FUND OF FUNDS
Advisor Series - Long Term Savings Plan - ICICI Prudential

ICICI Prudential Advisor Series - Long Term Savings Plan

ICICI Prudential Advisor Series - Aggressive Plan seeks to generate long term capital appreciation by making active allocation to the various equity, debt & money market schemes & the gold exchange traded fund of domestic or offshore mutual funds based on the asset valuations, interest rate outlook, the credit spreads and other such parameters.

Investment Philosophy

The plan seeks to generate long term capital appreciation from a portfolio that is invested predominantly in ICICI Prudential Mutual Fund schemes, mainly having asset allocation as follows:

  • Equity oriented schemes (Maximum 80%, Minimum 50%)
  • Debt oriented schemes (Maximum 50%, Minimum 20%)
  • Money market schemes (Maximum 10%, Minimum 0%)
  • Gold Exchange Traded Funds (Maximum 30%, Minimum 0%)

Investor Profile

This Plan is ideal for -

  • Investors willing to take risk, both in terms of concentration of holdings in a particular market sector as well as in the types of securities that one holds.

Key Benefits

  • Benefits of active management and regular monitoring,
  • Advisor Series enables asset allocation within a range and hence, active asset allocation is possible, which is better than static asset allocation
  • Tax efficiency since the investors are not subjected to Capital Gain / Loss when the Plan rebalances the portfolio (which is the case when investors buy or sell the underlying funds directly)
  • The fund of fund is treated as a single fund holding, thereby reducing paperwork involved in investing in different funds
  • The product offers the convenience of investing in a mix of three asset classes through one single application
  • No rebalancing transaction costs to investors.

This product is suitable for investors who are seeking* :

  • Long term wealth creation solution
  • A Fund of Funds scheme that seeks to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore Mutual Funds mainly having asset allocation to Equity and equity related securities and a small portion in debt and money market instruments.

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


Key Features

Type

Open ended Advisor Fund

Plan

Regular & Direct

Options

Growth and Dividend

Default Option

Regular: Cumulative

Application Amount

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

Min. Additional Investment

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

Entry Load

Nil. Upfront commission shall be paid directly by the investor to the AMFI registered Distributors based on the investors' assessment of various factors including the service rendered by the distributor.

Exit Load

If the amount sought to be redeemed or switched out, is invested for a period of upto three years from the date of allotment - 1% of the applicable NAV
If the amount sought to be redeemed or switched out, is invested for a period of more than three years from the date of allotment - Nil

Redemption Cheques Issued

Generally within 1 Business Day for specified RBI locations and an additional 3 Business Days for Non RBI locations.

Minimum Redemption Amt.

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

Systematic Investment Plan

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

Systematic Withdrawal Plan

Minimum of Rs.500 and Multiples of Rs.1



Fund Manager

Equity Portion: Mr. Mrinal Singh
Debt Portion: Mr. Manish Banthia

mailID