Icici pru fact sheet june

Equity Market Outlook
O v e r v i e wThe Market
2
Technicals (Data Source : Bloomberg)
Jun-17 May-17Investments by Institutions in the cash segment (Rs. Cr)
Avg Advance Decline Ratio
Valuation Ratios
Jun-17 May-17
Jun-17 10 Year Average
Jun-17Indices Movement Last 1 Yr
None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the investors are requested to consult their financial advisors before
investing.
Global economy
The World Bank has maintained its global growth forecast at 2.7% and
2.9% in 2017 and 2018, respectively, owing to pick-up in manufacturing
and trade. The Organisation for Economic Cooperation and Development
(OECD) said the global economy is expected to post its fastest growth in
six years.
The US Federal Reserve (Fed) raised the interest rate by a quarter point to
1-1.25% and maintained the projection of one more rate hike in 2017.
However, the OECD has downgraded the growth forecast for the US.
Meanwhile, Eurozone GDP growth forecast was raised to 1.9% in Q1
2017. The OECD projected the bloc's economy to grow at 1.8% for both
this year and 2018. The European Central Bank (ECB) kept its main
interest rate unchanged at 0% and reiterated its commitment to purchase
assets of 60 billion euros a month until the end of this year (2017). In an
important development, the Eurozone ministers agreed to $9.5 billion
bailout payment to Greece.
The Bank of England (BoE) held its interest rate steady at 0.25% and
maintained corporate bond purchases at 10 billion euros. The regulator
plans to raise capital requirements for UK lenders by 11.4 billion pounds
to tackle risks posed by the recent rapid growth in consumer credit and
for Brexit uncertainties.
Japan's economic growth was revised to an annualised rate of 1% in Q1
2017, less than the preliminary estimate of 2.2% growth. The Bank of
Japan (BoJ) held monetary policy steady and pledged to keep asset
purchases around the current target of 80 trillion yen.
The IMF expects China's economy to expand 6.7% in 2017. However, it
added that while some near-term risks have receded, reform progress
needs to accelerate to secure medium-term stability and address the risk
that the current trajectory of the economy could eventually lead to a sharp
adjustment.
Source: CRISIL Research
Fundamentals and economics:
Growth
India's gross domestic product (GDP) slowed down to 6.1% in the
January-March 2017 compared to 7% in the previous quarter. In the
FY17, the agricultural sector grew fast. Meanwhile manufacturing,
mining, and quarrying witnessed subdued growth compared to FY16.
During the same period construction sector registered a contraction.
Industrial growth, as measured by the Index of Industrial Production (IIP),
slipped to 3.1% year-on-year in April 2017 from 3.8% in March 2017. Even
as manufacturing activity recorded a mild upturn in April 2017 sharp
slowdown in mining sector growth and moderation in growth of the
electricity sector pulled overall IIP growth down in April 2017.
According to the use-based classification, the picture was mixed. While
the new category of IIP – “infrastructure and construction goods” –
displayed a surge in growth to 5.8% in April 2017 from 0.9% in March
2017, capital goods growth shrunk to -1.3% from 9.6%, reaffirming the
volatile nature of this category. There was decline in consumption story
as the consumer durable goods category worsened from -3.9% to -6.0%.
However, overall growth in the consumer goods category was anchored
by the non-durable category, which grew by 8.3%.
India's core sector recorded growth owing to sharp rise in the output of
the natural gas, electricity and refinery production.
Source: Mospi.nic.in, CRISIL Centre for Economic Research (CCER)
BSE 1.05 1.03
NSE 0.96 0.99
FIIs (Net Purchases / Sales) 3940 9957
MFs (Net Purchases / Sales)* 7853 9978
MF Data till June 29
P/E ratio- Sensex 22.65 18.54
P/E ratio- Nifty 24.31 18.26
Price/Book Value Ratio-Sensex 2.95 3.04
Price/Book Value Ratio-Nifty 3.59 2.92
Dividend Yield-Sensex 1.29 1.39
Dividend Yield-Nifty 1.15 1.36
S&P BSE Sensex -0.72% 14.53%
Nifty 50 -1.04% 14.88%
S&P BSE Auto -3.12% 18.55%
S&P BSE Bankex -1.01% 27.99%
S&P BSE Capital Goods -2.96% 14.80%
S&P BSE Consumer Durables 3.98% 33.74%
S&P BSE Fast Moving Consumer Goods 3.19% 23.37%
S&P BSE Healthcare 4.62% -8.41%
S&P BSE Information Technology -3.87% -12.20%
S&P BSE Metal 1.12% 33.50%
S&P BSE MidCap 0.13% 24.98%
S&P BSE Oil & Gas -7.33% 35.82%
S&P BSE PSU -6.51% 20.78%
S&P BSE Realty 5.81% 33.30%
S&P BSE SmallCap 2.19% 30.58%
S&P BSE Teck Index -3.27% -8.98%
Inflation
India's Consumer Price Index (CPI)-based inflation in May 2017 slipped to
a record low of 2.2%, as food inflation dipped into the negative zone. The
decline continued to be led by pulses and vegetables. Inflation in protein-
based items (pulses, eggs meat and fish and milk) fell. Fuel inflation also
eased further in May as global crude oil prices stayed benign and the
rupee gained strength. Fuel inflation, measured by adding petrol, diesel,
fuel and light components, also slowed to 6.2% in May 2017 from 7.1% in

Equity Market Outlook
investing.
3
Currency
The rupee declined against the US dollar in June 2017, with the exchange
rate settling at Rs 64.58 per dollar on June 30, 2017 as against Rs 64.50 per
dollar on May 31, 2017. The rupee weakened against the dollar as the
hawkish tone of the US Fed's policy statement led to strengthening of
dollar. The US Fed raised interest rates by 25 basis points (bps) and stuck
to its earlier projection of three rate increases in 2017. The US central
bank also said it expects to begin the process of normalising its outsized
balance sheet this year. Among other global cues, strong US weekly
jobless claims figures gave the dollar a boost and pulled the rupee down
Market sentiment
Flows
Foreign institutional investors (FIIs) continued to be buyers of equities
worth Rs 24.85 billion in June 2017 (June 29, 2017) compared with buying
of Rs 99.57 billion in May 2017. Mutual funds also remained buyers of
equities in June 2017. They bought equities worth Rs 69.54 billion in June
2017 (until June 28) compared with Rs 99.78 billion in May 2017.
further. The local unit was also put under pressure tracking periodic
weakness in Asian currencies and due to dollar demand from state-
owned banks and importers. Some losses were recouped as the rupee
took cues from domestic equities which gained following the RBI policy
announcement. Favourable domestic wholesale inflation figures and
intermittent dollar sales by foreign banks and exporters provided the
rupee support.
Deficit
India's fiscal deficit stood at Rs 3.73 trillion during the April-May period or
68.3% of the budgeted target for the current fiscal year. The fiscal deficit
was 42.9% of the full-year target during the same period a year ago.
India's current account deficit (CAD) surged to $3.4 billion, or 0.6% of
GDP, in the fourth quarter of 2016-17 as against $0.3 billion (0.1% of GDP)
in the same quarter of last year. The widening of the CAD on a year-on-
year (y-o-y) basis was primarily on account of a higher trade deficit ($29.7
billion) brought about by a larger increase in merchandise imports
relative to exports. On a cumulative basis, the CAD narrowed to 0.7% of
GDP in 2016-17 from 1.1% in 2015-16 on the back of the contraction in the
trade deficit. India's trade deficit narrowed to $112.4 billion in 2016-17
from $130.1 billion in 2015-16.
Private transfer receipts, mainly representing remittances by Indians
employed overseas remained almost at the same level as in the
preceding year. In the financial account, net foreign direct investment at
$5.0 billion in Q4 of 2016-17 moderated from its level a year ago.
However, the net portfolio investment recorded inflow of $10.8 billion in
Q4 of 2016-17 in both equity and debt segment, as against net outflow of
$1.5 billion in Q4 last year. The portfolio investment recorded a net inflow
of $7.6 billion in 2016-17 as against an outflow of $4.5 billion a year ago.
In fiscal 2017, net invisible receipts were lower, mainly due to moderation
in both software exports and net private transfer receipts, and higher
outgo on account of primary income (profit, interest and dividends).
In 2016-17, there was an accretion of $21.6 billion to the foreign exchange
reserves as compared with $17.9 billion in 2015-16.
Source: RBI
Source: Mospi.nic.in, CCER
Source: SEBI
April 2017.
Core inflation saw some moderation during the month, but stayed sticky
overall led by high inflation in certain categories. Core inflation (CPI
excluding food, fuel and light, petrol and diesel) eased slightly led by
lower inflation in 'health', 'personal care and effects' and the 'transport and
communication segment', and some pick-up in inflation in 'recreation and
amusement'.
Wholesale Price Index (WPI) inflation fell for the third consecutive month
in May 2017 to 2.17% from 3.85% in April 2017, dragged down by food
inflation and lower fuel inflation.
-2.00
-1.00
0.00
1.00
2.00
3.00
4.00
5.00
6.00
7.00
CPI WPI
Inflation
Market Performance
Indian equity indices fell for the first time in 2017. After touching record
highs last month, benchmarks S&P BSE SENSEX and Nifty 50 fell 0.72%
and 1.04%, respectively in June 2017. The fall was attributed to several
discouraging domestic and global cues.
At home, investors remained nervous ahead of the implementation of
GST from July 1, and its impact on the economy and businesses. Fall in
the domestic growth rate to 6.1% in the January-March 2017 quarter and
caution ahead of the RBI policy review also pulled down the market. In its
monetary policy review, the RBI kept the repo rate unchanged, but
changed the statutory liquidity ratio (SLR) by 50 bps to 20% with effect
from June 24, 2017. Profit booking and expiry of the June futures and
options contract also dented sentiments. Further losses were seen
because of discouraging global cues including sharp fall in crude oil
prices, escalating tensions in the Middle East and the prospects of a hung
parliament in the UK. Wariness ahead of the US Federal Reserve's (Fed's)
policy meeting also impacted the market.
Further losses were, however, capped due to early onset of monsoon in
Kerala and the North-East, and clearance of pending rules by the GST
Council in the beginning of the month. Intermittent upswing in global
equities amid upbeat economic cues from the US and Europe also
boosted sentiments. Gains were seen in the rate-sensitive sectors after
the RBI reduced its projection of headline inflation to 2.0-3.5% for the first
-30,000
-20,000
-10,000
0
10,000
20,000
30,000
40,000
Cr.
FII Flows
-2,000
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
16,000
MF Flows
Cr.

