1) Major global economies like the US, Eurozone, UK, and Japan reported GDP growth in Q3 2021, though some numbers were weaker than initial estimates. 2) The US Federal Reserve kept interest rates unchanged but agreed to a faster tapering of bond purchases. The ECB also kept rates unchanged but increased asset purchases. The Bank of England raised rates slightly. 3) US Treasury yields rose on optimism around economic recovery and the Fed's decision to accelerate tapering, though concerns around rising COVID cases limited further increases.

1. 1

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

3. 3
Category Description Page No
Fund Name
INDEX
Fund Of Funds Schemes
Debt Schemes
ICICI Prudential Overnight Fund Overnight Fund An open ended debt scheme investing in overnight securities. 62
ICICI Prudential Liquid Fund Liquid Fund Investment in Debt and money market securities with maturity of upto 91 days only 63
ICICI Prudential Money Market Fund Money Market An open ended debt scheme investing in money market instruments 64
Fund
ICICI Prudential Ultra Short Term Fund Ultra Short An open ended debt scheme with Macaulay Duration between 3-6 months 65
Duration Fund
ICICI Prudential Savings Fund Low Duration Fund An open ended debt scheme with Macaulay Duration between 6 - 12 months 66
ICICI Prudential Floating Interest Fund Floater Fund An open ended debt scheme predominantly investing in floating rate instruments 67
ICICI Prudential Short Term Fund Short Duration An open ended debt scheme with Macaulay Duration between 1 – 3 years 68
Fund
ICICI Prudential Bond Fund Medium to Long An open ended debt scheme with Macaulay Duration between 4 – 7 years 69
Duration Fund
ICICI Prudential Corporate Bond Fund Corporate Bond An open ended debt scheme predominantly investing in AA+ or above rated 70
Fund securities.
ICICI Prudential Banking & PSU Debt Fund Banking & PSU An open ended debt scheme predominantly investing in Debt instruments of banks, 71
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. 72-73
ICICI Prudential Medium Term Bond Fund Medium Duration An open ended debt scheme with Macaulay Duration between 3 – 4 years 74
Fund
ICICI Prudential Long Term Bond Fund Long Duration An open ended debt scheme with Macaulay duration greater than 7 years 75
Fund
ICICI Prudential All Seasons Bond Fund Dynamic Bond An open ended dynamic debt scheme investing across duration 76
ICICI Prudential Gilt Fund Gilt Fund An open ended debt scheme investing in government securities across maturity 77
ICICI Prudential Constant Maturity Gilt Fund Gilt Fund with An open ended debt scheme investing in government securities having a 78
10-year Constant constant maturity of 10 Years
Duration
Solution Oriented Schemes
ICICI Prudential Child Care Fund (Gift Plan) Solution oriented Diversified Long Term Child Benefit Oriented Plan 79
scheme
ICICI Prudential Retirement Fund Solution Oriented An open ended Retirement Solution Oriented Scheme 80-83
Scheme
ICICI Prudential Thematic Advantage Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Sectoral/ 49
Thematic schemes.
ICICI Prudential Passive Strategy Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in Units of domestic 50
Equity Exchange Traded Funds
ICICI Prudential India Equity FOF Other Scheme An Open ended Fund of Funds investing in units of equity oriented schemes. 51
ICICI Prudential BHARAT 22 FOF Other Scheme An open ended fund of funds scheme investing in BHARAT 22 ETF 52
ICICI Prudential Global Advantage Fund (FOF) Other Scheme An open ended Fund of Funds scheme predominantly investing in mutual fund 53
schemes / ETFs that invest in international markets.)
ICICI Prudential Global Stable Equity Other Scheme Open ended Fund of Funds Scheme investing in overseas mutual fund schemes which 54
Fund (FOF) invest in stable companies globally
ICICI Prudential Asset Allocator Fund (FOF) Other Scheme An open ended fund of funds scheme investing in equity oriented schemes, 55
debt oriented schemes and gold ETFs/schemes.
ICICI Prudential Income Optimizer Fund (FOF) Other Scheme An open ended fund of funds scheme predominantly investing in debt oriented 56
schemes and may also invest in equity & hybrid schemes
ICICI Prudential Debt Management Fund (FOF) Other Scheme An open ended fund of funds scheme investing predominantly in debt oriented schemes. 57
ICICI Prudential Regular Gold Savings Fund (FOF) Other Scheme An Open Ended Fund of Funds scheme investing in ICICI Prudential Gold ETF 58
ICICI Prudential Nifty Low Vol 30 ETF FOF Other Scheme An open ended fund of funds scheme investing in ICICI Prudential Nifty Low Vol 30 ETF 59
ICICI Prudential Alpha Low Vol 30 ETF FOF Other Scheme An open ended fund of funds scheme investing in ICICI Prudential Alpha Low Vol 30 ETF 60
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 61

4. 4
Category Description Page No
Fund Name
INDEX
Closed Ended Equity Schemes
Other Details
Index and ETFs Schemes
ICICI Prudential Bharat Consumption
Fund - Series 3 Closed Ended Equity scheme following Consumption Theme 113
ICICI Prudential Bharat Consumption
Fund - Series 4 Closed Ended Equity scheme following Consumption Theme 114
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 115
Annexure For All Potential Risk Class 116-117
Annexure For All Benchmark Riskometer 118
Fund Details Annexure 119-125
Annexure for Returns of all the Schemes 126-136
Systematic Investment Plan (SIP) of Select Schemes 137-140
Performance of Select Schemes
Annexure - I 141
Annexure - II 142
IDCW History for all Schemes 142-147
Investment Objective of all the schemes 148-151
Schedule 1: One Liner Definitions 152
Schedule 2: How To Read Factsheet 153-154
Statutory Details & Risk Factors 154
ICICI Prudential Nifty 100 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Index 84
ICICI Prudential Nifty Index Fund Other Schemes (Index Fund) Nifty Index Fund 85
ICICI Prudential Nifty ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 50 Index 86
ICICI Prudential Nifty Low Vol 30 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty 100 Low Volatility 30 Index 87
ICICI Prudential Alpha Low Vol 30 ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Alpha Low-Volatility 30 Index 88
ICICI Prudential Nifty Next 50 Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating Nifty Next 50 Index 89
ICICI Prudential Sensex Index Fund Other Schemes (Index Fund) An open ended Index scheme replicating S&P BSE SENSEX Index 90
ICICI Prudential NV20 ETF Other Schemes (ETF) An open ended exchange traded fund tracking Nifty50 Value 20 Index 91
ICICI Prudential Sensex ETF Other Schemes (ETF) An open ended Exchange Traded Fund tracking S&P BSE SENSEX Index 92
ICICI Prudential Midcap Select ETF Other Schemes (ETF) An open ended exchange traded fund tracking S&P BSE Midcap Select Index 93
ICICI Prudential Midcap 150 ETF Other Schemes (ETF) An open ended Index Exchange Traded Fund tracking Nifty Midcap 150 Index 94-95
BHARAT 22 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund investing in S&P BSE Bharat 22 Index 96
ICICI Prudential S&P BSE 500 ETF Other Schemes (ETF) An Open-ended Exchange Traded Fund replicating/tracking S&P BSE 500 Index 97
ICICI Prudential Nifty Next 50 ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating/ tracking NIFTY Next 50 Index 98
ICICI Prudential Bank ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking NIFTY Bank Index. 99
ICICI Prudential Private Banks ETF Other Schemes (ETF) An open-ended Exchange Traded Fund replicating / tracking NIFTY Private Bank Index 100
ICICI Prudential IT ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking Nifty IT Index 101
ICICI Prudential Liquid ETF Other Schemes (ETF) An open-ended Exchange Traded Fund tracking S&P BSE Liquid Rate Index 102
ICICI Prudential Healthcare ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty Healthcare Index 103
ICICI Prudential FMCG ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty FMCG Index 104
ICICI Prudential Consumption ETF Other Schemes (ETF) An open-ended Index Exchange Traded Fund tracking Nifty India Consumption Index 105
ICICI Prudential PSU Bond plus 40:60 Other schemes (Index Fund) An open-ended target maturity Index Fund investing in the constituents of Nifty PSU 106
Index Fund Bond Plus SDL Sep 2027 40:60 Index.
ICICI Prudential NASDAQ 100 Index Fund Other schemes (Index Fund) An open ended index fund replicating NASDAQ-100 Index 107
ICICI Prudential Smallcap Index Fund Other schemes (Index Fund) An open ended equity scheme predominantly investing in small cap stocks 108-109
ICICI Prudential Midcap 150 Index Fund Other schemes (Index Fund) An open ended Index scheme replicating Nifty Midcap 150 Index 110-111
Gold Funds & ETFs
ICICI Prudential Gold ETF Other Schemes (ETF) An open ended exchange traded fund replicating domestic prices of gold 112

5. 5
• TheUSgrossdomesticproduct(GDP)grewatanannualisedrateof2.3%inthethirdquartercomparedwiththepriorestimateof2.1%and6.7%inthesecondquarter
• EurozoneGDPgrew3.9%on-yearinthethirdquarterfollowinganupswingof14.4%inthepreviousquarter
• TheUK'sGDPgrew1.1%inthethirdquarter,weakerthanthepreliminaryestimateof1.3%,and5.4%inthesecondquarter
• Japan'sGDPgrowthcontracted3.6%onanannualisedbasisinthethirdquarteroffiscal2021againstinitialestimatesofa3%fall,anda2%increaseinthesecondquarter
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Growth trends of developed economies Growth projections for 2021
Source:Financialwebsites,IMFandOECD
Global Economic Growth
Global Central Bank Highlights • The US Federal Reserve (Fed) kept the federal funds target range unchanged at 0.0-
0.25% but agreed that it would be buying $60 billion of bonds a month starting in
January 2022, half the level it bought prior to the tapering in November and $30 billion
belowtheDecemberlevel
• The European Central Bank left its benchmark refinancing rate unchanged at 0%, but
decidedtobrieflydoubleassetpurchasesundertheassetpurchaseprogramme(APP)
to cushion the end of its $2.1 trillion Pandemic Emergency Purchase Programme
(PEPP)inMarch
• The Bank of England raised the bank rate to 0.25% from a record low of 0.1%; however,
itkeptthebond-buyingprogrammeunchangedat£875billion
• The People's Bank of China lowered the one-year loan prime rate to 3.8% from 3.85%,
whilethefive-yearloanprimerateremainedunchangedat4.65%
Source:Financialnewswebsites
Source: Financial websites, Note: ^Euro zone interest rates are 0%, *Data as of Dec 2021
• US Treasury prices ended lower, with the yield on the 10-year paper settling at 1.51%
onDecember31,2021comparedwith1.46%onNovember30,2021
• Optimism about the economic scenario, upbeat economic data and the Federal
Reserve's (Fed) decision dented the prices. The Fed agreed it will accelerate the
reduction of its monthly bond purchases and signalled three interest rate increases in
2022. The US central bank will be buying $60 billion of bonds each month starting
January 2022, half the level prior to the November 2021 taper and $30 billion less than
ithadbeenbuyinginDecember2021
• Easing of concerns around the omicron Covid-19 variant after major pharmaceutical
companies assured that their dose provides similar protection against the omicron
variant of Covid-19, and a study from South Africa indicating that people infected with
the omicron coronavirus variant were 80% less likely to be admitted to hospital than if
they contracted other strains, also kept the prices under pressure (Covid 19-
CoronavirusDisease2019)
• However, further rise in the yields was capped on global growth concerns amid fears
ofpossiblepandemic-inducedrestrictionsduetorisingCovid-19andOmicroncases
• Disappointing labour market data for November month also aided the prices. US Non-
farm payrolls came in at 210,000 in November 2021 compared to revised 546,000 in
October2021(US:UnitedStates)
Source: Financial websites, Crisil Research
Global Bond Yields
US UK Japan Eurozone^
-34.0%
-24.0%
-14.0%
-4.0%
6.0%
16.0%
26.0%
36.0%
US Eurozone UK Japan
Annual
Growth
Q3 2020 Q4 2020 Q1 2021 Q2 2021 Q3 2021
6.0
5.0
6.8
2.4
5.6
5.2
6.9
1.8
0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
US Euro zone UK Japan
Growth
forecast
(%)
IMF World Economic Outlook, October 2021
OCED Economic outlook, December 2021
1.8%
0.3% 0.3%
0.8%
0.1%
0.3%
-0.1% -0.1% -0.1%
-0.5%
0.0%
0.5%
1.0%
1.5%
2.0%
2019 2020 2021*
Policy
interest
rate
%
-1
0
1
2
3
31-Dec-19
31-Mar-20
30-Jun-20
30-Sep-20
31-Dec-20
31-Mar-21
30-Jun-21
30-Sep-21
31-Dec-21
Yield
%
US 10-Year G-sec Yield UK 10-Year G-sec Yield
Germany 10-Year G-sec Yield Japan 10-Year G-sec Yield

