icici prudential mutual fund (debt & equity) - 042008

8/14/2019 Icici Prudential Mutual Fund (Debt & Equity) - 042008

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ICICI Prudential Mutual Fund

Key Scheme Features ..................................................................................................................................................... 3 - 8

Scheme performance snapshot ................................................................................................................................. 9 - 13

Tax Implication on mutual fund investment ........................................................................................................ 13 - 14

Investor Information ......................................................................................................................................................... 14

o Declaration and Publication of Daily NAV ................................................................................................................. 14

o Investor Grievances Contact Details ......................................................................................................................... 14

o Unitholder Information .............................................................................................................................................. 14

Instructions for filling up the Application Form(s) ............................................................................................. 15 - 16

Systematic Investment Plan (SIP) Application Form ............................................................................................ 17 - 18

SIP Auto Debit Form .................................................................................................................................................. 19 - 20

SIP Standing Instruction Form ................................................................................................................................. 21 - 22

Main Application Form ............................................................................................................................................. 23 - 26

Systematic Transfer Plan (STP) Application Form ......................................................................................................... 27

Systematic Withdrawal Plan (SWP) Application Form ................................................................................................ 27

Trigger Application Form ................................................................................................................................................. 28

Form 60 (To be filled in, if PAN is not mentioned) .............................................................................................................. 29

Form 61 (To be filled in, if the income is agricultural income) ........................................................................................... 30

Branches / Transaction Points Addresses ...................................................................................................................... 31

INDEX


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LIQUID PLAN SHORT TERM PLAN

Open-ended Liquid Income Fund

To generate reasonable returns from low riskinvestments which provide high level of liquidity.

Money Market upto 80% & Debt Instruments upto 20%

Mutual Fund investments are subject to market risks.Please read the offer document carefully for details on

risk factors before investment.

(1)Growth Option; (2) Dividend Payout Option with Quarterly & Half Yearly Frequencies;(3) Dividend Reinvestment Option (a) with Daily,Weekly & Monthly Frequencies (b) with Quarterly &Half Yearly Frequencies.

Dividend Reinvestment with Weekly Frequency.

The Trustee may approve the distribution of dividends bythe AMC under the Dividend option, out of the net surplusof the Scheme. To the extent the net surplus is notdistributed, the same will remain invested in the Schemeand be reflected in the NAV.

Not Available

Not AvailableAvailable

Available

ForGrowth Option:Rs. 15,000;ForDividend Option:Rs. 1 lac (plus in multiples of Re.1)

Rs. 5,000 & in multiples thereof

Generally within 1 Business Day for specified RBIlocations and additional 3 Business Days for Non-RBIlocations.

Rs. 5,000

Crisil Liquid Fund Index

Mr. Chaitanya Pande

Nil

Nil

1.00%

0.88%

Open-ended Income Fund

To generate regular returns through investments in abasket of debt and money market securities.

Debt Securities upto 100% & Money Market & Cashupto 50%

Mutual Fund investments are subject to market risks.Please read the offer document carefully for details on


(1) Cumulative (2) Dividend Reinvestment withFortnightly & Monthly Frequencies.

Dividend Reinvestmentwith Fortnightly Frequency.


Not Available

Not AvailableAvailable

Available

Rs. 5,000 (plus in multiples of Re.1)

Rs. 500 & in multiples thereof

Generally within 1 Business Day for specified RBIlocations and additional 3 Business Days for Non-RBIlocations. @@

Rs.500

Crisil Short Term Bond Fund Index

Mr. Chaitanya Pande

Nil

Nil

2.25%

1.08%

TYPE

INVESTMENT OBJECTIVE

ASSET ALLOCATION PATTERN

RISK PROFILE OF THE SCHEMES

PLANS AND OPTIONS

Default Option

Dividend Policy

Systematic Investment Plan

Systematic Withdrawal PlanSwitch Facility

Systematic Transfer Plan $$

APPLICABLE NAV

MINIMUM APPLICATION AMOUNT

MIN. ADDITIONAL INVESTMENT

REDEMPTION CHEQUES ISSUED ##

MINIMUM REDEMPTION AMT.

BENCHMARK INDEX

NAME OF THE FUND MANAGER

EXPENSES OF THE SCHEME

Entry Load*

Exit Load* $$$

Estimated Recurring Expenses

Actual Recurring Expenses forthe previous financial yearended March 31, 2006 (% ofNAV)

KEY SCHEME FEATURES

* The Trustees reserve the right to change/modify the load structure at a later date for theSchemes.

** Recurring expenses are estimated based on a corpus size of Rs.1 crore and actual may varybased on the actual corpus.

*** Load Structure for Systematic Investment Plan/Systematic Transfer Plan (SIP/STP):Entry load of 2.25% of the applicable NAV will be charged on the SIP/STP investment under thisScheme. Exit Load on the SIP/STP Invesment under this Scheme is Nil. Exceptions:For all SIPand STP investments registered under ICICI Prudential Power and ICICI Prudential DiscoveryFund from June 21, 2006 to July 31, 2006: (i) If redemptions are made from June 21, 2006 to July5, 2006 no exit load shall be charged; (ii) If redemptions are made after July 5, 2006 but on orbefore the end of six months from the date of investment of each installment of SIP/STPinvestment, an exit load of 0.5% shall be charged.

**** For fresh and additional purchases (including SIPs and STPs) made in the schemesgiven hereinbelow during September 15, 2006 to October 16, 2006, the followingwill be applicable:

Open-ended Debt Fund

To generate income through investments in a baskedebt & money market instruments of various maturiwith a view to maximise income while maintainingoptimum balance of yield, safety and liquidity.

Debt Securities upto 75% and Money Market & Cash u25%

Mutual Fund investments are subject to market riPlease read the offer document carefully for details


Growth/Growth-AEP(Appreciation & Regular) aDividend^ with Quarterly & Half Yearly frequenci

Dividend Reinvestment with Half Yearly frequency.

The Trustee may approve the distribution of dividendsthe AMC under the Dividend option, out of the net surpof the Scheme. To the extent the net surplus is distributed, the same will remain invested in the Scheand be reflected in the NAV.

Monthly:Minimum Rs. 1,000 + 5 post-dated chequesa minimum of Rs. 1,000 each*****

Min. of Rs. 500 & in multiples of Re.1 thereafter.Available

Available

Rs. 5,000 (plus in multiples of Re. 1); Rs.25,000 for A


Generally within 1 Business Day for specified RBI locatiand additional 3 Business Days for Non-RBI locatio@@

Rs. 500

Crisil Composite Bond Fund Index

Mr. Pankaj Kaji

Nil

(1) For investment of less than or upto Rs.10 lacs 0.5if it is held for less than or equal to a period of 6 mon(2) For investment of above Rs.10 lacs Nil

2.00%

2.00%

INCOME PLAN

ICICI Prudential Power, ICICI Prudential Dynamic PlanandICICI Prudential DiscoPlan

i) 0.50% of the applicable NAV if the investment is made for an amount of less tha5 crores and is invested for a period of six months or less than six months fromdate of allotment.

ii) Nil for investment of Rs. 5 crores and above.

ICICI Prudential Income Multiplier Plan (i) 1.25% of the applicable NAV if the investmis made for an amount of less than Rs. 5 crores and is invested for a period of less than twmonths from the date of allotment. (ii) Nil for investment of Rs. 5 crores and above. Prudential Monthly Income Plan (i) 0.75% of the applicable NAV if the investment is mfor an amount of less than or equal to Rs. 10 Lakhs and is invested for a period of six moor less than six months from the date of allotment. (ii) Nil for investment of above Rs. 10 La

The exit load structure will also be applicable for switch-ins to any of the above schemes fromfollowing open-ended debt schemes alone: ICICI Prudential Liquid Plan, ICICI Prudential FloRate Plan, ICICI Prudential Sweep Plan - Cash Option.

NAME OF THE SCHEME


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KEY SCHEME FEATURES

GILT FUND (Treasury Plan) GILT FUND (Investment Plan)

Open-ended short-term Gilt Fund

To generate income through investment in Gilts ofvarious maturities.

Gilt Securities (incl. Treasury Bills). Average Maturitynormally not to exceed 3 years.

Mutual Fund investments are subject to market risks.Please read the offer document carefully for details onrisk factors before investment.

Growth/Growth-AEP(Appreciation & Regular)andDividend (Quarterly & Half Yearly)$ $

Dividend Reinvestment with Quarterly frequency


Not Available

Not Available

Available

Available

Rs. 25,000 (plus in multiples of Re. 1)

Rs. 5,000 & in multiples thereof.


Rs. 5,000

I Sec Si Bex

Mr. Rahul Goswami

Nil

Nil

1.10%**

1.09%

Open-ended medium-term Gilt Fund

To generate income through investment in Gilts ofvarious maturities.

Gilt Securities (incl. Treasury Bills). Average Maturitynormally not to exceed 8 years.

Mutual Fund investments are subject to market risks.Please read the offer document carefully for details onrisk factors before investment.

