
Modified Duration G Sec (RHS)

34. 34
Our Equity Schemes
Scheme Name Type of Scheme
ICICI Prudential Bluechip Fund An open ended equity scheme predominantly investing in large cap stocks.
ICICI Prudential Large & Mid Cap Fund An open ended equity scheme investing in both large cap and mid cap stocks.
ICICI Prudential Midcap Fund An open ended equity scheme predominantly investing in mid cap stocks.
ICICI Prudential Smallcap Fund An open ended equity scheme predominantly investing in small cap stocks.
ICICI Prudential Value Discovery Fund An open ended equity scheme following a value investment strategy.
ICICI Prudential Multicap Fund An open ended equity scheme investing across large cap, mid cap, small cap stocks.
ICICI Prudential Exports and Services Fund An open ended equity scheme following Exports & Services theme.
ICICI Prudential Manufacture in India Fund An open ended equity scheme following manufacturing theme
ICICI Prudential Pharma Healthcare and
Diagnostics (P.H.D) Fund
An Open Ended Equity Scheme following Pharma, Healthcare, Diagnostic and allied Theme

35. 35
Our Hybrid Schemes
Scheme Name Type of Scheme
ICICI Prudential Balanced Advantage Fund An open ended dynamic asset allocation fund
ICICI Prudential Regular Savings Fund An open ended hybrid scheme investing predominantly in debt instruments
ICICI Prudential Equity Savings Fund
An open ended scheme investing in equity, arbitrage and
debt.
ICICI Prudential Equity & Debt Fund
An open ended hybrid scheme investing predominantly in equity and equity related
instruments
ICICI Prudential Multi-Asset Fund
An open ended scheme investing in Equity, Debt, Gold/Gold ETF/units of REITs & InvITs
and such other asset classes as may be permitted from time to time.

36. 36
Our Debt Schemes
Scheme Name Type of Scheme
ICICI Prudential Ultra Short Term Fund
An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration
of the portfolio is between 3 months and 6 months.
ICICI Prudential Short Term Fund
An open ended short term debt scheme investing in instruments such that the Macaulay duration of
the portfolio is between 1 Year and 3 Years.
ICICI Prudential Savings Fund
An open ended low duration debt scheme investing in instruments such that the Macaulay duration of
the portfolio is between 6 months and 12 months.
ICICI Prudential Medium Term Bond Fund
An open ended medium term debt scheme investing in instruments such that the 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 Credit Risk Fund An open ended debt scheme predominantly investing in AA and below rated corporate bonds.
ICICI Prudential Floating Interest Fund
An open ended debt scheme predominantly investing in floating rate instruments (including fixed rate
instruments converted to floating rate exposures using swaps/derivatives).
ICICI Prudential All Seasons Bond Fund An open ended dynamic debt scheme investing across duration.

37. 37
ICICI Prudential Multi-Asset Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended scheme investing in at least three asset classes with minimum allocation of 10% to each asset class.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Riskometers
ICICI Prudential Equity & Debt Fund is suitable for investors who are seeking*:
 Long term wealth creation solution
 A balanced fund aiming for long term capital appreciation and current income by investing in equity as well as fixed
income securities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Balanced Advantage Fund is suitable for investors who are seeking*:
 Long term wealth creation solution
 An equity fund that aims for growth by investing in equity and derivatives.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

38. 38
Riskometers
ICICI Prudential Bluechip Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended equity scheme predominantly investing in large cap stocks.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them
ICICI Prudential Value Discovery Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended equity scheme following a value investment strategy
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them
ICICI Prudential Large & Mid Cap Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended equity scheme investing in both largecap and mid cap stocks
*Investors should consult their financial advisers if in doubt about whether the product is suitable for
them