6. 6
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
India Growth
Growth trend Growth projections for this fiscal
Source:Mospi.nic.in,IMF,OECD
• India's GDP continued to grow for the fourth straight quarter in July-September (the second quarter of this fiscal), recording 8.4% growth compared with 20.1% in April-June (the
firstquarter)
• Ingrossvalueadded(GVA)terms,theeconomygrew8.5%comparedwith18.8%inthepreviousquarter
• Theagriculturesectorgrew4.5%,thesameasinthepreviousquarter
• Manufacturinggrew5.5%comparedwith49.6%inthepreviousquarterandmining15.4%comparedwith18.6%
• Theconstructionsectorgrew7.5%comparedwith68.3%andelectricityandotherpublicutilities8.9%vs14.3%
• CRISIL pegged the GDP growth forecast for India at 7.8% for fiscal 2023 compared with growth estimates of 9.5% for fiscal 2022. Lower growth in fiscal 2023 is primarily a
reflection of the high base of the previous fiscal. Growth will continue to be supported by investments (largely government, but also private funding in some pockets and also
drivenbytheproduction-linkedincentive(PLI)scheme)andexports,whereasconsumptionwillreviveonlygradually
(Source:CrisilResearch)
Other Major Indicators
CPI-based inflation in November rose to 4.91% on-year compared
to 4.48% in October
The growth in the Index of Industrial Production (IIP) grew 3.2% in October,
compared to a revised 3.3% rise in September, and 4.5% growth in
October 2020
Output of eight core sectors grew 3.1% on-year in November 2021
compared to 8.4% growth in October 2021 and 1.1% contraction in
November 2020
Nikkei manufacturing Purchasing Managers' Index (PMI) in November
came in at 57.6 vs 55.9 in October and the services PMI came in at 58.1
in November from 58.4 in October
Source: MOSPI, IHS Markit
Real interest rate (RHS) CPI Inflation (LHS) 10-year G-sec yield (LHS)
8.2 7.1 6.6 5.8 5.4 4.6 3.3 3.0
-24.4
-7.4
0.5 1.6
20.1
8.4
-30.00
-25.00
-20.00
-15.00
-10.00
-5.00
0.00
5.00
10.00
15.00
20.00
25.00
Q1:
FY
2018-19
Q2:
FY
2018-19
Q3:
FY
2018-19
Q4:
FY
2018-19
Q1:
FY
2019-20
Q2:
FY
2019-20
Q3:
FY
2019-20
Q4:
FY
2019-20
Q1:
FY
2020-21
Q2:
FY
2020-21
Q3:
FY
2020-21
Q4:
FY
2020-21
Q1:
FY
2021-22
Q2:
FY
2021-22
Quarterly
GDP
-
Annualized
(%)
9.5 9.4
0.0
2.0
4.0
6.0
8.0
10.0
12.0
14.0
IMF World Economic Outlook,
October 2021 update
OCED Economic outlook, December
2021
3.2
-80
-60
-40
-20
0
20
40
60
80
100
120
140
160
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
Y-o-Y
growth
(%)
-1.1
0.4 1.3
-3.3
12.6
62.6
16.4
9.4 9.9 12.2
4.5 8.4
3.1
-50.00
-30.00
-10.00
10.00
30.00
50.00
70.00
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Core
sector
growth
(%)
56.3
56.4
57.7
57.5
55.4
55.5
50.8
48.1
55.3
52.3
53.7
55.9
57.6
53.7
52.3
52.8
55.3
54.6
54
46.4
41.2
45.4
56.7
55.2
58.4
58.1
-10
0
10
20
30
40
50
60
70
Nov-20
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Purchasing Managers' Index (PMI)
Manufacturing PMI Services PMI
4.91
-4.0
-2.0
0.0
2.0
4.0
6.0
0.0
2.0
4.0
6.0
8.0
10.0
Nov-15
Feb-16
May-16
Aug-16
Nov-16
Feb-17
May-17
Aug-17
Nov-17
Feb-18
May-18
Aug-18
Nov-18
Feb-19
May-19
Aug-19
Nov-19
Feb-20
May-20
Aug-20
Nov-20
Feb-21
May-21
Aug-21
Nov-21
Real
Interest
rate
(%)
CPI
&
10
year
G
sec
yield
%

7. 7
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
ECONOMIC
OVERVIEW
Indicators Nov-21 Oct-21 Sep-21 Aug-21 Jul-21 Jun-21
Source:TheReserveBankofIndia(RBI),OfficeoftheEconomicAdvisor,DirectorateGeneralofCivilAviation(DGCA),CRISILResearch,Financialwebsites
Boxesshadedgreendenotethebestvalue,whilethosesharedredindicatetheworstvalue
Economic indicators' heat map
Consumer Economy
Dates Events
Source:CrisilResearch
January 03, 2022
Key economic events in January
India IHS Markit Manufacturing PMI, December
US Markit Manufacturing PMI, December
US FOMC Meeting Minutes
India IHS Markit Services/Composite PMI, December
US Non-Farm Payrolls, December
Eurozone Consumer Prices, December
China Consumer Price Index, December
UK GDP, November
UK Industrial Output, November
India Industrial Production, November
India Consumer Prices, December
India Wholesale Price Inflation, December
India Trade Balance, December
China GDP, Q4
China Loan Prime Rate 1Y/5Y, January
Eurozone Consumer Confidence, January
US Fed Interest Rate Decision
US GDP, Q3 2021
China Industrial Profits, December
China Official Manufacturing PMI, January
Eurozone GDP, Q4
India Core Sector Growth, December
India Fiscal Deficit, December
Industrial Sector
Ease of Living
Inflation
Deficit Statistic
GST
Manufacturing PMI 57.6 55.9 53.7 52.3 55.3 48.1
Infra - core 3.1% 8.4% 4.5% 12.2% 9.9% 9.4%
Rail freight traffic (loading in million tonne) NA 117.3 106.0 110.6 112.7 112.6
Rail passenger traffic (in million) 377.0 344.4 294.5 256.0 191.9 142.1
Passenger vehicle sales in thousands 215.6 226.4 188.3 232.2 264.4 253.3
Two-wheeler sales in thousands 1050.6 1541.6 1528.5 1331.4 1253.9 1055.8
Tractor sales in thousands 63.8 115.6 92.5 53.7 65.2 110.4
Domestic air passenger traffic in thousands 1051.6 8985.0 7066.0 6701.0 5007.0 3113.0
Consumer Price Index (agricultural labourers) NA 1081.0 1067.0 1066.0 1061.0 1057.0
Consumer Confidence Index 62.3 NA 57.7 NA 48.6 NA
CPI inflation, % y/y 4.9% 4.5% 4.4% 5.3% 5.6% 6.3%
WPI inflation, % y/y 14.2% 12.5% 11.8% 11.6% 11.6% 12.1%
Trade balance, $ billion 22.9 -19.7 -22.6 -13.8 -11.0 -9.4
Fiscal deficit (Rs billion) 6956.1 5470.3 5268.5 4680.1 3211.4 2742.5
GST collections (Rs billion) 1315.3 1301.3 1170.1 1120.2 1163.9 928.5
January 05, 2022
January 07, 2022
January 10, 2022
January 11, 2022
January 12, 2022
January 14, 2022
January 17, 2022
January 20, 2022
January 21, 2022
January 26, 2022
January 27, 2022
January 30, 2022
January 31, 2022

8. 8
MARKET
REVIEW
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
India Equity Market Performance
Index performance Institutional flows
Source:NSE,BSE,SEBI,NSDL
• IndianequityindicesralliedinDecemberwithbenchmarksS&PBSESensexandNifty50gaining2%each.TheS&PBSESensexandNifty50climbed22%and
24%,respectively,in2021,registeringthebestgainssince2017
• Economic recovery from pandemic-driven loss, surplus liquidity and key public welfare schemes announced by the government helped shrug off negative
sentimentscausedbythesurgeinCovid-19casesandtheensuinglockdownrestrictions
• Markets climbed due to upbeat macroeconomic data, including strong domestic growth data, the rise in output of eight core sectors, 10-month high
manufacturingdataandarobustgoodsandservicestax(GST)revenuecollectioninNovember
• More gains were seen after the Reserve Bank of India (RBI) decided to maintain the interest rate at 4%, sustain its accommodative stance and retain its
domesticgrowthforecastat9.5%forfiscal2022
• Key schemes announced by the government, including Pradhan Mantri Garib Kalyan Package (PMGKP) Insurance Scheme, Gram Ujala Yojana and Pradhan
MantriYUVAYojanaalsoaidedthemarketrally
• InvestorsalsocheeredafterDrugsControllerGeneralofIndia(DCGI)grantedapprovalfortheanti-COVID-19pillMolnupiravirforemergencyuseinthecountry
• Markets also found support as domestic institutional investors (DIIs) continued their buying spree in the Indian market. DIIs bought equities worth Rs 312.31
billioninDecembercomparedwithRs305.60billioninNovember
• MarketsalsogainedaftertwointernationalstudiesshowedthatthehospitalisationriskintheOmicronvariantislowerthanthepreviousdeltavariant
• Global cues also supported the markets on expectations of an economic recovery after the US Fed in its policy meet decided to increase the pace of tapering
itsmonthlybondbuyingprogrammecitingstronggrowthandinflationarypressure,whilemaintainingratesunchanged
• SomegainswerecappedduetoconcernsoveranincreaseinthenumberofOmicroncasesgloballyanddomestically.Sellingbyforeigninstitutionalinvestors
(FIIs)furtherputpressureonthebenchmarks.FIIssoldRs190billionworthequitiesinDecembercomparedwithRs59billionsoldinNovember.
• All the S&P BSE sectoral indices, except for S&P BSE Bankex ended higher in December 2021. The information technology (IT), metal, consumer durables,
auto and healthcare counters saw heavy buying. The S&P BSE IT, S&P BSE Metal, S&P BSE Consumer Durables, S&P BSE Auto and S&P BSE Healthcare
indicesrose10-4%.S&PBSEBankexwastheonlyloser,declining0.1%
(Source:CRISIL)
2%
2%
8%
10%
3%
0%
5%
4%
1%
1%
0%
1%
3%
0%
-1%
6%
22%
24%
50%
56%
21%
43%
63%
47%
9%
39%
24%
55%
19%
39%
13%
66%
-50% 0% 50% 100% 150% 200%
S&P BSE Sensex
Nifty 50
S&P BSE Teck
S&P BSE IT
S&P BSE Healthcare
S&P BSE Capital goods
S&P BSE SmallCap
S&P BSE Consumer durables
S&P BSE FMCG
S&P BSE MidCap
S&P BSE Oil & Gas
S&P BSE Realty
S&P BSE Auto
S&P BSE PSU
S&P BSE Bankex
S&P BSE Metal
1 year returns % 1 month returns %
-600
-400
-200
0
200
400
600
800
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Net
flows
in
Rs
billion
FIIs, DIIs and MFs flows
FII - Equity Investment DII- Equity Investment
MF Flows - Equity Investment*
*DatatillDecember22,2021

