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From the Managing Director’s Desk

Nimesh Shah
Managing Director

At the outset, as we enter into the festive season, I            
extend my warm wishes to you and your family.        
 

our investment team . We look forward to partner with
The Indian market has rallied over the last few months you and create many such milestones together.
and has almost reached previous highs. Many investors
today are asking if it is the right time to invest in equity Going forward, the India growth story continues to
mutual funds. The answer is simple and there are stand strong on the premise of fundamental solidity
many reasons to it. It is always the right time to invest and multi decadal growth opportunity. We have always
as long as you know why you are investing, what you
       
wish to achieve with every one of your investments in with India’s long term growth where “time in the

      market” matters more than timing the market. Wealth
investment strategy. creation is an evolutionary and gradual process where
“discipline” matters – not “timing .
In case of equity investments, it is important to


             
 We at ICICI Prudential Asset Management Company
           Limited, have always focused on providing the right
                   
    
          and money with prudence. We will continue to engage
sound principles will eventually create wealth. Thus, the           
      
 and wealth creation through diligence driven investing.
        
   
   We look forward to your continuous support in all our
term perspective. Additionally there is a need to focus future endeavors.
on fundamentals of investing like SIP , Asset Allocation
      Happy Investing !
wealth creation.
Regards,
Taking you through some recent developments, it gives
me immense pleasure to inform you the ICICI Prudential
Infrastructure Fund has completed 5 years of facilitating Nimesh Shah
investors participation in India’s infrastructure growth Managing Director
The scale and position of the Infrastructure Fund has
The Market O v e r v i e w
Nilesh Shah
Deputy Managing Director

Equity Market Outlook


Global Economy <7  "     
   
   "'  
" 
         #$   %&   )   
   
 
 
          
    
               
   

         There is limited sense in deducing conclusions from the current levels of the markets. The
“d” that separates these economies from the developing world. For the developed world the “d”  :;;;;   
   3@;;; 3;;;; 

 
       d dips, d'  deleveraging. While these economies )  *
      
    
 
       
   
        J( 

       


 
     
 ( 
     asset allocation and systematic investment planning which is the key for wealth creation. We
              
             
 ( 

    


      )
     *   allocation in ICICI Prudential Dynamic Plan, ICICI Prudential Infrastructure Fund, ICICI Prudential
home sales in the US is indicative of a housing market that is far from recovering and one of Discovery Fund, ICICI Prudential Target Returns Fund (There is no guarantee or assurance of
     )
*         O"+"+"1  Q =Q "+"+"1  
 $)8>
  *    "" 
       
 V$  )  8 >  O Q Q   
            
  
             

"+"+"1  2"


1 V8
   
 (             2
       /          O
   
        "+"+"1  2"1:@V8"
2
    
&    
 
       "     /          O
+ -  
            
 
              " 
of the emerging markets the relevant “d%      decoupling. As economic Technicals (Data Source : Bloomberg)
  
/  
          
for emerging economies to decouple has returned to the fore. While the emerging markets
Investments by Jul - Sep Apr - June Valuation Ratios Jul - Sep Apr - Jun

            
Institutions in the cash 2010 2010 2010 2010
  
      + 
  
segment (Rs. Cr) P/E ratio- Sensex 23.8 21.09
markets are likely to remain open to them.
FIIs (Net Purchases / 58039 10971 P/E ratio- Nifty 25.46 22.25
Fundamentals Sales)
Price/Book Value Ratio- 3.79 3.38
-         0  
       ) 
 MFs (Net Purchases / -14810 -2917 Sensex
            
     Sales)
This is evident from the various macroeconomic indicators such as PMI, IIP and advance tax Price/Book Value Ratio- 3.82 3.78
Avg Daily Open Interest Nifty
' 
 -12"      34
  0 
(Rs. Cr)
""1   
 
          Dividend Yield-Sensex 1.05 1.18
in accordance with its earlier trend, Indian passenger car sales continued to make fresh highs. Index Futures 24420 17965
Dividend Yield-Nifty 1.03 0.93
The IIP with other data point is a mere reinforcement of the strength of the economy which is Stock Futures 45562 35257
 
  
 
)  
    ' Index Options 92836 67547 Indices % Qtr change % Otr change
"26  7 
            Movement September - 10 June- 10
for growth for the economy.
Stock Options 8164 6276
Sensex 13.38% 0.99%
Total 170982 127045
&             *    8  9 8  :;3; 
  Nifty 13.50% 1.21%
extremely strong underscoring the strength in aggregate domestic demand. The growth in tax Avg Daily Volumes BSE Mid Cap 13.08% 5.04%
       
   
 (Rs. Cr)
BSE Small Cap 12.95% 6.75%
) 
    *   
  
   Cash Segment BSE Realty 16.58% -2.34%
  )      *    <7=(8   BSE 4712 4161 BSE Metals 14.69% -18.19%
and likely achievement of disinvestment targets are expected to provide enough room to the
NSE 14146 13459 BSE Consumer 32.89% 12.20%
 
     
  /    

     Total 18858 17620 Durables
Derivative Segment BSE Capital Goods 8.74% 4.46%
"  
     
 '   
 
 >="    ?  > > @;   > NSE 102222 92412 Bankex 30.28% 1.06%
:@  

 ( 7      Total 102222 92412 BSE PSU 8.11% 5.20%
stance “close to normal”. BSE Auto 14.47% 8.50%
Avg Advance Decline
Market Sentiments Ratio BSE Oil & Gas -3.93% 7.04%
BSE Teck Index 13.36% -0.05%
$ 


    
           BSE 1.10 1.26
BSE Healthcare 4.30% 7.89%
           
    "  ) $ *       NSE 1.09 1.39
    :;;;;
 -  B;;;
) 
 BSE FMCG 15.15% 14.10%
       
  <:
  
   
21000
  
$ 761""112"       *' 
  20000
STRETCHED 19x plus
    
    
   

  19000 FAIR VALUE PLUS 16x - 18x
18000
     
  17000
16000 FAIR 13x - 15x
Outlook 15000
14000
&     
 
      E   13000
12000 ATTRACTIVE 11x - 12x
liquidity and at the same time have increased the role of the government in every sphere so that 11000 Valuation levels of the Sensex



 0  & 
 
    10000 based on earnings estimate of
9000 CHEAP 8x - 10x
    
+   
   
 8000 Rs. 1131 (4 Quarter Forward)
mode for some time to come. While the world is not falling over the cliff, neither is it growing
4-Aug-08
8-Sep-08

20-Jul-09
20-Aug-09
23-Sep-09
29-Oct-09
2-Dec-09
9-Feb-10
7-Jan-10
16-Mar-10
21-Apr-10
24-May-10
24-Jun-10
27-Jul-10
27-Aug-10
30-Sep-10
27-Jul-07
30-Aug-07
3-Oct-07
5-Nov-07
6-Dec-07
10-Jan-08
14-Feb-08
19-Mar-08
25-Apr-08
30-May-08

13-Oct-08
17-Nov-08
22-Dec-08
2-Jul-08

27-Jan-09
2-Mar-09
8-Apr-09
15-May-09
17-Jun-09

(Source: www.bseindia.com,
   )     " 
 )  internal estimates)
accompanied with strong fundamentals of the economy have resulted in the markets making a
<:
)  
         &
        "1&      

FAIR VALUE
       

     
  MARKET CHEAP ATTRACTIVE FAIR STRETCHED BUBBLE
PLUS
  
&   
 
 Over Invested Neutral + Neutral Neutral - Under Invested Exit
  "             )   EQUITY
ALLOCATION 70%-80% 55%-65% 50% 35%-45% 15%-25% 5%-10%
for Indian corporates is pretty attractive and has a domestic consumption driven growth rather
 *  "    "    
  Suggested Equity Allocation (Assuming 50% equity allocation as neutral)

3
The Market O v e r v i e w
Fixed Income Market Outlook
Impact on Interest Rates In the light of strong domestic growth, revival in global economy and inflation being
FACTORS Short Term Medium Term higher than the comfort zone, RBI went ahead & raised the Reverse Repo by 50
(1-3 Months) (3-6 Months) bps and Repo by 25 bps (source www.rbi.org.in) with immediate effect, thereby
further narrowing the LAF corridor. The RBI is likely to hike policy rates over next


 
quarter; however the same seems to be factored in the market. With over 60%
Under the new base, inflation pressure appears to be easing. With monsoon being (source www.rbi.org.in)of the estimated borrowing completed and at the same
normal, food inflation could potentially ease. In addition, a subdued global growth for time there being a decline in the government borrowing amount, the same is likely
the rest of the year could result in moderate energy and commodity price inflation.
to make the 2nd half relatively lighter from a supply perspective. That coupled with
A rising rupee could potentially act as a hedge against import cost which is one of
the current yield levels would see some support for the longer end.
the major contributors to inflation.
 

  In addition to the above, the recent development of the debt investment limit being
Liquidity conditions tightened during the month attributable to advance tax outflows. raised for foreign investors would add to the existing demand for Indian bonds as
Going forward liquidity conditions are expected to remain in the deficit as economy interest rates in developed world continue to be benign amidst weak economic
enters the busy second half of the year. recovery. The spread between the Indian treasury yield and the US treasury yield
 
 
 is at multi-year high even surpassing the highs seen in October 2008. High interest
rates in India would make the Indian markets attractive for overseas investors who
While credit growth has been tepid, demand for credit is likely to improve in the
could seek arbitrage opportunities. Keeping the above in mind, we continue to
coming months with the festive season approaching. In addition, the expected
expenditure in infrastructure is likely to contribute to the credit off-take. believe that there is merit in considering the following investment options;

 !"#$
 
   
    
       
   
As per the H2FY11 issuance calendar, the government will borrow Rs 163,000 Crs in monthly interval, Quarterly Interval Plan and Fixed Maturity Plan as and
in the October – March period which is slightly less than its budgeted target of Rs when available with a predefined time horizon.
173,000. The cut in the borrowing has been enabled by the higher than expected
   
    

   

revenues from 3G and BWA auctions as well as improved tax collection so far. On a
weekly basis the government is likely to auction Rs 11000 Cr worth of securities and rates.
the borrowing programme is expected to be completed by Feb 2011.           ! "  
%# &'*# +
 
  of view around 8% level of 10 Year Gsec Yield.
The rupee staged a sharp rally against the US Dollar during the month. The governments
move to relax FII investment limits in debt is likely to attract capital flows resulting in
an appreciating rupee.
! ,'

 
In its maiden mid – quarter review the RBI hiked repo rates by 25 bps to 6% and
reverse repo rates by 50 bps to 5% effectively narrowing the RBI corridor 100 bps
for increased monetary policy effectiveness.
+ 
 
 
Bond yields traded in a wide range and neared the psychological 8% mark in the first
half of the month. However market sentiments were boosted with the government
decision of trimming its borrowing calendar for the second half. At the same time
concerns over rising food inflation put a cap to bond prices.

 . * $' / * 0 / $ !0# 2 """4$4'42 """404#44 ,$ $ $'$  $'* $'5' $+ /'$  # 4 78 9 7:4 ,$
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4

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%
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4
ICICI Prudential Infrastructure Fund Thematic Fund encompassing Infrastructure B
ICICI Prudential Dynamic Plan +   &  Q 4
"+"+"1  Q =Q Concentrated Large Cap Fund 8
ICICI Prudential Tax Plan &Y$$ 9
ICICI Prudential Discovery Fund Value Style Investing Fund 3;
ICICI Prudential Power =Y ?2+  33
"+"+"1  &  Q Aggressive Flexicap Fund 3:
ICICI Prudential Emerging STAR (Stocks Targetted 2+ & Q 3<
At Returns) Fund
ICICI Prudential Indo Asia Equity Fund =" ?8   V  "   QOQ 3^
ICICI Prudential Target Returns Fund (Open Ended
Diversified Equity Fund. There is no guarantee or assurance of Y + & Q 8 8 )  3@
returns.)
ICICI Prudential Growth Plan Y + & Q 3B
ICICI Prudential Services Industries Fund $  "  & )
Q 34
"+"+"1  = ?Q  $  Q = ?Q  $  $ & Q 3_
ICICI Prudential Technology Fund )$ & Q 3`
ICICI Prudential FMCG Fund Q2+7$ & Q :;
ICICI Prudential Child Care Plan (Gift) +=& 1  :3
ICICI Prudential Index Fund Nifty Index Fund ::
ICICI Prudential Nifty Junior Index Fund Nifty Index Fund :<
SENSEX Prudential ICICI Exchange Traded Fund Exchange Traded Sensex Fund :^
ICICI Prudential Fusion Fund Closed Ended Flexicap Fund :@
ICICI Prudential Fusion Fund III Closed Ended Flexicap Fund :B
"+"+" 1   >"7) V>      ? Closed Ended ELSS :4
generation of healthy tax savings) Fund
"+"+"1  =1 z1 8 8  Q :_
"+"+"1  =1 z1 = &"
         :`
"+"+" 1    ? 6    Q (  &Q <;
&
  1 
"+"+"1  ?6   Q"
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&
  1 
"+"+"1  =  Q =  Q <:
ICICI Prudential Child Care Plan (Study) +=& 1  <<
"+"+"1  2"1:@ (An open ended Income fund. Monthly
income is not assured and is subject to the availability of distributable  Q
*

<;{ <^
surplus.)
ICICI Prudential Monthly Income Plan (An open ended
fund. Monthly income is not assured and is subject to the availability of  Q
*

3@{ <@
distributable surplus.)
ICICI Prudential Real Estate Securities Fund (A Close
Ended debt Fund. The scheme will not be directly owning or holding + 6 Q >     <B
real estate properties.)
ICICI Prudential Sweep Plan &YQ <4
ICICI Prudential Liquid Plan &YQ <_
"+"+"1  Q* "
1  Conservative Ultra Short Term Income Fund <`
ICICI Prudential Floating Rate Plan Ultra Short Term Income Fund ^;
"+"+"1  = ?1$|6  | $ )
"
Q 
  = ? ^3
1$|6 
ICICI Prudential Ultra Short Term Plan Aggressive Ultra Short Term Income Fund ^:
ICICI Prudential Medium Term Plan Medium Term Income Fund ^<
ICICI Prudential Long Term Floating Rate Plan Long Term Income Fund ^^
ICICI Prudential Short Term Plan Short Term Income Fund ^@
ICICI Prudential Long Term Plan Long Term Income Fund ^B
"+"+"1  "
&  Q 6
=Q ^4
ICICI Prudential Income Plan Long Term Income Fund ^_
ICICI Prudential Gilt Fund Treasury Plan Short Term Gilt Fund ^`
ICICI Prudential Gilt Fund Investment Plan Medium to Long Term Gilt Fund @;
"+"+"1  7Q)   1 1Q& Short Term Gilt Fund @3
"+"+"1  7Q" 
1 1Q& Medium to Long Term Gilt Fund @:
ICICI Prudential Fixed Maturity Plans Fixed Maturity Plans @<z@_
ICICI Prudential Interval Funds Interval Funds @`zB:
ICICI Prudential S.M.A.R.T. (Structured Methodology Structured Fixed Maturity Plans B<zB^
Aimed At Returns over Tenure) Funds
ICICI Prudential Advisor Series Fund of Funds B@
Annexures BBzB4
Dividend History for all Schemes B_z43
$  6  ?> Q  4:z4<

5
Wealth Creation
Oriented Solution
 , /$' % @HJ H? ?

 K
#  $ / /$ *#  / ' ' 
Open Ended Equity Fund / * #"*   / * /$' $'