investing.
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Our Recommendations
Investors may continue with their SIPs in pure equity funds. For new
investors we recommend SIP in Dynamic Asset Allocation Funds.
Volatility due to global factors may continue to stay in the near term.
Investors with an intent to benefit from volatility are recommended for
lump-sum investments in dynamic asset allocation funds. For tactical
allocation, investors could consider thematic funds which focus on
infrastructure theme.
ICICI Prudential Value Discovery Fund
ICICI Prudential Top 100 Fund
ICICI Prudential Multicap Fund
ICICI Prudential Focused Bluechip Equity Fund
ICICI Prudential Select Large Cap Fund
Pure Equity Funds
These funds are positioned
aggressively to gain from recovery in
the economy and commodity prices.
These funds aim to generate long term
wealth creation.
Our Recommendations – Equity Schemes
Asset Allocation Funds
ICICI Prudential Balanced Advantage Fund
ICICI Prudential Balanced Fund
ICICI Prudential Dynamic Plan
Theme-based funds
ICICI Prudential Infrastructure Fund Investors could invest in this thematic
fund for tactical allocation. It would be a
high risk investment option.
These funds aim to benefit from
volatility and can be suitable for
investors aiming to participate in
equities with lower volatility.
Equity market valuations as displayed by composite index show that the market valuations are in the zone where investors are recommended to
invest in equities systematically through dynamic asset allocation funds. Meanwhile, investors with aggressive risk appetite may consider investing
lump-sum in pure equity funds.
Equity Valuation Index
Equity valuation index is calculated by assigning equal weights to Price to equity (PE), Price to book (PB), G-Sec*PE and Market Cap to Gross Domestic
Product (GDP)
Equity Valuation Index
Market Outlook and Triggers
Most macro indicators suggest that the economy continues to recover
from the demonetisation shock. Macro variables particularly inflation
continues to under-shoot expectations meaningfully. Moreover,
forecasts for a normal monsoon has opened up prospects for a rate cut in
policy rates later this year.
India braces for its biggest tax reform since independence, as GST is
rolled out from 1st July, which could benefit the complete system by the
efficiency gains, lowering of logistical costs and the shift from
unorganized to organized segments. However, the near term impact of
GST could be marginally disruptive, due to inventory destocking and
restocking.
The earnings recovery trend may be patchy, but can be aided by a low
base effect, driven by lower interest rates and increased government
spending on priority investment areas and by global growth remaining
stable. We believe the equity market is in mid-cycle and recommend that
investors continue to maintain over-weight exposure in equities.
Reasonable growth is expected from equity markets over the next two-to-
three years. We believe that Price-to-Earnings ratio will be at a higher
level than its long-term average.
Investors could consider investing in large- and multi-cap funds.
However, as uncertainty of global events cannot be ruled out, we believe
that the equity market could be volatile in the near term. New or first time
investors looking for equity exposure, can consider SIP (Systematic
Investment Plan) in ICICI Prudential Dynamic Plan, ICICI Prudential
Balanced Fund and ICICI Prudential Value Discovery Fund. Investors who
aim to benefit from volatility can be overweight in equity by investing
lump-sum in dynamic asset allocation funds. ICICI Prudential
Infrastructure Fund could be a favourable choice for investors with high
risk appetite, who may want to benefit from Government's focus on
building infrastructure in India.
half of 2017-18 and announced reduction in the risk weights on some
home loans.
Majority of the S&P BSE sectoral indices ended lower in June. S&P BSE
Oil & Gas was the top laggard – down 7.33% after oil explorers were hit by
global crude oil prices falling to seven-month low. S&P BSE IT tumbled
3.87% owing to a stronger rupee, fall in global technology shares and
weak commentary from sector majors. Heavy sell-off was seen in auto
and capital goods shares; S&P BSE Auto index and S&P BSE Capital
goods index fell 3.21% and 2.96%, respectively. S&P BSE BANKEX index
fell 1.01% amid concerns that the RBI's call to increase provisioning for
bad loans may hurt profitability of banks in the near term. S&P BSE Realty
index was the top gainer – up 5.81% on optimism about Real Estate
(Regulation and Development) Act (RERA) and the RBI reducing risk
weights on home loans over the Rs 30-lakh category. Pharma counters
also saw some rebound owing to stock-specific developments; S&P BSE
Healthcare rose 4.62%.
Source: NSE, BSE
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80
100
120
140
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Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17
Book Profits / Stay Invested
Invest in Dynamic
Asset Allocation Funds
Invest in Equities
Aggressively Invest
in Equities

5
Note: None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the investors are requested to consult their financial advisors
before investing.
Fixed Income Market Outlook
Average Liquidity Support by RBI
Rs -3.10 trillion Includes: LAF, MSF, SLF & Term Repo
Bank Credit Growth
6.0%
Bank Deposit Growth
11.2%
Money Market
Tenure
Change in basis points (bps)
CD
1M
Change CP Change
3M
6M
12M
Bond Market Change in basis points
Tenure G-Sec Change
AAA
CB
Change
1Y
3Y
5Y
10Y
Macro Economy Data Release
Indicator
Latest
Update
Previous
Update
IIP
GDP
USD/INR
WPI
CPI
Month Overview (as on June 30, 2017)
6.50
6.65
6.93
7.17
0
-3
-7
-23
6.41
6.51
6.72
6.51
-12
-10
-18
-15
6.99
7.15
7.24
7.43
-3
-11
-12
-17
3.1% (Apr)
6.1% (4QFY17)
64.58 (Jun)
2.17% (May)
2.18% (May)
3.8% (Mar)
7.0% (3QFY17)
64.50 (May)
3.85% (Apr)
2.99% (Apr)
12
-6
-10
-15
6.30
6.30
6.45
6.65
INDICATORS
Credit Markets
Credit Spreads
Credit Spreads as on June 30, 2017
Tenure 6M 1Y 2Y 3Y 5Y 7Y 10Y 15Y
AAA 0.30% 0.65% 0.58% 0.54% 0.42% 0.53% 0.82% 0.31%
AA+ 0.52% 0.92% 0.80% 0.84% 0.78% 0.86% 1.16% 0.66%
AA 0.77% 1.17% 1.05% 1.11% 1.07% 1.15% 1.64% 1.03%
AA- 0.91% 1.32% 1.30% 1.43% 1.40% 1.51% 2.04% 1.52%
A+ 1.17% 1.56% 1.51% 1.72% 1.69% 1.75% 2.38% 1.86%
A 1.34% 1.73% 1.83% 2.04% 2.03% 2.10% 2.63% 2.11%
A- 1.66% 2.05% 2.22% 2.71% 2.63% 2.77% 3.23% 2.77%
LAF – Liquidity Adjustment Facility, MSF – Marginal Standing Facility,
SLF – Standing Liquidity Facility, CP - Commercial Paper, CD – Certificate
of Deposit, CB – Corporate Bond, IIP – India Industrial Production, CPI –
Consumer Price Index, WPI – Wholesale Price Index, CAD – Current
Account Deficit, GDP – Gross Domestic Product
Source: CRISIL
Data Source – RBI, Mospi.Nic.in, CRISIL Fixed Income Database
Credit Ratio
CRISIL's rating actions during fiscal 2017 underscore credit quality of
India Inc is gradually recovering. CRISIL's credit ratio for fiscal 2017 was
1.22 times, similar to the 1.29 times seen for fiscal 2016. The
improvement was driven by firm commodity prices, stable macros,
improving capital structure and lower interest costs. Going forward,
CRISIL expects the gradual improvement in credit quality to sustain. In
Bank Credit / Deposit Growth
Bank credit growth rose marginally to 6% year-on-year in the fortnight
ended June 9, 2017 compared with 5.6% year-on-year in the fortnight
ended May 12, 2017. Non-food bank credit fell marginally to Rs 76.00
trillion as on June 9, 2017 compared with outstanding credit of Rs 76.29
trillion as on May 12, 2017. Time deposit growth fell to 9.84% year-on-
year in the fortnight ended June 9, 2017 against 10.2% year-on-year in
the fortnight ended May 12, 2017. Demand deposits witnessed 24.84%
year-on-year growth in the fortnight ended June 9, 2017 compared with
31.8% year-on-year growth in the fortnight ended May 12, 2017. India's
M3 money supply fell 7.4% year-on-year in the fortnight ended June 9,
2017 compared with 10.1% a year ago. Reserve money fell 7.1% year-
on-year in the week ended June 23, 2017 compared with growth of
14.3% a year ago.
Source: RBI
Our Outlook
A credit ratio in FY17 has printed at a healthy 1.22 times. This
improvement goes on to show that the credit cycle has bottomed out.
With the commodity prices being stable, commodity-led businesses and
financial companies that were heavily invested in these sectors will
witness further improvement. As capacity utilisation is low, we do not
expect further investment in capital expenditure, thus, these companies
are expected to repay their loans and reduce debt, thereby improving the
balance sheet. Credit profile of many corporates has been improving and
we have witnessed upgrades in our portfolios of companies engaged in
various sectors. Therefore, we believe this reflects that economic
recovery cycle is well underway, and that the credit market is gradually
improving.
Inflation
India's Consumer Price Index (CPI)-based inflation in May 2017 slipped to
a record low of 2.18%, as food inflation dipped into the negative zone.
The decline continued to be led by pulses and vegetables which reported
inflation of -19.45% and -13.44%, respectively. Inflation rate for cereals
was 4.8% (down 20 basis points or bps compared to April), fruits (down
240 bps to 1.4%) and sugar (down 150 bps to 9.8%). Inflation in protein-
based items (pulses, eggs meat and fish and milk) fell to -7.2% in May
from -5.5% in April. Fuel inflation eased further in May as global crude oil
prices stayed benign and the rupee gained strength. Within this
category, inflation in fuel and light fell to 5.5% from 6.1%; while in petrol
and diesel, it fell to 8.9% from 10.9%. Core inflation (CPI excluding food,
fuel and light, petrol and diesel) eased slightly to 4.1% in May from 4.2%
in April led by lower inflation in 'health', 'personal care and effects' and the
'transport and communication segment', and some pick-up in inflation in
'recreation and amusement'. Wholesale Price Index (WPI) inflation fell for
the third consecutive month in May 2017 to 2.17% from 3.85% in April
2017, dragged down by food inflation and lower fuel inflation.
Source: Mospi.Nic.in, CRISIL Centre for Economic Research (CCER)
Currency in circulation dropped 11.6% year-on-year in the week ended
June 23, 2017 against 15.7% growth a year ago. The Reserve Bank of
India's (RBI's) liquidity window witnessed net lending of Rs 3.10 trillion
(as on June 29, 2017) in June 2017 against Rs 3.39 trillion in the previous
month.
Source: RBI, CRISIL Fixed Income Database
Money Markets
INDICATORS
Liquidity
all, there were 1,335 upgrades and 1,092 downgrades, during the year.
Like last fiscal, upgrades were driven by consumption-linked sectors,
while downgrades were led by investment-linked sectors. The impact of
demonetisation on credit quality is expected to be transient.
Source: CRISIL
Our Outlook
Interbank call money rates remained below the repo rate of 6.25% in the
month owing to ample liquidity in the system. Surplus liquidity
prompted the RBI to drain away excess funds through regular reverse
repo auctions. However, intermittent rise in call rates was seen on
outflows towards payment of indirect taxes and corporate advance
taxes. Meanwhile, the central bank, in its policy review, reduced the
Statutory Liquidity Ratio (SLR) by 50 basis points to 20% with effect from
June 24.