9. 9
IndianmarketsmadedecentgainsinDecember2021.TheS&PBSESensexandNifty50rose~2%each,andendedtheyearwithanotablegainofmorethan22%in2021.(Source:BSEandNSE)
Sector-wise, information technology, Pharma, metals, auto and healthcare indices delivered positive returns in December, whereas banks, real estate and energy indices declined marginally.
(Source:BSEandNSE)
Globally, almost all markets ended higher than the previous month except Russia, Philippines and Hong Kong. Mexico (+7.2%), France (+6.4%), Thailand (+5.7%) and US Dow Jones (+5.4%)
gainedthemost.(Source:KotakResearch)
FIIscontinuedtobenet-sellersincashmarketinDecember.Meanwhile,DIIssoftenedtheblowfromlargeforeignoutflowswithanequallyaggressivenetbuying.(Source:NSE)
Auto volumes saw weak demand in tractors and 2Ws, and sequential improvement in cars. 2W industry volumes declined 5-10% YoY. Tractors volumes were down ~30% YoY, with weak retails
andcorrectionindealerinventory(IIFLCapital).Risingpricesofinputssuchascoalanddieselarelikelytoimpactretailcementprices.(Source:CRISIL)
We believe Indian markets performance will be influenced by the following factors: 1. Risks posed by the Omicron variant of Covid-19 virus 2. Central Bank actions 3. Inflation print 4. Expectations
fromtheUnionBudget.
Other key developments include: (1) Union Cabinet cleared the PLI scheme for semiconductors. (2) the Bank of England became the first major central bank to raise interest rates (3) The Fed
doubled the pace of the taper to $30 billion per month and signalled three rate hikes in 2022. (5) The SEBI announced new guidelines for IPOs to increase transparency - it includes asking rating
agenciestomonitorandreportutilizationofIPOproceeds,increaseinlock-inperiodforanchorinvestors,restrictionsonoffer-for-saleandrulesonIPOpricebandforbetterpricediscovery.
Ourviewgoingforward:
• Long-termviewonequityremainspositive,howeverthemedium-termviewhasturnedcautiousduetovaluationsmovinghigher.
• Broadmarketvaluationsarenotcheap.
• Therearefewpocketsacrosssectorswhicharestillreasonablyvalued.
• Weremainpositiveonsectors/themeslikeOil&Gas,Construction,Banks,Auto,PharmaandPSUcompanies,wherethevaluation,earningsordividendyieldremainsattractive.
• Intermsoftrigger,wewouldcontinuetomonitorUS10YeartreasuryyieldandUSFedroadmapforwithdrawalofstimulus.
• Sentimentsremainshighandincertainareasappearstobeeuphoric.
Hence, to summarize, we believe this phase may require investment portfolios to be highly nimble while giving due importance to overall asset allocation. Therefore, we recommend adapting the
'ABCD' investment framework with an aim to benefit from fast changing macros and to manage volatility. A -Asset Allocation Strategy (ICICI Prudential Asset Allocator Fund (FOF)) & Multi Asset
Strategy (ICICI Prudential Multi-Asset Fund), B - ICICI Prudential Balanced Advantage Fund, C - ICICI Prudential Business Cycle Fund, D - Strategy which is available at Discount to broader markets -
ICICIPrudentialFocusedEquityFundandICICIPrudentialValueDiscoveryFund.Investingintheseschemesoverlongtermmayprovideathrusttoyourwealthcreationjourney
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
EQUITY
MARKET
OUTLOOK
MARKET
OUTLOOK
Equity Market Outlook
The below table acts as a guide for investors who are either over invested or have a balanced exposure or are under invested in Equity
Our Recommendations
Overweight Equity Balanced Exposure Underweight Equity
What should you do? Book partial profits Remain invested
Invest in Asset Allocation Scheme or
equity scheme with flexibility
Which Schemes to invest?
Move partial profits to Hybrid/Fund of Fund
schemes.
RecommendedSchemes:
1.ICICIPrudentialBalancedAdvantageFund
2.ICICIPrudentialAssetAllocatorFund(FOF)
3.ICICIPrudentialMulti-AssetFund
4.ICICIPrudentialEquitySavingsFund
Continue investing in hybrid/Fund of Fund
schemes
RecommendedSchemes:
1.ICICIPrudentialMultiAssetFund
3.ICICIPrudentialBalancedAdvantageFund
2.ICICIPrudentialAssetAllocatorFund(FOF)
Invest in equity scheme with higher flexibility
of investing across market caps, themes,
sectorsetc*
RecommendedSchemes:
1.ICICIPrudentialFlexicapFund
2.ICICIPrudentialBusinessCycleFund
3.ICICIPrudentialValueDiscoveryFund
4.ICICIPrudentialFocusedEquityFund
5.ICICIPrudentialMNCFund
Plan of action for SIP/ STP Continue SIP/STP as the long term view remains intact, we recommend ICICI Prudential Freedom SIP* and ICICI Prudential Booster STP*
*The investment Strategy and allocation will be as per the Scheme Information Document. You may refer to our “Markets at 60000 level” file released in September 2021 for detailed basis for “our
recommendation”,byclickingonthelink: https://www.icicipruamc.com/downloads/market-outlook/Marketat60000level:OurViewandrecommendation
Equity Valuation Index
Equity Valuation Index
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,DataasonDecember31,2021hasbeenconsidered
127.1
50
70
90
110
130
150
170
Dec-05
Dec-06
Dec-07
Dec-08
Dec-09
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Dec-15
Dec-16
Dec-17
Dec-18
Dec-19
Dec-20
Dec-21
Aggressively Invest in Equities
Neutral
Incremental Money to Debt
Book Partial Profits
Invest in Equities

10. 10
Indian gold price closed at Rs 48,083 per 10 grams on December 31,
down 0.04% from Rs 48,101 on November 30
Bank deposit grew 9.6% and credit 7.2% on-year in December, compared
with 11.7% and 7% in November, respectively
Rupee advanced 1.1% to settle at Rs 74.33 against the dollar on
December 31 from Rs 75.13 on November 30
MARKET
REVIEW
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
India'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 3.53 -2 3.95 10
3M 3.88 28 4.35 41
6M 4.33 23 4.80 25
12M 4.50 6 4.91 6
Bond market
Liquidity in the banking system
Source:RBI
• Interbank call money rates hovered below the RBI's repo rate of 4% in December amid ample
liquidityinthesystem
• Noting the liquidity conditions, the RBI conducted several variable rate reverse repo auctions during
themonthtosuckoutexcessliquidity
• Gilts ended lower in December, with the yield on the 10-year benchmark 6.10% 2031 paper settling
at6.45%onDecember31,2021comparedwith6.33%onNovember30,2021
• PricesweredentedfollowingariseinlocalinflationandtheUSFed'sdecisiontodoublethequantum
ofscalingbackofitsmonthlybondpurchases
• India's consumer prices index (CPI)-based inflation rose 4.91% on-year in November compared with
a 4.48% rise in October. Wholesale Price Index (WPI)-based inflation soared to 14.2% in November
from12.54%inOctoberledbyariseinmanufacturingandfoodprices
• AriseinUSTreasuryyieldsandcrudeoilpricespulleddowntheprices
• Sentiments were weighed down further after the RBI unexpectedly conducted variable reverse repo
auctionstodrainoutexcessliquidity
• Gilts also fell after the Centre unexpectedly announced an auction of the current benchmark paper in
aweeklydebtsaleagainstexpectationsofanew10-yearpaper
• However, a sporadic fall in crude oil prices and US Treasury yields limited the downside to bond
prices
• Gilts got further support after the RBI's Monetary Policy Committee kept the key rates unchanged
anddecidedtocontinuewithitsaccommodativestance
• Worries about the impact of the Omicron variant on the economy augured well for bonds as
investorsshiftedtotheserelativelyless-riskierassets
• Anticipation of a special open market operation by the central bank towards the end of the month to
easetherecentriseinyieldsbuoyedtheprices
Tenure G-Sec* Change AAACB Change
1Y 4.37 10 4.67 7
3Y 5.30 21 5.60 20
5Y 5.87 17 6.20 8
10Y 6.46 13 6.96 6
Corporate bond spreads
G-secandcorporatebondsdataasofDecember31,2021
*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:6.10%GS2031
Tenure 6M 1Y 2Y 3Y 5Y 7Y 10Y
AAA 0.56 0.60 0.14 0.23 0.25 0.50 0.40
AA+ 1.82 1.86 1.40 1.49 1.98 2.23 2.13
AA 2.88 2.92 2.46 2.55 3.04 3.29 3.19
AA- 3.75 3.79 3.33 3.42 3.91 4.16 4.06
A+ 4.68 4.72 4.27 4.36 4.84 5.10 4.99
A 5.34 5.38 4.92 5.01 5.50 5.75 5.65
A- 5.52 5.56 5.10 5.19 5.68 5.93 5.83
Other Market Indicators
Brent crude price rose nearly 10.2% to close at $77.78 per barrel on
December 31 as against $70.57 a month back
Source: RBI, IBJA, financial websites
-12000
-10000
-8000
-6000
-4000
-2000
0
2000
4000
31-Dec-16
31-Dec-17
31-Dec-18
31-Dec-19
31-Dec-20
31-Dec-21
Banking
liquidity
(INR
billion)
60.00
65.00
70.00
75.00
80.00
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
Rupees per unit of $
Rupee
per
unit
of
$
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
11.0%
12.0%
13.0%
Dec-20
Jan-21
Feb-21
Mar-21
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Oct-21
Nov-21
Dec-21
Y-oY
growth
(%)
Deposits growth Credit growth
10
30
50
70
90
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
Oil
Price
($
per
barrel)
Oil Price ($ per barrel)
20000
30000
40000
50000
60000
Dec-16
Jun-17
Dec-17
Jun-18
Dec-18
Jun-19
Dec-19
Jun-20
Dec-20
Jun-21
Dec-21
Indian
gold
prices
per
10
gms
Indian Gold prices per 10 grams