#
#$. 
Past Performance is no guarantee of future results. Rating by Morningstar is for Dividend Option For detailed methodology, pls. refer page no. 73

Style Box
  *. /$' %> "* $ #Benchmark ,/
Company/Issuer V 
 V 

40 Derivatives
35
30 Auto N4U8 V
25 ~ Tata Motors Ltd :@<{
20 Banks W84WW V
15 ~ "+"+"= Y ^:4{
10 ~ $  +  = Y <:4{
79% 5
+  = Y :@<{
8* = Y :@:{
Aug-05

Aug-06

Aug-07

Aug-08

Aug-09

Sep-10
Dec-05

Dec-06

Dec-07

Dec-08

Dec-09
12%
Apr-06

Apr-07

Apr-08

Apr-09

Apr-10
"-7  = Y ;:3{
9% |= " Y ;3_{
Infrastructure Fund S&P CNX Nifty Market (Internal) Index
$ = " Y ;3<{
Past performance may or may not be sustained in future. Cement X48Y V
#
Benchmark is S&P CNX Nifty, @Market (Internal) Index is India Infrastructure Index. Kesoram Industries Ltd ;<_{
Benchmark Index rebased to the inception NAV of the scheme. Construction Projects N4XX V
,/' ' => "* ? Y ?) Y 3B@{
Nagarjuna Construction Company Ltd ;<@{
Fund Details 30.00% Energy W4WZ V
24.64% 25.93% SJVN Ltd 33`{
Fund Managers ** : 25.00% 19.65% 21.42%
18.61% 18.30% 20.01% Engineering Services X4NW V
Sankaran Naren 20.00% 14.88% 15.28%
Engineers India Ltd ;:3{
(Managing this fund since Oct., 2005 & over 15.00% 10.28% 12.14% 13.43% Ferrous Metals [4Z8 V
20 yrs of experience in fund management, 7.77%
10.00% ~ Tata Steel Ltd <;<{
equity research, operation etc.) 6.27%
5.00% 2.61% Steel Authority of India Ltd ::@{
Indicative Investment Horizon: 5 yrs
and more 0.00% Usha Martin Ltd 3B@{
Last Last Last Last Since Finance X4[7 V
Inception date: 31-08-2005 6 Months 1 Year 3 Years 5 Years Inception HDFC Ltd ;B4{
Average AUM: Rs. 3,718.76 crores Infrastructure Fund S&P CNX Nifty Market (Internal) Index 6Q+YzQ  z:;3{
NAV (As on 30-Sep-10): Industrial Capital Goods WX48X V
Growth option : Rs. 32.29 Past performance may or may not be sustained in future and the same may not necessarily ~ =     Y _;_{
Dividend option : Rs. 13.00 provide the basis for comparison with other investment. Peformance of dividend option Texmaco Ltd 3^3{
Institutional option-I : Rs. 17.46 would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year : ) ? Y ;_:{
Expense Ratio : CAGR. Benchmark is S&P CNX Nifty & @Market (Internal) Index is India Infrastructure Index.
For computation of returns the allotment NAV has been taken as Rs. 10.00. Industrial Products N4UZ V
Retail option : 1.83%
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 Sintex Industries Ltd 34`{
Institutional option-I : 1.00%
(please refer to page no. 73 for further Electrosteel Castings Ltd ;<4{
10.00% 6.83% 6.71% Kirloskar Engines India Ltd ;:B{
details) 8.00% 6.21%
Options : 6.00% Kirloskar Industries Ltd ;3_{
4.00%
 %$ $ [4WY V
Growth & Dividend 2.00%
Institutional (Growth & Dividend) & 0.00% ~ Sterlite Industries (India) Ltd @;^{
Institutional Option I (Growth) -2.00% Hindustan Zinc Ltd 33<{
-4.00% Oil WX4XU V
Default Option : Growth -6.00%
Application Amount : -8.00% ~ &?-  7 +
 Y B@^{
-10.00% -8.29% -8.34% -8.90% Cairn India Ltd 3`:{
Retail: Rs.5000 (plus in multiples of Re.1)
When the Benchmark is up When the Benchmark is down 8 &  Y 3<<{
Institutional: Rs.20 Crores,
Institutional I: Rs. 1 lac. Infrastructure Fund S&P CNX Nifty Market (Internal) Index &" Y ;:@{
Min.Addl. Investment : Petroleum Products WX4U: V
Retail & institutional I: Rs.1,000 (plus in Past performance may or may not be sustained in future. Since inception data. Benchmark ~ Reliance Industries Ltd 3;@^{
is S&P CNX Nifty & @Market (Internal) Index is India Infrastructure Index. For computation > "   YzQ  z3<B{
multiple of Re. 1/- of returns the allotment NAV has been taken as Rs. 10.00. Calculation of scheme &
Institutional: Rs. 500 and thereof benchmark returns (positive or negative) is based on the monthly returns from inception. Power W84:8 V
Exit load for Redemption / Switch Average of all positive and negative returns are taken in to account to calculate ‘When ~ National Thermal Power Corporation Ltd 4:4{
out :- Lumpsum & SIP / STP / SWP the Benchmark is up and When the Benchmark is down’ respectively. Kalpataru Power Transmission Ltd :;:{
Investment Option Tata Power Company Ltd 3B^{
Upto 1 Year from allotment - 1% of SIP Returns As on 30-Sep-10 PTC India Ltd 33^{
applicable NAV, more than 1 Year - Nil CESC Ltd 3;@{
Total Scheme Scheme Benchmark Benchmark
Min.Redemption Amt. : SIP Start 7ƒ1 ?"   Y ;<:{
Period Amount Market SIP Market SIP
Rs.500 Date Telecom Services WX4Y: V
Invested  Returns  Returns
SIP : 3} $"1 3z&z;` 3:;;; 3<@``_@ :@B<{ 3^3<4B` <^B<{ ~ = 8 Y 3;_^{
Monthly: Minimum Rs. 1,000/- plus 5 <} $"1 3z&z;4 <B;;; ^4<`B@4 3_43{ ^`_3@<@ :::_{ = 8 YzQ  z;_;{
post dated cheques for a minimum of @} $"1 3z&z;@ B;;;; `_3B^;^ 3`4_{ `3`4^B_ 3433{
Transportation N4W8 V
Rs. 1,000/- each; Quarterly: Minimum Containers Corporation of India Ltd 3;4{
Since
Rs. 5,000/- plus 4 post dated cheques of <3z8z;@ B:;;; 3;^B::;^ :;<^{ `4;;`_; 34<^{ Great Eastern Shipping Co. Ltd 3;B{
Inception
Rs. 5,000/- each. Short Term Debt and other current assets WW4WX V
SWP : Past performance may or may not be sustained in future. Assume Rs. 1000 
 $$$ WXX4XX V
Minimum of Rs.500 and multiples of invested every month. The 1 year, 3 years, 5 years and since inception ~ Top Ten Holdings
Re.1/- returns from SIP are computed on the assumption that SIP installments Derivatives are considered at exposure value.
STP : where received across the time periods from the start date of SIP. The
Minimum Amount Rs. 1,000/-; CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.
Maximum Period: 10 years :
Available.

Quantitative Indicators
Average P/E : 20.01 Average P/BV : 3.31 Average Dividend Yield : 1.15 Annual Portfolio Turnover Ratio : 1.08 times
Std Dev (Annualised) : 35.68% Sharpe Ratio : 0.21 Portfolio Beta : 0.98 R squared : 0.94
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
#Overall rating in large cap category on 3 & 5 year rating basis for period ended 30/09/10. 242 & 160 funds were considered for 3 & 5 years ratings respectively.
@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing a closer correlation to the envisaged portfolio
composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on
scheme performance. ** In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

6
Wealth Creation
Oriented Solution
ICICI Prudential Dynamic Plan @HJ H? ?

 K
  $ / /$ *#  /
?  $5 ^ % ' ' 0 ## '$*  ^ /

# $
#$.   $'* . 
Past Performance is no guarantee of future results. Rating by Morningstar is for Institutional-I Growth options. For detailed methodologies, pls. refer page no. 73

Award
  *. ' ,> "* $ #Benchmark ,/
Company/Issuer V  V 

120
 Derivatives
100 Auto N4U7 V
80 ~ 2  ?2  Y ::B{
60 2 $J" Y ;<3{
40 Banks WN4U7 V
20 ~ "+"+"= Y <<4{
1/ -  = Y ::<{

Sep-10
Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09
Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
$  +  = Y 3`@{
" = Y 3B:{
Category - Mixed Asset INR Flexible Dynamic Plan S&P CNX Nifty 8* = Y 3^B{
Q = Y ;4<{
Scheme awarded for its 3 and 5 years performance till |= " Y ;B_{
31-12-2009 out of 6 schemes Past performance may or may not be sustained in future.
Past Performance is no guarantee of future results. # "-7  = Y ;@<{
Benchmark is S&P CNX Nifty. Benchmark Index rebased to the inception NAV of the
For detailed methodology please refer page no. 73. scheme. Cement X4Z7 V
Style Box Grasim Industries Ltd ;^^{
,/' '= > "* ? Ultratech Cement Ltd ;<`{
& 1  ?"   Y ;3^{
40.00% 35.12% Communications Equipment ;@;{
78% 35.00% 29.43%   + ?6  
Y ;@;{
30.00% 26.26% $
 0$ W4YW V
25.00% 23.06%
17%
20.00% 14.88% 18.61% 18.30% Hindustan Unilever Ltd ;4;{
15.00% 13.90% 11.87% Shree Renuka Sugars Ltd ;@_{
5% 10.00% 6.27% = / /+ Y ;@<{
5.00% Energy X4[W V
0.00%
Last Last Last Last Since SJVN Ltd ;B3{
6 Months 1 Year 3 Years 5 Years Inception Ferrous Metals 84NW V
Fund Details Steel Authority of India Ltd 3^@{
Dynamic Plan S&P CNX Nifty JSW Steel Ltd 33@{
Fund Managers** :
=  $Y ;^`{
Sankaran Naren Past performance may or may not be sustained in future and the same may not necessarily Tata Steel Ltd ;33{
(Managing this fund since Sept., 2006 & provide the basis for comparison with other investment. Peformance of dividend option Finance X4:: V
over 20 yrs of experience in fund man- would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year
agement, equity research, operation etc.) Kalyani Investment Co Ltd ;^^{
: CAGR. Benchmark is S&P CNX Nifty. For computation of returns the allotment NAV has Industrial Capital Goods [4:W V
Indicative Investment Horizon: 3 yrs been taken as Rs. 10.00.
~ =     Y ^_:{
and more $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Texmaco Ltd 3@`{
Inception date: 31-10-2002  9  W4XZ V
10.00%
Average AUM: Rs. 2,603.59 crores 6.65% 6.36% Jagran Prakashan Ltd ;_;{
8.00%
Zee Entertainment Enterprises Ltd ;:_{
NAV (As on 30-Sep-10): 6.00%

 %$ $ N48: V
Growth option : Rs. 108.5082 4.00%
Sterlite Industries (India) Ltd 3`;{
Dividend option : Rs. 19.3940 2.00% Hindustan Zinc Ltd ;^^{
Institutional Option-I : Rs. 16.9619 0.00%
Oil 847X V
-2.00% ~ &?-  7 +
 Y :BB{
Expense Ratio :
-4.00% Cairn India Ltd ;B<{
Retail option : 1.86% -6.00%
Institutional option-I : 1.00% -5.84% &" Y ;^;{
-8.00% -6.95% Pesticides W48[ V
(please refer to page no. 73 for further When the Benchmark is up When the Benchmark is down
details) United Phosphorus Ltd 3<B{
Dynamic Plan S&P CNX Nifty Petroleum Products [487 V
Options :
Past performance may or may not be sustained in future. Since inception data. Benchmark is ~ Reliance Industries Ltd B<4{
Growth & Dividend & S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs. 10.00. Pharmaceuticals `:@{
Institutional Option I (Growth) Calculation of scheme & benchmark returns (positive or negative) is based on the monthly ~ Cadila Healthcare Ltd <^_{
Default Option : Growth returns from inception. Average of all positive and negative returns are taken in to account ~ "1+8Y    Y <^4{
to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. 6 > Y    Y :3_{
Application Amount :
SIP Returns As on 30-Sep-10 1 6  Y ;3:{
Rs.5,000 (plus in multiples of Re.1)
Power 84NN V
Institutional I : Rs. 1 Lac (plus in multiples Total Scheme Scheme =
 =

SIP Start Tata Power Company Ltd 3@^{
of Re.1) Period Amount Market SIP Market SIP
Date National Thermal Power Corporation Ltd 33;{
Invested Value Returns Value Returns
Min.Addl.Investment : NHPC Ltd ;@4{
3} $"1 3z&z;` 3:;;; 3^;@`4@ <<<:{ 3^3<4B` <^B<{
Rs.500 & in multiples thereof. /" Z47[ V
<} $"1 3z&z;4 <B;;; @<`^`;4 :_3<{ ^`_3@<@ :::_{
Institutional I : Rs. 10,000 ~ Infosys Technologies Ltd ^B:{
@} $"1 3z&z;@ B;;;; 3;:^4<@^ :3@@{ `3`4^B_ 3433{
Exit load for Redemption / Switch Since ~ & Q  $  $ Y :@^{
out :- Lumpsum & SIP / STP / SWP <3z&z;: `B;;; <<`3;@`` <;B;{ :<`3`@:3 ::3@{ Wipro Ltd :3`{
Inception
Investment Option Financial Technologies (India) Ltd ;^3{
Upto 1 Year from allotment - 1% of Past performance may or may not be sustained in future. Assume Rs. 1000 Telecom Services :47N V
applicable NAV, more than 1 Year - Nil invested every month. The 1 year, 3 years, 5 years and since inception ~ = 8 Y ^4:{
returns from SIP are computed on the assumption that SIP installments Transportation X4ZN V
Min.Redemption Amt. : where received across the time periods from the start date of SIP. The
CAGR is computed based on IRR since SIP installments are received at Containers Corporation of India Ltd ;`:{
Rs.500 & in multiples thereof different intervals across the SIP period. Index Futures/Options
SIP : -zQ  z_:`{
Monthly: Minimum Rs. 1,000/- plus 5 Short Term Debt and other current assets 8[4:7 V
post dated cheques for a minimum of 
 $$$ WXX4XX V
Rs. 1,000/- each; Quarterly: Minimum ~ Top Ten Holdings
Rs. 5,000/- plus 4 post dated cheques of Derivatives are considered at exposure value.
Rs. 5,000/- each.
Quantitative Indicators
SWP : Average P/E : 20.80 Average P/BV : 4.45 Average Dividend Yield : 1.00 Annual Portfolio Turnover Ratio : 1.71 times
Minimum of Rs.500 and multiples of
Re1/- Std Dev (Annualised) : 29.87% Sharpe Ratio : 0.32 Portfolio Beta : 0.81 R squared : 0.92

STP : Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past
Minimum Amount Rs. 1,000/-; one year (since inception for schemes that have not completed a year). The figures are not netted for derivative transactions.
Maximum Period: 10 years : Risk-free rate based on the last 91-day T-Bill cut-off of 6.2735%.
#
Available. Overall rating in large cap category on 3 & 5 year rating basis for period ended 30/09/10. 242 & 160 funds were considered for 3 & 5 years ratings
respectively.
$
ICICI Prudential Dynamic Plan - In Equity Diversified Category (190 schemes considered) for 3 and 5 years periods ending Sep 30, 2010
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

