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Wednesday, January 07, 2009

ICICI Prudential MF files another offer document with Sebi

Plans to launch ICICI Prudential Recovery Fund

Name of Fund: ICICI Prudential Recovery Fund.

Type of Scheme: It is an open ended Equity Scheme.

Investment Objective: To generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies and sectors, which are in the midst of an economic downtrend and are likely to participate in successive waves of economic recovery. The balance may be invested in debt securities and money market instruments as per the allocation pattern.

Investment Options: The Scheme will have two options, viz, Retail Option and Institutional Option I. The Retail Option will have Growth and Dividend with Dividend Payout and Dividend Reinvestment facilities available under dividend sub option. Institutional Option I will have Growth sub-option only.

Asset Allocation: The scheme will invest 70%-100% in the equity & equity related Securities $ #. It may invest upto 35% in the debt (including 50% in securitized debt) $.

$Including derivatives instruments to the extent of 75% of the Net Assets as permitted vide SEBI Circular no. DNPD/Cir 29/2005 dated 14 September 2005 and SEBI Circular No. DNPD/Cir-30/2006 dated 20 January 2006 and SEBI circular No DNPD/Cir-31/2006 dated 22 September 2006. The margin money requirement for the purpose of derivative exposure will be as per the SEBI Regulations.

# Including investment in ADR/GDR up to 50% of allocation to Equity & Equity related securities maximum to the extent permitted under SEBI Regulations.

*Stock lending upto 30% of the Net Asset of the Scheme.

NFO price: Rs 10 per unit

Entry Load: Retail Option: (a) For an Investment of less than Rs. 2 crore: 2.25% of the applicable NAV. (b) For an Investment of Rs. 2 crore and above: Nil.

Institutional Option I: Nil

Exit Load: Retail Option:

a) For investment of Rs. 2 crore and above: Nil b) For investment less than Rs. 2 crore and redeemed before 12 months from the date of allotment: 1% c) For investments of less than Rs. 2 crore and redeemed after 12 months from the date of allotment: Nil

Institutional Option I: Nil

Minimum Application Amount: Retail Option: Rs. 5000/- (plus in multiples of Re. 1 thereafter). Institutional Option I: Rs. 100,000/- (plus in multiples of Re.1 thereafter)

Minimum Targeted amount: During the New Fund Offer period of the Plans under the Scheme, each Plan seeks to raise a minimum subscription of Rs.5 crore.

Benchmark Index: BSE 100 Index

Fund Manager: Sanjay Parekh will manage the fund.

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