Fixed Income Market Outlook
Note: None of the aforesaid recommendations are based on any assumptions. These are purely for reference and the investors are requested to consult their financial advisors
before investing. 6
Physical assets
Indian gold prices closed June on a flat note to end at Rs 28,800 per 10
grams on June 30, same closing as on May 31 on the National
Commodity and Derivatives Exchange, owing to slackened buying by
local jewelers amid a weak global trend.
Source: National Commodity and Derivatives Exchange
Government Borrowing
In the Union Budget 2017-18, the government pegged the net market
borrowing at Rs 3.48 trillion after taking into account the buyback of Rs 750
billion in FY18 compared to Rs 4.07 trillion (after cancelling Rs 180 billion of
auctions in January 2017) in FY17. The gross market borrowing has been set
at Rs 5.8 trillion. The Centre will borrow Rs 3.72 trillion in the first half of FY18,
frontloading 64% of its gross market borrowing for the year. Auctions of
Debt Valuation
As our debt valuation index shows, current investment may offer better risk-adjusted returns. Long-term investors in debt are recommended to
invest in Dynamic Duration Funds as they have flexibility to change duration stance.
The RBI's policy
The Monetary Policy Committee (MPC) review meeting on June 7 announced
no policy rate change (repo rate stays at 6.25%, the reverse repo rate at 6%,
and marginal standing facility rate at 6.5%). However it reduced the Statutory
Liquidity Ratio (SLR) by 50 basis points to 20%. It maintained its neutral
monetary policy stance, but significantly softened its tone on inflation. Five
out of six members were in favour of the monetary policy decision. The MPC's
fiscal 2018 forecasts on gross value added (GVA) growth and consumer price
inflation (CPI) were both lowered. GVA growth was mildly reduced to 7.3%
(down 10 basis points) but the inflation forecast was brought sharply down to
~ 3.5% (from 4.8% average). The MPC reiterated its medium-term inflation
target of 4%.
Source: RBI, CCER
government securities worth Rs 600 billion are scheduled for July 2017.
Source: Union Budget 2017-18, RBI
INDICATORS
Bond Markets
Current Account
India's current account deficit (CAD) surged to $3.4 billion, or 0.6% of
GDP, in the fourth quarter of 2016-17 as against $0.3 billion (0.1% of GDP)
in the same quarter of last year but narrowed from $8.0 billion (1.4% of
GDP) in the preceding quarter. The widening of the CAD on a year-year-
on-year (y-o-y) basis was primarily on account of a higher trade deficit
($29.7 billion) brought about by a larger increase in merchandise imports
relative to exports. Net services receipts increased on a y-o-y basis on
the back of a rise in net earnings from travel, transport, construction and
other business services.
On a cumulative basis, the CAD narrowed to 0.7% of GDP in 2016-17
from 1.1% in 2015-16 on the back of the contraction in the trade deficit.
India's trade deficit narrowed to $112.4 billion in 2016-17 from $130.1
billion in 2015-16. Private transfer receipts, mainly representing
remittances by Indians employed overseas, at $15.7 billion remained
almost at the same level as in the preceding year. In the financial account,
net foreign direct investment at $5.0 billion in Q4 of 2016-17 moderated
from its level a year ago.
However, the net portfolio investment recorded inflow of $10.8 billion in
Q4 of 2016-17 in both equity and debt segment, as against net outflow of
$1.5 billion in Q4 last year. Net receipts on account of non-resident
deposits amounted to $2.7 billion in Q4 of 2016-17, lower than $4.4
billion a year ago. In Q4 of 2016-17, there was an accretion of foreign
exchange reserves (on BoP basis) to the tune of $7.3 billion as compared
with an increase of $3.3 billion in Q4 of last year.
Source: RBI
Debt Valuation Index considers WPI and CPI over G-Sec Yield, Current Account Balance and Crude Oil Movement for calculation. Equal weights are
assigned to each of these parameters for calculating the index.
Debt Valuation Index
Fixed Income Outlook
Government bond prices (gilts) rose in the month with the yield on the
10-year benchmark 6.79% 2027 paper ending at 6.51% on June 30, 2017,
compared with 6.66% yield on May 31, 2017. These prices rose on the
backdrop of hopes of an interest rate cut in the coming months after RBI
Monetary Policy Committee (MPC) revised the 2017-18 Consumer Price
Index (CPI) based inflation forecast.
The RBI slashed its projection on headline inflation to 2.0-3.5% for April-
September and 3.5-4.5% for October-March. Market sentiments were
also supported due to ease of inflation below targeted levels as
highlighted in the minutes of MPC meeting. However, the MPC seeks
more assurance that the trend would continue before deciding whether
to lower interest rates. However, further rise in gilts was capped on profit
booking towards the end of the quarter. Prices were also affected as
market players trimmed holdings to absorb the fresh supply of debt from
some domestic bond auctions.
We believe growth recovery will be gradual on the backdrop of
demonetisation and GST implementation. GST has led to massive
destocking in the economy and near term growth disruption. In our view,
inflation could be in line with RBI Monetary Policy Committee's revised
targets based on factors such as onset of normal monsoon, benign GST
rate and range bound crude prices.
Further, external stimulus to growth remains weak with Government
targeting lower fiscal deficit. Additionally, other macro-economic
indicators such as credit growth and credit to deposit ratio have not
shown significant improvement. In absence of external stimulus, pickup
in economic growth can be slower than expected.
Current real interest rates (gap between 10 Yr G-Sec and CPI Inflation) are
high and we believe this is not sustainable for long. Thus, we believe that
RBI can cut rates going forward and interest rates can moderate from the
current levels. Based on the above factors, we hold a moderately bullish
stance on yields and recommend investors to invest in short to medium
duration, dynamic duration and accrual funds.
Accrual Funds
This fund can dynamically change
duration strategy based on market
conditions.
These funds are better suited for
investors looking for accrual strategy.
Dynamic Duration Funds
FIXED INCOME RECOMMENDATIONS
Our Recommendation
For new allocations we recommend short to medium duration or accrual
based funds or dynamically managed funds.
ICICI Prudential Corporate Bond Fund
ICICI Prudential Regular Savings Fund
ICICI Prudential Savings Fund
ICICI Prudential Regular Income Fund
(An open ended income fund. Income is not
assured and is subject to the availability of
distributable surplus)
ICICI Prudential Dynamic Bond Fund
ICICI Prudential Long Term Plan
Short Duration Fund
ICICI Prudential Short Term Plan
This fund maintains short-duration
maturity.
2.69
-6
-4
-2
0
2
4
6
8
Jun-01 Jun-02 Jun-03 Jun-04 Jun-05 Jun-06 Jun-07 Jun-08 Jun-09 Jun-10 Jun-11 Jun-12 Jun-13 Jun-14 Jun-15 Jun-16 Jun-17
Aggressively in High Duration
High Duration
Moderate Duration
Low Duration
Ultra Low Duration