11. 11
G-secyieldscontinuedtoriseinDecemberafterpausingforbreathinNovember.Thebenchmark10-yearG-secbreached6.40%markforthefirsttimeinayearandclosedat6.45%onDec31,2021
(6.33%asonNov30).Yieldsintheshorterendofthedurationalsoclimbedhigherasthecentralbanktightenedexcessbankingliquidity.
Corporate yields rose in tandem - the 10-year AAA-rated corporate bond closed at 7.02% on Dec 31, 2021 from 6.94% in the previous month. Yields on spread assets surged as well. India's largest
publicsectorbankraisedtheirbulkdepositratesby10bpsacrossthetenor.
The Monetary Policy Committee (MPC) meeting on 8 December concluded with the policy rates left unchanged and accommodative stance continued by a vote of 5-1. The Reserve Bank of India
announced increasing the quantum of its 14-day Variable-Rate Reverse Repo (VRRR) operations to Rs 7.5 lakh crore by Dec-end, but received a tepid response in the auctions as banks did not wish
topartawaywithliquidityforlongerduration.Overall,theRBIhasbeenaggressivelyusingVRRRstopushovernightratestowardsthereporate.
TheRBIauctionedRs12,000croreworthoffloatingratebonds(FRBs)inDecember.FRBsbenefittedfromrisingyieldsonitsbenchmark182-dayT-bill,whichresultedinahigheryieldonFRBs.
Headline consumer prices rose 4.9% year-on-year (YoY) in November 2021 due to elevated prices for fuel & light. Core inflation was higher at 6.3% YoY. Wholesale prices accelerated to 14.23% YoY
inNovember.
TheRBIhasgivenprecedencetoeconomicgrowthandrecoveryoverrisinginflation.Butthenewyearcouldseeafaster'normalisation'ofmonetarypolicyascentralbanksgloballyfinallypayheed
toshiftingsandsofthemarket.Achangingmacro-environmentandmonetarypolicywarrantsamoreactivemanagementoffixed-incomeportfoliothatcontinuallybalancesdurationandaccrual.
As communicated earlier, the above mentioned strategy would provide better accrual (active strategy which may take advantage of higher term premium) and would help in mitigating mark-to-
market impact (active strategy of having adequate short duration instruments). It may be an opportune time to invest in floating rate bond in this interest rate scenario to hedge interest rate
volatility.
In the current year, we recommend following strategies: Accrual Strategy and Active Duration strategy. Accrual strategy due to high spread premium which is still prevalent between the spread
assetsandAAA&MoneyMarketInstruments,asgoingforwardcapitalappreciationstrategymaytakeabackseatduetolimitedratecuts.Termpremiums(spreadbetweenlongerandshorterend
of the yield curve) remains one of the highest seen historically, because of which active duration strategy is recommended to benefit from the high term premium. In our portfolios, we may follow
barbellstrategyi.ehavinghighexposuretoextremeshort-endinstrumentswithanaimtoprotecttheportfoliofrominterestratemovementsandhighexposuretolong-endinstrumentswithanaim
tobenefitfromhighercarry.
OMO - Open Market Operations, MMI - Money Market instruments, VRRR - Variable Reverse Repo Rate, GSAP - G-sec acquisition programme, LAF - Liquidity Adjustment Facility, MPC - Monetary
PolicyCommittee
None ofthe aforesaid recommendations are based onany assumptions. These are purely for reference and the investors are requested toconsult their financial advisors before investing.
Fixed
Income
Outlook
MARKET
OUTLOOK
Fixed Income Outlook And Valuation Index:
Debt Valuation Index
Debt Valuation Index for Duration Risk Management
Data as on December 31, 2021. Debt Valuation Index considers WPI, CPI, Sensex returns, Gold returns and Real estate returns over G-Sec yield, Current Account Balance, Fiscal Balance, Credit
GrowthandCrudeOilMovementforcalculation.RBI–ReserveBankofIndia
2.04
0
1
2
3
4
5
6
7
8
9
10
Dec-18 Feb-19 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
Very Cautious
Cautious
Moderate
Aggressive
Highly Aggressive
Approach
Arbitrage ICICIPrudentialEquityArbitrageFund Investwith3Months&abovehorizon
Fixed Income Recommendations
Scheme Name Call to Action Rationale
Spreadsatreasonablelevels
ShortDuration ICICIPrudentialSavingsFund
ICICIPrudentialUltraShortTermFund
ICICIPrudentialFloatingInterestFund
Investforparkingsurplusfunds Accrual+ModerateVolatility
AccrualSchemes ICICIPrudentialCreditRiskFund
ICICIPrudentialMediumTermBondFund
CorePortfoliowith>1Yrinvestmenthorizon BetterAccrual
DynamicDuration ICICIPrudentialAllSeasonsBondFund LongTermApproachwith>3Yrsinvestmenthorizon ActiveDurationandBetterAccrual

12. 12
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialBluechipFund.
2. The scheme is currently managed by Anish Tawakley, Rajat Chandak and Vaibhav Dusad. Mr. Anish Tawakley has been managing this fund since Sep 2018. Total Schemes managed by the Fund Manager is 7 (6
arejointlymanaged).
Mr.RajatChandakhasbeenmanagingthisfundsinceJul2017.TotalSchemesmanagedbytheFundManageris5(4arejointlymanaged).
Mr. Vaibhav Dusad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 3 (2 are jointly managed). Refer annexure from page no. 126 for performance of other schemes
currentlymanagedbyAnishTawakley,RajatChandakandVaibhavDusad.
3. Dateofinception:23-May-08.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex.ThebenchmarkoftheschemehasbeenrevisedfromNifty50TRItoNifty100TRIw.e.f.May28,2018.
Returns of ICICI Prudential Bluechip Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
50.49 40.53
Scheme
Nifty 100 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 65.22)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
30.78
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 30,496.24 crores
Closing AUM as on 31-Dec-21 : Rs. 30,898.94 crores `
Fund Managers** :
Anish Tawakley (Managing this fund since Sep, 2018
& Overall 26 years of experience)
Rajat Chandak (Managing this fund since Jul, 2017
& Overall 11 years of experience)
Mr. Vaibhav Dusad (Managing this fund since Jan, 2021
& Overall 9 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 23-May-08 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Upto 1 Year from allotment - 1% of applicable NAV,
more than 1 Year - Nil
Total Expense Ratio @@ :
Other : 1.69% p. a.
Direct : 1.08% p. a.
29.17 12917.41 17.17 16091.78 16.19 21189.08 14.76 65220.00
26.45 12644.57 17.94 16413.79 17.45 22369.62 11.51 44054.04
25.59 12559.10 18.27 16551.76 17.65 22561.40 10.99 41339.31
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**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 119 to 125 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 142 to 147, For SIP Returns : Refer page no. from 137 to
140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
ICICI Prudential Bluechip Fund
(An open ended equity scheme predominantly investing in large cap stocks.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Large Cap Fund
Category
Application Amount for fresh Subscription :
Rs.100 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.100 (plus in multiples of Re.1)
NAV (As on 31-Dec-21): Growth Option : 65.22 IDCW Option : 27.18 Direct Plan Growth Option : 70.14 Direct Plan IDCW Option : 44.98 `
` `
`
` `
`
Average P/E :
36.44
Average P/B :
6.04
Average
Dividend Yield :
0.92
Std Dev
(Annualised) :
20.70%
Sharpe Ratio :
0.70
Portfolio Beta :
0.96
Annual Portfolio Turnover Ratio :
Equity - 0.21 times
Top 10 Sectors
Company/Issuer % to % to NAV
NAV Derivatives
Company/Issuer % to % to NAV
NAV Derivatives
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
Equity Shares 96.23% -3.18%
Auto 6.82% -0.46%
• Maruti Suzuki India Ltd. 3.50%
TVS Motor Company Ltd. 2.11% -0.46%
Eicher Motors Ltd. 0.66%
Tata Motors Ltd. - DVR 0.55%
Banks 24.36%
• ICICI Bank Ltd. 9.54%
• HDFC Bank Ltd. 7.84%
• Axis Bank Ltd. 5.15%
Kotak Mahindra Bank Ltd. 1.07%
State Bank Of India 0.76%
Cement & Cement Products 2.13%
Grasim Industries Ltd. 1.21%
Ultratech Cement Ltd. 0.93%
Construction Project 5.42% -0.03%
• Larsen & Toubro Ltd. 5.42% -0.03%
Consumer Non Durables 3.57%
ITC Ltd. 1.62%
United Breweries Ltd. 1.29%
Procter & Gamble Hygiene and Health Care
Ltd. 0.67%
Ferrous Metals 0.63%
Tata Steel Ltd. 0.63%
Finance 5.18%
• HDFC Ltd. 5.18%
Insurance 2.93%
SBI Life Insurance Company Ltd. 2.93%
Non - Ferrous Metals 1.72%
Hindalco Industries Ltd. 1.72%
Oil 1.31%
Oil & Natural Gas Corporation Ltd. 1.31%
Petroleum Products 7.49%
• Reliance Industries Ltd. 6.18%
Bharat Petroleum Corporation Ltd. 1.31%
Pharmaceuticals 4.26%
Sun Pharmaceutical Industries Ltd. 1.96%
Cipla Ltd. 1.41%
Lupin Ltd. 0.90%
Power 1.25%
NTPC Ltd. 1.25%
Retailing 1.76%
Avenue Supermarts Ltd. (D-Mart) 1.76%
Software 12.82%
• Infosys Ltd. 7.34%
• HCL Technologies Ltd. 3.26%
Tech Mahindra Ltd. 2.22%
Telecom - Services 5.03%
• Bharti Airtel Ltd. 5.03%
Foreign Equity 0.57%
Index Futures/Options -2.70%
Nifty 50 Index - Futures -2.70%
Treasury Bills 0.37%
364 Days Treasury Bill 2022 SOV 0.24%
91 Days Treasury Bill 2022 SOV 0.13%
Equity less than 1% of corpus 9.55%
Short Term Debt and net current assets 6.58%
Total Net Assets 100.00%
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty 100 TRI)
This Product is suitable for investors who are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme predominantly investing in large cap stocks.
Benchmark riskometer is at
Very High risk.
24.76%
13.20%
7.78%
7.49%
5.78%
5.76%
5.42%
5.03%
3.93%
3.82%
Banks
Software
Auto
Petroleum Products
Pharmaceuticals
Finance
Construction Project
Telecom - Services
Insurance
Consumer Non Durables