7
Wealth Creation
Oriented Solution
ICICI Prudential Focused Bluechip Equity Fund @HJ H? ?

 K
Aim to maximize long-term total return by investing in equity and equity related
Open Ended Equity Scheme $'$ / 0 NX #>' '$

Style Box
  *. %'$ !'* ^ %> "* $ #Benchmark ,/
Company/Issuer V  V 

18
 Derivatives
16
14
12 Auto WW4[U V
10
8 ~ 2  ?2  Y B@4{
6
4 ~ = / /8Y @;_{
100% 2
0% Banks N:4[N V
May-08

May-09

May-10
Mar-09

Mar-10
Nov-08

Nov-09
Jan-09

Jan-10
Sep-08

Sep-09

Sep-10
Jul-08

Jul-09

Jul-10
~ 1/ -  = Y _4`{
0%
~ = =  Y B^@{
Focused Bluechip Equity Fund S&P CNX Nifty
~ 8* = Y B3@{
Past performance may or may not be sustained in future.
#
Benchmark is S&P CNX Nifty. Benchmark Index rebased to the inception NAV of the "+"+"= Y <:^{
scheme.
,/' ' =>  "* ? Construction Projects 84:: V

35.00% Y ?) Y <^^{


Fund Details 29.41%
Fund Managers** : 30.00% 24.66% $
 0$ :4U[ V
Prashant Kothari 25.00%
18.38% 18.61% ITC Ltd ^@B{
(Managing this fund since inception & 20.00%
14.88%
over 6 yrs of experience as equity analyst 15.00% Finance N4[8 V
& fund manager) 10.00% 8.77%
Indicative Investment Horizon: 3 yrs 5.00% HDFC Ltd :B<{
and more 0.00% Industrial Capital Goods :4U: V
Inception date: 23-05-2008 Last Last Since
Average AUM: Rs. 1,530.80 crores 6 Months 1 Year Inception =     Y ^@^{
NAV (As on 30-Sep-10): Focused Bluechip Equity Fund S&P CNX Nifty

 %$ $ :47: V
Growth option : Rs. 16.81 Past performance may or may not be sustained in future and the same may not necessarily
Dividend option : Rs. 16.81 provide the basis for comparison with other investment. Peformance of dividend option ~ Hindustan Zinc Ltd ^4^{
Institutional Option -I : Rs. 17.18 would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year
: CAGR. Benchmark is S&P CNX Nfty. For computation of returns the allotment NAV has Oil U4UX V
Expense Ratio :
been taken as Rs. 10.00.
Retail option : 1.95% ~ &?-  7 +
 Y @@;{
Institutional option : 1.20% $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
, ?  ,? 74UX V
(please refer to page no. 73 for further
details) 10.00% 6.44% 6.73%
8.00% ~ Reliance Industries Ltd 4@;{
Options : 6.00%
Growth & Dividend & 4.00% Pharmaceuticals W4WU V
2.00%
Institutional Option I (Growth) 0.00% Cipla Ltd 33@{
Default Option : Growth -2.00%
-4.00%
Application Amount : -6.00% Power 84XY V
-8.00% -4.93%
Retail: Rs.5,000 (plus in multiples of Re.1) -10.00% -7.90% Tata Power Company Ltd <;_{
Institutional I : Rs. 10 Crores (plus in
multiples of Re.1) When the Benchmark is up When the Benchmark is down /" W:4:8 V
Min.Addl.Investment :
Focused Bluechip Equity Fund S&P CNX Nifty ~ Tata Consultancy Services Ltd 4:_{
Retail : Rs.1000/- (plus in multiples of Re.1/-)
Institutional Option I : Rs.10,000/- (plus in Past performance may or may not be sustained in future. Since inception data. Benchmark Wipro Ltd :`:{
multiples of Re.1/-) is S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs.10.00.
Exit load for Redemption / Switch Calculation of scheme & benchmark returns (positive or negative) is based on the monthly & Q  $  $ Y :B:{
out :- Lumpsum & SIP / STP / SWP returns from inception. Average of all positive and negative returns are taken in to account Infosys Technologies Ltd 3B3{
Investment Option to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively.
Upto 1 Year from allotment - 1% of Telecom Services U4X: V
applicable NAV, more than 1 Year - Nil SIP Returns As on 30-Sep-10
~ = 8 Y @;^{
Min.Redemption Amt. : Total Scheme Scheme =

Rs. 500 and in multiples of Re. 1 SIP Start =

Period Amount Market SIP Market Index Futures/Options
provided minimum balance should not Date SIP Returns
Invested Value Returns Value
fall below Rs.5000/-. -zQ  <4;{
3} $"1 3z&z;` 3:;;; 3^@^^;3 ^3@@{ 3^3<4B` <^B<{
SIP : Short Term Debt and other current assets 84:N V
Monthly: Minimum Rs. 1,000/- plus 5 Since
:<z2 z;_ :`;;; ^4:34<B ^^3B{ ^:;<;<< <:BB{
post dated cheques for a minimum of Inception 
 $$$ WXX4XX V
Rs. 1,000/- each; Quarterly: Minimum
Rs. 5,000/- plus 4 post dated cheques of ~ Top Ten Holdings
Past performance may or may not be sustained in future. Assume Rs. 1000
Rs. 5,000/- each. invested every month. The 1 year, 3 years, 5 years and since inception Derivatives are considered at exposure value.
Exit Load: returns from SIP are computed on the assumption that SIP installments
If the amount, sought to be redeemed or where received across the time periods from the start date of SIP. The
switched out, is invested for a period of CAGR is computed based on IRR since SIP installments are received at
upto one year – 1%; Else - Nil different intervals across the SIP period.
SWP :
Retail Option: Rs.500 and in multiples of
Re. 1/- provided minimum balance should
not fall below Rs.5000/-.
STP :
Minimum Amount Rs. 1,000/-; Quantitative Indicators
Maximum Period: 10 years : Average P/E : 22.00 Average P/BV : 5.49 Average Dividend Yield : 1.28 Annual Portfolio Turnover Ratio : 0.44 times
Available. Std Dev (Annualised) : 28.24% Sharpe Ratio : 0.68 Portfolio Beta : 0.80 R squared : 0.98

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

8
Tax Savings
Oriented Solution
ICICI Prudential Tax Plan @HJ H? ?

 K
  $ / /$ "* & 05$ # / ' '
?  ^ + # '*

# $
#$.   $'* . 
Past Performance is no guarantee of future results. Rating by Morningstar is for Dividend and Growth options. For detailed methodologies, pls. refer page no. 73

Award
  *. & ,> "* $ #Benchmark ,/
Company/Issuer V 

160 Auto U487 V
140
120 ` 2  ?2  Y <3<{
100 VST Tillers Tractors Ltd 33^{
80 2 $J" Y 33;{
60 Auto Ancillaries 84:X V
40 Motherson Sumi Systems Ltd 3_4{
20
( )$V" OY 3:;{
Rane Madras Ltd ;:4{

Sep-10
Aug-99

Aug-00

Aug-01

Aug-02

Aug-03

Aug-04

Aug-05

Aug-06

Aug-07

Aug-08

Aug-09
Seven Star Fund of the Year $
= Y Y ;;B{
ICRA Mutual Fund Awards 2010 Banks WX47[ V
Tax Plan S&P CNX Nifty
Category - Open Ended Equity - Tax Planning
` +  = Y <_4{
Scheme awarded for its 1 year performance "+"+"= Y :3:{
till 31-12-2009 out of 24 schemes $  +  = Y 3_:{
Past performance may or may not be sustained in future. "-7  = Y 3<4{
Past Performance is no guarantee of future results. #
For detailed methodology please refer page no. 73.
Benchmark is S&P CNX Nifty, Benchmark Index rebased to the inception NAV of the 8* = Y 3:<{
scheme. 1/ -  = Y ;<B{
Style Box
,/' ' => "* ? Cement W48[ V
& 1  ?"   Y 3<B{
40.00% 37.43% Construction W4[[ V
51%
61% 35.00% $"YV&z$   ?"   YO 3:`{
30.00% 18.61% 27.44% Mahindra Lifespace Developers Ltd ;<B{
12% 25.00% 14.88% 21.48% 18.30% $
 0$ X4UW V
20.00% 16.52% 16.50% 15.32% 14.44% Shree Renuka Sugars Ltd ;^;{
15.00% 13.25% 13.73% = / /+ Y ;33{
27% 10.00% 6.27% $5 X48Y V
5.00% 4.50% „=Q"   Y ;<_{
0.00% Energy X4[7 V
Last Last Last Last Since
1 Year 3 Years 5 Years Inception SJVN Ltd ;B4{
6 Months
Fund Details Ferrous Metals W4[Z V
Fund Managers** : Tax Plan S&P CNX Nifty Steel Authority of India Ltd 3<3{
Kalyani Steels Ltd ;<_{
Sankaran Naren Past performance may or may not be sustained in future and the same may not necessarily Fertilisers N48Y V
(Managing this fund since Oct., 2005 & provide the basis for comparison with other investment. Peformance of dividend option would Zuari Industries Ltd :<_{
over 20 yrs of experience in fund manage- be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year : CAGR. Finance 84U7 V
ment, equity research, operation etc.) Benchmark is S&P CNX Nifty & #Market (Internal) Index is 50% Nifty + 50% Nifty Midcap 50; Sundaram Finance Ltd ::<{
Start Date: 01-Jan-04. For computation of returns the allotment NAV has been taken Kalyani Investment Co Ltd ;4<{
Indicative Investment Horizon: 3 yrs as Rs. 10.00.
ƒ   =  " 
 Y ;B;{
and more $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 RPG Itochu Finance Ltd ;;3{
Inception date: 19-08-1999 Industrial Capital Goods [4[8 V
Average AUM: Rs. 1,296.50 crores 10.00% 7.86% 6.16% ` =     Y <_:{
8.00% Texmaco Ltd 3`:{
NAV (As on 30-Sep-10): 6.00% 4.30%
Growth option : Rs. 148.38 4.00% Numeric Power Systems Ltd ;_`{
2.00% Industrial Products U4:U V
Dividend option : Rs. 22.12 ƒ   =  Y :`3{
0.00%
Expense Ratio : 1.98% -2.00% Poleplex Corporation Ltd 3@<{
(please refer to page no. 73 for further -4.00% Kirloskar Pneumatic Company Ltd ;B<{
details) -6.00% -3.82% MM Forgings Ltd ;:4{
-8.00% -6.18% -6.27% +  + "   Y ;33{
Options :
Growth & Dividend When the Benchmark is up When the Benchmark is down  9  X4ZZ V
Jagran Prakashan Ltd ;``{
Default Option : Growth Tax Plan S&P CNX Nifty Market (Internal) Index
 %$ $ :478 V
Application Amount : ` Sterlite Industries (India) Ltd <@:{
Past performance may or may not be sustained in future. Since inception data. Benchmark Hindustan Zinc Ltd 3:3{
Rs.500 (plus in multiples of Re.1) is S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs. Oil :4:Y V
Min.Addl.Investment : 10.00. #Market (Internal) Index is 50% Nifty + 50% Nifty Midcap 50; Start Date: 01-Jan-04 ` &?-  7 +
 Y <^_{
Rs.500 & in multiples thereof Calculation of scheme & benchmark returns (positive or negative) is based on the monthly 8 &  Y 3;3{
returns from inception. Average of all positive and negative returns are taken in to account Pesticides X4:Y V
Exit load for Redemption / Switch to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. United Phosphorus Ltd ;^_{
out :- Lumpsum & SIP / STP / SWP Petroleum Products 847[ V
Investment Option SIP Returns As on 30-Sep-10
` Reliance Industries Ltd <4B{
Nil Total Scheme Scheme =
 =
 Pharmaceuticals WX4W8 V
SIP Start
Period Amount Market SIP Market SIP ` Cadila Healthcare Ltd ^^`{
Min.Redemption Amt. : Date
Invested Value Returns Value Returns Cipla Ltd :<3{
Rs.500 3} $"1 3z&z;` 3:;;; 3^@<;@: ^3<:{ 3^3<4B` <^B<{ FDC Ltd ::<{
SIP : <} $"1 3z&z;4 <B;;; @`3:4_< <@;@{ ^`_3@<@ :::_{ 6 > Y    Y 33;{
Monthly : Minimum of Rs.500 or @} $"1 3z&z;@ B;;;; 3;3__;3@ :3<3{ `3`4^B_ 3433{ Power [4XN V
multiples thereof & 5 post - dated Since ` Tata Power Company Ltd <3;{
3`z8z`` 3<^;;; 4`:@4@<; :`^@{ ^:_<_3`: 3`@;{ National Thermal Power Corporation Ltd :`:{
cheques for a minimum of Rs.500/- Inception
/" Y4N[ V
for a block of 5 months in advance ` Infosys Technologies Ltd @:<{
Past performance may or may not be sustained in future. Assume Rs. 1000
Quarterly : Minimum Rs. 5000 + 4 post - invested every month. The 1 year, 3 years, 5 years and since inception & Q  $  $ Y <;<{
dated cheques of Rs. 5000/- each. returns from SIP are computed on the assumption that SIP installments Telecom Services U4XN V
SWP : where received across the time periods from the start date of SIP. The ` = 8 Y @;:{
CAGR is computed based on IRR since SIP installments are received at '> ^ 9 ''$$$ N4XZ V
Not Available HCL Infosystems Ltd :;`{
different intervals across the SIP period.
STP : Textiles - Cotton X4NZ V
Minimum Amount Rs. 1,000/-; Precot Mills Ltd ;:`{
Maximum Period: 10 years : Short Term Debt and other current assets Z4ZW V

 $$$ WXX4XX V
Available.
` Top Ten Holdings

Quantitative Indicators
Average P/E : 19.77 Average P/BV : 4.14 Average Dividend Yield : 1.16 Annual Portfolio Turnover Ratio : 1.53 times
Std Dev (Annualised) : 37.03% Sharpe Ratio : 0.36 Portfolio Beta : 0.98 R squared : 0.88

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
#
Overall rating in ELSS category on 3,5 &10 year ratings basis for period ended 30/09/10. 50, 30 & 25 funds were considered for 3,5 & 10 years ratings respectively.
$ICICI Prudential Tax Plan - In Equity Tax Planning Category (28 schemes considered) for 3 and 5 years periods ending Sep 30, 2010
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing a closer correlation to the envisaged portfolio
composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on
scheme performance. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

9
Wealth Creation
Oriented Solution
ICICI Prudential Discovery Fund @HJ H? ?

 K
#  $ / /$ *#  /
?  $5 ^ % ' ' /"#  $ *$*

# $
#$.   $'* . 
Past Performance is no guarantee of future results. Rating by Morningstar is for Institutional I Growth Options. For detailed methodologies, pls. refer page no. 73

Award
  *. $' % "* ? $ #Benchmark ,/
Company/Issuer V 

60 Auto Ancillaries 74UW V
50 ~ 8
> / =   Y <B@{
=    "   Y 3<`{
40 Motherson Sumi Systems Ltd 3;4{
30 Everest Kanto Cylinder Ltd ;^3{
20 1 + = Y ;<_{
India Nippon Electricals Ltd ;:4{
10 Apollo Tyres Ltd ;:<{
Ceat Ltd ;3;{
Aug-04