7
Fund Name Brief Description Page No.
Index
Large Cap
ICICI Prudential Focused Bluechip Equity Fund IPFBEF Diversified Largecap Equity fund focussed on Top 200 stocks by Market capitalisation 8
ICICI Prudential Select Large Cap Fund IPSLCF Concentrated Large Cap Fund 9
Large & Mid-cap
ICICI Prudential Top 100 Fund IPT100F A large and mid cap equity Fund with high variation in sector allocation 10
compared to benchmark
Multi-cap
ICICI Prudential Dynamic Plan IPDP Conservative multi-cap Fund investing in equity and debt. 11
ICICI Prudential Multicap Fund IPMULTIF Diversified equity fund investing in a mix of large, mid and small cap stocks 12
Value Style
ICICI Prudential Value Discovery Fund IPVDF Diversified Value Style Investing with flexicap approach 13
Mid Cap
ICICI Prudential Midcap Fund IPMIDF Diversified Mid-Cap Oriented Fund 14
Thematic/Sectoral
ICICI Prudential Infrastructure Fund IPIF Thematic Fund encompassing Infrastructure 15
Tax Planning
ICICI Prudential Long Term Equity Fund (Tax Saving) IPLTEF(TS) Open Ended Equity Scheme with Tax Saving advantage 16
Balanced
ICICI Prudential Balanced Fund IPBF A balanced Fund with allocation to equity (ranging from 65-80%) and Debt. 17
ICICI Prudential Child Care Plan (Gift Plan) IPCCP(GP) Diversified Long Term Child Benefit Oriented Plan 18
Equity Oriented Dynamic Asset Allocation
ICICI Prudential Balanced Advantage Fund IPBAF Asset Allocation Fund with equity exposure ranging between 30-80% and has exposure to debt. 19
ICICI Prudential Equity Income Fund IPEIF Asset Allocation Fund with allocation to equity (range 20% -40%), arbitrage and fixed income. 20
Hybrid Funds
ICICI Prudential MIP 25 (An open ended Income fund. Monthly income is
IPMIP25 Hybrid Fund which generally invests 0-25% in Equity 21
not assured and is subject to the availability of distributable surplus.)
ICICI Prudential Monthly Income Plan (An open ended income fund.
Monthly income is not assured and is subject to the availability of
IPMIP
Hybrid Fund which generally invests 0-15% in Equity 22
distributable surplus.)
ICICI Prudential Regular Income Fund (An open ended income fund.
IPRIF A hybrid debt Fund which generally invests 0-5% in Equity 23
Income is not assured and is subject to the availability of distributable surplus.)
Debt Funds
Liquid
ICICI Prudential Money Market Fund IPMMF Open Ended Money Market Fund 24
Ultra Short Term
ICICI Prudential Savings Fund IPSF Ultra Short Term Income Fund with exposure to Floating rate instruments 25
ICICI Prudential Ultra Short Term Plan IPUSTP Ultra Short Term Income Fund with moderate duration 26
Short Term
ICICI Prudential Dynamic Bond Fund IPDBF Actively Managed Dynamic Bond Fund with 1 - 5 years Modified duration range 27
ICICI Prudential Short Term Plan IPSTP Short Term Income Fund 28
Credit Opportunities
ICICI Prudential Regular Savings Fund IPRSF Retail Debt-Accrual Fund 29
ICICI Prudential Corporate Bond Fund IPCBF Medium Term Income Fund investing in Corporate Bonds 30
Income
ICICI Prudential Income Plan IPIP Long Term Income Fund with high duration strategy 31
ICICI Prudential Long Term Plan IPLTP Dynamic Income Fund with 1 to 10 years Modified Duration range 32
Annexure for Returns of all the Schemes 33-58
Systematic Investment Plan (SIP) Performance of Select Schemes 59-60
Annexure - I 61
Annexure - II 62
Dividend History for all Schemes 63-66
Investment Objective of all the schemes 67
Riskometer's 68
Schedule 1: One Liner Definitions 69
Schedule 2: How To Read Factsheet 70-71
Statutory Details & Risk Factors 72
Equity Funds
Abbreviations

