BALANCED FUNDS
Regular Income Fund - ICICI Prudential AMC

ICICI Prudential Regular Income Fund

Investment Philosophy

ICICI Prudential Regular Income Fund is launched on May 3, 2011. The fund seeks to invest mainly in fixed income securities issued by corporates including Public Sector Undertakings (PSUs), financial institutions and banking entities. It will restrict allocation towards G-Sec with an aim to limit volatility.
The Fund proposes to invest in well researched investment grade debt instruments. Follows a rigorous credit selection process to spot mispriced credit opportunities, with a view to enhance yield with controlled risk levels.
It seeks to invest in Corporate Securities that offer relatively higher levels of yield at commensurate risks. Currently, the fund proposes to maintain modified duration around 1 year. However, this may change based on then prevailing market conditions. The fund aims to generate stable accrual income by investing in corporate bonds primarily with hold till maturity approach.

Investor Profile

  • The fund intends to generate stable accrual returns with lower volatility by holding its investment till its maturity and investing a portion in equity to generate low volatile income through arbitrage trades.
  • The fund endeavours to invest in relatively high yielding debt instruments. The Fund intends to generate reasonable returns across all interest rate cycles.

Key Benefits

  • Provides the twin benefits of growth from equity markets and steady income from debt markets.
  • Lower volatility of returns and lower risk through diversification.

This product is suitable for investors who are seeking* :

  • Medium term regular income solution
  • A hybrid fund that aims to generate regular income through investments primarily in debt and money market instruments and long term capital appreciation by investing a portion in equity

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.


Key Features

Type

Open-ended Income Fund

Plan

Regular & Direct

Options

Growth and Dividend

Default Option

Growth

Application Amount

Rs.5000 (plus in multiples of Rs.1)

Min. Additional Investment

Rs.1000 (plus in multiples of Re.1)

Entry Load

Nil.

Exit Load

a)If units purchased or switched in from another scheme of the fund are redeemed or switched out within 6 months from the date of allotment - 0.50% of applicable Net Asset Value(NAV).
b)If units purchased or switched in from another scheme of the fund are redeemed or switched out after 6 months from the date of allotment - Nil.

Redemption Cheques Issued

Generally Within 3 business day for Specified RBI locations and additional 3 Business Days for Non-RBI locations.

Minimum Redemption Amt.

Rs.500 (plus in multiples of Re.1)

Systematic Investment Plan

Monthly: Min Rs. 1000 + 5 post - dtd cheques for a minimum of Rs.1000 each Quarterly: Minimum Rs. 5000 + 4 post - dated cheques of Rs. 5000 each. Exit Load: (w.e.f. 24-08-09): (a) If the amount, sought to be redeemed or switched out, is invested for a period of upto fifteen months ? 1%; (b) If the amount, sought to be redeemed or switched out, is invested for a period of more than fifteen months from the date of allotment - Nil.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiples of Re1/-



Fund Manager

Equity: Mr. Rajat Chandak
Debt: Mr. Rahul Bhuskute, Mr. Manish Banthia, Mr. Ritesh Lunawat

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