Growth/Growth-AEP(Appreciation & Regular)and Dividend(Half Yearly)

Dividend Reinvestment with Half Yearly frequency


Not Available

Not Available

Available

Available


Rs. 5,000 & in multiples thereof


Rs. 5,000

I-Bex

Mr. Rahul Goswami

Nil

Nil

1.15%**

1.15%

FLEXIBLE INCOME PLAN

Open-ended Income Fund

To generate income through investments in a range ofinstruments and money market instruments of vamaturities with a view to maximising income while maintathe optimum balance of yield, safety and liquidity.

10 to 100% Money market and Debentures with resmaturity of less than 1 year. 0 to 90% Debt instrumwith maturity more than 1 year.

Mutual Fund investments are subject to market risks. Pread the offer document carefully for details on risk fabefore investment.

CumulativeandDividend(Daily & Weekly Frequen

Dividend Reinvestment with Daily frequency

The above distribution and reinvestment policies as indiabove are provisional and will be entirely at the discrof the Trustee.

Monthly:Minimum Rs. 1,000 + 5 post-dated chequesminimum of Rs. 1,000 each. *****

Min. of Rs. 500 & in multiples of Re.1 thereafter.

Available

Available$$



Generally within 1 Business Day for specified RBI locaand additional 3 Business Days for Non-RBI locations

Rs. 500

Crisil Composite Bond Fund Index

Mr. Rahul Goswami

Nil

Investments made on or after March 28, 2007: 0.25% applicable NAV, if the redemption is made within 10from the date of investment.

1.50%

1.09%

There will be no change in the exit load structure for all purchases, SIPs, STPs, Switch-ins madeeither before September 15, 2006 or after October 16, 2006.

^ Under the Dividend Option, the Unit-holder may choose between Dividend Payout andReinvestment Option. If not chosen, Default Option would be Dividend Payout.

The scheme may invest in derivatives pursuant to SEBI Circular No. DNPD/CIR-2005 datedSeptember 24, 2005.

## As per the Regulations, the Fund shall dispatch redemption proceeds within 10 Business daysof receiving the redemption request. Investors are advised to refer to the sections titledSuspension of sale and redemption of units and Right to limit Redemption. The defaultoption for payment of redemption/dividend proceeds would be Direct Credit into their bankaccount (in case the investor has provided his bank mandate as one of the banks participatingin direct credit arrangement and if he fai ls to specify the mode of payment).

$ No entry load will be payable in respect of switch transaction from one equity scheme of ICICIPrudential to another equity scheme of ICICI Prudential.

$$ STP Facility:The minimum amount that can be transferred from one scheme to another is

Rs. 1000/- for a minimum of 6 installments. The unitholder can avail the STP facilitmaximum period of 10 years.

$$$ Where as a result of a redemption / switch arising out of excess holding by an investor b25% of the net assets of the scheme in the manner envisaged under specified SEBI circsuch redemption / switch will not be subject to exit load.

APPLICABLE NAV (Liquid Plan) For Purchases including Switch-ins:respect of the valid applications and where funds are available for utilization on theday received at the Official Point of Acceptance of Transactions of the Fund: 12.00 noon on a day the closing NAV of the day of immediately preceding the receipt of application After 12.00 noon on a day the closing NAV of thimmediately preceding the next business day. (b) However, irrespective of the treceipt of the application at the Official Point of Acceptance of Transactions of the where the funds are not available for utilization on the same day of application, thclosing NAV of the day immediately preceding the day on which the funds are avafor utilization.

NAME OF THE SCHEME

TYPE




PLANS AND OPTIONS

Default Option

Dividend Policy


Systematic Withdrawal Plan

Switch Facility


APPLICABLE NAV





BENCHMARK INDEX


EXPENSES OF THE SCHEMEEntry Load*

Exit Load* $$$


Actual Recurring Expenses for theprevious financial year ended

March 31, 2006 (% of NAV)


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KEY SCHEME FEATURES

MONTHLY INCOME PLAN

An open-ended fund. Monthly income is not assuredand is subject to the availability of distributable surplus.

To generate regular income through investments indebt and money market instruments and also togenerate long term capital appreciation by investinga portion in equity and equity related instruments.

Debt securities, money market instruments,securitised debt & Cash upto 85%, Equi ty & Equityrelated securities upto 15%

Mutual Fund investments are subject to market risks.Please read the offer document carefully for detailson risk factors before investment.

Cumulative andDividend(Monthly, Quarterly, HalfYearly). AEP(Appreciation & Regular).

Dividend Reinvestment (Monthly)

Please refer to page 10 of this document.

Dividend & AEP Option -Monthly andCumulative(without AEP) Option- Monthly: Min. Rs. 1,000 + 5post-dtd. cheques for a minimum of Rs. 1,000 each. *****


Available

Available$$

Cumulative Rs.5,000; Dividend&AEP-Rs.25,000(plus multiples of Re1)

Rs.500 & in multiples thereof under each option


Rs.500

Crisl MIP Blended Index

Equity : Prashant Kothari

Debt : Chaitanya Pande

Nil

(1) For investment of less than or upto Rs.10 lacs 0.50% if investment is held for less than or equal toa period of 6 months; (2) For investment of aboveRs.10 lacs NIL

2.25%

1.81%

INCOME MULTIPLIER FUND -Regular plan

An open-ended Debt Fund

To generate long term capital appriciation from aportfolio that is invested predominantly in debt &money market instruments and the balance in equityand equity-related securities.

Equity & Equity Releated Securities 0-30%, Debt in-struments 65-100%, Cash & money market instru-ments 0-5%.


Cumulative andDividend

Dividend Reinvestment

The above distribution and reinvestment policies asindicated above are provisional and will be entirely atthe discretion of the Trustee.

Monthly: Minimum Rs. 1,000 + 5 post-dated chequesfor a minimum of Rs. 1,000 each. ****

*****


Available

Available$$

Rs.5,000

Rs.500 & in multiples thereof.

Generally within 3 Business Days for specified RBIlocations and additional 3 Business Days for Non-RBIlocations.

Rs.500

Crisil MIP Blended Index

Equity : Prashant Kothari

Debt : Chaitanya Pande

Nil

(i) 1% - For investments of less than Rs. 5 crores andif the investments are held for less than a period of12 months; (ii) No Exit Load for investments of Rs.5 crores and above.

2.25%

2.13%

BALANCED FUND

Open ended Balanced Fund

To seek to generate long-term capital appreciationand current income from a portfolio that is investedin equity and equity related securities as well as infixed income securities.

Equity and Equity related instruments : 65% to 80%and Debt, Money Market & Cash : 20% to 35%.


Growth & Dividend


The above distribution and reinvestment policies asindicated above are provisional and will be entirelyat the discretion of the Trustee.

Monthly: Minimum Rs. 1,000 + 5 post-dated chequesof a minimum of Rs. 1,000 each.

***


Available$

Available$$



Generally within 3 Business Days from the date ofreceipt of transaction for specified RBI locations andan additional of 3 Business Days for Non RBI locations.

Rs. 500

Crisil Balanced Fund Index

Equity : Deven Sangoi

Debt : Pankaj Kaji

(1) For investment of less than Rs. 5 Crores:Entry load at 2.25% of applicable NAV; (2) Forinvestment of Rs.5 Crores and above: Entry loadis Nil.

Nil

2.50% **

2.30%

For Redemptions including Switch-outs:In respect of valid applications received at theOfficial Point of Acceptance of Transactions of the Fund: Up to 3.00 p.m. the closing NAVof the day immediately preceding the next business day. After 3.00 p.m. the closing NAVof the next business day.

NAV will be calculated for each calendar day in respect of all Liquid Schemes and their Plans.The term Business Day does not include a day on which the money markets are closed orotherwise not accessible.

APPLICABLE NAV for all the Schemes other than Liquid Plan Purchases includingswitch ins: In respect of valid applications received upto 3 p.m. by the Mutual Fundalongwith a local cheque or a demand draft payable at par at the place where theapplication is received, the closing NAV of the day on which application is received shallbe applicable.

In respect of valid applications received after 3.00 p.m. by the Mutual Fund alongwith alocal cheque or a demand draft payable at par at the place where the application is received,the closing NAV of the next business day shall be applicable.

Outstation cheques and cash will not be accepted under any circumstances.

Redemptions including switch outs: In respect of valid applications received upp.m. by the Mutual Fund, same days closing NAV shall be applicable.

In respect of valid applications received after 3.00 p.m. by the Mutual Fund, the closing of the next business day shall be applicable.

***** For SIP/STP investment under this Scheme: Entry Load Nil, Exit Load Nil.

Minimum amount per AEP transaction will be Rs.100/-.

For dividend of Rs.500 or less the Dividend will be Automatic Compulsory Reinvestm(irrespective of the option selected by the Unitholder) & for Dividend of more than Rs.500either be paid out or reinvested as opted by the Unitholders, If not selected the default opwould be dividend reinvestment.

@@ There would be a cooling-off period of 5 Business Days from the date of receipt osubscription, during which no redemption request would be processed by AMC in respethe same investment. However, the AMC may process the redemption during the coo

GROWTH PLAN

Open-ended Equity Fund

To seek to generate long-term capital appreciatfrom a portfolio that is invested predominantlequity and equity related securities.

Equity and Equity related instruments upto 95%Debt, Money Market and Cash upto 5%.

Mutual Fund investments are subject to market riPlease read the offer document carefully for deton risk factors before investment.

Growth & Dividend


The above distribution and reinvestment policieindicated above are provisional and will be entirethe discretion of the Trustee.