Aug-05

Aug-06

Aug-07

Aug-08

Aug-09
Apr-05

Apr-06

Apr-07

Apr-08

Apr-09

Apr-10
Dec-04

Dec-05

Dec-06

Dec-07

Dec-08

Dec-09

Sep-10
Banks W84XZ V
Seven Star Fund of the Year ~ $  +  = Y ^@:{
ICRA Mutual Fund Awards 2010 ~ |= " Y <@<{
Discovery Fund S&P CNX Nifty Market (Internal) Index "-7  = Y 34_{
Category - Open Ended Equity - Diversified 1/ -  = Y 34:{
Defensive Past performance may or may not be sustained in future.@Benchmark is S&P CNX Nifty, Q = Y 3<<{
Scheme awarded for its 1 year performance @
Market (Internal) Index is India Value Index. Benchmark Index rebased to the inception 8  = Y ;:3{
till 31-12-2009 out of 24 schemes Cement [4[Z V
NAV of the scheme. ~ Rain Commodities Ltd <4<{
Past Performance is no guarantee of future results.
For detailed methodology please refer page no. 73. =  +  Y ;`_{
,/' ' => "* ? Grasim Industries Ltd ;_;{
Style Box & 1  ?"   Y ;4^{
18.61% Kesoram Industries Ltd ;^<{
45.00%
40.00% 38.18% 41.39% Construction X4WU V
35.00% =Yƒ  ?$ Y ;3@{
14.88% 30.50% $
 0$ U4W8 V
33% 30.00% 24.08% 18.30% 24.19%
25.00% 21.16% Shree Renuka Sugars Ltd :^_{
19.61% 20.90%
28% 20.00% 18.41% 6.27%
8J- " Y 3:<{
15.00% 14.37% = / /+ Y ;^<{
10.00% 8.96% )  7 =  YV)  ) O ;<^{
39% 5.00% VST Industries Ltd ;:^{
0.00% Eveready Industries Ltd ;:<{
Last Last Last Last Since =   "   Y ;3`{
6 Months 1 Year 3 Years 5 Years Inception Energy X4UN V
Fund Details SJVN Ltd ;@:{
Discovery Fund S&P CNX Nifty Market (Internal) Index Ferrous Metals N478 V
Fund Managers** : Steel Authority of India Ltd 344{
Past performance may or may not be sustained in future and the same may not necessarily Godawari Power And Ispat Ltd ;^<{
Sankaran Naren provide the basis for comparison with other investment. Peformance of dividend option Usha Martin Ltd ;<`{
(Managing this fund since Oct., 2005 would be Net of Dividend distribution tax, if any. The returns of one year are higher largely Kalyani Steels Ltd ;3^{
& over 20 yrs of experience in fund due to market recovery.*Returns < 1Year : Absolute, > 1Year : CAGR. Benchmark is S&P Fertilisers W4X7 V
management, equity research, operation CNX Nifty & @Market (Internal) Index is India Value Index. For computation of returns the Zuari Industries Ltd 3;:{
allotment NAV has been taken as Rs. 10.00. 7/ -
  Q J Y ;;^{
etc.) Finance X4[N V
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 Kalyani Investment Co Ltd ;<_{
Indicative Investment Horizon: 5 yrs Sundaram Finance Ltd ;:<{
and more 10.00% Gas X4YW V
8.00% 6.36% 6.04% 5.88% Indraprastha Gas Ltd ;_3{
Inception date: 16-08-2004 Industrial Capital Goods X48Y V
6.00%
Average AUM: Rs. 1,495.52 crores 4.00% Elecon Engneering Co Ltd ;<_{
2.00% Industrial Products N4UN V
NAV (As on 30-Sep-10): 0.00% Kirloskar Industries Ltd 3;4{
Growth option : Rs. 51.07 Kirloskar Ferrous Industries Ltd ;`B{
-2.00% MM Forgings Ltd ;^_{
Dividend option : Rs. 22.13 -4.00%
 %$ $ 84YY V
Institutional option-I : Rs. 22.69 -6.00% ~ Sterlite Industries (India) Ltd <__{
-8.00% -6.78% -7.67% Oil 8478 V
Expense Ratio : -10.00% -7.87% ~ &?-  7 +
 Y <4<{
Retail option : 1.95% When the Benchmark is up When the Benchmark is down Paper N4X7 V
=   "   Y 3:^{
Institutional option-I : 1.00%
Discovery Fund S&P CNX Nifty Market (Internal) Index Tamilnadu Newsprint And Paper Ltd ;_^{
(please refer to page no. 73 for further Pesticides :4XX V
details) Past performance may or may not be sustained in future. Since inception data. Benchmark United Phosphorus Ltd <::{
@
is S&P CNX Nifty & Market (Internal) Index is India Value Index. For computation of returns Rallis India Ltd ;4`{
Options : the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns Pharmaceuticals WX4X8 V
Growth, Dividend & (positive or negative) is based on the monthly returns from inception. Average of all positive ~ Cadila Healthcare Ltd <@`{
Institutional Option I (Growth) and negative returns are taken in to account to calculate ‘When the Benchmark is up and FDC Ltd :@`{
when the Benchmark is down’ respectively. Torrent Pharmaceuticals Ltd :^`{
Default Option : Growth "1+8Y    Y 3<B{
SIP Returns As on 30-Sep-10 Power U4[Z V
Application Amount : ~ CESC Ltd <<:{
Rs.5,000 (plus in multiples of Re.1) Total Scheme Scheme =
 =
 National Thermal Power Corporation Ltd 3B_{
SIP Start
Institutional I: Rs.1 lac Period Amount Market SIP Market SIP Kalpataru Power Transmission Ltd ;B`{
Date /" [4W7 V
Invested Value Returns Value Returns
Min.Addl.Investment : 3} $"1 3z&z;` 3:;;; 3^B<`;: ^<3_{ 3^3<4B` <^B<{ Eclerx Services Ltd ::_{
Rs.500 & in multiples thereof & Q  $  $ Y 3^_{
<} $"1 3z&z;4 <B;;; BB@4<;^ ^^<:{ ^`_3@<@ :::_{ Infotech Enterprises Ltd 3;^{
Institutional I: Rs.10,000 @} $"1 3z&z;@ B;;;; 33B`@`@: :4;B{ `3`4^B_ 3433{ HCL Technologies Ltd ;@B{
Exit load for Redemption / Switch Since Persistent Systems Ltd ;@3{
3Bz8z;^ 4^;;; 34<;<@33 :4^B{ 3<^43:4B 3`:4{ Mphasis Ltd ;<;{
out :- Lumpsum & SIP / STP / SWP Inception
Telecom Services [4XY V
Investment Option ~ = 8 Y B;_{
Upto 1 Year from allotment - 1% of Past performance may or may not be sustained in future. Assume Rs. 1000 '> ^ 9 ''$$$ W4UU V
applicable NAV, more than 1 Year - Nil invested every month. The 1 year, 3 years, 5 years and since inception HCL Infosystems Ltd 3@@{
returns from SIP are computed on the assumption that SIP installments Textiles - Cotton N4ZY V
Min.Redemption Amt. : Rs.500 where received across the time periods from the start date of SIP. The Vardhaman Textiles Ltd :`_{
CAGR is computed based on IRR since SIP installments are received at Transportation [4X[ V
SIP : different intervals across the SIP period. ~ Great Eastern Shipping Co. Ltd @^:{
Monthly: Minimum Rs. 1,000/- plus 5 Meractor Lines Ltd ;B^{
post dated cheques for a minimum of Short Term Debt and other current assets [4U8 V

 $$$ WXX4XX V
Rs. 1,000/- each; Quarterly: Minimum
~ Top Ten Holdings
Rs. 5,000/- plus 4 post dated cheques of
Rs. 5,000/- each.
SWP : Quantitative Indicators
Minimum of Rs.500 and multiples of Average P/E : 14.83 Average P/BV : 3.12 Average Dividend Yield : 1.49 Annual Portfolio Turnover Ratio : 0.86 times
Re.1/-
Std Dev (Annualised) : 39.01% Sharpe Ratio : 0.49 Portfolio Beta : 1.00 R squared : 0.82
STP :
Minimum Amount Rs. 1,000/-; Portfolio turnover has been computed as the ratio of the lower value of average purchase and average sales, to the average net assets in the past one year (since inception for schemes that have
Maximum Period: 10 years : not completed a year). The figures are not netted for derivative transactions.
Available. Risk-free rate based on the last 91-day T-Bill cut-off of 6.2735%.
#
Overall rating in Small/Midcap category on 3 & 5 years rating basis for period ended 30/09/10. 155 & 98 funds were considered for 3 & 5 years ratings respectively.
$
ICICI Prudential Discovery Fund - In Equity Diversified Category (190 schemes considered) for 3 and 5 years periods ending Sep 30, 2010
@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing a closer correlation to the envisaged portfolio
composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on
scheme performance. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

10
Wealth Creation
Oriented Solution
ICICI Prudential Power @HJ H? ?

 K
#  $ / /$ *#  /
?  $5 ^ % ' '   0 / #  ' /

#
#$. 
Past Performance is no guarantee of future results. Rating by Morningstar is for Dividend Option. For detailed methodology, pls. refer page no. 73

Style Box
  *. ," ,> "* $ #Benchmark ,/
Company/Issuer V  V 

140
 Derivatives
120
Auto 74Z: V
100
80 ~ Tata Motors Ltd ^33{
60 ~ 2 $J" Y <::{
40 2  ?2  Y ;B:{
77% 20 2  ?2  YzQ  ;^3{
Banks W747[ V
~ "+"+"= Y @_;{
Oct-94
Oct-95
Oct-96
Oct-97
Oct-98
Oct-99
Oct-00
Oct-01
Oct-02
Oct-03
Oct-04
Oct-05
Oct-06
Oct-07
Oct-08
Sep-10
15%
~ 6Q+= Y @@B{
8% 1/ -  = Y :`3{
Power S&P CNX Nifty 8* = Y 34:{
Diversified
Past performance may or may not be sustained in future. 8  = Y 3:4{
#
Benchmark is S&P CNX Nifty. Benchmark Index rebased to the inception NAV of the $  +  = Y ;@3{
scheme. Cement N4N8 V
=  +  Y ::<{
,/' ' => "* ? Construction Projects X4Y7 V
Y ?) Y ;_4{
Fund Details 30.00% 28.32% Y ?) YzQ  3@<{
Fund Managers** : 25.00% Consumer Durables W4N8 V
19.28%
Sanjay Parekh 20.00% 18.21% 18.61% 18.30% 16.89% =$ Y 3:<{
(Managing this fund since Dec, 2008 & 15.00% 14.88% $
 0$ U4UW V
10.03% ~ ITC Ltd ^;4{
overall 15 yrs of 10.00% 7.23% 6.27%
5.00% Marico Industries Ltd ;4B{
equity market experience)
0.00% Shree Renuka Sugars Ltd ;B`{
Indicative Investment Horizon: 5 yrs $5 W4XX V
Last Last Last Last Since
and more 6 Months 1 Year 3 Years 5 Years Inception „=Q"   Y 3;;{
Inception date: 01-10-1994 Engineering Services X4NX V
Power S&P CNX Nifty
Average AUM: Rs. 670.41 crores Engineers India Ltd ;:;{
NAV (As on 30-Sep-10): Ferrous Metals W4Y[ V
Past performance may or may not be sustained in future and the same may not neces-
Growth option : Rs. 121.69 sarily provide the basis for comparison with other investment. Peformance of dividend =  $Y 3_B{
Dividend option : Rs. 19.06 option would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > Finance WX4:7 V
Institutional option-I : Rs. 33.82 = 1Year : CAGR. Benchmark is S&P CNX Nifty. For computation of returns the allotment ~ HDFC Ltd B4:{
NAV has been taken as Rs. 10.00. Infrastructure Development Finance Co. Ltd ::@{
Expense Ratio : Kalyani Investment Co Ltd 3^`{
Retail option : 2.19% $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 Industrial Capital Goods 84YN V
Institutional option- I : 1.00% =     Y :;<{
10.00%
(please refer to page no. 73 for further 8.00% 6.82% 6.55% AIA Engineering Ltd 34`{
details) 6.00% Industrial Products N4XX V
Options : 4.00% Sintex Industries Ltd :;;{
Growth & Dividend & 2.00%
 %$ $ 8478 V
Institutional Option I (Growth) 0.00%
-2.00% ~ Sterlite Industries (India) Ltd <4<{
Default Option : Growth -4.00% Oil 84XX V
Application Amount : -6.00% -4.97% &?-  7 +
 Y :@3{
-8.00% -5.91% 8 &  Y ;^`{
Rs.5,000 (plus in multiples of Re.1)
Institutional I : Rs. 1 Lac (plus in multiples When the Benchmark is up When the Benchmark is down Petroleum Products [4ZY V
of Re.1) Power S&P CNX Nifty ~ Reliance Industries Ltd B`_{
Min.Addl.Investment : Pharmaceuticals 84ZY V
Rs.500 & in multiples thereof Past performance may or may not be sustained in future. Since inception data. Benchmark Cadila Healthcare Ltd 3B3{
Institutional I - Rs. 10,000. is S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs. 10.00 Shilpa Medicare Ltd 3@:{
Calculation of scheme & benchmark returns (positive or negative) is based on the monthly Torrent Pharmaceuticals Ltd ;_^{
Exit load for Redemption / Switch returns from inception. Average of all positive and negative returns are taken in to account
out :- Lumpsum & SIP / STP / SWP Power 847[ V
to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. Kalpataru Power Transmission Ltd 3B4{
Investment Option
Upto 1 Year from allotment - 1% of SIP Returns As on 30-Sep-10 National Thermal Power Corporation Ltd 3:`{
applicable NAV, more than 1 Year - Nil Total Scheme Scheme =

Tata Power Company Ltd ;_3{
SIP Start =
 Retailing X47U V
Min.Redemption Amt. : Period Amount Market SIP Market
Date SIP Returns
Rs.500 & in multiples thereof Invested Value Returns Value Pantaloon Retail (India) Ltd ;4@{
3} $"1 3z&z;` 3:;;; 3^@3;B` ^;`_{ 3^3<4B` <^B<{ 1  > V" OYzQ  z;<B{
SIP :
<} $"1 3z&z;4 <B;;; @<^3;`_ :4<`{ ^`_3@<@ :::_{ /" Z4Z: V
Monthly: Minimum Rs. 1,000/- plus 5
@} $"1 3z&z;@ B;;;; `@B;^^: 3_4;{ `3`4^B_ 3433{
post dated cheques for a minimum of ~ Infosys Technologies Ltd @;^{
Since
Rs. 1,000/- each; Quarterly: Minimum 3z&z`^ 3`:;;; 3@3:344@_ ::4B{ 44^:B:_` 3@4^{ "  ) YzQ  ::4{
Inception
Rs. 5,000/- plus 4 post dated cheques of Tata Consultancy Services Ltd :4B{
Rs. 5,000/- each. Past performance may or may not be sustained in future. Assume Rs. 1000 Financial Technologies (India) Ltd :3@{
SWP : invested every month. The 1 year, 3 years, 5 years and since inception
returns from SIP are computed on the assumption that SIP installments Telecom Services 847[ V
Minimum of Rs.500 and multiples of
Re1/- where received across the time periods from the start date of SIP. The ~ = 8 Y <4B{
CAGR is computed based on IRR since SIP installments are received at Short Term Debt and other current assets U48: V
STP : different intervals across the SIP period.
Minimum Amount Rs. 1,000/-; 
 $$$ WXX4XXV
Maximum Period: 10 years : ~ Top Ten Holdings
Available. Derivatives are considered at exposure value.

