MASTER MIND FINNASSET: ICICI Prudential Midcap Fund announces changes

Wednesday, September 26, 2012

ICICI Prudential Midcap Fund announces changes

With effect from 30 October 2012

ICICI Prudential Mutual Fund has announced following changes in ICICI Prudential Midcap Fund, with effect from 30 October 2012. The changes are:

Investment Objective: The primary investment objective of the scheme is to seek to generate capital appreciation by actively investing in diversified mid cap stocks. However, there is no assurance that the investment objective of the scheme will be realized.

Asset Allocation: The scheme will invest 65%-100% in equity and equity related securities of stocks with market capitalisation falling between the lowest market capitalisation stock and highest market capitalisation stock on CNX Midcap Index. 0-35% in equity and equity related securities of stocks forming part of S&P CNX Nifty Index and 0-35% in equity and equity related securities of stocks with market capitalisation falling between the lowest market capitalisation stock and highest market capitalisation stock on BSE Small Cap Index (derivatives up to 50% of the net assets. Investment in ADR/GDR up to 50% of the net assets). 0-35% in debt, cash & money market instruments (exposure to securitised debt up to 50% of debt portfolio).

Investment strategies: Extract of the investment strategy containing details of market capitalisation: the scheme will predominantly invest in companies with market capitalization falling between the lowest and the highest market capitalisation among the constituents of CNX Midcap Index. With a view to improve the overall liquidity, the scheme may also invest in stocks forming part of S&P CNX Nifty Index. Further, the scheme may also invest in small caps where there is a reasonable opportunity of long term capital appreciation within the overall asset allocation pattern indicated.

The existing investors under all the options of the scheme who do not consent to the above change, are entitled to exit the scheme anytime between 27 September 2012 to 29 October 2012 (both days inclusive) at applicable NAV without any exit load.

____________________________________________________________________________________________

Disclaimer - All investments in Mutual Funds and securities are subject to market risks and uncertainty of dividend distributions and the NAV of schemes may go up or down depending upon factors and forces affecting securities markets generally. The past performance of the schemes is not necessarily indicative of the future performance and may not necessarily provide a basis for comparison with other investments. Investors are advised to go through the respective offer documents before making any investment decisions. Prospective client(s) are advised to go through all comparable products in offer before taking any investment decisions. Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the fund will be achieved. Information gathered & material used in this document is believed to be from reliable sources. Decisions based on the information provided on this newsletter/document are for your own account and risk.

In the preparation of the material contained in this document, Varun Vaid has used information that is publicly available, including information developed in-house. Some of the material used in the document may have been obtained from members/persons other than the Varun Vaid and which may have been made available to Varun Vaid. Information gathered & material used in this document is believed to be from reliable sources. Varun Vaid however does not warrant the accuracy, reasonableness and/or completeness of any information. For data reference to any third party in this material no such party will assume any liability for the same. Varun Vaid does not in any way through this material solicit any offer for purchase, sale or any financial transaction/commodities/products of any financial instrument dealt in this material. All recipients of this material should before dealing and or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice.

Varun Vaid, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The recipient alone shall be fully responsible/are liable for any decision taken on the basis of this material. All recipients of this material should before dealing and/or transacting in any of the products referred to in this material make their own investigation, seek appropriate professional advice. The investments discussed in this material may not be suitable for all investors. Any person subscribing to or investigating in any product/financial instruments should do soon the basis of and after verifying the terms attached to such product/financial instrument. Financial products and instruments are subject to market risks and yields may fluctuate depending on various factors affecting capital/debt markets. Please note that past performance of the financial products and instruments does not necessarily indicate the future prospects and performance there of. Such past performance may or may not be sustained in future. Varun Vaid, including persons involved in the preparation or issuance of this material may; (a) from time to time, have long or short positions in, and buy or sell the securities mentioned herein or (b) be engaged in any other transaction involving such securities and earn brokerage or other compensation in the financial instruments/products/commodities discussed here in or act as advisor or lender / borrower in respect of such securities/financial instruments/products/commodities or have other potential conflict of interest with respect to any recommendation and related information and opinions. The said person may have acted upon and/or in a manner contradictory with the information contained here. No part of this material may be duplicated in whole or in part in any form and or redistributed without the prior written consent of Varun Vaid. This material is strictly confidential to the recipient and should not be reproduced or disseminated to anyone else.

Varun Vaid also does not take any responsibility for the contents of the advertisements published. Readers are advised to verify the contents on their own before acting there upon.