Monthly:Minimum Rs. 1,000 + 5 post-dated cheqfor a minimum of Rs. 1,000 each.

***

Min. of Rs. 500 & in multiples of Re.1 thereafter

Available$

Available$$



Generally within 3 Business Days from the datreceipt of transaction for specified RBI locations aan additional of 3 Business Days for Non RBI locat

Rs. 500

S&P CNX Nifty

Deven Sangoi

(1) For investment of less than Rs. 5 CroEntry load at 2.25% of applicable Net Asset Va(NAV);(2) For investment of Rs.5 Crores aabove: Entry load is Nil.

Nil

2.50%

2.34%


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POWER

TYPE




PLANS AND OPTIONS

Default Option

Dividend Policy



Switch Facility


APPLICABLE NAV





BENCHMARK INDEX



Exit Load* $$$


Actual Recurring Expenses for theprevious financial year endedMarch 31, 2006 (% of NAV)

KEY SCHEME FEATURES

FMCG FUNDTAX PLAN

Open-ended Equity Linked SavingScheme

To seek to generate long-term capitalappreciation from a portfolio that isinvested predominantly in equity andequity related securities.

Equity and Equity related instrumentsupto 90% & Debt, Money Market andCash upto 10%.

Mutual Fund investments are subject tomarket risks. Please read the offerdocument carefully for details on riskfactors before investment.

Growth & Dividend


The above distribution and reinvestmentpolicies as indicated above are provisionaland will be entirely at the discretion ofthe Trustee.

Monthly:Minimum of Rs. 500 or multiplesthereof & 5 post dated cheques for aminimum of Rs. 500 for a block of 5months in advance.

***

Not available

Available after lock-in period of 3 years$

Available$$

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


Generally within 3 Business Days fromthe date of receipt of transaction forspecified RBI locations and anadditional of 3 Business Days for NonRBI locations after lock in period of 3years.

Rs.500

S&P CNX Nifty

Sankaran Naren

(1) For investment of less than Rs. 5Crores:Entry load at 2.25% of applicableNet Asset Value (NAV); (2 ) Forinvestment of Rs.5 Crores and

above: Entry load is Nil.Nil

2.50%

2.34%

Open-ended FMCG Sectoral Fund

To seek to generate long-term capitalappreciation from a portfolio that isinvested predominantly in equity andequity related securities of FMCGCompanies.

Equity and Equity related instruments inFMCG Companies upto 90% & Debt,Money Market and Cash upto 10%.

Mutual Fund investments are subject tomarket risks. Please read the offerdocument carefully for details on riskfactors before investment.

Growth & Dividend


The above distribution and reinvestmentpolicies as indicated above are provisionaland will be entirely at the discretion ofthe Trustee.

Monthly:Minimum Rs. 1,000 + 5 post-dated cheques of Rs. 1,000 each

***

Min. of Rs. 500 & in multiples of Re.1thereafter.

Available$

Available$$



Generally within 3 Business Days fromthe date of receipt of transaction forspecified RBI locations and anadditional of 3 Business Days for NonRBI locations

Rs. 500

CNX FMCG Index

Prashant Kothari

(1) For investment of less than Rs. 5Crores:Entry load at 2.25% of applicableNet Asset Value (NAV); (2 ) Fo rinvestment of Rs.5 Crores and


2.50%

2.49%

TECHNOLOGY FUND

Open-ended Equity Fund

To generate long-term capitalappreciation by investing in equity & equityrelated securities of technology intensivecompanies.

Equity and Equity related instruments 90to 95% & Debt, Money Market and Cash5 to 10%.

Mutual Fund investments are subject tomarket risks. Please read the offer documentcarefully for details on risk factors beforeinvestment.

Growth & Dividend


The above distribution and reinvestmentpolicies as indicated above are provisionaland will be entirely at the discretion of theTrustee.

Monthly: Minimum Rs. 1,000 + 5 post-dated cheques of Rs. 1,000 each.

***

Min. of Rs. 500 & in multiples of Re.1thereafter.

Available$

Available$$



Generally within 3 Business Days fromthe date of receipt of transaction forspecified RBI locations and anadditional of 3 Business Days for NonRBI locations

Rs. 500

BSE Tech Index

Deven Sangoi

(1) For investment of less than Rs.5 Crores: Entry load at 2.25% ofapplicable Net Asset Value (NAV);(2)For investment of Rs.5 Crores and


2.50%

2.43%

NAME OF THE SCHEME

off period on a specific request from the investor after confirming the cheque clearancestatus and may take an additional day for processing redemption payment.

Notes:

1) Saturday is a Non-Business Day for all the Schemes.

2) For all web-based transactions under the schemes of ICICI Prudential Mutual Fund, entered throughthe website of the fund viz. www.ICICI Prudential.com, there would be a cooling off period of30 minutes before the respective cut-off times of the relevant schemes.

In respect of the transactions received during and after the cooling-off period, the NAV of thBusiness Day would be considered as the Applicable NAV for the relevant transactions.

For purchase transactions through the website of the Fund, following rules will apply:

(a) Internet Banking:As stated above, provided the electronic bank confirmation is recsimultaneously for web based transactions using internet banking.

(b) Applications accompanied by physical cheques/ Demand Drafts:NAV of the BuDay on receipt of physical transaction request at the nearest official point of transacthe AMC.

Open-ended Growth Fund

The primary objective of the Scheto generate capital appreciation thrinvestments in equity and equity resecurities in core sectors and assocfeeder industries. However, there cano assurance that the investmobjectives of the Scheme wirealized.

Equity and Equity related securities incnon convertible portion of convedebentures - Upto 95% and at least 5Debt and Money Market securities.

Mutual Fund investments are subjemarket risks. Please read the offer docucarefully for details on risk factors binvestment.

Cumulative & Dividend


The above distribution and reinvestpolicies as indicated above are provisand will be entirely at the discretion Trustee.

Monthly: Minimum Rs. 1,000 + 5 dated cheques of Rs. 1,000 each.

*******

Min. of Rs. 500 & in multiples ofthereafter.

Available$

Available$$

Rs. 5,000 (plus in multiples of Re. 1


Generally within 3 Business Days fromdate of receipt of transaction for speRBI locations and an additionalBusiness Days for Non RBI locations

Rs. 500 & in multiples thereof.

S&P CNX Nifty

Sankaran Naren

(1) For investment of less than Crores: Entry load at 2.25% of appliNet Asset Value (NAV); (2 )investment of Rs.5 Crores


2.50%

2.20%


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KEY SCHEME FEATURES

TYPE




PLANS AND OPTIONS

Default Option

Dividend Policy



Switch Facility


APPLICABLE NAV





BENCHMARK INDEX



Exit Load* $$$


Actual Recurring Expenses for theprevious financial year endedMarch 31, 2006 (% of NAV)

INDEX FUND

Open-ended Index Linked Growth Fund

The objective of the Plan is to invest in companies whosesecurities are included in Nifty and subject to trackingerrors, to endeavor to achieve the returns of the aboveindex as closely as possible. This would be done byinvesting in almost all the stocks comprising the S&PCNX Nifty in approximately the same weightage thatthey represent in S&P CNX Nifty. The Plan will not seekto outperform the S&P CNX Nifty or to under perform

it. The objective is that the performance of the NAVof the Plan should closely track the performance ofthe S&P CNX Nifty over the same period.

Equity Stocks drawn from the components of the S&PCNX Nifty and the exchange-traded derivatives onthe S&P CNX Nifty - upto 100% and Money marketinstruments - 0% to 10%.

Mutual Fund investments are subject to market risks. Pleaseread the offer document carefully for details on risk factorsbefore investment.

Nifty

Nil

Monthly/Quarterly:Minimum Rs.1,000 + 5 post datedcheques of Rs 1,000 each.

Entry Load : Nil, Exit Load: 0.5% of the applicable NAV,if the investment is redeemed within 1 year from thedate of allotment, Nil thereafter


Available$

Not Available


Rs. 1,000

Generally within 3 Business Days from the date ofacceptance of the redemption request at any of theCustomer Service Centres and an additional of 3Business Days for Non RBI locations.

Rs. 1,000

S&P CNX Nifty

Yogesh Bhatt

1% of the applicable NAV

Nil

1.25%

1.25%

EQUITY & DERIVATIVES FUND -Income Optimiser Plan

An open-ended equity fund investing inequity, derivatives, debt and arbitrage strategies

The investment objective is to seek to generate lowvolatility returns by using arbitrage and otherderivative strategies in equity markets andinvestments in short-term debt portfolio.

65% to 80% in Equity and Equity Derivatives (equityunhedged exposure limited to 5%), 20% to 35% inDebt instruments.

Mutual Fund investments are subject to market risks. Pleaseread the offer document carefully for details on risk factorsbefore investment.

Options: Retail Option and Institutional Option; Sub-options: Growth and Dividend with dividend payoutand dividend reinvestment facilities.

Option: Retail Option; Sub-option: DividendReinvestment

The Trustee may approve the distribution of dividendsby the AMC under the Dividend option, out of the netsurplus of the Scheme. To the extent the net surplus isnot distributed, the same will remain invested in theScheme and be reflected in the NAV.