Quantitative Indicators
Average P/E : 23.78 Average P/BV : 4.87 Average Dividend Yield : 1.03 Annual Portfolio Turnover Ratio : 0.49 times
Std Dev (Annualised) : 33.24% Sharpe Ratio : 0.19 Portfolio Beta : 0.92 R squared : 0.96

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
#
Overall rating in large cap category on 3, 5 and 10 year rating basis for period ended 30/09/10. 242, 160 & 61 funds were considered for 3, 5 and 10 years ratings respectively.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

11
Wealth Creation
Oriented Solution
ICICI Prudential Equity Opportunities Fund @HJ H? ?

 K
Exploit the long-term investment potential
?> $5 ^ '*  $ 9 >' $#

Style Box
  *. ^ ?$ %> "* $ #Benchmark ,/
Company/Issuer V 
25

20 Auto Y4NW V
15 ~ Tata Motors Ltd @3@{
Style 2 $J" Y <;B{
10 Auto Ancillaries W4XY V
Value Blend Growth Size
Large 47% 5 =    "   Y 3;_{
Banks W84[[ V
Mid 23% ~ 1/ -  = Y ^4_{

Mar-09

Mar-10
Mar-07

Mar-08

Jun-10
Jun-07

Jun-08

Jun-09
Dec-07

Dec-08

Dec-09

Sep-10
Sep-07

Sep-08

Sep-09
~ "+"+"= Y ^^^{
Small 30% 8* = Y 3@@{
8  = Y 3:<{
Equity Opportunities Fund S&P CNX Nifty Market (Internal) Index |= " Y ;_<{
$  +  = Y ;_<{
Past performance may or may not be sustained in future. Cement :4Z[ V
#
Benchmark is S&P CNX Nifty, @Market (Internal) Index is Nifty Midcap 50. Benchmark ~ =  +  Y ^`B{
Index rebased to the inception NAV of the scheme. Construction W4XN V
,/' ' => "* ? ">+Y"   ?1 / Y 3;:{
Construction Projects X477 V
35.00% 32.24% Voltas Ltd ;44{
Fund Details $
 0$ :4W: V
30.00% 21.48% Kaveri Seed Company Ltd :_4{
Fund Managers** : 25.00% 18.61% Shree Renuka Sugars Ltd 3:4{
20.00% 14.88% 15.55% $5 W4XW V
Sanjay Parekh
(Managing this fund since Dec, 2008 & 15.00% 14.30% 13.25% 10.24%
14.43% „=Q"   Y 3;3{
6.27% Engineering Services X4:X V
overall 15 yrs of equity market experi- 10.00% Engineers India Ltd ;^;{
ence) 4.88% 4.50%
5.00% Ferrous Metals U48: V
0.00% ~ Usha Martin Ltd <^_{
Indicative Investment Horizon: 3 yrs JSW Steel Ltd 3_B{
and more Last Last Last Since
6 Months 1 Year 3 Years Inception Fertilisers W48W V
Inception date: 31-03-2007 Equity Opportunities Fund S&P CNX Nifty Coromandel Fertilisers Ltd 3<3{
Market (Internal) Index
Finance [4NY V
Average AUM: Rs. 490.05 crores Past performance may or may not be sustained in future and the same may not necessarily Kalyani Investment Co Ltd :BB{
provide the basis for comparison with other investment. Peformance of dividend option Infrastructure Development Finance Company Ltd :@_{
NAV (As on 30-Sep-10): would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year HDFC Ltd ;_@{
@
Growth option : Rs. 14.07 : CAGR. Benchmark is S&P CNX Nifty & Market (Internal) Index is Nifty Midcap 50. For RPG Itochu Finance Ltd ;3`{
Dividend option : Rs. 13.12 computation of returns the allotment NAV has been taken as Rs. 10.00. Industrial Capital Goods U4UZ V
Institutional Option -I : Rs. 14.07 $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 ~ AIA Engineering Ltd <3_{
8=7"  Y :^:{
Expense Ratio : Industrial Products Y4:: V
Retail option : 2.27% 15.00% Electrosteel Castings Ltd :`3{
6.61% 8.14% Sintex Industries Ltd :_^{
Institutional option : 1.22% 10.00% 6.89% Time Technoplast Ltd 3B@{
(please refer to page no. 73 for further 5.00% "&-* " Y 3;^{
details)
 %$ $ W4:N V
0.00%
Options : Sterlite Industries (India) Ltd 3^:{
-5.00% Oil 84N[ V
Retail Growth & Dividend Payout &
-10.00% &?-  7 +
 Y ::3{
Institutional Option (Growth & Dividend -8.20% -8.04% -9.52%
Payout) -15.00% 8 &  Y 3;@{
When the Benchmark is up When the Benchmark is down Petroleum Products 84UU V
Default Option : Retail Growth ~ Reliance Industries Ltd <@@{
Equity Opportunities Fund S&P CNX Nifty Market (Internal) Index Pharmaceuticals Z4[: V
Application Amount :
Retail: Rs.5,000 (plus in multiples of Re.1) ~ Cadila Healthcare Ltd <`;{
Past performance may or may not be sustained in future. Since inception data. Benchmark ~ Shilpa Medicare Ltd <4`{
Institutional : Rs. 5 Crores (plus in is S&P CNX Nifty & @Market (Internal) Index is Nifty Midcap 50. For computation of returns
multiples of Re.1) Torrent Pharmaceuticals Ltd 3@;{
the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark Lupin Ltd ;^@{
Min.Addl.Investment : returns (positive or negative) is based on the monthly returns from inception. Average of Power X4ZU V
Retail : Rs.1000/- (plus in multiples of all positive and negative returns are taken in to account to calculate ‘When the Benchmark
is up and When the Benchmark is down’ respectively. Kalpataru Power Transmission Ltd ;`@{
Re.1/-) /" Z4NU V
Institutional Option I : Rs.10,000/- (plus ~ Infosys Technologies Ltd <__{
in multiples of Re.1/-) SIP Returns As on 30-Sep-10
Mphasis Ltd :<4{
Exit load for Redemption / Switch Total Scheme Scheme =
 Tata Consultancy Services Ltd 3`4{
SIP Start =

out :- Lumpsum & SIP / STP / SWP Period Amount Market SIP Market "+
 $ V" OY 3;<{
Date SIP Returns
Investment Option Invested Value Returns Value Telecom Services N488 V
Upto 1 Year from allotment - 1% of 3} $"1 3z&z;` 3:;;; 3^:`3B3 <4:^{ 3^3<4B` <^B<{ = 8 Y :<<{
applicable NAV, more than 1 Year - Nil. <} $"1 3z&z;4 <B;;; @:B:@^< :B:`{ ^`_3@<@ :::_{ Transportation W4Y8 V
Min.Redemption Amt. : Since Arshiya International Ltd 3_<{
<3z2 z;4 ^<;;; B3_34:B :;4;{ B;3:<:^ 3`;@{ Short Term Debt and other current assets U4U7 V
Rs. 500 and in multiples of Re. 1 Inception

 $$$ WXX4XX V
SIP :
Retail Option : (Monthly) Minimum ~ ))
Rs.1,000 + 5 post - dated cheques for a Past performance may or may not be sustained in future. Assume Rs. 1000
minimum of Rs.1000 each invested every month. The 1 year, 3 years, 5 years and since inception
Quarterly : Minimum Rs. 5000 + 4 post returns from SIP are computed on the assumption that SIP installments
- dated cheques of Rs. 5000 each where received across the time periods from the start date of SIP. The
SWP : CAGR is computed based on IRR since SIP installments are received at
Minimum of Rs.500 and multiples of different intervals across the SIP period.
Re1/- provided minimum balance should
not fall below Rs.5000/-. Quantitative Indicators
STP : Average P/E : 22.32 Average P/BV : 3.96 Average Dividend Yield : 1.03 Annual Portfolio Turnover Ratio : 0.53 times
Minimum Amount Rs. 1,000/-;
Maximum Period: 10 years : Std Dev (Annualised) : 37.15% Sharpe Ratio : 0.15 Portfolio Beta : 1.00 R squared : 0.91
Available.
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided
as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance. **In addition to the fund manager
managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

12
Wealth Creation
Oriented Solution
 , ## 44 44 {'+$ #  $| %
@HJ H? ?

 K
?  $5 ^ % #  $ / /$ *#  /
' '   >' /

Style Box
  *. ## 44 4 %> "* $ #Benchmark ,/
Company/Issuer V 
60


50
Auto N4:X V
40 = / /8Y :^;{
30 Auto Ancillaries U477 V
20
~ Exide Industries Ltd :_B{
1 + = Y :<`{
10 Everest Kanto Cylinder Ltd ;@<{
28% Banks Z4Y7 V
Jun-05
~ = =  Y <;_{

Jun-06

Jun-07

Jun-08

Jun-09

Sep-10
Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
Feb-05

Feb-06

Feb-07

Feb-08

Feb-09

Feb-10
28% +  = Y :4B{
1/ -  = Y 3^<{
44% |= " Y 3<4{
Emerging S.T.A.R. Fund NIFTY Junior Index Market (Internal) Index 8  = Y 3:<{
Past performance may or may not be sustained in future. Cement U4Z8 V
#
Benchmark is Nifty junior Index, @Market (Internal) Index is Nifty Midcap 50. Index rebased + )* ?"   Y 3<<{
to the inception NAV of the scheme. & 1  ?"   Y 3:<{
Shree Cement Ltd 33`{
,/' '= > "* ?  "   Y 3;`{
=  +  Y 3;_{
Fund Details 45.00% 41.29% Chemicals X4Y[ V
40.00% Solar Explosives Ltd ;_B{
35.00% 34.45% 24.18%
Fund Managers** : Communications Equipment ;`;{
30.00% 24.91%   + ?6  
Y ;`;{
Munzal Shah 25.00% 16.81% 21.43%
20.00% 16.27% 18.86% 20.47% Construction U4NZ V
(Managing this fund since August 15.24% ~ Ahluwalia Contractors Ltd :4`{
15.00% 11.54% 11.75%
09 & overall 8 yrs of experience as 10.00% 8.59% 2=Y"    Y :33{
equity analyst & fund manager) 5.00% 2.89% 1.90% Gujarat Apollo Industries Ltd ;^;{
0.00% Construction Projects N4Z: V
Indicative Investment Horizon: 3 yrs Last Last Last Last Since
and more 1 Year 3 Years ~ Voltas Ltd :`^{
6 Months 5 Years Inception Consumer Durables X4[: V
Inception date: 28-10-2004 Emerging S.T.A.R. Fund Nifty Junior Index Market (Internal) Index =$ Y ;B^{
Average AUM: Rs. 457.84 crores $
 0$ :4Y8 V
Past performance may or may not be sustained in future and the same may not neces- = / /+ Y :^^{
NAV (As on 30-Sep-10): sarily provide the basis for comparison with other investment. Peformance of dividend Marico Industries Ltd :<`{
Growth option : Rs. 37.37 option would be Net of Dividend distribution tax, if any. The returns of one year are higher Ferrous Metals W4X8 V
Dividend option : Rs. 18.61 largely due to market recovery.*Returns < 1Year : Absolute, > 1Year : CAGR. Benchmark Usha Martin Ltd 3;<{
Institutional option-I : Rs. 15.24 is Nifty Junior Index & @Market (Internal) Index is Nifty Midcap 50. For computation of Fertilisers :4N[ V
returns the allotment NAV has been taken as Rs. 10.00. ~ Coromandel Fertilisers Ltd :``{
Expense Ratio : $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 7/ -
  Q J Y 3:4{
Retail option : 2.28% Finance W4UW V
Institutional option-I : 1.00% Kalyani Investment Co Ltd 3@3{
(please refer to page no. 73 for further 10.00% 7.13% 7.55% 7.54% Hotels W4XU V
details) Indian Hotels Company Ltd 3;@{
5.00% Industrial Capital Goods WN4N[ V
Options : 0.00% ~ TRF Ltd ^_:{
Growth, Dividend & =   Y :;^{
Institutional Option I (Growth) -5.00% Crompton Greaves Ltd 3_;{
AIA Engineering Ltd 3:@{
Default Option : Growth -10.00% -8.44% Texmaco Ltd 3:^{
-9.46% -9.97% ( $Y $ 
Y ;4B{
Application Amount : -15.00%
Petron Engineering Construction Ltd ;<B{
Rs.5,000 (plus in multiples of Re.1) When the Benchmark is up When the Benchmark is down Industrial Products WW4U: V
Institutional I : Rs. 1 Lac (plus in multiples Sintex Industries Ltd :<<{
Emerging S.T.A.R. Fund NIFTY Junior Index Market (Internal) Index
of Re.1)  " Y ::^{
Min.Addl.Investment : Past performance may or may not be sustained in future. Since inception data. Benchmark is +  
| Y 3BB{
Nifty Junior Index & @Market (Internal) Index is Nifty Midcap 50. For computation of returns Kirloskar Ferrous Industries Ltd 3<_{
Rs.500 & in multiples thereof Cummins India Ltd 3<;{
Institutional I: Rs.10,000 the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns
(positive or negative) is based on the monthly returns from inception. Average of all positive Kirloskar Engines India Ltd 3:^{
Exit load for Redemption / Switch and negative returns are taken in to account to calculate ‘When the Benchmark is up and ƒ   =  Y 3;:{
out :- Lumpsum & SIP / STP / SWP When the Benchmark is down’ respectively. Kirloskar Industries Ltd ;<4{
Pesticides N4N7 V
Investment Option Rallis India Ltd ::4{
Upto 1 Year from allotment - 1% of SIP Returns As on 30-Sep-10
Pharmaceuticals Z4U7 V
applicable NAV, more than 1 Year - Nil Total Scheme Scheme =
 ~ Lupin Ltd <<^{
SIP Start =

Period Amount Market SIP Market ~ "1+8Y    Y <;_{
Min.Redemption Amt. : Date SIP Returns
Invested Value Returns Value 6 > Y    Y ::<{
Rs.500 3} $"1 3z&z;` 3:;;; 3^@;B3B ^;`;{ 3^<_;_; <_4B{ Torrent Pharmaceuticals Ltd ;`3{
SIP : <} $"1 3z&z;4 <B;;; @@<3B:@ <;;;{ B;::_B^ <B^4{ Power N4:8 V
Monthly: Minimum Rs. 1,000/- plus 5 @} $"1 3z&z;@ B;;;; `:3@3:3 343`{ 3;4:BB<: :<^@{ Kalpataru Power Transmission Ltd :^<{
post dated cheques for a minimum of Since /" [4[8 V
:_z&z;^ 4:;;; 3:__B;<@ 3`:_{ 3^:``3@` ::4_{ ~ & Q  $  $ Y <^:{
Rs. 1,000/- each; Quarterly: Minimum Inception
~ Eclerx Services Ltd <34{
Rs. 5,000/- plus 4 post dated cheques of "+
 $ V" OY ;;@{
Rs. 5,000/- each. Past performance may or may not be sustained in future. Assume Rs. 1000
invested every month. The 1 year, 3 years, 5 years and since inception Telecommunications Equipment X4YN V
SWP : returns from SIP are computed on the assumption that SIP installments Vindhya Telelink Ltd ;_:{
where received across the time periods from the start date of SIP. The Transportation W47Z V
Minimum of Rs.500 and multiples of Great Eastern Shipping Co. Ltd 34`{
CAGR is computed based on IRR since SIP installments are received at
Re.1/- different intervals across the SIP period. Short Term Debt and other current assets U48Y V
STP : 
 $$$ WXX4XX V
Minimum Amount Rs. 1,000/-; ~ Top Ten Holdings
Maximum Period: 10 years :
Available. Quantitative Indicators
Average P/E : 18.49 Average P/BV : 5.10 Average Dividend Yield : 1.18 Annual Portfolio Turnover Ratio : 0.69 times
Std Dev (Annualised) : 42.54% Sharpe Ratio : 0.13 Portfolio Beta : 0.88 R squared : 0.90

