ICICI Pru Contra Fund - Regular (G)

The Scheme shall follow an active investment strategy. The Scheme is an open-ended Scheme that aims to provide long term capital appreciation by investing primarily in a portfolio of securities which follow contrarian investment strategy. At the time of investment, a contrarian investment strategy seeks to spot situations where the market`s prevailing sentiment has led to potential mispricing. These opportunities may emerge at the level of individual securities, sectors, themes, or broader market level. The Scheme shall follow top-down approach and/or bottom up approach. The Scheme may follow a diversified approach & have flexibility to invest across market capitalization. However, at times the Scheme may have higher concentration towards a particular market capitalization, sector or stocks. During various market cycles that may have bullish, bearish or neutral sentiments, the scheme may adopt various strategies that focuses on portfolio optimization and risk management. For purpose of risk management, the scheme may adopt various hedge and non-hedge derivative strategies. The Scheme may use derivative instruments like Stock / Index Futures or Options, or other instruments for the purpose of hedging, portfolio balancing and other purposes, as permitted under the Regulations. Hedging using Interest Rate Futures could be perfect or imperfect, subject to applicable regulations. Usage of derivatives may expose the Scheme to certain risks inherent to such derivatives. For complete details on erivative Strategies` kindly refer to SAI. The Scheme may also invest in overseas markets in equity & equity related instruments including Global Depository Receipts (GDRs), ADRs, foreign securities, bonds and mutual funds, and such other instruments as may be allowed under the Regulations from time to time. The Scheme shall also invest in IPOs, and other primary market offerings. The Scheme can also invest up to 20% of corpus in other equity & equity related instruments, money market instruments, other liquid instruments, units of debt oriented mutual fund schemes such as Overnight Funds, Liquid Fund and Money Market Funds, Gold and Silver ETFs, units issued by InVITs and other such instruments permitted by SEBI/ RBI Further, the Scheme may invest in other schemes managed by the AMC or in the schemes of any other Mutual Funds in terms of the prevailing Regulations. As per the Regulations, no investment management fees will be charged for such investments. The Scheme may also invest in Money Market Instruments and other liquid instruments such as cash, bank deposits with Scheduled Commercial Banks, Government Securities, Treasury bills, Repo on Government securities and any other instruments as specified or permitted by the Board/RBI from time to time. The Scheme may also take exposure to Units of debt Mutual Fund schemes such as Overnight Funds, Liquid Fund and Money Market Funds. The Scheme aims to identify money market securities which offer optimal level of yields/returns, considering risk-reward ratio. The AMC may consider the ratings of such Rating Agencies as approved by SEBI to carry out the functioning of rating agencies. Such investment shall be made subject to the guidelines which may be prescribed. The investment approach of portfolio of the Scheme shall be guided by various guidelines issued by SEBI, including portfolio overlap conditions prescribed by SEBI from time to time. For the present, the Scheme does not intend to enter into underwriting obligations. However, if the Scheme does enter into an underwriting agreement, it would do so after complying with the Regulations and with the prior approval of the Board of the AMC/Trustee.