Retail Option (Monthly):Minimum Rs. 1,000 + 5 post-dated cheques for a minimum of Rs. 1000 each.Entry load for SIP & STP investments w.e.f.5/01/07: NilExit load for SIP & STP investments w.e.f. 5/01/07:i) 0.5% of the applicable NAV, if the investment is

redeemed within a period of 6 months from thedate of allotment.

ii) Nil if the investment is redeemed after 6 monthsfrom the date of allotment.

Retail Option:Rs.500 and in multiples of Re. 1/- providedminimum balance should not fall below Rs.5000/-.

Available$

Available$$

Retail Option: Rs.5,000 (plus in multiples of Re.1)Institutional Option:Rs.5 crores (plus in multiples of Re.1)

Rs.1,000/- (plus in multiples of Re.1/-)

Within 10 Business Days from the date of acceptanceof a transaction request.

Rs. 500/-

Crisil Liquid Fund Index

Mr. Yogesh Bhatt / Mr. Chaitanya Pande

Nil

i) 0.5% of the applicable NAV, if the investment isredeemed within a period of 6 months from thedate of allotment (w.e.f. 5/01/07).

ii) Nil if the investment is redeemed after 6 monthsfrom the date of allotment (w.e.f. 5/01/07).

Institutional Option: 2.50% Retail Option: 2.50%

Not applicable

Subject to RBI restriction on Call Money market.

EQUITY & DERIVATIVES FUNWealth Optimiser Plan

An open-ended equity fund investing in eqderivatives, debt and arbitrage strategies

The investment objective is to seek to procapital appreciation and income distribution tinvestors by using equity derivatives stratearbitrage opportunities and pure equity investm

65% to 100% in Equity and Equity Derivatives (eunhedged exposure limited to 80%), 0% to 35Debt instruments.

Mutual Fund investments are subject to market risks. Pread the offer document carefully for details on risk fabefore investment.

Option: Regular Option; Sub-options: GrowtDividend with dividend payout and dividreinvestment facilities.

Sub-option: Dividend Reinvestment

The Trustee may approve the distribution of dividby the AMC under the Dividend option, out of thsurplus of the Scheme. To the extent the net surpnot distributed, the same will remain invested iScheme and be reflected in the NAV.

Regular Option (Monthly): Minimum Rs. 100post dated cheques for a minimum of Rs. 1000 eaEntry load for SIP & STP investments w5/01/07:i) 2.25% of the applicable NAV, if the invest

amount is less than Rs.5 crores.ii) Nil if the iinvestment amount is Rs.5 cro

moreExit load for SIP & STP investments w5/01/07: Nil

Regular Option:Rs.500 and in multiples of Re. 1/- prominimum balance should not fall below Rs.5000/-.

Available$

Available$$

Regular Option: Rs.5,000 (plus in multiples of

Rs.1,000/- (plus in multiples of Re.1/-)

Within 10 Business Days from the date of accepof a transaction request.

Rs. 500/-

Crisil Balanced Fund Index

Mr. Nimesh Chandan / Mr. Chaitanya Pande

i) 2.25% of the applicable NAV for investmeless than Rs. 5 Crores

ii) Nil - for investment of Rs.5 crores and above

0.5% of the applicable NAV if redemption/switchmade within 6 months from the date of investme

2.50%

Not applicable

NAME OF THE SCHEME


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ICICI Prudential Mutual F

SCHEME PERFORMANCE SNAPSHOT

Last 5 Financial Years

Returns

0.00%

2.00%

4.00%

6.00%

8.00%

Liquid Plan 6.67% 4.75% 4.60% 6.48% 5.78%

Crisil Liquid Fund Index 6.06% 4.34% 4.17% 4.86% 6.39%

2002-03 2003-04 2004-05 2005-06 2006-07

ICICI Prudential Liquid Plan

Performance Record: Liquid Plan - Growth Option (As of 30-Mar-2007)

Returns

Date Period NAV (Rs) Liquid BenchmarkPlan Index

30-Mar-07 18.3525

31-Mar-06 Last 1 year 17.1693 6.91% 6.46%

31-Mar-04 Last 3 years 15.5789 5.62% 5.16%

28-Mar-02 Last 5 years 13.9383 5.66% 5.17%

24-Jun-98 Since Inception 10.0000 7.17%

Returns are CAGR. Benchmark is Crisil Liquid Fund Index. For computation of returns the allotment NAVhas been taken as Rs. 10.00. Past performance may or may not be sustained in future. 31-Mar-07 was anon-business day.

Source:AMFI Website for Returns as per Bench Mark Index

ICICI Prudential Short Term Plan

Performance Record: Short Term Plan - Cumulative Option (As of 30-Mar-07)Returns

Date Period NAV (Rs) Short Term BenchmarkPlan Index

30-Mar-07 14.2255

31-Mar-06 Last 1 year 13.2706 7.22% 5.68%

31-Mar-04 Last 3 years 11.944 6.01% 4.18%

29-Mar-02 Last 5 years 10.3873 6.49%

25-Oct-01 Since Inception 10.0000 6.71%

Returns: CAGR Benchmark is Crisil Short Term Bond Fund Index and start date is 05-04-2002 For computation of returns the allotment NAV has been taken as Rs. 10.00 Past performance may ormay not be sustained in future. 31-Mar-07 was a non-business day.

Source: AMFI Website for Returns as per Bench Mark Index.

ICICI Prudential Gilt FundPerformance Record: Gilt Fund Treasury Plan - Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Gilt Fund- BenchmaTreasury Ind

30-Mar-07 17.933531-Mar-06 Last 1 year 17.1382 4.68% 5.9531-Mar-04 Last 3 years 15.7032 4.54% 4.8128-Mar-02 Last 5 years 13.514 5.82%19-Aug-99 Since Inception 10.000 7.97%

Returns : CAGR Benchmark is I Sec Si Bex * Benchmark start date : 31-03-2002 For computaof returns the allotment NAV has been taken as Rs. 10.00 Past performance may or may not be sustaiin future. 31-Mar-07 was a non-business day.

Source: AMFI Website for Returns as per Bench Mark Index

Performance Record: Gilt Fund Investment Plan - Growth Option (As of 30-Mar-07

Returns

Date Period NAV (Rs) Gilt Fund- BenchmaInvestment Ind

30-Mar-07 22.409631-Mar-06 Last 1 year 20.9255 7.17% 5.8231-Mar-04 Last 3 years 20.2469 3.47% 2.7928-Mar-02 Last 5 years 16.0244 6.94% 7.4519-Aug-99 Since Inception 10.0000 11.18% 11.32

Returns : CAGR Benchmark is I Sec I-Bex. For computation of returns the allotment NAV has btaken as Rs. 10.00. Past performance may or may not be sustained in future.31-Mar-07 was a nbusiness day.


ICICI Prudential Income PlanPerformance Record: Income Plan - Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Income BenchmaPlan Ind

30-Mar-07 21.437431-Mar-06 Last 1 year 20.3646 5.29% 3.7231-Mar-04 Last 3 years 19.6661 2.92% 2.3928-Mar-02 Last 5 years 16.1800 5.78%9-Jul-98 Since Inception 10.0000 9.13%

Returns : CAGR Benchmark - Crisil Composite Bond Fund Index. Benchmark start date - 31.03.20 Past performance may or may not be sustained in future. For computation of returns the allotmeNAV has been taken as Rs. 10.00. 31-Mar-07 was a non-bus iness day.


Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

Gilt Fund -Treasury 6.11% 9.38% 3.65% 5.30% 4.65%

I-Sec Si-Bex 7.80% 7.83% 3.38% 5.12% 5.96%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

Short Term Plan 8.07% 6.32% 5.31% 5.01% 7.73%

Crisil Short Term Bond Fund

Index

7.77% 5.87% 3.03% 3.84% 5.70%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

-5.00%

0.00%

5.00%

10.00%

15.00%

20.00%

Gilt Fund-Investment 11.25% 12.75% -0.32% 3.69% 7.11%

I-Sec I-Bex 14.99% 14.12% -1.40% 4.08% 5.84%

2002-03 2003-04 2004-05 2005-06 2006-07


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ICICI Prudential Flexible Income PlanPerformance Record: Flexible Income Plan- Cumulative Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Flexible BenchmarkIncome Plan Index

30-Mar-07 13.737631-Mar-06 Last 1 year 12.7624 7.67% 3.72%31-Mar-04 Last 3 years 11.9432 4.79% 2.39%27-Sep-02 Since Inception 10.0000 7.30% 4.69%

Returns : CAGR Benchmark is Crisil Composite Bond Fund Index For Computation of returns the

allotment NAV has been taken as Rs. 10.00 Past performance may or may not be sustained in future.31-Mar-07 was a non-business day.


ICICI Prudential Income Multiplier Fund -Regular PlanPerformance Record: Income Multiplier Fund- Cumulative Option (As of 30-Mar-07)

Returns

Date Period NAV Income BenchmarkMultiplier Fund Index

30-Mar-07 14.391531-Mar-06 Last 1 year 13.086 9.99% 5.49%30-Mar-04 Since Inception 10.000 12.89% 6.33%

Returns : CAGR Benchmark: Crisil Composite MIP Blended Index For computation of returns theallotment NAV has been taken as Rs. 10.00 Past performance may or may not be sustained in future.31-Mar-07 was a non-business day.


