FUND OF FUNDS
Advisor Series - Dynamic Accrual Plan - ICICI Prudential

ICICI Prudential Advisor Series - Dynamic Accrual Plan

ICICI Prudential Advisor Series - Dynamic Accrual Plan seeks to provide reasonable returns, by making active allocation to the various debt & money market schemes of domestic or offshore mutual funds based on the interest rate outlook, the credit spreads and other such parameters.

Investment Philosophy

The plan seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity. The allocation of investments will be made primarily in schemes of ICICI Prudential Mutual Fund as follows:

  • Money market schemes/ cash and liquid plans (Maximum 70%, Minimum 0%).
  • Debt oriented schemes (Maximum 100%, Minimum 30%).

Investor Profile

This Plan is ideal for -

  • Investors having a low risk appetite and a shorter duration of investment.

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
  • No rebalancing transaction costs to investors.

This product is suitable for investors who are seeking* :

  • Short term savings solution
  • A Fund of Funds scheme that seeks to provide reasonable returns, commensurate with low risk while providing a high level of liquidity, through investments made primarily in the schemes of domestic or offshore Mutual Funds having asset allocation to debt and money market securities.

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


Key Features

Type

Short Term Debt Funds

Plan

Regular & Direct

Options

scGrowth and Dividend

Default Option

Regular: Cumulative

Application Amount

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

I) If Units purchased or switched in from another scheme of the Fund are redeemed or switched out upto 10% of the units (the limit) within 1 year from the date of allotment - NIL.
II) If units purchased or switched in from another scheme of the Fund are redeemed or switched out in excess of the limit within 1 year from the date of allotment - 1% of the applicable Net Asset Value (NAV).
III) 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.

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

Mr. Manish Banthia

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