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided
as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
** In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

13
Wealth Creation
Oriented Solution
ICICI Prudential Indo Asia Equity Fund @HJ H? ?

 K
# #  ' ' 0 $#  0
?  $5 ^ % /  9 $ ^$

Style Box
  *.  $ ^ %> "* $ #Benchmark ,/
Company/Issuer V 
12

10 Auto U48X V
8 2 $J" Y ::3{
6 2  ?2  Y :3:{
4 Tata Motors Ltd ;`4{
2 Banks W84WU V
~ 1/ -  = Y <`4{

Aug-08

Aug-09

Sep-10
Apr-08

Apr-09

Apr-10
Dec-07

Dec-08

Dec-09
Oct-07

Jun-08

Oct-08

Jun-09

Oct-09

Jun-10
Feb-08

Feb-09

Feb-10
~ "+"+"= Y <^3{
8* = Y :<B{
Indo Asia Equity Fund Benchmark "-7  = Y :3:{
= =  Y 3:`{
Past performance may or may not be sustained in future.
#
Benchmark is 65% of S&P CNX Nifty + 35% of MSCI Asia ex-Japan Index. Benchmark Construction Projects W4U7 V
Index rebased to the inception NAV of the scheme. Y ?) Y 3@4{
,/' ' => "* ? $
 0$ W4[8 V
Hindustan Unilever Ltd 3B<{
Fund Details 20.00% 18.82% Ferrous Metals N47[ V
18.00% 17.36%
Fund Managers : Tata Steel Ltd 3@;{
16.00% 12.81%
Sankaran Naren (India Portion) 14.00% 12.23% Steel Authority of India Ltd 3:B{
(Managing this fund since inception & 12.00% Finance 874XX V
10.00%
over 20 yrs of experience in fund manage- 8.00% ~ "&Q8  Q <:<:{
ment, equity research, operation etc.) 6.00%
4.00% 3.02% 2.60% ~ Sundaram Finance Ltd ^B_{
Rajat Chandak (Asia Portion)
2.00% Industrial Capital Goods U47X V
(Managing this fund since Aug 09 & 0.00%
experience of 1 yr as equity analyst) Last ~ =     Y @4;{
Last Since
Indicative Investment Horizon: 3 yrs 6 Months 1 Year Inception
 %$ $ :4WX V
and more Indo Asia Equity Fund Benchmark ~ Sterlite Industries (India) Ltd ^3;{
Inception date: 18-10-2007 Oil 84U7 V
Past performance may or may not be sustained in future and the same may not necessarily
Average AUM: Rs. 354.11 crores provide the basis for comparison with other investment. Peformance of dividend option &?-  7 +
 Y <:<{
NAV (As on 30-Sep-10): would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year Cairn India Ltd ;<^{
Growth option : Rs. 10.92 : CAGR. Benchmark is 65% of S&P CNX Nifty + 35% of MSCI Asia ex-Japan Index. For Petroleum Products :4U: V
Dividend option : Rs. 10.92 computation of returns the allotment NAV has been taken as Rs. 10.00.
~ Reliance Industries Ltd ^@^{
Institutional Growth Option : Rs. 10.92 $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Pharmaceuticals 84WX V
Expense Ratio :
10.00% Sun Pharmaceutical Industries Ltd <3;{
Retail option : 2.33% 6.41% 6.65%
Institutional option-I : 2.33% 8.00% Power 84ZZ V
6.00% ~ National Thermal Power Corporation Ltd <``{
(please refer to page no. 73 for further 4.00%
details) 2.00% /" U47N V
Options : 0.00% ~ & Q  $  $ Y <^<{
Growth & Dividend & -2.00%
-4.00% Infosys Technologies Ltd 3_4{
Institutional Option (Growth) -6.00% Wipro Ltd ;^:{
Default Option : Growth -8.00% -6.51% -6.94% Telecom Services [4WZ V
Application Amount : When the Benchmark is up When the Benchmark is down ~ = 8 Y @;B{
Retail option : Rs.5,000 (plus multiples
Indo Asia Equity Fund Benchmark Idea Cellular Ltd 33<{
of Re.1)
Institutional option : Rs.5 crores (plus in Other Current Assets W4[7 V
Past performance may or may not be sustained in future. Since inception data. Benchmark
multiples of Re.1) is 65% of S&P CNX Nifty + 35% of MSCI Asia ex-Japan Index. For computation of returns 
 $$$ WXX4XX V
Min.Addl.Investment : the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark
returns (positive or negative) is based on the monthly returns from inception. Average of ~ ))
Retail: Rs.1000/- (plus in multiples of
all positive and negative returns are taken in to account to calculate ‘When the Benchmark
Re.1/-) is up and When the Benchmark is down’ respectively.
Institutional: Rs.10,000/- (plus in
multiples of Re.1/-) SIP Returns As on 30-Sep-10
Exit load for Redemption / Switch
Total Scheme Scheme =

out :- Lumpsum & SIP / STP / SWP SIP Start =

Period Amount Market SIP Market
Investment Option Date SIP Returns
Invested Value Returns Value
Upto 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil 3} $"1 3z&z;` 3:;;; 3<_;;;_ :_`B{ 3<_;@;: :`;^{
Min.Redemption Amt. : Since
3_z&z;4 <@;;; ^_^<`;3 ::`B{ ^4:;B^^ :3;^{
Rs.500 and in multiples of Re.1, provided Inception
minimum balance should not fall below
Past performance may or may not be sustained in future. Assume Rs. 1000
Rs.5000 invested every month. The 1 year, 3 years, 5 years and since inception
SIP : returns from SIP are computed on the assumption that SIP installments
Monthly: Minimum Rs. 1,000/- plus 5 where received across the time periods from the start date of SIP. The
post dated cheques for a minimum of CAGR is computed based on IRR since SIP installments are received at
Rs. 1,000/- each; Quarterly: Minimum different intervals across the SIP period.
Rs. 5,000/- plus 4 post dated cheques of
Rs. 5,000/- each.
SWP :
Retail Option: Rs.500 and in multiples
of Re. 1/-
STP :
Minimum Amount Rs. 1,000/-; Quantitative Indicators
Maximum Period: 10 years : Average P/E : 21.13 Average P/BV : 4.46 Average Dividend Yield : 1.07 Annual Portfolio Turnover Ratio : 1.16 times
Available. Std Dev (Annualised) : 31.72% Sharpe Ratio : 0.06 Portfolio Beta : 1.00 R squared : 0.96

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

14
Wealth Creation
@HJ H? ?

 K Oriented Solution
ICICI Prudential Target Returns Fund  '*$ / $$ '
?  $5 ^ %4 * $  #  $$' / $4 and target based investment approach

Award
  *. #> "* $ #Benchmark ,/
Company/Issuer V 
 V 

16 Derivatives
14
12 Auto 74[Z V
10 ~ Tata Motors Ltd @3:{
8
6 2 $J" Y :@4{
4 Banks WU4YW V
2 ~ "+"+"= Y B:;{
~ 6Q+= Y @_;{
May-09

May-10
Nov-09

Mar-10
Aug-09

Aug-10
Jun-09

Jun-10
Jan-10
Dec-09
Sep-09

Sep-10
Apr-10
Oct-09

Feb-10
Jul-09

Jul-10
1/ -  = Y :3`{
1/ -  = YzQ  :^^{
Target Returns Fund BSE 100 8* = Y 3B<{
CNBC - TV 18 Past performance may or may not be sustained in future. Cement N4WZ V
CRISIL Mutual Fund Awards 2010 #
Benchmark is BSE 100. Benchmark Index rebased to the inception NAV of the scheme. Grasim Industries Ltd :3`{
Category - Most Innovative Fund of the Year Construction Projects :4WY V
13 schemes/themes launced in 2009 across ,/' ' => "* ?
categories were nominaed by AMCs. ~ Y ?) Y ^3_{
Past Performance is no guarantee of future results. 40.00% $
 0$ 84YN V
For detailed methodology please refer page no. 73. 35.13%
35.00% 30.31% ITC Ltd <_:{
Style Box 30.00% 26.41% Engineering Services X48Y V
25.00% Engineers India Ltd ;<_{
20.00% 17.77% 19.00%
14.27% Ferrous Metals 84[: V
15.00%
10.00% =  $Y :B_{
5.00% Welspun Gujarat Stahl Rohren Ltd ;`B{
Style
Value Blend Growth Size 0.00% Finance WW4U: V
Last Last Since ~ HDFC Ltd _B@{
Large 90% 6 Months 1 Year Inception
6Q+YzQ  z:B:{
Target Returns Fund BSE 100
9% Infrastructure Development Finance :_`{
Past performance may or may not be sustained in future and the Company Ltd
same may not necessarily provide the basis for comparison with Industrial Capital Goods :4Y[ V
Small 1%
other investment. Peformance of dividend option would be Net of
Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < ~ =     Y ^_B{
1 Year are Absolute. Benchmark is BSE 100. For computation of
 %$ $ :4W7 V
returns the allotment NAV has been taken as Rs. 10.00. ~ Sterlite Industries (India) Ltd ^34{
Oil N4UW V
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
&?-  7 +
 Y :@3{
6.00% Petroleum Products U4ZZ V
Fund Details 4.34% 4.13%
4.00% ~ Reliance Industries Ltd @``{
Fund Managers** :
2.00% Pharmaceuticals :4Z7 V
Sanjay Parekh,
(Managing this fund since Inception & 0.00% Cipla Ltd <^@{
overall 15 yrs of equity market experience) -2.00% Torrent Pharmaceuticals Ltd 3@:{
Indicative Investment Horizon: -4.00% Power :4ZW V
Target based investment approach with -6.00% -4.64% -5.31% National Thermal Power Corporation Ltd <B;{
return targets of 12%, 20%, 50% and 100% When the Benchmark is up When the Benchmark is down Kalpataru Power Transmission Ltd 3<3{
Inception date: 28-05-2009 /" WW4X8 V
Target Returns Fund - Retail - Growth BSE 100
Average AUM: Rs. 327.27 crores ~ Infosys Technologies Ltd B_4{
NAV (As on 30-Sep-10): Past performance may or may not be sustained in future. Since inception data. Benchmark Tata Consultancy Services Ltd :^_{
Growth option: Rs. 14.98 is BSE 100. For computation of returns the allotment NAV has been taken as Rs. 10.00. Financial Technologies (India) Ltd 3B_{
Dividend option: Rs. 14.98 Calculation of scheme & benchmark returns (positive or negative) is based on the monthly Telecom Services U4U[ V
Expense Ratio : 2.34% returns from inception. Average of all positive and negative returns are taken in to account
to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. ~ = 8 Y @@B{
(please refer to page no. 73 for further
details) Short Term Debt and other current assets [4Z8 V
Options : 
 $$$ WXX4XXV
Growth, Dividend & ~ Top Ten Holdings
Institutional Option I (Growth)
Derivatives are considered at exposure value.
Default Option : Growth
Application Amount :
Rs.5,000 (plus in multiples of Re.1)
Institutional I: Rs.1 lac
Min.Addl.Investment :
Rs.1000 plus in multiples of Re.1
Exit load for Redemption / Switch
out :- Lumpsum & SIP / STP / SWP
Investment Option
Upto 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil
Min.Redemption Amt. :
Rs.500 and multiples of Re.1 thereof
SIP :
Not available
SWP :
Not available
STP : Quantitative Indicators
Not available
Average P/E : 25.02 Average P/BV : 4.98 Average Dividend Yield : 0.96 Annual Portfolio Turnover Ratio : 0.49 times
Std Dev (Annualised) : 16.22% Sharpe Ratio : 1.58 Portfolio Beta : 0.93 R squared : 0.98

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

15
Wealth Creation
Oriented Solution
ICICI Prudential Growth Plan @HJ H? ?

 K
#  $ / /$ # / ' '
?  $5 ^ %

#
#$. 
Past Performance is no guarantee of future results. Rating by Morningstar is for Growth Option. For detailed methodology, pls. refer page no. 73

Style Box
  *. "* ,> "* $ #Benchmark ,/
Company/Issuer V 
 V 

160 Derivatives
140
120 Auto 848[ V
100 2  ?2  Y 3_4{
80 2 $J" Y ;`;{
60
40 = / /8Y ;@`{
20 Banks WZ4WN V
99%
~ "+"+"= Y B4`{
Jul-98

Jul-99

Jul-00

Jul-01

Jul-02

Jul-03

Jul-04

Jul-05

Jul-06

Jul-07

Jul-08

Jul-09

Sep-10
1% ~ 1/ -  = Y @^`{
Growth Plan S&P CNX Nifty ~ 8* = Y ^B`{
0%
$  +  = Y :3B{
Past performance may or may not be sustained in future. Cement N4NZ V
#
Benchmark is S&P CNX Nifty. Benchmark Index rebased to the inception NAV of the
scheme. Grasim Industries Ltd ::`{
Construction Projects 84Z7 V
,/' ' => "* ? ~ Y ?) Y <`4{
$
 0$ 848[ V
Fund Details 30.00% Hindustan Unilever Ltd <<B{
25.00% 24.11% Energy X478 V
Fund Managers** : 20.79%
20.00% 14.88% 18.61% 19.02% 18.30% SJVN Ltd ;4<{
16.19%
Sankaran Naren 15.00% 12.45% Ferrous Metals U4:Y V
(Managing this fund since August 09 10.00% 6.58% 6.27% Tata Steel Ltd <<B{
& over 20 yrs of experience in fund 5.00% Steel Authority of India Ltd :3:{
management, equity research, 0.00%
operation etc.) Industrial Capital Goods U4ZU V
Last Last Last Last Since
1 Year 3 Years 5 Years Inception ~ =     Y @`@{
6 Months
Indicative Investment Horizon: 5 yrs
 %$ $ 84UW V
and more Growth Plan S&P CNX Nifty
Sterlite Industries (India) Ltd <@3{
Inception date: 09-07-1998 Oil 84Z: V
Past performance may or may not be sustained in future and the same may not necessarily
Average AUM: Rs. 376.29 crores provide the basis for comparison with other investment. Peformance of dividend option ~ &?-  7 +
 Y <B:{
would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > 1Year : Cairn India Ltd ;<3{
NAV (As on 30-Sep-10): CAGR. Benchmark is S&P CNX Nifty. For computation of returns the allotment NAV has
been taken as Rs. 10.00. Petroleum Products WX4WZ V
Growth option : Rs. 140.59 ~ Reliance Industries Ltd 3;3`{
Dividend option : Rs. 19.04 $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Institutional option-I : Rs. 19.76 > "   YzQ  z3:_{
10.00% Pharmaceuticals @^;{
7.14%
Expense Ratio : 8.00% 6.48% 6 > Y    Y :4`{
Retail option : 2.32% 6.00% Sun Pharmaceutical Industries Ltd :B3{
Institutional option-I : 1.00% 4.00%
2.00% Power [48X V
(please refer to page no. 73 for further
0.00% Tata Power Company Ltd <@;{
details)
-2.00% National Thermal Power Corporation Ltd :_;{
Options : -4.00% /" WN48N V
Growth & Dividend & -6.00% ~ Infosys Technologies Ltd 4;`{
-5.68% -6.19%
Institutional Option I (Growth option). -8.00% ~ Tata Consultancy Services Ltd ^;^{
When the Benchmark is up When the Benchmark is down
Default Option : Growth Wipro Ltd 33`{
Growth Plan S&P CNX Nifty Telecom Services U4[7 V
Application Amount : Past performance may or may not be sustained in future. Since inception data. Benchmark is ~ = 8 Y @B4{
Rs.5,000 (plus in multiples of Re.1) S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs. 10.00.
Calculation of scheme & benchmark returns (positive or negative) is based on the monthly Short Term Debt and other current assets Z4[Y V
Institutional I : Rs. 1Lac returns from inception. Average of all positive and negative returns are taken in to account 
 $$$ WXX4XXV
Min.Addl.Investment : to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively.
~ Top Ten Holdings
Rs.500 & in multiples thereof. SIP Returns As on 30-Sep-10 Derivatives are considered at exposure value.
Institutional I : Rs. 10,000. Total Scheme Scheme =