ICICI Prudential Monthly Income Plan(An open-ended fund. Monthly income is not assured ansubject to the availability of distributable surplus.)

Dividend Policy:

The Fund/AMC is not assuring or guaranteeing that it will be able to make remonthly/quarterly/half yearly dividend distributions to its Unitholders, though, ievery intention to manage the portfolio so as to make such payments to the UnithoMonthly/ quarterly/half yearly dividend payments will be dependent on the reachieved by the AMC through active management of the portfolio. The dividistributions may, therefore, vary from month to month or quarter to quarter oyear to half year, based on investment results of the portfolio. Further, it shou

noted that the actual distribution of dividends and frequency thereof are indicand will depend, inter-alia, on availability of distributable surplus. Dividend pawill be entirely at the discretion of Trustees.

Performance Record: Monthly Income Plan- Cumulative Option (As of 30-Mar-07

Returns

Date Period NAV Monthly BenchmIncome Plan In

30-Mar-07 18.850631-Mar-06 Last 1 year 17.7312 6.33% 5.431-Mar-04 Last 3 years 14.4377 9.30% 6.328-Mar-02 Last 5 years 11.7570 9.88%10-Nov-00 Since Inception 10.0000 10.43%

Returns : CAGR Benchmark is Crisil MIP Blended Index. Benchmark Start date: 31/3/02For Computof returns the allotment NAV has been taken as Rs. 10.00.Past performance may or may not be sustainfuture. 31-Mar-07 was a non-business day.


ICICI Prudential Balanced FundPerformance Record: Balanced Fund- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Balanced BenchmFund In

30-Mar-07 33.5631-Mar-06 Last 1 year 30.64 9.53% 9.431-Mar-04 Last 3 years 15.66 28.93% 17.928-Mar-02 Last 5 years 9.29 29.22%3-Nov-99 Since Inception 10.00 17.75%

Returns : CAGRCrisil Balanced Fund Index The Crisil Balanced Fund Index data is avaiable only31-Mar-02 For computation of returns the allotment NAV has been taken as Rs. 10.00 Past pmance may or may not be sustained in future. 31-Mar-07 was a non-business day.



Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Income Plan 11.23% 9.05% 0.25% 3.29% 5.28%

Crisil Composite Bond

Fund Index

10.89% 8.80% 0.18% 3.30% 3.73%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

Flexible Income Plan 7.70% 10.82% 1.91% 4.86% 7.66%Crisil Composite Bond FundIndex 9.65% 8.80% 0.18% 3.30% 3.73%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

0.00%

5.00%

10.00%

15.00%

20.00%

Monthly Income Plan 8.29% 13.26% 7.21% 14.55% 6.33%

MIP Blended Index 6.86% 18.37% 2.49% 11.23% 5.50%

2002-03 2003-04 2004-05 2005-06 2006-0

Las 5 Financial Years

Returns

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

Income Multiplier Fund 9.70% 20.21% 10.01%

MIP Blended Index 2.49% 11.23% 5.50%

2004-05 2005-06 2006-07


Returns

-10.00%0.00%

10.00%20.00%30.00%40.00%50.00%60.00%70.00%

80.00%

Balanced Fund 0.86% 66.89% 26.25% 54.98% 9.56%

Crisil Balanced FundIndex

-4.69% 52.01% 8.25% 38.34% 9.49%

2002-03 2003-04 2004-05 2005-06 2006-0


11/32



Returns

-40.00%

-20.00%0.00%

20.00%40.00%

60.00%80.00%

100.00%120.00%140.00%

Tax Plan -12.00% 126.94% 82.05% 83.22% -4.96%

S&P CNX Nifty -13.40% 80.85% 14.89% 67.15% 12.35%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Growth Plan -9.81% 100.01% 22.60% 82.83% 10.21%

S&P CNX Nifty -13.40% 80.85% 14.89% 67.15% 12.35%

2002-03 2003-04 2004-05 2005-06 2006-07

ICICI Prudential Technology FundPerformance Record: Technology Fund- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Technology BenchmarkFund Index

30-Mar-07 15.1131-Mar-06 Last 1 year 11.23 34.66% 30.16%31-Mar-04 Last 3 years 4.63 48.38% 45.03%28-Mar-02 Last 5 years 3.25 35.91% 29.48%3-Mar-00 Since Inception 10.00 6.01% -3.36%

Returns : CAGRBenchmark is BSE Tech IndexFor computation of returns the allotment NAV has

been taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wasa non-business day.


ICICI Prudential PowerPerformance Record: Power- Cumulative Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Power BenchmarkIndex

30-Mar-07 77.4931-Mar-06 Last 1 year 69.16 12.08% 12.35%31-Mar-04 Last 3 years 28.11 40.26% 29.23%31-Mar-02 Last 5 years 11.94 45.36% 27.60%1-Oct-94 Since Inception 10.00 17.80% 9.07%

Returns : CAGRBenchmark is S&P CNX Nifty For computation of returns the allotment NAV hasbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wasa non-business day.


ICICI Prudential FMCG FundPerformance Record: FMCG Fund- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) FMCG BenchmarkFund Index

30-Mar-07 39.0731-Mar-06 Last 1 year 39.46 -0.99% -19.93%31-Mar-04 Last 3 years 11.13 52.04% 24.26%31-Mar-02 Last 5 years 8.78 34.79% 13.30%31-Mar-99 Since Inception 10.00 18.56% 5.03%

Returns : CAGRBenchmark is CNX FMCG Index. For computation of returns the allotment NAV hasbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wasa non-business day.


ICICI Prudential Growth PlanPerformance Record: Growth Plan- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Growth BenchmaPlan Ind

30-Mar-07 89.1831-Mar-06 Last 1 year 80.94 10.21% 12.3531-Mar-04 Last 3 years 36.11 35.21% 29.2328-Mar-02 Last 5 years 19.98 34.81% 27.559-Jul-98 Since Inception 10.00 28.49% 17.13

Returns : CAGRBenchmark is S&P CNX Nifty For computation of returns the allotment NAV been taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wa non-business day.


ICICI Prudential Tax PlanPerformance Record: Tax Plan- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Tax Plan BenchmaInd

30-Mar-07 82.5031-Mar-06 Last 1 year 86.79 -4.94% 12.3131-Mar-04 Last 3 years 26.02 46.96% 29.2328-Mar-02 Last 5 years 13.00 44.62% 27.5519-Aug-99 Since Inception 10.00 31.92% 14.70

Returns : CAGRBenchmark is S&P CNX Nifty For computation of returns the allotment NAV been taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wa non-business day.



Returns

Power 7.20% 119.14% 29.10% 90.58% 12.08%

S&P CNX Nifty -13.40% 80.85% 14.89% 67.15% 12.35%

2002-03 2003-04 2004-05 2005-06 2006-07-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

140.00%


Returns

-40.00%-20.00%

0.00%20.00%40.00%60.00%80.00%

100.00%120.00%140.00%

FMCG Fund -18.79% 55.91% 62.26% 118.49% -0.99%

CNX FMCG -24.21% 28.41% 13.13% 111.56% -19.93%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

-40.00%

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

Technology Fund -16.31% 69.97% 46.87% 65.15% 34.66%

BSE Tech Index -26.55% 54.53% 49.57% 56.65% 30.16%

2002-03 2003-04 2004-05 2005-06 2006-07


12/32


ICICI Prudential Dynamic PlanPerformance Record: Dynamic Plan- Cumulative Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Dynamic BenchmarkPlan Index

30-Mar-07 63.018031-Mar-06 Last 1 year 53.3568 18.16% 12.35%31-Mar-04 Last 3 years 18.7310 49.90% 29.23%31-Oct-02 Since Inception 10.0000 51.75% 37.03%

Returns : CAGRBenchmark is S&P CNX Nifty For computation of returns the allotment NAV hasbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 was

a non-business day.


ICICI Prudential Discovery FundPerformance Record: Discovery Fund- Growth Option (As 30-Mar-07)

Returns

Date Period NAV (Rs) Growth BenchmarkPlan Index

30-Mar-07 24.3131-Mar-06 Last 1 year 25.23 -3.66% 12.35%16-Aug-04 Since Inception 10.00 40.38% 39.46%

Returns : CAGRBenchmark is S&P CNX 500 For computation of returns the allotment NAV has beentaken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 was a non-business day.


ICICI Prudential Emerging S.T.A.R. (Stocks TargetedAt Returns) FundPerformance of the scheme: Emerging S.T.A.R. Fund- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) E-S.T.A.R. Nifty Junior

30-Mar-07 26.61231-Mar-06 Last 1 year 24.76 7.47% 7.27%28-Oct-04 Since Inception 10.00 49.86% 32.41%

Returns : CAGRBenchmark Index is Nifty Junior For computation of returns the allotment NAV hasbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wasa non-business day.


