EQUITY FUNDS
Equity Income Fund - Equity Mutual Funds - ICICI Prudential

ICICI Prudential Equity Income Fund

An open-ended equity fund that seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative Strategies. It also intends to generate long-term capital appreciation by investing a portion of the Scheme?s assets in equity and equity related instruments.

Investment Philosophy

The scheme seeks to maintain gross equity exposure in the range of 65% to 75% using an in house asset allocation model (Price to Book Value model or P/BV model). The scheme seeks to benefit from arbitrage opportunities available in the market. The net equity exposure will be in the range of 20% to 40%.The scheme will actively manage duration. The maturity profile will be managed based on the market conditions, interest rate outlook and stability of ratings.

Key Benefits

  • A portfolio with no market cap bias.
  • Seeks to benefit from arbitrage opportunities available in the market.
  • Manages the equity levels in the range of 65% to 75% on the basis of asset allocation model i.e. P/BV model.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • The Scheme seeks to generate regular income through investments in fixed income securities and using arbitrage and other derivative strategies and also intends to generate long term capital appreciation by investing in equity and equity related instruments

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


Key Features

Type

Open-ended Equity Fund

Plan

Regular & Direct

Options

Cumulative option, AEP option (Appreciation and Regular) and Dividend option (Reinvestment and payout facility)

Default Option

Cumulative

Application Amount

Rs.5,000 (plus in multiple of Rs.1)

Min. Additional Investment

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

Entry Load

Not applicable.

Exit Load

• If units purchased or switched in from another scheme of the Fund are redeemed or switched out up to 10% of units within 1 Year from the date of allotment - Nil.
• If units purchased or switched in from another scheme of the Fund are redeemed or switched out more than 10% of units within 1 Year from the date of allotment - 1% of applicable NAV.
• If units purchased or switched in from another scheme of the Fund are redeemed or switched out after 1 year from the date of allotment - Nil $$.
$$ Switches made to all open ended equity schemes within 1 Year from the date of allotment - Nil.
w.e.f 10-11-16

Redemption Cheques Issued

Minimum Redemption Amt.

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

Systematic Investment Plan

Plan Monthly: Min Rs. 1,000 + 5 post - dated cheques for a minimum of Rs.1,000 each Quarterly: Minimum Rs. 5,000 + 4 post - dated cheques of Rs. 5,000 each.

Systematic Withdrawal Plan

Minimum of Rs.500 and multiple of Re. 1/-



Fund Manager

Equity: S. Naren and Chintan Haria and Mr. Kayzad Eghlim
Debt: Manish Banthia
For investment in ADR/GDR/Foreign Securities ? Shalya Shah

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