13. 13
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
Portfolio as on December 31, 2021
ICICI Prudential Flexicap Fund
(An open ended dynamic equity scheme investing across large cap, mid cap & small cap stocks)
Flexi Cap
Category
Note : - “Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Tracking
Error of the Scheme is not computed owing to the short time frame since launch
of the Scheme.”
@@ Total Expense Ratio is as on the last business day of the month.
**In addition to the fund manager managing this fund, overseas investment is
managed by Ms. Priyanka Khandelwal.
Refer page no 119 to 125 for details on option, entry load, SWP, STP/Flex STP/Value
STP & minimum redemption amount pertaining to the scheme.
ForIDCWHistory:Referpageno.from142to147,ForSIPReturns:Referpageno.from
137to140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Benchmark
S&P BSE 500 TRI
Average P/E :
35.00
Average P/B :
7.23
Average
Dividend Yield :
0.77
Style Box
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Fund Details
Fund Managers** :
Rajat Chandak
(Managing this fund since July, 2021
& Overall 11 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 17-Jul-21
Monthly AAUM as on 31-Dec-21 : Rs. 11,521.38 crores
Closing AUM as on 31-Dec-21 : Rs. 11,683.03 crores `
NAV (As on 31-Dec-21): Growth Option : 10.71 IDCW Option : 10.71 Direct Plan Growth Option : 10.79 Direct Plan IDCW Option : 10.79
Application Amount for fresh Subscription :
Rs. 5,000/- (plus in multiple of Re. 1)
Min.Addl.Investment :
Rs.1,000/- (plus in multiple of Re.1)
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option:
• 1% of applicable Net Asset Value -If the amountsought to be redeemed or
switch out within 12 months from allotment.
• Nil-If the amount sought to be redeemed or switched out more than 12
months.
The Trustees shall have a right to prescribe or modify the exit load structure with
prospective effect subject to a maximum prescribed under the Regulations.
Total Expense Ratio @@ :
Other : 1.75% p. a.
Direct : 0.11% p. a.
`
` `
`
` `
`
Top 10 Sectors
Equity Shares 84.42% -4.58%
Auto 9.41% 1.15%
• Mahindra & Mahindra Ltd. 5.92%
TVS Motor Company Ltd. 2.02% 1.15%
Maruti Suzuki India Ltd. 1.47%
Auto Ancillaries 3.42%
Motherson Sumi Systems Ltd. 2.48%
Sundaram Clayton Ltd. 0.95%
Banks 15.96%
• ICICI Bank Ltd. 5.98%
• HDFC Bank Ltd. 5.13%
• Axis Bank Ltd. 2.93%
State Bank Of India 1.92%
Chemicals 0.98%
Chemplast Sanmar Ltd 0.98%
Construction 1.22%
The Phoenix Mills Ltd. 1.22%
Construction Project 3.25%
• Larsen & Toubro Ltd. 3.25%
Consumer Durables 1.85%
Bajaj Electricals Ltd. 1.85%
Consumer Non Durables 3.81%
Britannia Industries Ltd. 2.61%
United Spirits Ltd. 1.20%
Ferrous Metals 1.33%
Tata Steel Ltd. 1.33%
Finance 3.29%
HDFC Ltd. 2.40%
SBI Cards & Payment Services Ltd. 0.90%
Industrial Products 1.61%
Polycab India Ltd. 1.61%
Insurance 4.51%
• SBI Life Insurance Company Ltd. 3.50%
ICICI Lombard General Insurance Company
Ltd. 1.01%
Oil 0.95%
Oil & Natural Gas Corporation Ltd. 0.95%
Petroleum Products 4.63%
• Reliance Industries Ltd. 4.63%
Pharmaceuticals 1.47%
Sun Pharmaceutical Industries Ltd. 1.47%
Retailing 2.97%
Trent Ltd. 1.62%
Avenue Supermarts Ltd. 1.35%
(D-Mart)
Software 10.48%
• Infosys Ltd. 4.21%
• HCL Technologies Ltd. 4.18%
Tata Consultancy Services Ltd. 1.09%
Tech Mahindra Ltd. 1.01%
Telecom - Services 4.11%
• Bharti Airtel Ltd. 4.11%
Index Futures/Options -5.74%
Nifty 50 Index - Futures -5.74%
Treasury Bills 2.68%
91 Days Treasury Bill 2022 SOV 1.75%
364 Days Treasury Bill 2022 SOV 0.94%
Company/Issuer % to % to NAV
NAV Derivatives
Annual Portfolio Turnover Ratio :
Equity - 0.08 times
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(S&P BSE 500 TRI)
This Product is suitable for investors who are seeking*:
• Longtermwealthcreation
• An open ended dynamic equity scheme investing across large cap, mid cap
andsmallcapstocks
Benchmark riskometer is at
Very High risk.
Company/Issuer % to % to NAV
NAV Derivatives
Equity less than 1% of corpus 9.16%
Short Term Debt and net current assets 17.48%
Total Net Assets 100.00%
15.96%
10.69%
10.57%
6.00%
5.74%
5.39%
4.63%
4.11%
4.05%
3.93%
Banks
Software
Auto
Cash,Cash Equivalents and Net Current Assets
Derivatives
Insurance
Petroleum Products
Telecom - Services
Finance
Auto Ancillaries

14. 14
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLarge&MidCapFund.
2. The scheme is currently managed by Parag Thakkar. Mr. Parag Thakkar has been managing this fund since June 2021. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed). Refer annexure
frompageno.126forperformanceofotherschemescurrentlymanagedbyParagThakkar.
3. Dateofinception:09-Jul-98.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. The performance of the scheme is benchmarked to the Total Return variant of the Index. The benchmark of the scheme has been revised from Nifty 50 TRI to Nifty LargeMidcap 250 TRI w.e.f. May 28, 2018. As
TRI data for the earlier benchmark is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of Nifty 50 PRI values from 09-Jul-98 to 30-Jun-99 and TRI values
from30-Jun-99.Forbenchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill27thMay2018andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Large & Mid Cap Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
371.43 314.40
Scheme
Nifty LargeMidcap 250 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 526.67)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
258.22
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 3,612.88 crores
Closing AUM as on 31-Dec-21 : Rs. 3,651.23 crores `
Fund Managers** :
Parag Thakkar
(Managing this fund since June, 2021 &
Overall 16 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 09-Jul-98 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Within 1 month from allotment - 1% of
applicable NAV, more than 1 month - Nil
(w.e.f. 1st Jan 2019)
Total Expense Ratio @@ :
Other : 2.10% p. a.
Direct : 1.31% p. a.
41.80 14179.52 18.75 16751.59 15.30 20396.17 18.38 526670.00
37.04 13703.83 20.63 17563.88 18.14 23036.74 14.69 250176.16
25.59 12559.10 18.27 16551.76 17.65 22561.40 14.58 245014.05
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno119to125fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from142to147,ForSIPReturns:Referpageno.from
137to140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
ICICI Prudential Large & Mid Cap Fund
(An open ended equity scheme investing in both large cap and mid cap stocks.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Large & Mid Cap Fund
Category
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-Dec-21): Growth Option : 526.67 IDCW Option : 22.14 Direct Plan Growth Option : 570.60 Direct Plan IDCW Option : 33.22 `
` `
`
` `
`
Average P/E :
24.16
Average P/B :
4.33
Average
Dividend Yield :
1.06
Std Dev
(Annualised) :
24.02%
Sharpe Ratio :
0.70
Portfolio Beta :
1.02
Annual Portfolio Turnover Ratio :
Equity - 1.02 times
•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.
@Short Term < 8 Years, Long Term > 8 Years.
Top 10 Sectors
Company/Issuer Rating % to % to NAV
NAV Derivatives
Company/Issuer Rating % to % to NAV
NAV Derivatives
Equity Shares 95.56% 1.30%
Auto 3.94%
Ashok Leyland Ltd. 1.57%
Tata Motors Ltd. - DVR 1.34%
TVS Motor Company Ltd. 1.04%
Banks 19.69% 1.30%
• ICICI Bank Ltd. 5.62%
• HDFC Bank Ltd. 3.92%
• The Federal Bank Ltd. 3.34% 1.30%
• Axis Bank Ltd. 2.74%
• State Bank Of India 2.68%
City Union Bank Ltd. 1.40%
Cement & Cement Products 0.96%
ACC Ltd. 0.96%
Construction 1.94%
The Phoenix Mills Ltd. 1.94%
Construction Project 0.86%
Larsen & Toubro Ltd. 0.86%
Consumer Non Durables 2.54%
Zydus Wellness Ltd. (Subsidiary of Cadila
Healthcare Limited) 1.28%
ITC Ltd. 1.27%
Finance 6.10%
Cholamandalam Financial Holdings Ltd. 2.48%
Mahindra & Mahindra Financial Services Ltd. 1.27%
LIC Housing Finance Ltd. 1.20%
Sundaram Finance Ltd. 1.15%
Industrial Products 4.23%
Cummins India Ltd. 1.76%
Bharat Forge Ltd. 1.25%
AIA Engineering Ltd. 1.22%
Insurance 4.52%
SBI Life Insurance Company Ltd. 2.48%
Max Financial Services Ltd. 1.11%
ICICI Lombard General Insurance Company Ltd. 0.93%
Leisure Services 1.35%
The Indian Hotels Company Ltd. 1.35%
Non - Ferrous Metals 3.27%
• Hindalco Industries Ltd. 3.27%
Oil 3.44%
• Oil & Natural Gas Corporation Ltd. 2.67%
Oil India Ltd. 0.77%
Petroleum Products 1.36%
Reliance Industries Ltd. 1.36%
Pharmaceuticals 4.01%
IPCA Laboratories Ltd. 1.57%
Cipla Ltd. 1.47%
Lupin Ltd. 0.97%
Power 7.91%
• NTPC Ltd. 5.89%
CESC Ltd. 2.02%
Software 5.67%
HCL Technologies Ltd. 1.82%
Infosys Ltd. 1.40%
Mphasis Ltd. 1.26%
Zensar Technologies Ltd. 1.19%
Telecom - Services 12.36%
• Bharti Airtel Ltd. 9.45%
• Tata Communications Ltd. 2.90%
Transportation 1.75%
Container Corporation Of India Ltd. 1.75%
Treasury Bills 0.14%
364 Days Treasury Bill 2022 SOV 0.14%
@
Government Securities - Short Term 0.14%
08.20% GOI 2022 SOV 0.14%
Equity less than 1% of corpus 9.65%
Short Term Debt and net current assets 2.87%
Total Net Assets 100.00%
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty LargeMidcap 250 TRI)
This Product is suitable for investors who are seeking*:
• LongTermWealthCreation
• Anopenendedequityschemeinvestinginbothlargecapandmidcapstocks.
Benchmark riskometer is at
Very High risk.
21.32%
12.36%
7.91%
6.58%
5.67%
5.47%
5.27%
4.65%
4.26%
3.44%
Banks
Telecom - Services
Power
Finance
Software
Pharmaceuticals
Auto
Insurance
Industrial Products
Oil

