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Saturday, March 13, 2010 17:42 Hrs IST
ICICI Prudential MF announces changes
With effect from 14 April 2010
ICICI Prudential MF has announced revision in investment objective and asset allocation pattern of ICICI Prudential Advisors Series, with effect from 14 April 2010.
The changes are:
Investment objective:
ICICI Prudential Advisors Series is an open ended asset allocation fund, which is of the nature of fund of funds, comprising thereunder five investment plans, with primary objective to generate returns through investment in underlying schemes of onshore or offshore mutual fund(s).
The scheme has five plans to offer as under:
- ICICI Prudential Very Cautious Plan:
The primary objective of this plan is to seek 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 fund(s) having asset allocation to:
- Money market and debt securities.
This plan may be considered to be ideal for investors having a low risk appetite and a shorter duration of investment.
Asset Allocation:
| Instruments |
Indicative allocations (% of total assets) |
Risk Profiles |
|
Max. |
Min. |
|
| Debt oriented schemes |
100 |
30 |
Low to medium |
| Money market schemes/cash and liquid plans |
70 |
0 |
Low |
- ICICI Prudential Cautious Plan:
The primary objective of this plan is to seek to generate regular income primarily through investments in schemes domestic or offshore mutual fund(s) having asset allocation:
- Primarily of fixed income securities
- To a lesser extent (maximum of 35%) in equity and equity related securities so as to generate long term capital appreciation.
Asset Allocation:
| Instruments |
Indicative allocations (% of total assets) |
Risk Profiles |
|
Max. |
Min. |
|
| Equity oriented schemes |
35 |
0 |
High |
| Debt oriented schemes |
100 |
50 |
Low to medium |
| Money market schemes/cash and liquid plans |
30 |
0 |
Low |
| Gold exchange traded fund& other exchange traded fund* |
20 |
0 |
Medium |
| * The scheme will make investments in onshore Gold exchange traded fund and in case of other exchange traded funds (ETFs) the investments will be made both in onshore and offshore ETF(s) |
- ICICI Prudential Moderate Plan:
The primary investment objective of the plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore mutual fund(s) having asset allocation:
- Equity and equity related securities as well as
- Fixed income securities
Asset Allocation:
| Instruments |
Indicative allocations (% of total assets) |
Risk Profiles |
|
Max. |
Min. |
|
| Equity oriented schemes |
60 |
40 |
High |
| Debt oriented schemes |
60 |
30 |
Low to medium |
| Money market schemes/cash and liquid plans |
30 |
0 |
Low |
| Gold exchange traded fund& other exchange traded fund* |
20 |
0 |
Low |
| * The scheme will make investments in onshore Gold exchange traded fund and in case of other exchange traded funds (ETFs) the investments will be made both in onshore and offshore ETF(s) |
- ICICI Prudential Aggressive Plan:
The primary investment objective of the plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore mutual fund(s) having asset allocation:
- Equity and equity related securities and
- A small portion in debt and money market instruments
Asset Allocation:
| Instruments |
Indicative allocations (% of total assets) |
Risk Profiles |
|
Max. |
Min. |
|
| Equity oriented schemes |
80 |
50 |
High |
| Debt oriented schemes |
50 |
20 |
Low to medium |
| Money market schemes/cash and liquid plans |
10 |
0 |
Low |
| Gold exchange traded fund& other exchange traded fund* |
30 |
0 |
Low |
| * The scheme will make investments in onshore Gold exchange traded fund and in case of other exchange traded funds (ETFs) the investments will be made both in onshore and offshore ETF(s) |
- ICICI Prudential very Aggressive Plan:
The primary investment objective of the plan is to seek to generate long term capital appreciation from a portfolio that is invested predominantly in the schemes of domestic or offshore mutual fund(s) having asset allocation:
- Equity/ equity related securities
This plan is suitable for investor's seeking higher returns and having appetite for higher investments risks and market fluctuations.
Asset Allocation:
| Instruments |
Indicative allocations (% of total assets) |
Risk Profiles |
|
Max. |
Min. |
|
| Equity oriented schemes |
100 |
70 |
High |
| Debt oriented schemes |
10 |
0 |
Low to medium |
| Money market schemes/cash and liquid plans |
10 |
0 |
Low |
| Gold exchange traded fund& other exchange traded fund* |
30 |
0 |
Low |
| * The scheme will make investments in onshore Gold exchange traded fund and in case of other exchange traded funds (ETFs) the investments will be made both in onshore and offshore ETF(s) |
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