Style Box
Quantitative Indicators
Fund Details
• Top Ten Holdings
Derivatives are considered at exposure value.
Fund Managers** :
Manish Gunwani
(Managing this fund from Jan 2012 &
Overall 20 years of experience)
Indicative Investment Horizon: 5 years
and above
Inception/Allotment date: 23-May-08
Options :
Growth & Dividend
(dividend payout*** and re-investment
facility available)
Application Amount for fresh
Subscription :
Rs.5,000 (plus in multiples of Re.1)
Min.Addl.Investment :
Rs.500 (plus in multiples of Re.1)
(w.e.f. 10-January-17)
Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP Option
Upto 1 Year from allotment - 1% of appli-
cable NAV, more than 1 Year - Nil
##
SIP :
Monthly Frequency: Rs. 500/- and in
multiple of Rs. 1/-
Quarterly Frequency: Rs. 5,000/- and in
multiple of Rs. 1/-
&&
SWP :
Rs. 500/- and in multiples of Rs. 1/-
STP/ Flex STP/ Value STP *:
Daily Frequency: Rs. 250/- and in
multiples of Rs. 50/-
Weekly, Monthly and Quarterly Frequency:
Rs. 1,000/- and in multiples of Rs. 1/-
Min.Redemption Amt. :
500/- or all units where amount is below 500/-
8
Std Dev (Annualised) : 12.89% Sharpe Ratio : 0.48
Average P/E : 25.66 Average P/BV : 5.52 Average Dividend Yield : 0.91
Portfolio Beta : 0.96 R squared : 0.95
Portfolio turnover has been computed as the ratio of the lower value of purchase and sales, to the average net assets in the past one year (since
inception for schemes that have not completed a year).
The figures are not netted for derivative transactions.
Risk-free rate based on the last Overnight MIBOR cut-off of 6.25%
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Ms. Priyanka Khandelwal.
@@ Total Expense Ratio is weighted average for the month. Ratio excludes service tax on management fees and includes B-15 clawback reversal,
if any.
##
Minimum number of installments for monthly frequency will be 6 and for Quarterly frequency will be 4. w.e.f February 01, 2017.
* Minimum number of installments for daily, weekly and monthly frequency will be 6 and for Quarterly frequency will be 4. w.e.f February 01, 2017.
Refer page No. 71 for definition of Flex STP and Value STP.
&&
Minimum number of installments for both monthly and quarterly will be 2. w.e.f February 01, 2017.
*** In case the unit holder has opted for dividend payout option, the minimum amount for dividend payout shall be 100 (net of dividend distribution tax
and other statutory levy, if any), else the dividend would be mandatorily reinvested.
Style Box Returns of ICICI Prudential Focused Bluechip Equity Fund - Growth Option as on June 30, 2017 - (IPFBEF)
Monthly AAUM as on 30-Jun-17 :
Rs. 13559.42 crores
Portfolio as on June 30, 2017
ICICI Prudential Focused Bluechip Equity Fund
An Open Ended Equity Fund
Auto 8.64% 0.55%
• Maruti Suzuki India Ltd. 4.04%
Tata Motors Ltd. 2.02%
TVS Motor Company Ltd. 1.08%
TVS Motor Company Ltd. - Futures 0.55%
Tata Motors Ltd. - DVR 0.79%
Ashok Leyland Ltd. 0.71%
Auto Ancillaries 3.45%
• Motherson Sumi Systems Ltd. 3.45%
Banks 31.65% 0.40%
• HDFC Bank Ltd. 7.35%
• ICICI Bank Ltd. 7.20%
• State Bank Of India 4.88%
State Bank Of India - Futures 0.24%
• Axis Bank Ltd. 3.75%
Axis Bank Ltd. - Futures 0.15%
• IndusInd Bank Ltd. 3.29%
Kotak Mahindra Bank Ltd. 3.23%
Yes Bank Ltd. 1.22%
The Federal Bank Ltd. 0.72%
Cement 0.29%
ACC Ltd. 0.29%
Construction Project 3.07%
Larsen & Toubro Ltd. 3.07%
Consumer Non Durables 6.76%
• ITC Ltd. 4.19%
Britannia Industries Ltd. 1.68%
Dabur India Ltd. 0.76%
Asian Paints Ltd. 0.13%
Ferrous Metals 1.90%
Tata Steel Ltd. 1.63%
Steel Authority Of India Ltd. 0.27%
Finance 5.30%
• Bajaj Finserv Ltd. 3.51%
HDFC Ltd. 0.99%
Muthoot Finance Ltd. 0.80%
Gas 1.50%
GAIL (India) Ltd. 1.50%
Industrial Products 0.43%
Cummins India Ltd. 0.43%
Media & Entertainment 0.29%
Zee Entertainment Enterprises Ltd. 0.29%
Minerals/Mining 0.40%
Coal India Ltd. 0.40%
Non - Ferrous Metals 2.02%
Hindalco Industries Ltd. 2.02%
Oil 0.18%
Oil & Natural Gas Corporation Ltd. 0.18%
Petroleum Products 4.00%
Reliance Industries Ltd. 1.83%
Indian Oil Corporation Ltd. 1.24%
Castrol India Ltd. 0.64%
Bharat Petroleum Corporation Ltd. 0.30%
Pharmaceuticals 7.32% 0.12%
Cipla Ltd. 2.74%
Cipla Ltd. - Futures 0.12%
Sun Pharmaceutical Industries Ltd. 2.64%
Lupin Ltd. 1.25%
Biocon Ltd. 0.68%
Power 4.60%
Power Grid Corporation Of India Ltd. 2.05%
NTPC Ltd. 1.72%
Tata Power Company Ltd. 0.84%
Retailing 1.29%
Avenue Supermarts Ltd. 1.29%
Software 7.59%
• Infosys Ltd. 3.28%
Tech Mahindra Ltd. 1.87%
Wipro Ltd. 1.45%
HCL Technologies Ltd. 0.99%
Telecom - Services 2.18%
Bharti Airtel Ltd. 1.91%
Idea Cellular Ltd. 0.27%
Transportation 3.23%
Interglobe Aviation Ltd. 2.10%
Container Corporation Of India Ltd. 1.14%
Treasury Bills 0.74%
91 Days Treasury Bill 2017 SOV 0.74%
CPs and CDs 0.37%
Volkswagen Finance Pvt. Ltd. FITCH A1+ 0.37%
Units of Mutual Fund 0.23%
ICICI Prudential Nifty 100 iWIN ETF 0.23%
Short Term Debt and net current assets 1.50%
Total Net Assets 100.00%
NAV (As on 30-Jun-17):
IPFBEF Growth Option : 35.73
IPFBEF Dividend Option : 22.48
IPFBEF Direct Plan Growth Option : 37.14
IPFBEF Direct Plan Dividend Option : 31.29
Closing AUM as on 30-Jun-17 :
Rs. 13497.24 crores
Benchmark Std Dev (Annualised) : 13.02%
Entry load : Nil
Dividend History : Refer page no. from 62 to 66
SIP Returns : Refer page no. from 59 to 60
Total Expense Ratio @@ :
IPFBEF : 2.10% p. a.
IPFBEF Direct Plan : 1.16% p. a.
Investment Objective : Refer page no. from 67
Riskometer
• Long term wealth creation solution
• A focused large cap equity fund that aims for growth by investing in
companies in the large cap category
This Product is suitable for investors who are seeking*:
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Annual Portfolio Turnover Ratio : Equity - 0.60 times, Others (Debt and Derivatives) - 0.86 times Combined Annual Portfolio Turnover Ratio : 1.46 times
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Focused Bluechip Equity Fund.
2. The scheme is currently managed by Manish Gunwani. Mr. Manish Gunwani has been managing this fund since Jan 2012. Total Schemes managed by the Fund
Manager is 12 (11 are jointly managed). Refer annexure from page no. 33 for performance of other schemes currently managed by Manish Gunwani.
3. Date of inception:23-May-08.
4. Past performance may or may not be sustained in future and the same may not necessarily provide the basis for comparison with other investment.
5. Load is not considered for computation of returns.
6. In case, the start/end date of the concerned period is a nonbusiness date (NBD), the NAV of the previous date is considered for computation of returns. The NAV
per unit shown in the table is as on the start date of the said period
Scheme
NAV (Rs.) Per Unit (as on
June 30,2017 : 35.73)
CAGR (%)
10.00
Nifty 50 Index (Benchmark)
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
1 Year 3 Year 5 Year
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
30.17 25.27 16.26
Particulars
18.43 11842.89 12.23 14139.30 17.03 21974.17 15.00 35730.00
14.88 11487.92 7.74 12508.82 12.50 18035.77 7.45 19247.56
Company/Issuer Rating % to % to NAV
NAV Derivatives
NAV Derivatives

Fund Managers **:
Mrinal Singh
(Managing this fund since Dec, 2015 &
Vinay Sharma
(Managing this fund since Apr, 2014 &
Indicative Investment Horizon :
5 years and above
Inception/Allotment date: 28-May-09
IPSLCF Growth Option : 26.64
IPSLCF Dividend Option : 16.67
IPSLCF Direct Plan Growth Option : 27.82
IPSLCF Direct Plan Dividend Option : 24.65
Options :
Growth, Dividend
facility available)
Subscription :
out :- Lumpsum Investment Option
Within 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil
Note : Default trigger is now set at 50% of the appreciation of NAV.
@@ Total Expense Ratio is weighted average for the month. Ratio excludes service tax on management fees and includes B-15 clawback reversal, if
any.
##
&&
Rs. 793.30 crores
##
SIP :
Monthly Frequency: Rs. 1,000/- and
in multiple of Rs. 1/-
Quarterly Frequency: Rs. 5,000/- and
STP/ Flex STP/ Value STP * :
Rs. 787.01 crores
9
Style Box Returns of ICICI Prudential Select Large Cap Fund - Growth Option as on June 30, 2017 - (IPSLCF)
ICICI Prudential Select Large Cap Fund
Entry load : Nil
RiskometerThis Product is suitable for investors who are seeking*:
• An equity fund that aims to generate capital appreciation by
investing in equity or equity related securities of companies
forming part of S&P BSE 100 Index
&&
SWP :
Auto 13.69%
• Mahindra & Mahindra Ltd. 7.93%
• Tata Motors Ltd. 5.76%
Banks 21.67%
State Bank Of India 4.92%
• Larsen & Toubro Ltd. 9.89%
• Indian Oil Corporation Ltd. 5.71%
Pharmaceuticals 14.72%
• Sun Pharmaceutical Industries Ltd. 8.55%
• Cipla Ltd. 6.17%
Power 5.00%
Software 14.94%
• Wipro Ltd. 7.94%
CPs and CDs 3.17%
Tata Capital Financial Services Ltd.ICRA A1+ 3.17%
Company/Issuer % to
NAV
IPSLCF : 2.63% p. a.
IPSLCF Direct Plan : 1.32% p. a.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Select Large Cap Fund.
2. The scheme is currently managed by Mrinal Singh and Vinay Sharma. Mr. Mrinal Singh has been managing this fund since Dec 2015. Total Schemes managed
by the Fund Manager . Refer annexure from page no. 33 for performance of other schemes currentlyis 15 (14 are jointly managed [Excludes FoF Schemes])
managed by Mrinal Singh.
Mr. Vinay Sharma has been managing this fund since Apr 2014 . Total Schemes managed by the Fund Manager Refer annexure fromis 9 (7 are jointly managed).
page no. 33 for performance of other schemes currently managed by Vinay Sharma.
3. Date of inception: 28-May-09.
Scheme
Nifty 50 Index (Additional Benchmark)
June 30,2017 : 26.64)
CAGR (%)
10.00
S&P BSE 100 Index (Benchmark)
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
23.58 20.24 13.32
Particulars
12.98 11297.71 9.58 13162.06 14.85 20000.00 12.87 26640.00
16.88 11687.91 8.36 12725.42 13.28 18663.48 10.72 22805.85
14.88 11487.92 7.74 12508.82 12.50 18035.77 10.20 21952.23