SIP Start =

Exit load for Redemption / Switch Period Amount Market SIP Market
Date SIP Returns
Invested Value Returns Value
out :- Lumpsum & SIP / STP / SWP
3} $"1 3z&z;` 3:;;; 3<`^_<B <3^^{ 3^3<4B` <^B<{
Investment Option <} $"1 3z&z;4 <B;;; @;3^^:@ ::4B{ ^`_3@<@ :::_{
Nil @} $"1 3z&z;@ B;;;; `:3;`_B 3434{ `3`4^B_ 3433{
Since
Min.Redemption Amt. : `z„z`_ 3^4;;; B`3:33;_ :<:<{ @3:;4<B: 3__`{
Inception
Rs.500
SIP : Past performance may or may not be sustained in future. Assume Rs. 1000
invested every month. The 1 year, 3 years, 5 years and since inception
Monthly: Minimum Rs.1,000 + 5 returns from SIP are computed on the assumption that SIP installments
post - dated cheques for a minimum of where received across the time periods from the start date of SIP. The
Rs.1000 each CAGR is computed based on IRR since SIP installments are received at
Quarterly : Minimum Rs. 5000 + 4 post different intervals across the SIP period.
- dated cheques of Rs. 5000 each
SWP :
Minimum of Rs.500 and multiples of
Re1/-
STP : Quantitative Indicators
Minimum Amount Rs. 1,000/-; Average P/E : 23.07 Average P/BV : 5.28 Average Dividend Yield : 1.18 Annual Portfolio Turnover Ratio : 1.77 times
Maximum Period: 10 years : Std Dev (Annualised) : 29.45% Sharpe Ratio : 0.15 Portfolio Beta : 0.83 R squared : 0.98
Available.
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
#
Overall rating in large cap category on 3, 5 and 10 years rating basis for period ended 30/09/10. 242, 160 & 61 funds were considered for 3, 5 and 10 years ratings respectively.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

16
Wealth Creation
Oriented Solution
ICICI Prudential Services Industries Fund @HJ H? ?

 K
#  $ / /$ / ' ' 
Open Ended Equity Fund / * #"*  / * $' $$ $'

Style Box
  *. '$ $$ %> "* $ #Benchmark ,/
Company/Issuer V 
 V 

30 Derivatives
25
Auto Ancillaries W4Y7 V
20
15 ( )$V" OY 3_4{
10 Banks N:4U[ V
69% 5 ~ 6Q+= Y 4;B{
~ 1/ -  = Y @:^{
Mar-06

Mar-07

Mar-08

Mar-09

Mar-10
Nov-05

Nov-06

Nov-07

Nov-08

Nov-09

Sep-10
20% Jul-06

Jul-07

Jul-08

Jul-09
~ "+"+"= Y <`3{
11%
Services Industries Fund S&P CNX Nifty Market (Internal) Index $ = " Y <34{
8* = Y :^^{
Past performance may or may not be sustained in future.
#
Benchmark is S&P CNX Nifty, @Market (Internal) Index is India Service Index. Benchmark |= " Y 3^;{
Index rebased to the inception NAV of the scheme.
$  +  = Y 3<@{
,/' ' => "* ? Cement [4N8 V

Fund Details 30.00% 24.92% ~ Jai Prakash Associates Ltd B:<{


23.09%
Fund Managers ** : 25.00% 18.61% Communications Equipment W4:8 V
Sanjay Parekh 20.00% 14.88% 18.51%
16.32%   + ?6  
Y 3^<{
(Managing this fund since August 09 & 14.75% 15.61% 13.88%
15.00% Engineering Services W47U V
overall 15 yrs of equity market experience) 6.27%
10.00%
4.99% Engineers India Ltd 34@{
Indicative Investment Horizon: 5 yrs 5.00%
and more 0.00% Finance Z4W: V
0.00%
Inception date: 30-11-2005 Last Last Last Since ~ HDFC Ltd BBB{
6 Months 1 Year 3 Years Inception
Average AUM: Rs. 295.64 crores 6Q+YzQ  z3;:{
NAV (As on 30-Sep-10): Services Industries Fund S&P CNX Nifty Market (Internal) Index
Infrastructure Development Finance :^_{
Growth option : Rs. 18.75 Past performance may or may not be sustained in future and the same may not necessarily Company Ltd
Dividend option : Rs. 14.10 provide the basis for comparison with other investment. Peformance of dividend option
would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1 Year Industrial Capital Goods 84UU V
Expense Ratio : 2.34% are Absolute. Benchmark is S&P CNX Nifty & @Market (Internal) Index is India Service Index.
(please refer to page no. 73 for further For computation of returns the allotment NAV has been taken as Rs. 10.00 ) ? Y 3B`{
details) TRF Ltd 33;{
Options : $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
( $Y $ 
Y ;4@{
Growth & Dividend
10.00% Industrial Products N47Y V
Default Option : Growth 8.00% 5.73% 6.01% 6.23%
Application Amount : 6.00% Sintex Industries Ltd :4_{
4.00%
Rs.5,000 (plus in multiples of Re.1) 2.00%  9  N4N[ V
0.00%
Min.Addl.Investment : -2.00% Jagran Prakashan Ltd ::B{
Rs.500 & in multiples thereof -4.00%
-6.00% Oil W4[7 V
Exit load for Redemption / Switch -8.00%
-10.00% -8.31%
out :- Lumpsum & SIP / STP / SWP -12.00% -8.64% -9.15% 8 &  Y 3B4{
Investment Option When the Benchmark is up When the Benchmark is down Pesticides N4:N V
Upto 1 Year from allotment - 1% of United Phosphorus Ltd :^:{
Services Industries Fund S&P CNX Nifty Market (Internal) Index
applicable NAV, more than 1 Year - Nil
Min.Redemption Amt. : Past performance may or may not be sustained in future. Since inception data. Benchmark Pharmaceuticals X4ZZ V
Rs.500 is S&P CNX Nifty & @Market (Internal) Index is India Service Index. For computation of returns Torrent Pharmaceuticals Ltd ;``{
the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns
SIP : (positive or negative) is based on the monthly returns from inception. Average of all positive Power W4ZU V
Monthly: Minimum Rs. 1,000/- plus 5 and negative returns are taken in to account to calculate ‘When the Benchmark is up and
post dated cheques for a minimum of Kalpataru Power Transmission Ltd 3`@{
When the Benchmark is down’ respectively.
Rs. 1,000/- each; Quarterly: Minimum /" N74WX V
Rs. 5,000/- plus 4 post dated cheques of ~ Infosys Technologies Ltd _:3{
SIP Returns As on 30-Sep-10
Rs. 5,000/- each.
SWP : Total Scheme Scheme =
 ~ Tata Consultancy Services Ltd B;4{
SIP Start =

Period Amount Market SIP Market
Minimum of Rs.500 and multiples of Date SIP Returns ~ Wipro Ltd @^_{
Invested Value Returns Value
Re.1/- ~ Financial Technologies (India) Ltd ^;3{
3} $"1 3z&z;` 3:;;; 3^3<4<; <^B<{ 3^3<4B` <^B<{
STP : <} $"1 3z&z;4 <B;;; ^`^^3@` :34^{ ^`_3@<@ :::_{ Infotech Enterprises Ltd <<<{
Minimum Amount Rs. 1,000/-; Since
Maximum Period: 10 years : <;z-z;@ @`;;; _<::^:; 3<`_{ _`^:`;B 3B`4{ Telecom Services U4WN V
Inception
Available. ~ = 8 Y @3:{

Past performance may or may not be sustained in future. Assume Rs. 1000 Transportation W4YW V
invested every month. The 1 year, 3 years, 5 years and since inception Great Eastern Shipping Co. Ltd 3_3{
returns from SIP are computed on the assumption that SIP installments
where received across the time periods from the start date of SIP. The Short Term Debt and other current assets [4:N V
CAGR is computed based on IRR since SIP installments are received at 
 $$$ WXX4XX V
different intervals across the SIP period.
~ Top Ten Holdings
Derivatives are considered at exposure value.

Quantitative Indicators
Average P/E : 22.28 Average P/BV : 5.00 Average Dividend Yield : 0.97 Annual Portfolio Turnover Ratio : 0.60 times
Std Dev (Annualised) : 37.07% Sharpe Ratio : 0.02 Portfolio Beta : 1.00 R squared : 0.91

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided
as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

17
Wealth Creation
Oriented Solution
 , !+# 9 %' '$ % @HJ H? ?

 K
#  $ / /$ *#  / '
Open Ended Equity Fund '  0+# 9 5' $'$ $'

Style Box
  *. !+# 9 %' '$ %> "* $ #Benchmark ,/
Company/Issuer V 
 V 

25 Derivatives

20 Banks ZW4N7 V
15
~ "+"+"= Y :3_^{
10
"+"+"= YzQ  z;`_{
82% 5
~ 6Q+= Y 3^@@{
16%
Aug-08

Aug-09
Jun-09

Jun-10
Dec-08

Dec-09

Sep-10
Apr-09

Apr-10
Oct-08

Oct-09
Feb-09

Feb-10
~ $ = " Y 3<@^{
2%
~ 8* = Y `;B{
Banking & Financial Services BSE Bankex
~ 1/ -  = Y 43^{
Past performance may or may not be sustained in future.
#
Benchmark is BSE Bankex. Benchmark Index rebased to the inception NAV of the scheme. ~ = =  Y @@3{
,/' ' => "* ? ~ 8  = Y <B<{
50.00% 44.21% 42.31% 42.44% ~ $  +  = Y <B:{
Fund Details 45.00% 39.91%
Fund Managers ** : 40.00% ~ " = Y <;B{
35.00% 31.58% 31.66%
Prashant Kothari 30.00% ~ +  = Y <;<{
(Managing this fund since Jan 2010 & 6 25.00%
yrs as equity analyst & fund manager) 20.00% "-7  = Y :B:{
15.00%
Indicative Investment Horizon: 5 yrs 10.00%
5.00% |= " Y 3`4{
and more
0.00%
Inception date: 22-08-2008 Last Last Since |= " YzQ  3<:{
Average AUM: Rs. 138.55 crores 6 Months 1 Year Inception
Q = Y 343{
NAV (As on 30-Sep-10): Banking and Financial Services Fund - Retail BSE Bankex
Growth option: Rs. 20.29 Past performance may or may not be sustained in future and the same may not necessarily Finance W4UY V
Dividend option: Rs. 19.78 provide the basis for comparison with other investment. Peformance of dividend option Sundaram Finance Ltd 3@_{
Expense Ratio : 2.42% would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year
(please refer to page no. 73 for further : CAGR. Benchmark is BSE Bankex. For computation of returns the allotment NAV has Short Term Debt and other current assets [4YW V
details) been taken as Rs. 10.00.

 $$$ WXX4XX V
Options : $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Growth, Dividend & ~ ))
Institutional Option I (Growth) 15.00% 11.98% Derivatives are considered at exposure value.
Default Option : Growth 10.00% 9.89%
Application Amount :
Rs.5,000 (plus in multiples of Re.1) 5.00%
Institutional I: Rs.1 lac 0.00%
Min.Addl.Investment :
Rs.1000 & in multiples thereof -5.00%
-4.90%
Institutional I: Rs.10,000 -10.00% -6.53%
Exit load for Redemption / Switch When the Benchmark is up When the Benchmark is down
out :- Lumpsum & SIP / STP / SWP
Banking & Financial Services Fund BSE BANKEX
Investment Option
Upto 1 Year from allotment - 1% of Past performance may or may not be sustained in future.
applicable NAV, more than 1 Year - Nil Since inception data. Benchmark is BSE Bankex. For computation of
Min.Redemption Amt. : returns the allotment NAV has been taken as Rs. 10.00. Calculation
of scheme & benchmark returns (positive or negative) is based on
Rs. 500 and in multiples of Re. 1,
the monthly returns from inception. Average of all positive and
SIP : negative returns are taken in to account to calculate ‘When the
Monthly: Minimum Rs. 1,000/- plus 5 Benchmark is up and When the Benchmark is down’ respectively.
post dated cheques for a minimum of
Rs. 1,000/- each; Quarterly: Minimum SIP Returns As on 30-Sep-10
Rs. 5,000/- plus 4 post dated cheques of
Total Scheme Scheme =
 =

Rs. 5,000/- each. SIP Start
Period Amount Market SIP Market SIP
SWP : Date
Invested Value Returns Value Returns
Minimum of Rs.500 and multiples of 3} $"1 3z&z;` 3:;;; 3@``B_: B4;4{ 3B3;_B_ B`;_{
Re.1/- Since
STP : ::z8z;_ :B;;; ^4@43^< B^^:{ ^`3::;^ B_^`{
Inception
Minimum Amount Rs. 1,000/-;
Maximum Period: 10 years : Past performance may or may not be sustained in future. Assume Rs. 1000
Available. invested every month. The 1 year, 3 years, 5 years and since inception
returns from SIP are computed on the assumption that SIP installments
where received across the time periods from the start date of SIP. The
CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.