Returns

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Dynamic Plan 2.80% 81.91% 43.49% 98.52% 18.16%

S&P CNX Nifty 2.82% 80.85% 14.89% 67.15% 12.35%

2002-03 2003-04 2004-05 2005-06 2006-07


Returns

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Index Fund -13.50% 82.00% 13.53% 73.56% 13.83%

S&P CNX Nifty -13.40% 80.85% 14.89% 67.15% 12.35%

2002-03 2003-04 2004-05 2005-06 2006-07


ICICI Prudential Index FundPerformance of the scheme: Index Fund Cumulative Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Index Fund BenchmIn

30-Mar-07 34.036531-Mar-06 Last 1 year 29.9125 13.83% 12.331-Mar-04 Last 3 years 15.1811 30.91% 29.231-Mar-02 Last 5 years 9.5800 28.86% 27.626-Feb-02 Since Inception 10.0000 27.20% 25.7

Returns : CAGR^Benchmark is S&P CNX Nifty For computation of returns the allotment NAVbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-0

a non-business day.


ICICI Prudential Infrastructure FundPerformance of the scheme: Infrastructure Fund- Growth Option (As of 30-Mar-

Returns

Date Period NAV (Rs) Power BenchmIn

30-Mar-07 17.6531-Mar-06 Last 1 year 14.84 18.99% 12.331-Aug-05 Since Inception 10.00 43.34% 34.8

Returns : CAGRBenchmark is S&P CNX Nifty For computation of returns the allotment NAVbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-0a non-business day.


Financial Years since Inception

Returns

-20.00%

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

Discovery Fund 33.30% 89.27% -3.66%S&P CNX Nifty 27.30% 67.15% 12.35%

2004-05 2005-06 2006-07

Financial Years since Inception

Returns

0.00%

20.00%

40.00%

60.00%

80.00%

100.00%

120.00%

Emerging S.T.A.R. Fund 18.20% 109.48% 7.49%

Nifty Junior 22.58% 49.99% 7.29%

2004-05 2005-06 2006-07

Since inception (31-Aug-05)

Returns

0.00%

10.00%

20.00%

30.00%

40.00%50.00%

60.00%

Infrastructure Fund 48.40% 18.99%

CNX Nifty 42.69% 12.35%

2005-06 2006-07


13/32


ICICI Prudential Services Industries FundPerformance of the scheme: Services Industries Fund- Growth Option (As of 30-Mar-07)

Returns

Date Period NAV (Rs) Technology BenchmarkFund Index

30-Mar-07 14.9631-Mar-06 Last 1 year 11.76 27.30% 12.35%30-Nov-05 Since Inception 10.00 35.41% 31.64%

Returns : CAGRBenchmark is BSE Tech IndexFor computation of returns the allotment NAV hasbeen taken as Rs. 10.00 Past performance may or may not be sustained in future. 31-Mar-07 wasa non-business day.


Since inception (30-Nov-05)

Returns

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

35.00%

Services Industries Fund 12.90% 32.61%CNX Nifty 28.29% 12.35%

2005-06 2006-07

TAX IMPLICATION ON MUTUAL FUND INVESTMENTTAX TREATMENT:The following information is provided only for general information purpose. In view of the individualnature of tax benefits each investor is advised to consult with his or her own tax consultant withrespect to the specific tax implications arising out of their participation in the scheme.

The Scheme's auditors, N. M. Raiji and Co. have confirmed that based on the law in force, the followingbenefits may accrue to the respective assesses: Based on the law in force and after considering theamendments made in the Income Tax Act, 1961 ("the Act") by the Finance Act, 2006, we givehereunder our opinion on tax benefits/implications that may accrue to a Fund and to differentcategories of unit holders in respect of their investments in a Fund.

1. TO THE MUTUAL FUND

Income of the Fund registered under the Securities and Exchange Board of India Act, 1992 (15of 1992) or regulations made there under will be exempt from income tax in accordance withthe provisions of Section 10(23D) of the Act. The income received by the Fund is not liable fordeduction of tax at source under Section 196. As per Section 115R, Mutual Funds are liable topay additional income tax on the income distributed by them. Under the provisions of Section115R of the Act, additional income tax is payable at different rates on income distributed todifferent class of unitholders. Mutual Funds are liable to pay additional income tax at the rateof 12.50% plus applicable surcharge on the income distributed by a Fund to Individuals and HUFsand at the rate of 20% plus applicable surcharge on the income distributed to any other assessees.Levy of education cess at the rate of 2% is also applicable on total tax payable. However, inrespect of equity oriented funds, no additional income tax is payable on income distributed bysuch Funds. The term "Equity Oriented Fund" has been defined to mean a fund where theinvestible funds are invested by way of equity shares in domestic companies to the extent ofmore than 65% of the total proceeds of such fund. Further, it is provided that the percentage ofequity share holding of the fund shall be computed with reference to the annual average of themonthly averages of the opening and closing figures.

2. SECURITIES TRANSACTION TAX

Securities Transaction Tax ("STT") is applicable on transactions of purchase or sale of units ofEquity Oriented Fund entered into on a recognized stock exchange or sale of units of EquityOriented Fund to the Mutual Fund.

The Finance Act, 2006 has revised the rates for levy of STT under Chapter VII of the Finance(No. 2) Act 2004 with effect from June 01, 2006 which are given in the following table:

Taxable Securities Transaction Rate Payable by

Purchase of a unit of an equity oriented fund, where -

tthe transaction of such purchase is entered into in arecognised stock exchange; and

the contract for the purchase of such unit is settled bythe actual delivery or transfer of such unit. 0.125% Purchaser

Sale of a unit of an equity oriented fund, where -

the transaction of such sale is entered into in arecognised stock exchange; and

the contract for the sale of such unit is settled by theactual delivery or transfer of such unit. 0.125% Seller

Taxable Securities Transaction Rate Payable

Sale of a unit of an equity oriented fund, where -

the transaction of such sale is entered into in arecognised stock exchange; and

the contract for the sale of such unit is settled otherwisethan by the actual delivery or transfer of such unit. 0.025% Sel

Sale of unit of an equity oriented fund to theMutual Fund itself. 0.25% Selle

* Mutual Fund is responsible for collecting the STT from every person who sells the unit to i

3. TO THE UNITHOLDERS3.1 INCOME RECEIVED FROM MUTUAL FUND: According to Section 10(35) of the Act, any inc

received in respect of units of Mutual Fund specified under Section 10(23D) is exempt from inctax in the hands of the unit holders. It has, however, been clarified that income arising ftransfer of units of Mutual Fund shall not be exempt.

3.2 LONG TERM CAPITAL GAINS ON TRANSFER OF UNITS: Under Section 10(38), Long Term CaGain on sale of units of Equity Oriented Funds are exempt from Income Tax in the hands of holders, provided such transactions are entered into a recognised stock exchange or such are sold to the Mutual Fund and are chargeable to STT.

In respect of capital gains that are not exempted under Section 10(38), the provisions for taxaof long-term capital gains for different categories of assessees are explained hereunder:

i) For Individuals and HUFs: Long-term Capital Gains in respect of Units of Mutual held for a period of more than 12 months will be chargeable under Section 112 of theat a rate of 20% plus surcharge, as applicable and cess. Capital Gains would be compafter taking into account cost of acquisition as adjusted by Cost Inflation Index notifiethe Central Government and expenditure incurred wholly and exclusively in connection such transfer. In the case where taxable income as reduced by long term capital gainbelow the exemption limit, the long term capital gains will be reduced to the extent oshortfall and only the balance long term capital gains will be charged at the flat ra

20% plus surcharge, as may be applicable and cess. It is further provided that an assewill have an option to apply concessional rate of 10% plus applicable surcharge and provided the long term capital gains are computed without substituting indexed cost in pof cost of acquisition.

ii) For Partnership Firms, Non-Residents, Indian Companies/Foreign CompanLong-term Capital Gains in respect of Units held for a period of more than 12 monthsbe chargeable under Section 112 of the Act at a rate of 20% plus surcharge, as maapplicable and cess. Capital gains would be computed after taking into account coacquisition as adjusted by Cost Inflation Index notified by the Central Government expenditure incurred wholly and exclusively in connection with such transfer. It is fuprovided that an assessee will have an option to apply concessional rate of 10% plus applicsurcharge and cess, provided the long term capital gains are computed without substitindexed cost in place of cost of acquisition.

iii) For Non-resident Indians: Under Section 115E of the Act for non-resident Indians, incby way of long-term capital gains in respect of Units is chargeable at the rate of 20%applicable surcharge and cess. Such long-term capital gains would be calculated witindexation of cost of acquisition. Non-resident Indians may opt for computation of long tcapital gains as per Section 112 (explained earlier), which seems to be more beneficial.

ICICI Prudential Equity & Derivatives FundPerformance of the Scheme: ICICI Prudential Equity & Derivatives Fund is a New Schemeits not completed one year. As per the requirement of SEBI circular on Key Information Memorandreturns ofICICI Prudential Blended Plan - Plan A for Income Optimiser Plan and returnICICI Prudential Balanced Fund for Wealth Optimiser Plan under the Scheme have provided as under. It may be noted that strictly speaking these Schemes are not comparable as IPrudential Equity & Derivatives Fund is being launched by ICICI Prudential Mutual Fund for thetime.

Returns of ICICI Prudential Blended Plan A (Benchmark is Crisil Short Term Bond FIndex as of 30-Mar-07)

Returns

Date Period NAV (Rs) Blended Benchma

Plan A Ind

30-Mar-07 11.539531-Mar-06 Last 1 year 10.5365 9.52% 5.6831-May-05 Since Inception 10.0000 8.13% 4.73

Returns : CAGRFor computation of returns the allotment NAV has been taken as Rs. 10.00 Pperformance may or may not be sustained in future. 31-Mar-07 was a non-business day.