10
Fund Details
Style Box
Fund Managers** :
Sankaran Naren
(Managing this fund from Feb 2012, earlier
managed from Aug 2009 to Feb 2011
& has Overall 26 Years of experience)
Ihab Dalwai
(Managing this fund since June, 2017 &
overall 5 years of experience)
Inception/Allotment date: 09-Jul-98
and above
IPT100F Growth Option : 297.31
IPT100F Dividend Option : 18.08
IPT100F Direct Plan Growth Option : 309.02
IPT100F Direct Plan Dividend Option : 23.44
Options :
Growth, Dividend
facility available)
Subscription :
applicable NAV, more than 1 Year - Nil
&&
SWP :
Portfolio turnover has been computed as the ratio of the lower value of purchase and sales, to the average net assets in the past one year
(since inception for schemes that have not completed a year).
Industry classification is done as per Global Industry Classification Standard (GICS) by MSCI and Standard & Poor’s for Foreign Equity
@@ Total Expense Ratio is weighted average for the month. Ratio excludes service tax on management fees and includes B-15 clawback
reversal, if any.
•Top Ten Holdings
Returns of ICICI Prudential Top 100 Fund - Growth Option as on June 30, 2017 - (IPT100F)
Rs. 2320.05 crores
ICICI Prudential Top 100 Fund
Rs. 2364.29 crores
Entry load : Nil
• An equity fund that aims to provide long term capital appreciation
by predominantly investing in equity and equity related securities.
Disclaimer
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc.
(“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”) and is licensed for use by ICICI Prudential Asset Management Company Ltd.
Neither MSCI, S&P nor any other party involved in making or compiling the GICS or any GICS classifications makes any express or implied
warranties or representations with respect to such standard or classification (or the results to be obtained by the use thereof), and all such
parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a particular purpose
with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates
or any third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special,
punitive, consequential or any other damages (including lost profits) even if notified of the possibility of such damages.
##
* Minimum number of installments for daily, weekly and monthly frequency will be 6 and for Quarterly frequency will be 4. w.e.f February 01,
2017. Refer page No. 71 for definition of Flex STP and Value STP.
&&
*** In case the unit holder has opted for dividend payout option, the minimum amount for dividend payout shall be 100 (net of dividend
distribution tax and other statutory levy, if any), else the dividend would be mandatorily reinvested.
IPT100F : 2.38% p. a.
IPT100F Direct Plan : 1.03% p. a.
##
SIP :
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Top 100 Fund.
2. The scheme is currently managed by Sankaran Naren and Ihab Dalwai. Mr. Sankaran Naren has been managing this fund since Feb 2012. Total Schemes
managed by the Fund Manager . Refer annexure from page no. 33 for performance of other schemes currently managed by Sankaranis 16 (15 are jointly managed)
Naren.
Mr. Ihab Dalwai has been managing this fund since June 2017. Total Schemes managed by the Fund Manager is 6 . Refer annexure from(6 are jointly managed)
page no. 33 for performance of other schemes currently managed by Ihab Dalwai.
3. Date of inception:09-Jul-98.
Scheme
June 30,2017 : 297.31)
CAGR (%)
10.00
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
245.20 215.78 136.97
Particulars
21.25 12125.20 11.26 13778.39 16.75 21706.21 19.56 297310.00
14.88 11487.92 7.74 12508.82 12.50 18035.77 12.84 99067.69
Auto 4.28%
Mahindra & Mahindra Ltd. 0.86%
Apollo Tyres Ltd. 1.94%
Banks 15.65%
Axis Bank Ltd. 2.84%
Chemicals 4.00%
• Tata Chemicals Ltd. 4.00%
Larsen & Toubro Ltd. 2.74%
Ashoka Buildcon Ltd. 1.42%
Glaxosmithkline Consumer Healthcare Ltd. 1.60%
Mcleod Russel India Ltd. 1.08%
ITC Ltd. 1.07%
Coffee Day Enterprises Pvt. Ltd. 0.27%
Ferrous Metals 4.62% -1.14%
• Tata Steel Ltd. 4.62%
Tata Steel Ltd. - Futures -1.14%
Finance 5.60%
• IDFC Ltd. 3.37%
BSE Ltd. 1.37%
Sundaram Finance Ltd. 0.86%
Gas 1.09%
Vedanta Ltd. 1.05%
Oil 2.17%
Pesticides 0.79%
Rallis India Ltd. 0.79%
Lupin Ltd. 0.90%
Divi's Laboratories Ltd. 0.27%
Power 8.76%
• Power Grid Corporation Of India Ltd. 5.03%
NTPC Ltd. 2.17%
Services 1.44%
Thomas Cook (India) Ltd. 1.44%
Software 8.82%
• Tech Mahindra Ltd. 2.88%
• Bharti Airtel Ltd. 6.42%
The Great Eastern Shipping Company Ltd. 2.79%
Adani Ports and Special Economic Zone Ltd. 0.73%
Gateway Distriparks Ltd. 0.30%
CPs and CDs 1.05%
Tata Capital Financial Services Ltd. ICRA A1+1.05%
NAV Derivatives
NAV Derivatives

Returns of ICICI Prudential Dynamic Plan - Growth Option as on June 30, 2017 - (IPDP)
@
Short Term < 8 Years, Long Term > 8 Years.
# Automatic Withdrawal Plan (AWP) feature will allow investors to redeem a fixed sum of money periodically at the prevailing Net Asset Value (NAV) depending on the
option chosen by the investor. For more details of this feature, Investors are requested to visit the website of the AMC viz., www.icicipruamc.com
Portfolio turnover has been computed as the ratio of the lower value of purchase and sales, to the average net assets in the past one year (since inception for schemes that
have not completed a year).
Risk-free rate based on the last Overnight MIBOR cut-off of 6.25%.
Industry classification is done as per Global Industry Classification Standard (GICS) by MSCI and Standard & Poor’s for Foreign Equity
@@ Total Expense Ratio is weighted average for the month. Ratio excludes service tax on management fees and includes B-15 clawback reversal, if any.
Disclaimer
The Global Industry Classification Standard (“GICS”) was developed by and is the exclusive property and a service mark of MSCI Inc. (“MSCI”) and Standard & Poor’s
Financial Services LLC (“S&P”) and is licensed for use by ICICI Prudential Asset Management Company Ltd. Neither MSCI, S&P nor any other party involved in making or
compiling the GICS or any GICS classifications makes any express or implied warranties or representations with respect to such standard or classification (or the results
to be obtained by the use thereof), and all such parties hereby expressly disclaim all warranties of originality, accuracy, completeness, merchantability and fitness for a
particular purpose with respect to any of such standard or classification. Without limiting any of the foregoing, in no event shall MSCI, S&P, any of their affiliates or any
third party involved in making or compiling the GICS or any GICS classifications have any liability for any direct, indirect, special, punitive, consequential or any other
damages (including lost profits) even if notified of the possibility of such damages.
##
* Minimum number of installments for daily, weekly and monthly frequency will be 6 and for Quarterly frequency will be 4. w.e.f February 01, 2017. Refer page No. 71 for
definition of Flex STP and Value STP.
&&
*** In case the unit holder has opted for dividend payout option, the minimum amount for dividend payout shall be 100 (net of dividend distribution tax and other
statutory levy, if any), else the dividend would be mandatorily reinvested.
Fund Managers** :
Sankaran Naren
(Managing this fund from Feb 2012, earlier
managed from Sep 2006 to Feb 2011
and & has Overall 26 Years of experience)
Ihab Dalwai
and above
Inception/Allotment date: 31-Oct-02
IPDP Growth Option : 234.4081
IPDP Dividend Option : 23.0298
IPDP Direct Plan Growth Option : 242.5970
IPDP Direct Plan Dividend Option : 26.4237
Options :
Growth & Dividend
facility available)
Subscription :
#
out :- Lumpsum & SIP / STP / SWP / AWP
Upto 10% of units within 1 Year from the date
of allotment - Nil
More than 10% of units within 1 Year from the
date of allotment - 1% of applicable Net
Asset Value (NAV)
After 1 Year from the date of allotment -
Nil w.e.f. 10th November 2016.
&&
SWP :
Daily Frequency: Rs. 250/- and in multiples
of Rs. 50/-
Fund Details
11
Style Box
Rs. 6548.61 crores
Net Equity Level : 77.79%
ICICI Prudential Dynamic Plan
An Open Ended Diversified Equity Fund
Rs. 6642.53 crores
Entry load : Nil
• A diversifed equity fund that aims for growth by investing in equity
and debt (for defensive considerations)
IPDP : 2.18% p. a.
IPDP Direct Plan : 1.21% p. a.
Equity Shares 69.42% 2.65%
Auto 3.11%
Motherson Sumi Systems Ltd. 0.01%
Banks 11.21% 0.93%
ICICI Bank Ltd. - Futures 0.38%
IndusInd Bank Ltd. - Futures 0.36%
Kotak Mahindra Bank Ltd. - Futures 0.19%
HDFC Bank Ltd. 0.02%
Cement 0.34%
Sagar Cements Ltd. 0.33%
Shree Cements Ltd. 0.01%
Chemicals 5.45%
Rain Industries Ltd. 1.13%
Construction 0.18%
Texmaco Infrastructure & Holdings Ltd. 0.18%
Consumer Durables 0.39%
Bata India Ltd. 0.39%
Mcleod Russel India Ltd. 1.04%
ITC Ltd. 0.73%
Coffee Day Enterprises Pvt. Ltd. 0.39%
Sarda Energy & Minerals Ltd. 0.05%
Finance 2.51%
IDFC Ltd. 2.08%
Equitas Holdings Ltd. 0.42%
Gas 0.70%
Petronet LNG Ltd. 0.50%
Healthcare Services 0.19%
Healthcare Global Enterprises Ltd. 0.19%
Electrosteel Castings Ltd. 0.14%
D.B. Corp Ltd. 0.48%
HT Media Limited 0.34%
Gujarat Mineral Development Corporation Ltd. 1.11%
Vedanta Ltd. 1.87%
Oil 1.15%
Pesticides 0.35%
IPCA Laboratories Ltd. 0.89%
Astrazeneca Pharma India Ltd. 0.60%
Lupin Ltd. 0.19%
Power 8.03% 0.31%
Tata Power Company Ltd. - Futures 0.31%
NTPC Ltd. 1.52%
Kalpataru Power Transmission Ltd. 0.25%
Software 6.16% 1.41%
Infosys Ltd. 2.83%
Infosys Ltd. - Futures 1.41%
Cyient Ltd. 0.19%
Redington (India) Ltd. 0.10%
Starlog Enterprises Ltd. 0.05%
Gujarat Pipavav Port Ltd. 0.05%
Foreign Equity 5.72%
Automobile Manufacturers 4.56%
• Honda Motor Company Ltd. 4.56%
Textiles & Apparel 1.17%
Skechers USA 1.17%
91 Days Treasury Bill 2017 SOV 1.50%
CPs and CDs 1.53%
Tata Industries Ltd. CRISIL A1+ 0.79%
HDFC Ltd. CARE A1+ 0.74%@
Government Securities - Long Term 7.14%
• 07.61% GOI 2030 SOV 4.22%
07.59% GOI 2026 SOV 2.92%
Corporate Securities 7.39%
• Axis Bank Ltd. CRISIL AA+ 3.01%
HDFC Bank Ltd. CRISIL AA+ 1.53%
Sadbhav Infrastucture Project Ltd. CARE A+ 1.20%
Arvind Lifestyle Brands Ltd. CARE AA 0.99%
Jindal Steel & Power Ltd. CRISIL D 0.66%
NAV Derivatives
NAV Derivatives
##
SIP :
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Dynamic Plan.
2. The scheme is currently managed by Sankaran Naren and Ihab Dalwai. Mr. Sankaran Naren has been managing this fund since Feb 2012. Total Schemes
Naren.
3. Date of inception:31-Oct-02.
Scheme
June 30,2017 : 234.4081)
CAGR (%)
10.00
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
191.0652 169.0694 105.2296
Particulars
22.68 12268.49 11.50 13864.61 17.35 22275.87 23.98 234408.10
14.88 11487.92 7.74 12508.82 12.50 18035.77 17.00 100072.52