15. 15
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialMulticapFund.
2. The scheme is currently managed by Prakash Gaurav Goel. Mr. Prakash Gaurav Goel has been managing this fund since July 2021. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed).
Referannexurefrompageno.126forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
3. Dateofinception:01-Oct-94
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
8. The performance of the scheme is benchmarked to the Total Return variant of the Index. As TRI data is not available since inception of the scheme, the additional benchmark performance is calculated using
composite CAGR of Nifty 50 PRI values from 01-Oct-94 to 30-Jun-99 and TRI values since 30-Jun-99. The benchmark of the scheme has been revised from S&P BSE 500 TRI to Nifty500 Multicap 50:25:25 TRI
w.e.f.Jan29,2021.Forbenchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill28thJanuary2021andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Multicap Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
326.94 282.45
Scheme
Nifty500 Multicap 50:25:25 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 445.88)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
220.20
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 6,453.27 crores
Closing AUM as on 31-Dec-21 : Rs. 6,541.16 crores `
Fund Managers** :
Prakash Gaurav Goel
(Managing this fund since July, 2021 &
Overall 17 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 01-Oct-94 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Up to 12 Months from allotment - 1% of
applicable NAV, More than 12 Months - Nil
(w.e.f. 24 August, 2018)
Total Expense Ratio @@ :
Other : 1.99% p. a.
Direct : 1.04% p. a.
36.38 13637.98 16.42 15786.16 15.14 20248.86 14.94 445880.00
39.90 13990.03 21.74 18053.62 19.50 24392.85 NA NA
25.59 12559.10 18.27 16551.76 17.65 22561.40 11.24 182460.51
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno119to125fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from142to147,ForSIPReturns:Referpageno.from
137to140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
ICICI Prudential Multicap Fund
(An open ended equity scheme investing across large cap, mid cap, small cap stocks)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Multicap Fund
Category
NAV (As on 31-Dec-21): Growth Option : 445.88 IDCW Option : 25.59 Direct Plan Growth Option : 482.92 Direct Plan IDCW Option : 39.77 `
` `
`
` `
`
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
Average P/E :
30.75
Average P/B :
6.66
Average
Dividend Yield :
0.64
Std Dev
(Annualised) :
23.25%
Sharpe Ratio :
0.63
Portfolio Beta :
1.04
Annual Portfolio Turnover Ratio :
Equity - 0.29 times
Equity Shares 97.60%
Auto 3.44%
• TVS Motor Company Ltd. 3.44%
Auto Ancillaries 5.11%
• Minda Industries Ltd. 2.18%
Motherson Sumi Systems Ltd. 2.13%
Sundaram Clayton Ltd. 0.80%
Banks 20.04%
• ICICI Bank Ltd. 7.81%
• HDFC Bank Ltd. 4.77%
• State Bank Of India 2.24%
City Union Bank Ltd. 1.78%
The Federal Bank Ltd. 1.31%
Axis Bank Ltd. 1.19%
Bank Of Baroda 0.93%
Capital Markets 0.92%
Angel One Ltd. 0.92%
Cement & Cement Products 3.81%
JK Cement Ltd. 2.09%
JK Lakshmi Cement Ltd. 0.98%
Ultratech Cement Ltd. 0.74%
Construction 5.09%
The Phoenix Mills Ltd. 1.73%
Mahindra Lifespace Developers Ltd. 1.00%
G R Infraprojects Ltd. 0.92%
KNR Constructions Ltd. 0.75%
PNC Infratech Ltd. 0.69%
Construction Project 1.29%
Larsen & Toubro Ltd. 1.29%
Consumer Durables 5.65%
Bajaj Electricals Ltd. 2.02%
Orient Electric Ltd. 1.85%
Voltas Ltd. 1.79%
Consumer Non Durables 0.92%
Zydus Wellness Ltd. (Subsidiary of Cadila
Healthcare Limited) 0.92%
Entertainment 1.48%
PVR Ltd. 1.48%
Ferrous Metals 0.92%
Jindal Steel & Power Ltd. 0.92%
Finance 3.33%
Cholamandalam Financial Holdings Ltd. 1.75%
Mahindra & Mahindra Financial Services Ltd. 0.87%
Jm Financial Ltd. 0.71%
Industrial Capital Goods 0.77%
GMM Pfaudler Ltd. 0.77%
Industrial Products 0.98%
Bharat Forge Ltd. 0.98%
Insurance 3.11%
Max Financial Services Ltd. 1.67%
SBI Life Insurance Company Ltd. 1.44%
Pesticides 1.10%
Astec LifeSciences Ltd. 1.10%
Petroleum Products 2.47%
• Reliance Industries Ltd. 2.47%
Pharmaceuticals 5.61%
IPCA Laboratories Ltd. 1.89%
J.B.Chemicals & Pharmaceuticals Ltd. 1.03%
Natco Pharma Ltd. 0.96%
Sun Pharmaceutical Industries Ltd. 0.93%
Sanofi India Ltd. 0.81%
Power 1.14%
CESC Ltd. 1.14%
Retailing 4.05%
• Avenue Supermarts Ltd. (D-Mart) 3.04%
V-Mart Retail Ltd. 1.00%
Software 12.63%
• Infosys Ltd. 4.18%
• HCL Technologies Ltd. 2.50%
Cyient Ltd. 1.94%
Tech Mahindra Ltd. 1.83%
Wipro Ltd. 1.43%
Birlasoft Ltd. 0.75%
Telecom - Services 3.40%
• Bharti Airtel Ltd. 2.44%
Tata Communications Ltd. 0.96%
Transportation 0.64%
Container Corporation Of India Ltd. 0.64%
Corporate Securities ^
Britannia Industries Ltd. CRISIL AAA ^
Equity less than 1% of corpus 9.69%
Short Term Debt and net current assets 2.40%
Total Net Assets 100.00%
Company/Issuer Rating % to
NAV
Company/Issuer Rating % to
NAV
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
^ Value Less than 0.01% of NAV in absolute terms.
Top 10 Sectors
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(NIFTY 500 Multicap 50:25:25 TRI)
This Product is suitable for investors who are seeking*:
• LongTermWealthCreation
• An open ended equity scheme investing across large cap, mid cap and small
capstocks.
Benchmark riskometer is at
Very High risk.
20.76%
12.79%
6.29%
6.20%
5.96%
5.61%
4.44%
4.05%
3.98%
3.62%
Banks
Software
Auto Ancillaries
Consumer Durables
Construction
Pharmaceuticals
Finance
Retailing
Cement & Cement Products
Insurance

16. 16
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialIndiaOpportunitiesFund.
2. The scheme is currently managed by Sankaran Naren & Roshan Chutkey. Mr. Sankaran Naren has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 13 (13 are jointly
managed).
Mr. Roshan Chutkey has been managing this fund since Jan 2019. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed). Refer annexure from page no. 126 for performance of other schemes
currentlymanagedbySankaranNaren&RoshanChutkey.
3. Dateofinception:15-Jan-19.
4. AstheSchemehascompletedmorethan1yearbutlessthan3years,theperformancedetailsofonlysinceinceptionand1yearareprovidedherein.
5. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
6. Loadisnotconsideredforcomputationofreturns.
7. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
Returns of ICICI Prudential India Opportunities Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
11.32 -
Scheme
Nifty 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 16.90)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
-
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Derivatives are considered at exposure value.
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 4,178.75 crores
Closing AUM as on 31-Dec-21 : Rs. 4,325.46 crores `
Fund Managers** :
Mr. Sankaran Naren
(Managing this fund since Jan 2019 &
Overall 31 years of experience)
Mr. Roshan Chutkey
(Managing this fund since Jan 2019 &
Overall 14 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 15-Jan-19 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option:
1% of applicable NAV if the amount, sought to be redeemed/
switch out in invested for a period of upto 12 months from the date
of allotment.
Nil - if the amount, sought to be redeemed/switch out in invested
for a period of more than 12 months from the date of allotment.
Total Expense Ratio @@ :
Other : 2.04% p. a.
Direct : 0.68% p. a.
49.29 14929.33 - - - - 19.38 16900.00
31.60 13159.61 - - - - 19.46 16929.94
25.59 12559.10 - - - - 18.46 16514.88
ICICI Prudential India Opportunities Fund
(An open ended equity scheme following special situations theme)
Value Blend Growth
Large
Mid
Small
Concentrated
Style
Size
Thematic
Category
Note : - “Portfolio Beta, Standard Deviation, R Squared, Sharpe Ratio and Tracking Error of
the Scheme is not computed owing to the short time frame since launch
of the Scheme.”
@@ Total Expense Ratio is as on the last business day of the month.
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 119 to 125 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 142 to 147, For SIP Returns : Refer page no. from 137 to
140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Benchmark
Nifty 500 TRI
NAV (As on 31-Dec-21): Growth Option : Rs. 16.90 IDCW Option : 16.06 Direct Plan Growth Option : Rs. 17.69 Direct Plan IDCW Option : 16.84 `
` `
`
` `
`
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
Average P/E :
24.59
Average P/B :
3.37
Average
Dividend Yield :
1.82
Annual Portfolio Turnover Ratio :
Equity - 0.58 times
Equity Shares 92.45% 1.21%
Auto 6.55%
• TVS Motor Company Ltd. 2.77%
Mahindra & Mahindra Ltd. 2.14%
Tata Motors Ltd. - DVR 1.64%
Banks 14.12%
• Axis Bank Ltd. 6.93%
• ICICI Bank Ltd. 4.89%
State Bank Of India 2.30%
Finance 2.14%
LIC Housing Finance Ltd. 2.14%
Gas 4.39%
• GAIL (India) Ltd. 4.39%
Healthcare Services 2.05%
Aster DM Healthcare Ltd. 2.05%
Insurance 1.36%
Max Financial Services Ltd. 1.36%
Minerals/Mining 2.36%
• Coal India Ltd. 2.36%
Non - Ferrous Metals 2.06%
Hindalco Industries Ltd. 2.06%
Oil 4.85%
• Oil & Natural Gas Corporation Ltd. 3.84%
Oil India Ltd. 1.01%
Pharmaceuticals 14.20%
• Sun Pharmaceutical Industries Ltd. 10.08%
Lupin Ltd. 2.09%
Natco Pharma Ltd. 2.03%
Power 16.04%
• NTPC Ltd. 9.75%
• CESC Ltd. 3.96%
Kalpataru Power Transmission Ltd. 2.32%
Software 3.28%
HCL Technologies Ltd. 2.28%
Cyient Ltd. 0.99%
Telecom - Services 8.70%
• Bharti Airtel Ltd. 8.70%
Foreign Equity 1.15%
Wireless Telecommunication Services 1.15%
Vodafone Group Plc - SP ADR 1.15%
Treasury Bills 0.23%
91 Days Treasury Bill 2022 SOV 0.23%
Equity less than 1% of corpus 9.19% 1.21%
Short Term Debt and net current assets 6.11%
Total Net Assets 100.00%
Company/Issuer % to % to NAV
NAV Derivatives
Company/Issuer % to % to NAV
NAV Derivatives
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty 500 TRI)
This Product is suitable for investors who are seeking*:
• LongTermWealthCreation
• Anequityschemethatinvestsinstocksbasedonspecialsituationstheme.
Benchmark riskometer is at
Very High risk.
17.55%
16.04%
14.24%
8.70%
6.55%
6.13%
4.92%
4.85%
3.28%
2.69%
Banks
Power
Pharmaceuticals
Telecom - Services
Auto
Cash,Cash Equivalents and Net Current Assets
Gas
Oil
Software
Finance