Returns of ICICI Prudential Balanced Fund - Growth Option (Benchmark is C

Balanced Fund Index As of 30-Mar-07)

Returns

Date Period NAV (Rs) Balanced BenchmaFund Ind

30-Mar-07 33.5631-Mar-06 Last 1 year 30.64 9.53% 9.4631-Mar-04 Last 3 years 15.66 28.93% 17.9128-Mar-02 Last 5 years 9.29 29.22%

3-Nov-99 Since Inception 10.00 17.75%Returns : CAGRCrisil Balanced Fund Index The Crisil Balanced Fund Index data is avaiable only fr31-Mar-02 For computation of returns the allotment NAV has been taken as Rs. 10.00 Past permance may or may not be sustained in future. 31-Mar-07 was a non-business day.


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iv) For Overseas Financial Organisations, including Overseas Corporate Bodies andForeign Institutional Investors fulfilling conditions laid down under Section115AB (Offshore Fund): Under Section 115AB of the Act, income by way of long-termcapital gains in respect of units purchased in foreign currency held for a period of morethan 12 months will be chargeable to tax at the rate of 10%, plus applicable surcharge andcess. Such gains would be calculated without indexation of cost of acquisition.

3.3 SHORT TERM CAPITAL GAINS ON TRANSFER OF UNITS: Section 111A provides that short-termcapital gains arising on sale of units of Equity Oriented Funds are chargeable to income tax at aconcessional rate of 10% plus applicable surcharge and cess, provided such transactions are enteredinto on a recognised stock exchange or such units are sold to the Mutual Funds and are chargeableto STT. Further, Section 48 provides that no deduction shall be allowed in respect of STT paid forthe purpose of computing Capital Gains. In respect of capital gains not chargeable under Section111A, the provisions for taxation of short-term capital gains for different categories of assesseesis explained hereunder:

Short term Capital Gains in respect of Units held for a period of not more than 12 months isadded to the total income. Total income including short-term capital gains is chargeable to taxas per the relevant slab rates.

Income Tax Rates:

The maximum income tax rates for various categories of assessees for AY 2007-08 are as under:

Resident individuals and HUF 30% plus surcharge and cess

Partnership Firms 30% plus surcharge and cess

Indian companies 30% plus surcharge and cess

Non Resident Indians 30% plus surcharge and cess

Foreign Companies 40% plus surcharge and cess

With regards to individuals and HUF having a total income exceeding Rs. 10,00,000, PartnershipFirms and Indian Companies, a surcharge of 10% on the income tax is applicable. Individuals andHUFs having total income less than Rs. 10,00,000 are not liable to surcharge. A surcharge of 2.5%on the income tax would be applicable in the case of Foreign Companies.

Further, education cess at the rate of 2% on the income tax (including applicable surcharge)would be applicable for all categories of assessees.

3.4 CAPITAL LOSSES: Losses under the head "Capital Gains" cannot be set off against income under

any other head. Further within the head "Capital Gains", losses arising from the transfer of long-term capital assets cannot be adjusted against gains arising from the transfer of a short-term capitalasset. However, losses arising from the transfer of short-term capital assets can be adjusted againstgains arising from the transfer of either a long-term or a short-term capital asset.

Under Section 10(38), Long Term Capital Gains on sale of units of Equity Oriented Fund are exemptfrom Income Tax provided certain conditions are fulfilled. Hence, losses arising from such typeof transaction of sale of units of Equity Oriented Fund would not be eligible for set-off againsttaxable capital gains. Unabsorbed long-term capital loss (other than that relating to sale of equityshares and units of Equity Oriented Fund as stated in para above) can be carried forward andset off against the long-term capital gains arising in any of the subsequent eight assessment years.Unabsorbed short-term capital loss can be carried forward and set off against the income underthe head Capital Gains in any of the subsequent eight assessment years. According to Section94(7) of the Act, if any person buys or acquires units within a period of three months prior tothe record date fixed for declaration of dividend or distribution of income and sells or transfersthe same within a period of nine months from such record date, then losses arising from suchsale to the extent of income received or receivable on such units shall be ignored for the purposeof computing income chargeable to tax. Further, Sub-section (8) of Section 94 provides that,where additional units have been issued to any person without any payment, on the basis ofexisting units held by such person then the loss on sale of original units shall be ignored for thepurpose of computing income chargeable to tax, if the original units were acquired within three

months prior to the record date fixed for receipt of additional units and sold within nine monthsfrom such record date. However, the loss so ignored shall be considered as cost of acquisition ofsuch additional units held on the date of sale by such person.

3.5 Section 80C of the Act provides that from the total income of an individual and HUF, deductionfor an amount paid or deposited in certain eligible schemes or investments would be available,subject to a maximum amount of Rs. 1,00,000. According to clause (xiii) and clause (xx) to sub-section 2, any subscription to any units of Mutual Fund notified under Section 10(23D) wouldqualify for deduction under the aforesaid section provided

the plan is formulated in accordance with a scheme notified by the Central Government; or

approved by CBDT on an application made by the Mutual Fund and the amount of subscriptionto such units is subscribed only in eligible issue of capital of any company..

4. TAX DEDUCTION AT SOURCE

4.1 FOR INCOME IN RESPECT OF UNITS: No tax shall be deducted at source in respect of any incomecredited or paid in respect of units of the Fund as per the provisions of Section 10(35), Section194K and Section 196A.

4.2 FOR CAPITAL GAINS:

(i) In respect of Resident Unit holders: No tax is required to be deducted at source oncapital gains arising to any resident unit holder (under Section 194K) vide circular no. 715

dated August 8, 1995 issued by the Central Board for Direct Taxes (CBDT).(ii) In respect of Non- Resident Unit holders: Under Section 195 and Section 196B of the

Act, tax shall be deducted at source in respect of capital gains as under:

a. In case of non resident other than a company - Long term capital gains1 20% plus surcharge and cess Short term capital gains 30% plus surcharge and cess

b. In case of foreign company - Long term capital gains1 20% plus surcharge and cess Short term capital gains 40% plus surcharge and cess

c. In case of Offshore Fund as defined in 115AB - Long term capital gains1 10% plus surcharge and cess

1 Except for gains arising from sale of unit of Equity Oriented Funds, which are exempt underSection 10(38) of the Act.

As per circular no. 728 dated October 1995 by CBDT, in the case of a remittance to a countrywith which a Double Taxation Avoidance Agreement (DTAA) is in force, the tax should bededucted at the rate provided in the Finance Act of the relevant year or at the rate provided inDTAA whichever is more beneficial to the assessee.

5. EXEMPTION FROM TAX ON CAPITAL GAINS ARISING ON TRANSFER OF UNITS HELMORE THAN 12 MONTHS:

Under Section 54EC of the Act:As provided under Section 54EC, and subject to the condspecified therein, where an assessee has made capital gains from the transfer of units hMutual Fund Scheme for a period exceeding 12 months and the assessee has any time wperiod of 6 months after the date of such transfer, invested the whole of the capital gains long term specified assets i.e., in bonds redeemable after 3 years issued by the National HigAuthority of India or by the Rural Electrification Corporation Limited, such capital gains shexempted from tax on capital gains under Section 54EC of the Income Tax Act, 1961. Howif the assessee has invested only a part of the capital gains, he will be eligible for the proportexemption.

Section 54EC provides that where any investment has been allowed as a deduction undesection the same shall not be allowed as deduction in Section 80C.

Under Section 54ED of the Act:Under Section 54ED and subject to the conditions spetherein, capital gains arising from the transfer of units held in the Mutual Fund Scheme

period exceeding 12 months will be exempt, if the assessee has, any time within a periomonths after the date of such transfer, invested the whole of the capital gains in acquiring shares forming part of an eligible issue of capital. However, if the assessee has invested part of the capital gains, he will be eligible for the proportionate exemption. An eligible iscapital means an issue of equity shares offered for subscription to the public by a public comformed and registered in India.

Section 54ED provides that where any investment has been allowed as a deduction undsection the same shall not be allowed as deduction in Section 80C.

6. REBATE UNDER SECTION 88E: Section 88E provides that where the total income of a pincludes income chargeable under the head 'Profits and Gains of business or profession' afrom sale of units of equity oriented funds, the person shall get rebate equal to the STT phim in the course of his business. Such rebate is to be allowed from the amount of income respect of transactions calculated by applying average rate of income tax.

7. INVESTMENTS BY CHARITABLE AND RELIGIOUS TRUSTS: Units of a Mutual fund Screferred to in clause 23D of Section 10 of the Income Tax Act, 1961, constitute an eligible avfor investment by charitable or religious trusts per rule 17C of the Income Tax Rules, 1962with clause (xii) of sub-section (5) of Section 11 of the Income Tax Act, 1961.

8. WEALTH TAX: Units held under the Mutual Fund Scheme are not treated as assets withmeaning of Section 2(ea) of the Wealth Tax Act, 1957 and are, therefore, not liable to WTax.

INVESTOR INFORMATIONDECLARATION AND PUBLICATION OF DAILY NET ASSET VALUE (NAV) :

The NAV of the Scheme will be calculated and announced by the Fund on each Business Day. The informon NAV may be obtained by the Unitholders, on any day, by calling the office of the AMC. The Fuuse its best endeavour to publish NAVs daily, in at least two daily newspapers. Further, the AMendeavour to publish the Purchase & Redemption prices of Units daily in a newspaper with all Indialation.