12
Style Box
Fund Details
Fund Managers** :
George Heber Joseph
Atul Patel
(Managing this fund since Aug, 2016 &
and above
IPMULTIF Growth Option : 254.38
IPMULTIF Dividend Option : 24.70
IPMULTIF Direct Plan Growth Option : 263.53
IPMULTIF Direct Plan Dividend Option : 31.59
Options :
Growth & Dividend
facility available)
Subscription :
Upto 18 Months from allotment - 1% of
applicable NAV, more than 18 Months - Nil
&&
SWP :
of Rs. 50/-
Std Dev (Annualised) : 12.67% Sharpe Ratio: 0.66
any.
##
&&
Returns of ICICI Prudential Multicap Fund - Growth Option as on June 30, 2017 - (IPMULTIF)
Rs. 2785.09 crores
Rs. 2835.41 crores
ICICI Prudential Multicap Fund
An Open Ended Growth Fund
Entry load : Nil
• A growth oriented equity fund that invests in equity and equity
related securities of core sectors and associated feeder industries.
IPMULTIF : 2.29% p. a.
IPMULTIF Direct Plan : 1.03% p. a.
##
SIP :
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Multicap Fund.
2. The scheme is currently managed by George Heber Joseph and Atul Patel. Mr. George Heber Joseph has been managing this fund since Dec 2015. Total
Schemes managed by the Fund Manager . Refer annexure from page no. 33 for performance of other schemes currently managed byis 9 (8 are jointly managed)
George Heber Joseph.
Mr. Atul Patel has been managing this fund since Aug 2016 . Total Schemes managed by the Fund Manager is 14 (13 are jointly managed). Refer annexure from
page no. 33 for performance of other schemes currently managed by Atul Patel.
3. Date of inception:01-Oct-94
Scheme
June 30,2017 : 254.38)
CAGR (%)
10.00
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
216.92 168.49 104.80
Particulars
17.27 11726.90 14.70 15097.63 19.38 24272.90 15.28 254380.00
18.08 11808.36 9.91 13280.05 14.16 19406.11 9.85 84936.23
14.88 11487.92 7.74 12508.82 12.50 18035.77 9.18 73775.12
Auto 4.17%
Mahindra & Mahindra Ltd. 1.41%
Ashok Leyland Ltd. 0.61%
Tube Investments of India Ltd. 0.75%
Banks 11.70% 0.54%
• Axis Bank Ltd. 3.49%
Oriental Bank Of Commerce 1.79%
Oriental Bank of Commerce - Futures 0.54%
Bank Of Baroda 0.74%
Cement 3.04%
Orient Cement Ltd. 1.34%
Grasim Industries Ltd. 1.20%
JK Lakshmi Cement Ltd. 0.34%
Chemicals 3.19%
Tata Chemicals Ltd. 1.43%
Solar Industries India Ltd. 1.05%
Camlin Fine Sciences Ltd. 0.70%
Construction 0.26%
Brigade Enterprises Ltd. 0.26%
• Engineers India Ltd. 2.59%
Blue Star Ltd. 0.48%
Kansai Nerolac Paints Ltd. 1.49%
Bajaj Corp Ltd. 0.80%
Agro Tech Foods Ltd. 0.59%
Finance 7.73%
• Sundaram Finance Ltd. 2.42%
Equitas Holdings Ltd. 1.93%
CRISIL Ltd. 1.51%
Bharat Financial Inclusion Ltd. 1.09%
Max Financial Services Ltd. 0.78%
Gas 2.96%
• Petronet LNG Ltd. 2.96%
Healthcare Services 0.85%
Narayana Hrudayalaya Ltd. 0.85%
AIA Engineering Ltd. 1.93%
FAG Bearings India Ltd. 1.51%
Mahindra CIE Automotive Ltd. 1.32%
Entertainment Network (India) Ltd. 1.11%
Hindustan Zinc Ltd. 2.02%
Pesticides 2.60%
PI Industries Ltd. 1.48%
• Indian Oil Corporation Ltd. 2.60%
Hindustan Petroleum Corporation Ltd. 0.97%
Lupin Ltd. 2.22%
Torrent Pharmaceuticals Ltd. 2.04%
Alembic Pharmaceuticals Ltd. 1.93%
Cipla Ltd. 1.53%
Services 4.12%
• Thomas Cook (India) Ltd. 4.12%
Software 6.60%
Persistent Systems Ltd. 0.08%
• Blue Dart Express Ltd. 3.13%
NAV Derivatives
NAV Derivatives

Fund Details
Returns of ICICI Prudential Value Discovery Fund - Growth Option as on June 30, 2017 - (IPVDF)Style Box
13
Inception/Allotment date: 16-Aug-04
Fund Managers** :
Mrinal Singh
(Managing this fund since Feb 2011 &
and above
IPVDF Growth Option : 132.99
IPVDF Dividend Option : 31.47
IPVDF Direct Plan Growth Option : 138.97
IPVDF Direct Plan Dividend Option : 50.57
Options :
Growth & Dividend
facility available)
Subscription :
Rs.500 (plus in multiples of Re.1)
(w.e.f. 10-January-17)
Upto 12 Months from allotment - 1%
of applicable NAV, more than 12
Months - Nil
##
SIP :
Monthly Frequency: Rs. 500/- and in
multiple of Rs. 1/-
Quarterly Frequency: Rs. 5,000/- and in
multiple of Rs. 1/-
&&
SWP :
of Rs. 50/-
Average P/E : 19.89 Average P/BV : 4.43 Average Dvidend Yield : 0.88
any.
##
&&
Rs. 17358.78 crores
Rs. 17231.64 crores
ICICI Prudential Value Discovery Fund
Auto 5.27%
• Mahindra & Mahindra Ltd. 3.76%
Exide Industries Ltd. 1.61%
Amara Raja Batteries Ltd. 1.46%
Balkrishna Industries Ltd. 0.88%
Banks 18.66%
Kotak Mahindra Bank Ltd. 2.24%
Karur Vysya Bank Ltd. 0.83%
The Jammu & Kashmir Bank Ltd. 0.49%
Cement 0.66%
Birla Corporation Ltd. 0.66%
Sadbhav Engineering Ltd. 1.67%
GMR Infrastructure Ltd. 0.12%
Blue Star Ltd. 0.65%
United Spirits Ltd. 0.85%
Finance 3.94%
Bajaj Finserv Ltd. 2.15%
Max Financial Services Ltd. 1.65%
Housing & Urban Development Corporation Ltd. 0.13%
Gas 1.68%
Petronet LNG Ltd. 1.68%
Industrial Capital Goods 1.13%
Bharat Electronics Ltd. 1.13%
Bharat Forge Ltd. 1.03%
Pesticides 1.99%
PI Industries Ltd. 1.99%
Cipla Ltd. 1.54%
Divi's Laboratories Ltd. 0.55%
Power 5.85%
• NTPC Ltd. 4.60%
Software 15.94%
• Wipro Ltd. 7.69%
Mphasis Ltd. 0.75%
Mindtree Ltd. 0.57%
• 91 Days Treasury Bill 2017 SOV 2.90%
Company/Issuer Rating % to NAV
Entry load : Nil
• A diversified equity fund that aims to generate returns by investing
in stocks with attractive valuations
Company/Issuer Rating % to NAV
IPVDF : 2.11% p. a.
IPVDF Direct Plan : 1.05% p. a.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Value Discovery Fund.
2. The scheme is currently managed by Mrinal Singh. Mr. Mrinal Singh has been managing this fund since Feb 2011. Total Schemes managed by the Fund
Manager . Refer annexure from page no. 33 for performance of other schemes currently managed by Mrinalis 15 (14 are jointly managed [Excludes FoF Schemes])
Singh.
3. Date of inception:16-Aug-04.
Scheme
June 30,2017 : 132.99)
CAGR (%)
10.00
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
119.87 90.03 48.68
Particulars
10.95 11094.52 13.87 14771.74 22.24 27319.23 22.25 132990.00
19.48 11948.42 10.40 13459.29 14.53 19720.93 15.53 64164.62
14.88 11487.92 7.74 12508.82 12.50 18035.77 14.86 59537.25