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ICICI Prudential Exports and Services Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open-ended equity scheme that aims for growth by predominantly investing in companies belonging to
Exports & Services industry.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Riskometers
ICICI Prudential Equity Savings Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended scheme that seeks to generate regular income through investments in fixed income securities,
arbitrage and other derivative strategies and aim for long term capital appreciation by investing in equity and
equity related instruments.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Multicap Fund is suitable for investors who are seeking*:
 Long term wealth creation
 An open ended equity scheme investing across largecap, mid cap and small cap stocks.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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Riskometers
ICICI Prudential Credit Risk Fund is suitable for investors who are seeking*:
 Medium term savings
 A debt scheme that aims to generate income through investing predominantly in AA and below rated
corporate bonds while maintaining the optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Medium Term Bond Fund is suitable for investors who are seeking*:
 Medium term savings
 A debt scheme that invests in debt and money market instruments with a view to maximize income while
maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Regular Savings Fund is suitable for investors who are seeking*:
 Medium to long term regular income solution
 A hybrid fund that aims to generate regular income through investments primarily in debt and money market
instruments and long term capital appreciation by investing a portion in equity.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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Riskometers
ICICI Prudential Short Term Fund is suitable for investors who are seeking*:
 Short term income generation and capital appreciation solution
 A debt fund that aims to generate income by investing in a range of debt and money market instruments of
various maturities.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential All Seasons Bond Fund is suitable for investors who are seeking*:
 All duration savings
 A debt scheme that invests in debt and money market instruments with a view to maximize income while
maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Smallcap Fund is suitable for investors who are seeking*:
 Long Term wealth creation
 An open ended equity scheme that seeks to generate capital appreciation by predominantly investing in equity
and equity related securities of small cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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Riskometers
ICICI Prudential Floating Interest Fund is suitable for investors who are seeking*:
 Short term savings
 An open ended debt scheme predominantly investing in floating rate instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Ultra Short Term Fund is suitable for investors who are seeking*:
 Short term regular income
 An open ended ultra-short term debt scheme investing in a range of debt and money market instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
ICICI Prudential Midcap Fund is suitable for investors who are seeking*:
 Long Term wealth creation
 An open-ended equity scheme that aims for capital appreciation by investing in diversified mid cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

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ICICI Prudential Manufacture in India Fund is suitable for investors who are seeking:*
 Long term wealth creation
 An open ended equity Scheme that aims to provide capital appreciation by investing in equity and equity
related securities of companies engaged in manufacturing theme.
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Riskometers
ICICI Prudential Savings Fund is suitable for investors who are seeking*:
 Short term savings
 An open ended low duration debt scheme that aims to maximize income by investing in debt and money market
instruments while maintaining optimum balance of yield, safety and liquidity
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) FUND is suitable for investors who are seeking:*
 Long term wealth creation
 An equity Scheme that predominantly invests in pharma, healthcare, hospitals, diagnostic, wellness and allied
companies
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

44. 44
Disclaimer for Mutual Funds
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
All figures and other data given in this document are dated. The same may or may not be relevant at a future date. The AMC takes no responsibility of updating any
data/information in this material from time to time. The information shall not be altered in any way, transmitted to, copied or distributed, in part or in whole, to any other person or
to the media or reproduced in any form, without prior written consent of ICICI Prudential Asset Management Company Limited. Prospective investors are advised to consult their
own legal, tax and financial advisors to determine possible tax, legal and other financial implication or consequence of subscribing to the units of ICICI Prudential Mutual Fund.
Past Performance may or may not be sustained in future.
Disclaimer: In the preparation of the material contained in this document, ICICI Prudential Asset Management Company Ltd. (the AMC) has used information that is publicly
available, including information developed in-house. The stock(s)/sector(s) mentioned in this slide do not constitute any recommendation and ICICI Prudential Mutual Fund may or
may not have any future position in this stock(s). Some of the material used in the document may have been obtained from members/persons other than the AMC and/or its
affiliates and which may have been made available to the AMC and/or to its affiliates. Information gathered and material used in this document is believed to be from reliable
sources. The AMC however does not warrant the accuracy, reasonableness and / or completeness of any information. We have included statements / opinions /
recommendations in this document, which contain words, or phrases such as “will”, “expect”, “should”, “believe” and similar expressions or variations of such expressions, that
are “forward looking statements”. Actual results may differ materially from those suggested by the forward looking statements due to risk or uncertainties associated with our
expectations with respect to, but not limited to, exposure to market risks, general economic and political conditions in India and other countries globally, which have an impact on
our services and / or investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange rates, equity prices or
other rates or prices etc. ICICI Prudential Asset Management Company Limited (including its affiliates), the Mutual Fund, The Trust and any of its officers, directors, personnel and
employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in
any way arising from the use of this material in any manner. Further, the information contained herein should not be construed as forecast or promise or investment advice. The
recipient alone shall be fully responsible/are liable for any decision taken on this material.