AMC shall update the NAVs on the website of Association of Mutual Funds in India - AMFI (www.amfiindby 9.00-p.m. everyday. In case of any delay, the reasons for such delay would be explained to AMFI anby the next day. If the NAVs are not available before commencement of business hours on the follday due to any reason, the Fund shall issue a press release providing reasons and explaining when thwould be able to publish the NAVs.

INVESTOR GRIEVANCES CONTACT DETAILS:Please contact Investor Relations Officer, Ms. Molly Kapoor, at the following address:

Corp. Office: 5th Floor, 503, Peninsula Tower, Peninsula Corporate Park,Ganpatrao Kadam Marg, Off Senapati Bapat Marg,Lower Parel, Mumbai 400 013.Phone : (91)(22) 24999777Fax : (91)(22) 2499 7029Email : enquiry@ICICI Prudential.com

UNIT HOLDER INFORMATION:

Under normal circumstances, an Account Statement will be mailed to the investor, indicating the nof Units purchased/ allotted within 3 Business Days of the acceptance of a valid application for puof Units. With the prior consent of the Unitholder, the account statement will be sent by e-mail on

The Fund will, not later than six months after the close of each financial year (March 31), mail Unitholders an abridged scheme wise annual report. Further, the full text of the Annual Report wavailable for inspection at the office of the Fund. A copy of the Annual Report will be sent to Unit hofree of cost, on specific request.

The Fund shall before the expiry of one month from the close of each half year, that is as on March 3September 30, publish its unaudited financial results in one English daily newspaper having all India

lation and in a newspaper published in the language of the region where the Head Office of the Fsituated and update the same on AMC's website at www.ICICI Prudential.com within 30 days and 6in two different formats prescribed in terms of SEBI's circular dated April 20, 2001 and on AMFI's wat www.amfiindia.com within 30 days from the close of each half year, in the prescribed formats.

The Fund shall before the expiry of one month from the close of each half year (31st March anSeptember) send to the Unitholders a complete statement of Plan s portfolios or if such statement is nto the Unitholders, it will be published by way of an advertisement in one English daily circulatingwhole of India and in a newspaper published in the language of the region where the head office of the fund is situated.

Further the Fund shall also disclose the half-yearly scheme portfolios on its web site at wwwPrudential.com and on AMFI web site (www.amfiindia.com) in the prescribed format before the exone month from the close of each half-year.

The AMC can send the annual report, portfolio statement, account statements and other corresponusing e-mail as an alternate mode of communication, with the consent of the unit holders.

For and on behalf of the Board of DirecICICI Prudential Asset Management Company Lim

Sd/Place : Mumbai Pankaj RaDate : April 03, 2007 Managing Dir


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I. GENERAL INSTRUCTIONSa) The application form is for Resident Investors/NRIs/FIIs and should be completed

in English in BLOCK Letters.

b) The signature(s) should be in English or in any of the Indian languagesspecified in the eighth schedule of the constitution of India. Thumb impressionsmust be attested by a Magistrate or a Notary Public or a Special ExecutiveMagistrate under his/her official seal. Applications by minors should be signedby their guardians. In case of HUF, the Karta should sign on behalf of theHUF.

Signature mismatch cases: While processing the redemption / switch outrequest in case the AMC / Registrar come across a signature mismatch, thenthe AMC/ Registrar reserves the right to process the redemption only on thebasis of supporting documents confirming the identity of the investors. List ofsuch documents would be notified by AMC from time to time on its website.

c) There are two application forms.

i) Systematic Investment Plan (SIP) Form (Blue Colour) To be used forSIP Investment.

If you wish to apply for SIP through Auto Debit by way of ElectronicClearing Service (ECS) or Standing Instructions to your bank account youneed to fill in the Instruction Form in addition to the SIP Form.

ii) Application Form (Red Colour) To be used for one time investment.

d) Investors opting for Systematic Transfer Plan (STP) should fill the details inthe space provided on page 27.

i) The minimum amount that can be transferred from one scheme to anotheris Rs.1,000 for a minimum of 6 installments.

ii) STP will be available at weekly (every Monday), monthly (last day of themonth) or quarterly (last day of the quarter) rests as per the standing

instructions of the Unitholder. If any of these dates is a non-business day,the transaction would be processed on the immediate next business day.

iii) To effect the STP transaction for a particular transaction date as mentionedabove and as applicable for the respective frequency, the request for thesame should be received on or before the last business day of the weekpreceding the week in which such effective transaction date falls. Theunitholder can avail the STP facility for a maximum period of 10 years.

e) The application form number, the scheme name and the name of the applicantshould be mentioned on the reverse of the instrument that accompanies theapplication.

f) The Application completed in all respects along with the cheque/demand draftmust be submitted to the nearest Customer Service Center. Applicationsincomplete in any respect or not accompanied by a cheque or demand draftfor the amount payable are liable to be rejected and the money paid will berefunded without interest.

g) No receipt will be issued for the application money. The Customer ServiceCenters will stamp and return the acknowledgement slip in the applicationform, to acknowledge receipt of the application.

II. UNITHOLDERS INFORMATIONa) Existing Unitholders

Investors already having an account in any of the ICICI Prudential schemes,and making additional investments in the same schemes or any other schemes,should provide their Folio Number in Step 1. The names of the applicants,mode of holding etc. will be as per the folio number provided. Existingunitholders may directly proceed to Step 5.

b) New Applicant1. Name and address must be given in full (P.O. Box Address is not sufficient).

In case of NRI/PIO/FII investors an overseas address must be provided.

2. Name of guardian must be mentioned if the investments are being madeon behalf of a minor. Date of Birth is mandatory in case of minor.

Investments of the existing minor investor on minor attainingmajority: Upon attaining majority, a minor has to write to the fund, givinghis specimen signature duly authenticated by his banker as well his newbank mandate, PAN details, UIN details (if applicable as per prevalentSEBI Guidelines) in order to facilitate the Fund to update its records and

permit the erstwhile minor to operate the account in his own right.3. In case of an application under Power of Attorney or by a limited company,

body corporate, registered society, trust or partnership, etc. the relevantPower of Attorney or the relevant resolution or authority to make theapplication as the case may be, or duly certified copy thereof, along withthe Memorandum and Articles of Association / bye-laws must be lodgedalong with the application form.

Power of Attorney (POA): In case an investor has issued Power of Attorney(POA) for making investments, switches, redemptions etc. under his folio,both the signature of the investor and the POA holder have to be clearlycaptured in the POA document to be accepted as a valid document. Atthe time of making redemption / switches the fund would not be in aposition to process the transaction unless, POA holder s signature isavailable in the POA or proof of identity alongwith signature is producedalong with the POA.

4. If the application is for Rs. 50,000 or more, then the PAN and IT CircleWard/District (if available) of the applicant, parent/guardian in case of minoand all applicants in case of more than one applicant should be mentioneand a copy of the PAN card or Allotment Letter should be submitted. In casany of the applicants is not an assessee, the fact should be mentioned anForm 60/61 should be submitted along with the application.

5. Applicants should indicate their status by ticking the appropriate boxApplications without a tick in the Status box will be considered ainvestment by Others. Those who select the status as Others, theshould specify their status in the space provided.

6. Applicants should specify the mode of holding. In case it is not mentionedthe default will be either or survivor. In the case of joint holders, the firsnamed holder shall receive all the Account Statements, dividend/redemptionrefund warrants and any other correspondence sent from time to time.

7. Name of a contact person should be mentioned in case of the investmenby a Company/Body Corporate/Partnership Firm/Trust/Foreign InstitutionaInvestors (FIIs)/Society.

III . BANK DETAILSThe first Unitholder should provide the name of the bank branch, complete addresof the branch, account type and account number, which is mandatory as peSecurities Exchange Board of India circular IIAMRP/MF/CIR/07/826/98 dated Apr15, 1998. Applications without this information will be deemed to be incomplete.

IV. INVESTMENT DETAILSa) Investor has to fill a separate form for each scheme that he wishes to invest in.

b) Investor should select only one option (growth/dividend) and correspondinsub-option (e.g. reinvest/payout in case of dividend option) under the scheme(swherever applicable by ticking the appropriate box.

c) Investor opting for AEP option (under Income Plan & Monthly Income Planshould select the sub-option (regular/appreciation) and frequency (monthlyquarterly/half-yearly). For details, please refer to the offer document of therespective schemes.

d) In case, the investor has not selected the option/sub-option for his investmentsdefault option/sub-option as prescribed in the offer document of the relevanscheme will be applied.

e) For minimum application amount, please refer to table given on page 3 to 8

f) Dividend Transfer Plan:1) An investor can avail this facility where by dividend declared will b

automatically invested into any open-ended schemes of ICICI PrudentiaMutual Fund.

2) The amount to the extent of distribution, will be automatically investeon the ex-dividend date into the scheme selected by the investor at thNAV of that scheme.

3) This facility cannot be availed under Daily Dividend Plans and WeeklDividend Plans.

V. SYSTEM

icici prudential mutual fund (debt & equity) - 042008

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