14
@@ Total Expense Ratio is weighted average for the month. Ratio excludes service tax on management fees and includes B-15 clawback reversal, if any.
##
&&
*** In case the unit holder has opted for dividend payout option, the minimum amount for dividend payout shall be 100 (net of dividend distribution
tax and other statutory levy, if any), else the dividend would be mandatorily reinvested.
Refer Disclaimer of India Index Services & Products Limited (IISL) on page no. 61.
Style Box
Fund Details
Fund Managers** :
Mittul Kalawadia
(Managing this fund since Apr, 2016 &
Mrinal Singh
(Managing this fund since May 2011 &
Indicative Investment Horizon:
5 years and above
IPMIDF Growth Option : 89.19
IPMIDF Dividend Option : 26.87
IPMIDF Direct Plan Growth Option : 92.57
IPMIDF Direct Plan Dividend Option : 31.94
Options :
Growth & Dividend
facility available)
Subscription :
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP / SWP Option
applicable NAV, more than 1 Year -
Nil
##
SIP :
&&
SWP :
of Rs. 50/-
Portfolio turnover has been computed as the ratio of the lower value of purchase and sales, to the average net assets in the past one year
(since inception for schemes that have not completed a year).
The Nifty Midcap 100 Index has been renamed to Nifty Free Float Midcap 100 with effect from 01 April 2016 as per NSE circular dated 28
March 2016
Returns of ICICI Prudential Midcap Fund - Growth Option as on June 30, 2017 - (IPMIDF)
Rs. 1256.16 crores
Rs. 1243.40 crores
• Exide Industries Ltd. 3.24%
Endurance Technologies Pvt. Ltd. 2.12%
Precision Camshafts Ltd. 0.95%
Banks 10.33%
• The Jammu & Kashmir Bank Ltd. 3.95%
The South Indian Bank Ltd. 2.39%
HDFC Bank Ltd. 2.09%
Karur Vysya Bank Ltd. 1.89%
Cement 3.61%
Sagar Cements Ltd. 1.33%
JK Cement Ltd. 0.77%
Chemicals 6.52%
Clariant Chemicals (India) Ltd. 1.30%
Deepak Nitrite Ltd. 1.25%
Camlin Fine Sciences Ltd. 0.38%
• Engineers India Ltd. 3.77%
• Ashoka Buildcon Ltd. 3.25%
NCC Ltd. 2.39%
GMR Infrastructure Ltd. 0.48%
Gammon Infrastructure Projects Ltd. 0.42%
Orient Paper & Industries Ltd. 1.22%
Sheela Foam Ltd. 1.19%
United Spirits Ltd. 1.48%
Manpasand Beverages Ltd. 0.99%
Tata Metaliks Ltd. 0.12%
Finance 7.83%
• Bajaj Finserv Ltd. 5.26%
Bharat Financial Inclusion Ltd. 2.57%
Gas 7.48%
• Petronet LNG Ltd. 5.54%
Indraprastha Gas Ltd. 1.94%
Bharat Electronics Ltd. 1.21%
• Elgi Equipments Ltd. 3.76%
Inox Leisure Ltd. 1.10%
• Hindalco Industries Ltd. 3.00%
Pesticides 1.37%
Unichem Laboratories Ltd. 2.40%
Cipla Ltd. 2.12%
Power 0.28%
Ksk Energy Ventures Ltd. 0.28%
Retailing 3.41%
• Avenue Supermarts Ltd. 3.41%
Services 1.76%
Thomas Cook (India) Ltd. 1.76%
Software 3.11%
Larsen & Toubro Infotech Ltd. 1.12%
Mphasis Ltd. 0.42%
Textile Products 2.35%
Welspun India Ltd. 1.90%
Mayur Uniquoters Ltd. 0.45%
Spicejet Ltd. 0.69%
CPs and CDs 2.00%
Tata Capital Financial Services Ltd. ICRA A1+ 2.00%
ICICI Prudential Midcap Fund
Entry load : Nil
• An equity fund that aims for capital appreciation by investing in
mid cap stocks.
IPMIDF : 2.46% p. a.
IPMIDF Direct Plan : 1.30% p. a.
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Midcap Fund.
2. The scheme is currently managed by Mittul Kalawadia and Mrinal Singh. Mr. Mittul Kalawadia has been managing this fund since Apr 2016. Total Schemes
managed by the Fund Manager is 8 (8 are jointly managed). Refer annexure from page no. 33 for performance of other schemes currently managed by Mittul
Kalawadia.
Mr. Mrinal Singh has been managing this fund since May 2011. Total Schemes managed by the Fund Manager is 15 (14 are jointly managed [Excludes FoF
Schemes]). Refer annexure from page no. 33 for performance of other schemes currently managed by Mrinal Singh.
3. Date of inception: 28-Oct-04.
Scheme
June 30,2017 : 89.19)
CAGR (%)
10.00
Nifty Free Float Midcap 100 Index (Benchmark)
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
71.37 54.70 29.85
Particulars
24.97 12496.85 17.68 16305.30 24.44 29879.40 18.84 89190.00
28.32 12832.35 16.89 15977.21 19.23 24116.20 17.31 75722.21
14.88 11487.92 7.74 12508.82 12.50 18035.77 14.04 52890.95
Company/Issuer Rating % to NAVCompany/Issuer Rating % to NAV

15
Fund Details
Style Box
Returns of ICICI Prudential Infrastructure Fund - Growth Option as on June 30, 2017 - (IPIF)
Fund Managers** :
Sankaran Naren
Ihab Dalwai
Indicative Investment Horizon:
5 years and above
Inception/Allotment date: 31-Aug-05
IPIF Growth Option : 48.47
IPIF Dividend Option : 14.92
IPIF Direct Plan Growth Option : 49.88
IPIF Direct Plan Dividend Option : 17.45
Options :
Growth & Dividend
facility available)
Subscription :
Min.Addl. Investment :
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP / SWP Option
Upto 1 Year from allotment - 1% of ap-
plicable NAV, more than 1 Year - Nil
##
SIP :
&&
SWP :
of Rs. 50/-
any.
##
&&
Rs. 1611.26 crores
Rs. 1605.29 crores
ICICI Prudential Infrastructure Fund
Entry load : Nil
• An equity fund that aims for growth by primarily investing in
securities of companies belonging to infrastructure and allied
sectors.
IPIF : 2.44% p. a.
IPIF Direct Plan : 1.42% p. a.
Banks 11.64%
State Bank Of India 2.56%
Cement 3.61%
JK Lakshmi Cement Ltd. 2.57%
Orient Cement Ltd. 1.04%
Construction 8.93%
KNR Constructions Ltd. 3.10%
Brigade Enterprises Ltd. 2.23%
ITD Cementation India Ltd. 1.93%
PNC Infratech Ltd. 1.25%
IRB Infrastructure Developers Ltd. 0.42%
• Ashoka Buildcon Ltd. 3.74%
Supreme Infrastructure India Ltd. 0.62%
Sadbhav Engineering Ltd. 0.48%
NCC Ltd. 0.48%
Gammon Infrastructure Projects Ltd. 0.35%
Finance 2.39%
IDFC Ltd. 1.33%
BSE Ltd. 1.06%
Gas 1.77%
Triveni Turbine Ltd. 1.31%
TD Power Systems Ltd. 0.79%
Thermax Ltd. 0.65%
Easun Reyrolle Ltd. 0.25%
WPIL Ltd. 0.79%
• Coal India Ltd. 3.49%
Gujarat Mineral Development Corporation Ltd. 1.63%
Oil 1.42%
Power 18.31%
• Tata Power Company Ltd. 4.44%
• Kalpataru Power Transmission Ltd. 4.23%
NTPC Ltd. 3.02%
CESC Ltd. 0.55%
Gujarat Industries Power Company Ltd. 0.45%
Ksk Energy Ventures Ltd. 0.18%
Telecom - Equipment & Accessories 1.34%
Astra Microwave Products Ltd. 1.34%
• Gujarat Pipavav Port Ltd. 3.96%
Interglobe Aviation Ltd. 1.88%
Company/Issuer % to % to NAV
NAV Derivatives
Company/Issuer % to % to NAV
NAV Derivatives
Notes:
1. Different plans shall have different expense structure. The performance details provided herein are of ICICI Prudential Infrastructure Fund.
2. The scheme is currently managed by Sankaran Naren and Ihab Dalwai. Mr. Sankaran Naren has been managing this fund since Dec 2015. Total Schemes
Naren.
3. Date of inception:31-Aug-05.
Scheme
June 30,2017 : 48.47)
CAGR (%)
10.00
Nifty Infrastructure Index (Benchmark)
Since inception
Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
CAGR (%) Current
Value of
Investment
of Rs. 10000
40.03 38.03 24.79
Particulars
21.08 12108.42 8.41 12745.20 14.33 19552.24 14.26 48470.00
12.50 11249.78 -1.72 9491.81 5.78 13251.17 5.28 18389.05
14.88 11487.92 7.74 12508.82 12.50 18035.77 12.41 39925.78

Icici pru fact sheet june

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