ICICI Pru Life Cycle Fund 2041 - Regular (G)

The Scheme proposes to invest across asset classes, in line with the asset allocation mentioned in the SID, with the aim of generating capital appreciation and income for investors in the long term. With this aim, the Fund Manager will allocate the assets of the Scheme in Equity and equity related instruments, Debt instruments and units of Gold ETFs/ETCDs/ units of Silver ETFs/ units of InvITs. The actual percentage of investment in the asset classes will be decided after considering the prevailing market conditions, the macroeconomic environment (including interest rates and inflation), the performance of the corporate sector, the equity markets and general liquidity and other considerations in the economy and markets. The Scheme shall follow an active investment strategy. Given the category characteristics, the exposure range towards Equity & Equity related instruments and Debt instruments shall change during the Life Cycle of the Scheme as per the stated Asset Allocation mentioned above to maintain portfolio liquidity. The Scheme proposes to concentrate on business and economic fundamentals driven by in-depth research techniques, employing strong stock selection. Stock-picking process proposed to be adopted is generally a "bottom-up" approach, seeking to identify companies with above average profitability supported by sustainable competitive advantages and also to use a "top-down" discipline for risk control by ensuring representation of companies from various industries. The Scheme may also take exposure to various derivatives during the life cycle of the Scheme as may be permitted by SEBI from time to time. The Scheme may take Equity Arbitrage exposure up to 50% in addition to the investment range specified for equity while ensuring that total investment in equity and equity related instruments remains within 65% to 75% in the scheme. The Scheme shall invest in Debt securities available across duration and credit. With the aim of controlling risks, rigorous in depth credit evaluation of the securities proposed to be invested in will be carried out by the AMC. The credit evaluation includes a study of the operating environment of the company, the past track record as well as the future prospects of the issuer, the short as well as longer term financial health of the issuer. The AMC may consider the ratings of such Rating Agencies as approved by SEBI to carry out the functioning of rating agencies. In addition, the investment team of the AMC will study the macro economic conditions, including the political, economic environment and factors affecting liquidity and interest rates. The AMC would use this analysis to attempt to predict the likely direction of interest rates and position the portfolio appropriately to take advantage of the same. The Schemes could invest in Fixed Income Securities issued by government, quasi government entities, corporate issuers, structured notes and multilateral agencies in line with the investment objectives of the Scheme and as permitted by SEBI from time to time. The scheme will also invest in the appropriate exchange traded commodity derivatives or units of gold ETFs and/or units of Silver ETFs in order to achieve the investment objective. The scheme may also invest in Units issued by REITs & InvITs after doing due research on the same. The scheme may also invest in preference shares. Further, the Scheme may invest in other schemes managed by the AMC or in the Schemes of any other Mutual Funds, provided it is in conformity with the prevailing Regulations. As per the Regulations, no investment management fees will be charged for such investments. The Scheme may use derivative instruments like Interest Rate Swaps, Interest Rate Futures, Forward Rate Agreements or other derivative 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. It may also invest in securitized debt.