17. 17
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialValueDiscoveryFund.
2. The scheme is currently managed by Sankaran Naren and Dharmesh Kakkad. Mr. Sankaran Naren has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 13 (13 are jointly
managed).
Mr. Dharmesh Kakkad has been managing this fund since Jan 2021. Total Schemes managed by the Fund Manager is 9 (7 are jointly managed). Refer annexure from page no. 126 for performance of other
schemescurrentlymanagedbySankaranNarenandDharmeshKakkad.
3. Dateofinception:16-Aug-04.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5.Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7.ThebenchmarkofthisschemehasbeenrevisedfromS&PBSE500TRItoNifty500Value50TRIw.e.f.February17,2020.
8.Astheschemewaslaunchedbeforethelaunchofthebenchmarkindex,benchmarkindexfiguressinceinceptionortherequiredperiodarenotavailable.
Returns of ICICI Prudential Value Discovery Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
174.59 141.25
Scheme
Nifty 500 Value 50 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 241.84)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
119.11
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 21,995.43 crores
Closing AUM as on 31-Dec-21 : Rs. 22,276.24 crores `
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)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 16-Aug-04 Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Upto 12 Months from allotment - 1%
of applicable NAV, more than 12
Months - Nil
Total Expense Ratio @@ :
Other : 1.73% p. a.
Direct : 1.09% p. a.
38.52 13851.88 19.61 17121.42 15.20 20303.92 20.11 241840.00
56.37 15636.60 13.53 14637.57 9.69 15887.53 NA NA
25.59 12559.10 18.27 16551.76 17.65 22561.40 16.16 135218.36
ICICI Prudential Value Discovery Fund
(An open ended equity scheme following a value investment strategy.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
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.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Investors are requested to take note of proposed changes in fundamental attributes of the scheme and
proposed merger with ICICI Prudential Value Fund - Series 18, 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 119 to 125 for details on option, entry load, SWP, STP/Flex STP/Value STP & minimum
redemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 142 to 147, For SIP Returns : Refer page no. from 137 to 140, For
InvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Value Fund
Category
Application Amount for fresh Subscription :
Rs.1,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.500 (plus in multiples of Re.1)
NAV (As on 31-Dec-21): Growth Option : 241.84 IDCW Option : 32.07 Direct Plan Growth Option : 260.73 Direct Plan IDCW Option : 72.49 `
` `
`
` `
`
Average P/E :
23.68
Average P/B :
3.72
Average
Dividend Yield :
1.55
Std Dev
(Annualised) :
19.87%
Sharpe Ratio :
0.83
Portfolio Beta :
0.55
Annual Portfolio Turnover Ratio :
Equity - 0.94 times
Equity Shares 93.79% -1.52%
Auto 10.45% -1.46%
• Mahindra & Mahindra Ltd. 6.37%
Tata Motors Ltd. - DVR 1.95%
Tata Motors Ltd. - Futures -1.46%
TVS Motor Company Ltd. 1.40%
Bajaj Auto Ltd. 0.73%
Auto Ancillaries 1.43%
Exide Industries Ltd. 1.43%
Banks 11.35%
• Axis Bank Ltd. 4.91%
• ICICI Bank Ltd. 4.73%
State Bank Of India 1.00%
HDFC Bank Ltd. 0.71%
Consumer Non Durables 3.20%
• ITC Ltd. 3.20%
Ferrous Metals 1.80%
Tata Steel Ltd. 1.80%
Finance 1.32%
LIC Housing Finance Ltd. 1.32%
Industrial Products 0.92%
Cummins India Ltd. 0.92%
Insurance 2.55%
Max Financial Services Ltd. 1.43%
ICICI Lombard General Insurance Company
Ltd. 1.12%
Non - Ferrous Metals 5.52%
• Hindalco Industries Ltd. 5.52%
Oil 6.05%
• Oil & Natural Gas Corporation Ltd. 6.05%
Pesticides 0.70%
UPL Ltd. 0.70%
Petroleum Products 2.77%
Bharat Petroleum Corporation Ltd. 2.77%
Pharmaceuticals 9.17%
• Sun Pharmaceutical Industries Ltd. 7.98%
Lupin Ltd. 1.19%
Power 7.89%
• NTPC Ltd. 7.89%
Software 3.78%
Infosys Ltd. 2.10%
HCL Technologies Ltd. 1.68%
Company/Issuer Rating % to % to NAV
NAV Derivatives
Company/Issuer Rating % to % to NAV
NAV Derivatives
Telecom - Services 6.18%
• Bharti Airtel Ltd. 6.18%
Transportation 1.47%
The Great Eastern Shipping Company Ltd. 0.82%
Gateway Distriparks Ltd. 0.65%
Foreign Equity 8.79%
Integrated Telecommunication Services 2.41%
Verizon Communications Inc. 2.41%
Personal Products 2.53%
Unilever Plc 2.53%
Wireless Telecommunication Services 2.83%
• Vodafone Group Plc - SP ADR 2.83%
Options -0.06%
Covered Call Option Exposure -0.06%
Treasury Bills 1.32%
364 Days Treasury Bill 2022 SOV 0.67%
91 Days Treasury Bill 2022 SOV 0.65%
Equity less than 1% of corpus 9.46%
Short Term Debt and net current assets 6.41%
Total Net Assets 100.00%
• 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.
Top 10 Sectors
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty 500 Value 50 TRI)
This Product is suitable for investors who are seeking*:
• LongTermWealthCreation
• Anopenendedequityschemefollowingavalueinvestmentstrategy.
Benchmark riskometer is at
Very High risk.
11.85%
11.53%
10.24%
8.72%
6.49%
6.18%
5.51%
4.95%
3.77%
3.61%
Banks
Auto
Pharmaceuticals
Power
Oil
Telecom - Services
Non - Ferrous Metals
Cash,Cash Equivalents and Net Current Assets
Software
Consumer Non Durables

18. 18
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialLongTermEquityFund(TaxSaving).
2. The scheme is currently managed by Harish Bihani. Mr. Harish Bihani has been managing this fund since Nov 2018. Total Schemes managed by the Fund Manager is 3 (1 are jointly managed). Refer annexure
frompageno.126forperformanceofotherschemescurrentlymanagedbyHarishBihani.
3. Dateofinception:19-Aug-99.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Long Term Equity Fund (Tax Saving) - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
445.70 360.55
Scheme
Nifty 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 596.05)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
284.71
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 9,830.01 crores
Closing AUM as on 31-Dec-21 : Rs. 9,964.64 crores `
Fund Managers** :
Harish Bihani
(Managing this fund since Nov, 2018 &
Overall above 13 Years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 19-Aug-99 Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP Option
Nil
Total Expense Ratio @@ :
Other : 1.77% p. a.
Direct : 1.17% p. a.
33.73 13373.35 18.22 16531.69 15.91 20935.34 20.04 596050.00
31.60 13159.61 19.11 16906.14 17.87 22774.86 14.76 217978.82
25.59 12559.10 18.27 16551.76 17.65 22561.40 13.64 174888.78
ICICI Prudential Long Term Equity Fund (Tax Saving)
(An open ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno119to125fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from142to147,ForSIPReturns:Referpageno.from
137to140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Equity Linked Savings
Scheme (ELSS)
Category
Equity Shares 98.27%
Auto 6.51%
Maruti Suzuki India Ltd. 1.79%
Ashok Leyland Ltd. 1.40%
Tata Motors Ltd. - DVR 1.18%
Mahindra & Mahindra Ltd. 1.15%
Eicher Motors Ltd. 1.00%
Banks 20.04%
• ICICI Bank Ltd. 7.13%
• HDFC Bank Ltd. 5.63%
• Axis Bank Ltd. 4.45%
• State Bank Of India 2.83%
Capital Markets 0.94%
Computer Age Management Services Ltd. 0.94%
Cement & Cement Products 1.08%
Ultratech Cement Ltd. 1.08%
Construction Project 2.24%
Larsen & Toubro Ltd. 2.24%
Consumer Durables 1.79%
Blue Star Ltd. 1.79%
Consumer Non Durables 2.62%
United Breweries Ltd. 1.50%
Hindustan Unilever Ltd. 1.12%
Entertainment 1.11%
Inox Leisure Ltd. 1.11%
Ferrous Metals 1.01%
Tata Steel Ltd. 1.01%
Finance 6.18%
• HDFC Ltd. 3.39%
SBI Cards & Payment Services Ltd. 2.80%
Insurance 5.62%
SBI Life Insurance Company Ltd. 2.39%
ICICI Lombard General Insurance Company Ltd. 2.05%
Max Financial Services Ltd. 1.17%
Non - Ferrous Metals 2.38%
Hindalco Industries Ltd. 2.38%
Other Services 0.88%
Quess Corp Ltd. 0.88%
Petroleum Products 4.25%
• Reliance Industries Ltd. 3.23%
Bharat Petroleum Corporation Ltd. 1.02%
Pharmaceuticals 2.16%
Sun Pharmaceutical Industries Ltd. 2.16%
Retailing 4.44%
Avenue Supermarts Ltd. (D-Mart) 2.83%
V-Mart Retail Ltd. 1.61%
Software 18.33%
• Infosys Ltd. 6.84%
• HCL Technologies Ltd. 5.18%
• Tech Mahindra Ltd. 3.42%
Birlasoft Ltd. 1.81%
Larsen & Toubro Infotech Ltd. 1.08%
Telecom - Services 5.52%
• Bharti Airtel Ltd. 5.52%
Transportation 1.24%
Container Corporation Of India Ltd. 1.24%
Equity less than 1% of corpus 9.93%
Short Term Debt and net current assets 1.73%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Application Amount for fresh Subscription :
Rs.500 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.500 & in multiples thereof
NAV (As on 31-Dec-21): Growth Option : 596.05 IDCW Option : 23.52 Direct Plan Growth Option : 646.58 Direct Plan IDCW Option : 37.57 `
` `
`
` `
`
Average P/E :
32.85
Average P/B :
6.83
Average
Dividend Yield :
0.81
Std Dev
(Annualised) :
22.54%
Sharpe Ratio :
0.71
Portfolio Beta :
1.01
Annual Portfolio Turnover Ratio :
Equity - 0.26 times
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty 500 TRI)
This Product is suitable for investors who are seeking*:
• 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.
Benchmark riskometer is at
Very High risk.
20.28%
18.33%
7.58%
6.51%
5.62%
5.52%
5.16%
4.25%
3.78%
3.49%
Banks
Software
Finance
Auto
Insurance
Telecom - Services
Retailing
Petroleum Products
Pharmaceuticals
Consumer Non Durables

19. 19
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialFocusedEquityFund.
2. TheschemeiscurrentlymanagedbyPrakashGauravGoel.Mr.PrakashGauravGoelhasbeenmanagingthisfundsinceJan2021.TotalSchemesmanagedbytheFundManageris4(1arejointlymanaged).Refer
annexurefrompageno.126forperformanceofotherschemescurrentlymanagedbyPrakashGauravGoel.
3. Dateofinception:28-May-09.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. The performance of the scheme is benchmarked to the Total Return variant of the Index. The benchmark of the scheme has been revised from S&P BSE 100 Index to S&P BSE 500 TRI w.e.f. May 28, 2018. For
benchmarkperformance,valuesofearlierbenchmarkhasbeenusedtill27thMay2018andrevisedbenchmarkvalueshavebeenconsideredthereafter.
Returns of ICICI Prudential Focused Equity Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
36.22 28.95
Scheme
S&P BSE 500 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 49.29)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
24.10
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 2,509.10 crores
Closing AUM as on 31-Dec-21 : Rs. 2,606.54 crores `
Fund Managers** :
Prakash Gaurav Goel
(Managing this fund since Jan, 2021 &
Overall 17 years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 28-May-09 Exit load for Redemption / Switch
out :- Lumpsum Investment Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil
Total Expense Ratio @@ :
Other : 2.07% p. a.
Direct : 0.78% p. a.
36.09 13608.50 19.39 17025.91 15.37 20452.28 13.49 49290.00
31.63 13163.18 19.30 16986.60 17.71 22613.81 13.45 49068.64
25.59 12559.10 18.27 16551.76 17.65 22561.40 12.99 46624.92
ICICI Prudential Focused Equity Fund
(An open ended equity scheme investing in maximum 30 stocks across market-capitalisation i.e. focus on multicap.)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Note:Defaulttriggerisnowsetat50%oftheappreciationofNAV.
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**In addition to the fund manager managing this fund, overseas investment is
managedbyMs.PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Referpageno119to125fordetailsonoption,entryload,SWP,STP/FlexSTP/ValueSTP
&minimumredemptionamountpertainingtothescheme.
ForIDCWHistory:Referpageno.from142to147,ForSIPReturns:Referpageno.from
137to140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Focused Fund
Category
Equity Shares 94.00%
Auto 6.73%
• Mahindra & Mahindra Ltd. 4.92%
TVS Motor Company Ltd. 1.81%
Banks 21.38%
• ICICI Bank Ltd. 5.89%
• HDFC Bank Ltd. 5.06%
• Axis Bank Ltd. 4.95%
• State Bank Of India 4.24%
Bank Of Baroda 1.24%
Cement & Cement Products 4.21%
Ultratech Cement Ltd. 2.33%
Ambuja Cements Ltd. 1.88%
Construction 6.35%
Brigade Enterprises Ltd. 2.55%
G R Infraprojects Ltd. 2.01%
The Phoenix Mills Ltd. 1.79%
Construction Project 4.07%
Larsen & Toubro Ltd. 4.07%
Consumer Non Durables 2.09%
ITC Ltd. 2.09%
Finance 6.61%
SBI Cards & Payment Services Ltd. 2.99%
HDFC Ltd. 1.98%
Cholamandalam Financial Holdings Ltd. 1.63%
Insurance 8.52%
• SBI Life Insurance Company Ltd. 4.60%
ICICI Lombard General Insurance Company Ltd. 2.03%
Max Financial Services Ltd. 1.89%
Petroleum Products 4.77%
• Reliance Industries Ltd. 4.77%
Pharmaceuticals 5.80%
Sun Pharmaceutical Industries Ltd. 4.01%
Alkem Laboratories Ltd. 1.78%
Power 2.71%
NTPC Ltd. 1.36%
CESC Ltd. 1.35%
Software 15.26%
• Infosys Ltd. 5.71%
• HCL Technologies Ltd. 5.33%
Tech Mahindra Ltd. 4.22%
Telecom - Services 4.54%
• Bharti Airtel Ltd. 4.54%
Equity less than 1% of corpus 0.95%
Short Term Debt and net current assets 6.00%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-Dec-21): Growth Option : 49.29 IDCW Option : 20.77 Direct Plan Growth Option : 54.09 Direct Plan IDCW Option : 37.59 `
` `
`
` `
`
Average P/E :
39.81
Average P/B :
5.70
Average
Dividend Yield :
0.95
Std Dev
(Annualised) :
18.72%
Sharpe Ratio :
0.85
Portfolio Beta :
0.81
Annual Portfolio Turnover Ratio :
Equity - 0.59 times
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(S&P BSE 500 TRI)
This Product is suitable for investors who are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme investing in maximum 30 stocks across
market-capitalisation.
Benchmark riskometer is at
Very High risk.
21.38%
15.26%
8.52%
6.73%
6.61%
6.35%
6.01%
5.80%
4.77%
4.54%
Banks
Software
Insurance
Auto
Finance
Construction
Cash,Cash Equivalents and Net Current Assets
Pharmaceuticals
Petroleum Products
Telecom - Services

20. 20
Style Box
Notes:
1. Differentplansshallhavedifferentexpensestructure.TheperformancedetailsprovidedhereinareofICICIPrudentialDividendYieldEquityFund.
2. The scheme is currently managed by Mittul Kalawadia. Mr. Mittul Kalawadia has been managing this fund since Jan 2018. Total Schemes managed by the Fund Manager is 7 (6 are jointly managed). Refer
annexurefrompageno.126forperformanceofotherschemescurrentlymanagedbyMittulKalawadia.
3. Dateofinception:16-May-14.
4. Pastperformancemayormaynotbesustainedinfutureandthesamemaynotnecessarilyprovidethebasisforcomparisonwithotherinvestment.
5. Loadisnotconsideredforcomputationofreturns.
6. Incase,thestart/enddateoftheconcernedperiodisanonbusinessdate(NBD),theNAVofthepreviousdateisconsideredforcomputationofreturns.TheNAVperunitshowninthetableisasonthestartdateof
thesaidperiod
7. TheperformanceoftheschemeisbenchmarkedtotheTotalReturnvariantoftheIndex
Returns of ICICI Prudential Dividend Yield Equity Fund - Growth Option as on December 31, 2021
1 Year 3 Years 5 Years Since inception
Particulars
18.17 16.40
Scheme
Nifty Dividend Opportunities 50 TRI (Benchmark)
Nifty 50 TRI (Additional Benchmark)
NAV (Rs.) Per Unit (as on December 31,2021 : 26.73)
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
13.23
CAGR
(%)
Current
Value of
Investment
of Rs. 10000
10.00
Top 10 Sectors
Portfolio as on December 31, 2021
Fund Details
Monthly AAUM as on 31-Dec-21 : Rs. 571.45 crores
Closing AUM as on 31-Dec-21 : Rs. 609.56 crores `
Fund Managers** :
Mittul Kalawadia
(Managing this fund since Jan, 2018 &
Overall 13 Years of experience)
Indicative Investment Horizon: 5 years & above
Inception/Allotment date: 16-May-14 Exit load for Redemption / Switch out
:- Lumpsum Investment Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year -Nil
Total Expense Ratio @@ :
Other : 2.75% p. a.
Direct : 1.39% p. a.
47.11 14711.06 17.67 16298.78 15.09 20204.08 13.75 26730.00
34.02 13401.73 16.03 15628.70 15.32 20408.46 12.34 24310.17
25.59 12559.10 18.27 16551.76 17.65 22561.40 13.63 26512.22
ICICI Prudential Dividend Yield Equity Fund
(An open ended equity scheme predominantly investing in dividend yielding stocks)
Value Blend Growth
Large
Mid
Small
Diversified
Style
Size
Thefiguresarenotnettedforderivativetransactions.
Risk-freeratebasedonthelastOvernightMIBORcut-offof3.60%
**In addition to the fund manager managing this fund, overseas investment is managed by Ms.
PriyankaKhandelwal.
@@TotalExpenseRatioisasonthelastbusinessdayofthemonth.
Please note that ICICI Prudential Dividend Yield Equity Fund has undergone change in
fundamental attributes with effect from closure of business hours on December 26, 2019.
Investorsmaypleasevisitwebsiteforfurtherdetails.
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 119 to 125 for details on option, entry load, SWP, STP/Flex STP/Value STP &
minimumredemptionamountpertainingtothescheme.
For IDCW History : Refer page no. from 142 to 147, For SIP Returns : Refer page no. from 137 to
140,ForInvestmentObjective:Referpageno.from148to151
Quantitative Indicators
Dividend Yield Fund
Category
Application Amount for fresh Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.1,000 (plus in multiples of Re.1)
NAV (As on 31-Dec-21): Growth Option : 26.73 IDCW Option : 16.17 Direct Plan Growth Option : 28.38 Direct Plan IDCW Option : 18.43 `
` `
`
` `
`
Average P/E :
36.45
Average P/B :
5.70
Average
Dividend Yield :
1.60
Std Dev
(Annualised) :
21.64%
Sharpe Ratio :
0.70
Portfolio Beta :
1.17
Annual Portfolio Turnover Ratio :
Equity - 0.78 times
Equity Shares 93.90%
Aerospace & Defense 1.07%
Hindustan Aeronautics Ltd. 1.07%
Auto 3.94%
• Mahindra & Mahindra Ltd. 3.94%
Banks 11.52%
• Axis Bank Ltd. 5.51%
• State Bank Of India 4.62%
ICICI Bank Ltd. 1.38%
Capital Markets 2.56%
Aditya Birla Sun Life AMC Ltd. 2.56%
Construction Project 5.69%
• Larsen & Toubro Ltd. 5.69%
Consumer Non Durables 3.42%
ITC Ltd. 2.12%
CCL Products (India) Ltd. 1.30%
Insurance 4.93%
• SBI Life Insurance Company Ltd. 4.93%
Minerals/Mining 2.00%
Coal India Ltd. 2.00%
Non - Ferrous Metals 3.17%
Hindalco Industries Ltd. 2.16%
Vedanta Ltd. 1.01%
Oil 3.69%
Oil India Ltd. 2.39%
Oil & Natural Gas Corporation Ltd. 1.29%
Pharmaceuticals 6.39%
• Sun Pharmaceutical Industries Ltd. 5.38%
Lupin Ltd. 1.01%
Power 3.41%
NTPC Ltd. 3.41%
Software 24.02%
• Infosys Ltd. 9.79%
• HCL Technologies Ltd. 5.38%
• Tech Mahindra Ltd. 4.60%
Zensar Technologies Ltd. 2.33%
Tata Consultancy Services Ltd. 1.92%
Telecom - Services 4.43%
• Bharti Airtel Ltd. 4.43%
Textile Products 1.15%
S. P. Apparels Ltd. 1.15%
Transportation 4.86%
Gujarat Pipavav Port Ltd. 2.81%
Gateway Distriparks Ltd. 2.04%
Foreign Equity 3.37%
Oil & Gas Exploration & Production 3.37%
ConocoPhillips Co 3.37%
Equity less than 1% of corpus 4.31%
Short Term Debt and net current assets 6.10%
Total Net Assets 100.00%
Company/Issuer % to
NAV
Company/Issuer % to
NAV
• Top Ten Holdings
Securities and the corresponding derivative exposure with less than 1%
to NAV, have been clubbed together with a consolidated limit of 10%.
Scheme
*Investors should consult their financial advisers if in doubt about whether the
product is suitable for them.
Investors understand that their principal
will be at Very High risk
Benchmark
This product labelling is applicable only to the scheme
Riskometer
(Nifty Dividend Opportunities 50 TRI)
This Product is suitable for investors who are seeking*:
• Long Term Wealth Creation
• An open ended equity scheme that aims for growth by primarily investing
in equity and equity related instruments of dividend yielding companies.
Benchmark riskometer is at
Very High risk.
24.02%
11.52%
6.39%
6.07%
5.69%
4.93%
4.86%
4.43%
3.94%
3.69%
Software
Banks
Pharmaceuticals
Cash,Cash Equivalents and Net Current Assets
Construction Project
Insurance
Transportation
Telecom - Services
Auto
Oil