Quantitative Indicators
Average P/E : 22.96 Average P/BV : 3.06 Average Dividend Yield : 1.20 Annual Portfolio Turnover Ratio : 0.82 times
Std Dev (Annualised) : 36.47% Sharpe Ratio : 0.94 Portfolio Beta : 0.76 R squared : 0.97

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

18
Wealth Creation
Oriented Solution
ICICI Prudential Technology Fund @HJ H? ?

 K
#  $ / /$ # / ' '  '*# $'
Open Ended Equity Fund

Style Box
  *. '*# %> "* $ #Benchmark ,/
Company/Issuer V 
 V 

20 Derivatives
18
16 Hardware X4NW V
14
12
10 ~ Allied Digital Services Ltd ;:3{
8
6 /" ZU4:X V
68% 4
2
~ Infosys Technologies Ltd @;4^{
0%
Mar-00

Mar-01

Mar-02

Mar-03

Mar-04

Mar-05

Mar-06

Mar-07

Mar-08

Mar-09

Sep-10
~ Eclerx Services Ltd ::_`{
32%
~ Tata Consultancy Services Ltd 3:_4{
Technology Fund BSE IT
~ Nucleus Software Exports Ltd ^B`{
Past performance may or may not be sustained in future.
#
Benchmark is BSE IT. Benchmark Index rebased to the inception NAV of the scheme. ~ Infotech Enterprises Ltd :3:{
,/' ' => "* ? ~ Wipro Ltd 3;3{

50.00% ( YzQ  :^<{


Fund Details 43.38%
45.00%
Fund Managers ** : 40.00% ~ Quality Assurance Institute (I) Ltd 3;;{
35.00% 30.11%
Mrinal Singh 30.00%
25.00% 21.99% 14.62% ~ "+
 $ V" OY ;;@{
(Managing this fund since Aug 09 & 20.00% 13.55% 13.73%
15.00%
overall 7 yrs of experience of which 1 yr 10.00% 5.43% 8.69% 5.57% SIP Technologies and Exports Ltd ;;^{
as equity analyst) 5.00%
0.00% '> ^ 9 ''$$$ W47Y V
Indicative Investment Horizon: 5 yrs -5.00% -1.97%
and more Last Last Last Last Since ~ HCL Infosystems Ltd 34_{
Inception date: 03-03-2000 6 Months 1 Year 3 Years 5 Years Inception
$ )
6      ;3_{
Average AUM: Rs. 108.75 crores Technology Fund BSE IT Index
NAV (As on 30-Sep-10): Past performance may or may not be sustained in future and the same may not necessarily 
 $$$ WXX4XXV
Growth option: Rs. 17.75 provide the basis for comparison with other investment. Peformance of dividend option ~ Top Ten Holdings
Expense Ratio : 2.47% would be Net of Dividend distribution tax, if any. The returns of one year are higher largely Derivatives are considered at exposure value.
(please refer to page no. 73 for further due to market recovery.*Returns < 1Year : Absolute, > = 1Year : CAGR. Benchmark
details) is BSE IT. For computation of returns the allotment NAV has been taken as Rs. 10.00.
Options : $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Growth & Dividend
Default Option : Growth 15.00%
8.33%
Application Amount : 10.00% 7.06%
Rs.5,000 (plus in multiples of Re.1) 5.00%
Min.Addl.Investment : 0.00%
Rs.500 & in multiples thereof -5.00%
Exit load for Redemption / Switch -10.00% -6.98%
out :- Lumpsum & SIP / STP / SWP -15.00% -9.56%
Investment Option When the Benchmark is up When the Benchmark is down
Upto 1 Year from allotment - 1% of
applicable NAV, more than 1 Year - Nil
Technology Fund BSE IT Index
Min.Redemption Amt. :
Rs.500 Past performance may or may not be sustained in future.
Since inception data. Benchmark is BSE IT. For computation of returns the allotment
SIP : NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns (positive
Monthly: Minimum Rs. 1,000/- plus 5 or negative) is based on the monthly returns from inception. Average of all positive and
post dated cheques for a minimum of negative returns are taken in to account to calculate ‘When the Benchmark is up and
Rs. 1,000/- each; Quarterly: Minimum when the Benchmark is down’ respectively.
Rs. 5,000/- plus 4 post dated cheques of
Rs. 5,000/- each. SIP Returns As on 30-Sep-10
SWP : Total Scheme Scheme =

SIP Start =

Minimum of Rs.500 and multiples of Period Amount Market SIP Market
Date SIP Returns
Re1/- Invested Value Returns Value
STP : 3} $"1 3z&z;` 3:;;; 3@;B3<; @;@;{ 3^;_B`3 <<44{
Minimum Amount Rs. 1,000/-; <} $"1 3z&z;4 <B;;; @`3``B3 <@3^{ @4;44^< <:<B{
Maximum Period: 10 years : @} $"1 3z&z;@ B;;;; `^B33;B 3_:4{ `;`<;@_ 3BB@{
Available. Since
<z2 z;; 3:4;;; <_4@;:3: 3`_4{ <;`<B4:B 3@`B{
Inception
Past performance may or may not be sustained in future. Assume Rs. 1000
invested every month. The 1 year, 3 years, 5 years and since inception
returns from SIP are computed on the assumption that SIP installments
where received across the time periods from the start date of SIP. The
CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.

Quantitative Indicators
Average P/E : 25.91 Average P/BV : 8.00 Average Dividend Yield : 1.39 Annual Portfolio Turnover Ratio : 0.10 times
Std Dev (Annualised) : 35.65% Sharpe Ratio : 0.15 Portfolio Beta : 0.82 R squared : 0.66

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

19
Wealth Creation
Oriented Solution
ICICI Prudential FMCG Fund @HJ H? ?

 K
#  $ / /$ *#  / capital appreciation in
Open Ended Equity Fund
FMCG sector

Style Box
  *. % > "* $ #Benchmark ,/
Company/Issuer V 
 V 

80 Derivatives
70
60
50 Chemicals [4X: V
40
30 ` Pidilite Industries Ltd B;^{
20
47% 10 $
 0$ 7[4N7 V
24% ` ITC Ltd :@4:{
Mar-99

Mar-00

Mar-01

Mar-02

Mar-03

Mar-04

Mar-05

Mar-06

Mar-07

Mar-08

Mar-09

Sep-10
29% ")+YzQ  ^:^{
FMCG Fund CNX FMCG Index
` Hindustan Unilever Ltd 3:4@{
Past performance may or may not be sustained in future.
#
Benchmark is CNX FMCG Index. Benchmark Index rebased to the inception NAV of ` Marico Industries Ltd B43{
the scheme.
` Eveready Industries Ltd B43{
,/' ' => "* ?
` VST Industries Ltd @`;{
50.00% 46.09%43.57%
Fund Details 45.00% ` )  7 =  YV)  ) O @_B{
Fund Managers** : 40.00% 31.59%
35.00% 29.90% ` 8J- " Y @<4{
Prashant Kothari 30.00% 18.35%
(Managing this fund since Oct., 2005 & 25.00% 18.41% 18.11%
20.00% 18.17% ` = / /+ Y ^3:{
over 6 yrs of experience as equity analyst 15.00% 13.32%
10.02%
& fund manager) 10.00% ` =   "   Y <3:{
5.00%
Indicative Investment Horizon: 5 yrs 0.00% Textile Products :4X[ V
Last Last Last Last Since
and more 1 Year 3 Years 5 Years
6 Months Inception ` Page Industries Ltd ^;B{
Inception date: 31-03-1999 FMCG Fund CNX FMCG Index
Average AUM: Rs. 81.18 crores Past performance may or may not be sustained in future and the same may not Short Term Debt and other current assets Z48Z V
NAV (As on 30-Sep-10): necessarily provide the basis for comparison with other investment Peformance 
 $$$ WXX4XXV
Growth option : Rs. 68.34 of dividend option would be Net of Dividend distribution tax, if any. The returns of
Dividend option : Rs. 39.08 one year are higher largely due to market recovery.*Returns < 1Year : Absolute, > ` Top Ten Holdings
= 1Year : CAGR. Benchmark is CNX FMCG Index. For computation of returns the Derivatives are considered at exposure value.
Expense Ratio : 2.50% allotment NAV has been taken as Rs. 10.00.
(please refer to page no. 73 for further
details)
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4
Options :
8.00%
Growth & Dividend 5.57% 6.26%
6.00%
Default Option : Growth 4.00%
Application Amount : 2.00%
Rs.5,000 (plus in multiples of Re.1) 0.00%
Min.Addl.Investment : -2.00%
Rs.500 & in multiples thereof
-4.00% -2.66%
Exit load for Redemption / Switch
-6.00% -4.68%
out :- Lumpsum & SIP / STP / SWP
When the Benchmark is up When the Benchmark is down
Investment Option
Upto 1 Year from allotment - 1% of
FMCG Fund CNX FMCG Index
applicable NAV, more than 1 Year - Nil Past performance may or may not be sustained in future. Since inception data. Benchmark
Min.Redemption Amt. : is CNX FMCG Index. For computation of returns the allotment NAV has been taken as
Rs.500/- Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) is based
on the monthly returns from inception. Average of all positive and negative returns are
SIP : taken in to account to calculate ‘When the Benchmark is up and when the Benchmark
Monthly: Minimum Rs. 1,000/- plus 5 is down’ respectively.
post dated cheques for a minimum of
Rs. 1,000/- each; Quarterly: Minimum SIP Returns As on 30-Sep-10
Rs. 5,000/- plus 4 post dated cheques of Total Scheme Scheme =

SIP Start =

Rs. 5,000/- each. Period Amount Market SIP Market
Date SIP Returns
SWP : Invested Value Returns Value
Minimum of Rs.500 and multiples of 3} $"1 3z&z;` 3:;;; 3@<3_B^ @@;3{ 3@<@@:4 @@B@{
Re.1/- <} $"1 3z&z;4 <B;;; @BB;B4< <34<{ @B@;;`< <3@`{
@} $"1 3z&z;@ B;;;; 3;3;;`;@ :;`B{ 3;:4^`B^ :3BB{
STP :
Since
Minimum Amount Rs. 1,000/-; <3z2 z`` 3<`;;; B:<3B`B^ :<`_{ <`<B@`_^ 3B_B{
Inception
Maximum Period: 10 years :
Available. Past performance may or may not be sustained in future. Assume Rs. 1000
invested every month. The 1 year, 3 years, 5 years and since inception
returns from SIP are computed on the assumption that SIP installments
where received across the time periods from the start date of SIP. The
CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.

Quantitative Indicators
Average P/E : 26.00 Average P/BV : 10.65 Average Dividend Yield : 1.97 Annual Portfolio Turnover Ratio : 0.46 times
Std Dev (Annualised) : 28.06% Sharpe Ratio : 0.36 Portfolio Beta : 1.08 R squared : 0.78

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

20
* !5
Oriented Solution
 , *  , { /| @HJ H? ?

 K
(An Open Ended Fund) For your child between 1-13 years and seeking to save over a long term horizon

Style Box
  *. *  , / $ #Benchmark ,/
Company/Issuer V

100 Auto Ancillaries 74[U V
90 Exide Industries Ltd :^4{
80 1 + = Y 3``{
70
60 Motherson Sumi Systems Ltd 3`3{
50 Everest Kanto Cylinder Ltd ;`B{
40 Apollo Tyres Ltd ;<3{
30
13% 20 Auto Components N4:Z V
10 ~ = 1  V" OY :^`{
Banks [4XX V

Sep-10
Jan-04

Jan-05

Jan-06

Jan-07

Jan-08

Jan-09

Jan-10
31%
Jul-04

Jul-05

Jul-06

Jul-07

Jul-08

Jul-09
~ 8  = Y <:B{
Q = Y 3^_{
56% |= " Y 3:B{
Child Care Gift Market (Internal) Index
Cement N4YU V
Past performance may or may not be sustained in future. & 1  ?"   Y 3<4{
#
Benchmark is 50% Nifty Midcap 50 + 50% BSE Small Cap; Start Date:01-Jan-04. Prism Cement Ltd ;`^{
Benchmark Index rebased to NAV of the scheme as on start date of Benchmark Index. Shree Cement Ltd ;@^{
Chemicals 84Y[ V
,/' '= > "* 
Pidilite Industries Ltd 3`3{
1   " Y 3;:{
45.00% 40.64% Clariant Chemicals (India) Ltd ;`:{
Fund Details 40.00%
35.00% Construction Z4X: V
30.00% 29.06% ~ Ahluwalia Contractors Ltd <@_{
Fund Managers** : 25.00% 19.94% 22.52% ~ Gujarat Apollo Industries Ltd :B3{
20.00% 16.01% 16.60% 2=Y"    Y 34:{
15.00% 12.36%
Munzal Shah 10.00% 8.12% Mahindra Lifespace Developers Ltd 33<{
(Managing this fund since June, 2007 5.00% 3.25% Construction Projects N47U V
0.00% ~ Voltas Ltd :4@{
& over 8 yrs of experience as equity Last Last Last
Last Since Consumer Durables N4N7 V
research analyst in mid-cap space) 6 Months 1 Year 3 Years 5 Years Inception =$ Y ::4{
$
 0$ :4:[ V
Indicative Investment Horizon: Child Care Gift Benchmark ~ Marico Industries Ltd :@:{
6-17 yrs = / /+ Y 3;`{
Past performance may or may not be sustained in future and the same may not necessarily
provide the basis for comparison with other investment. Peformance of dividend option VST Industries Ltd ;_@{
Inception date: 31-08-2001 would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1 Year Fertilisers W47Z V
are Absolute. Benchmark is 50% Nifty Midcap 50 + 50% BSE Small Cap; Start Date:01 Coromandel Fertilisers Ltd ;`@{
Jan-04. For computation of returns the allotment NAV has been taken as Rs. 10.00. Zuari Industries Ltd ;_^{
Average AUM: Rs. 183.46 crores Finance N4UY V
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4 Kalyani Investment Co Ltd 3^3{
NAV (As on 30-Sep-10): Rs. 63.33 Sundaram Finance Ltd ;@4{
10.00% 8.52% ƒ   =  " 
 Y ;^3{
8.00% 5.85% RPG Itochu Finance Ltd ;3`{
Expense Ratio : 2.39%
6.00% Industrial Capital Goods U4X[ V
(please refer to page no. 73 for further 4.00% Crompton Greaves Ltd 3@:{
details) 2.00%
0.00% Petron Engineering Construction Ltd 3<B{
-2.00% Elecon Engneering Co Ltd 3<;{
Options : Growth Option -4.00% TRF Ltd ;__{
-6.00% Industrial Products WU4W7 V
-8.00% -5.73% ~ +  
| Y ^;<{
Default Option : Growth Option -10.00% -8.88% ~ Sintex Industries Ltd :^`{
-12.00% Kirloskar Ferrous Industries Ltd 3B^{
Application Amount : When the Benchmark is up When the Benchmark is down
Kirloskar Engines India Ltd 3B:{
Rs.5,000 (plus in multiples of Re.1) Child Care Plan - Gift Benchmark ƒ   =  Y 3<:{
Past performance may or may not be sustained in future. Since inception data. Benchmark "&-* " Y 33B{
Min.Addl.Investment : is 50% Nifty Midcap 50 + 50% BSE Small Cap; Start Date: 01-Jan-04. For computation of Cummins India Ltd ;``{
Rs.1,000/-, additional in multiples of returns the allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark ELGI Equipments Ltd ;`_{
Re.1 returns (positive or negative) is based on the monthly returns from inception. Average of all Kirloskar Industries Ltd ;`<{
positive and negative returns are taken in to account to calculate ‘When the Benchmark is Pesticides 84WY V
Exit load for Redemption / Switch up and when the Benchmark is down’ respectively. ~ Rallis India Ltd <3_{
out :- Lumpsum & SIP / STP / SWP Pharmaceuticals Z4[Y V
Investment Option SIP Returns As on 30-Sep-10 ~ "1+8Y    Y <;<{
Upto 3 Years from allotment - 1% of Total Scheme Scheme =
 Lupin Ltd :^3{
SIP Start =

applicable NAV, more than 3 Years - Nil Period Amount Market SIP Market FDC Ltd 3B<{
Date SIP Returns Torrent Pharmaceuticals Ltd 3@`{
Invested Value Returns Value
Min.Redemption Amt. : Rs.1,000 3} $"1 3z&z;` 3:;;; 3^43B:4 ^^@3{ 3^3^;3; <^B4{ Sun Pharma Advanced Research Co. Ltd ;_@{
<} $"1 3z&z;4 <B;;; @@<`:<B <;3;{ @^4`B44 :`:`{ Natco Pharma Ltd ;3B{
SIP : Power X4:Y V
@} $"1 3z&z;@ B;;;; `4;B_`@ 3`<:{ `::;``; 34::{
Monthly: Minimum Rs. 1,000/- plus 5 Kalpataru Power Transmission Ltd ;^_{
Since
post dated cheques for a minimum of <3z8z;3 33;;;; <3`4B`;@ :::B{ NA NA /" U4:N V
Inception
Rs. 1,000/- each; Quarterly: Minimum & Q  $  $ Y :^<{
Rs. 5,000/- plus 4 post dated cheques Past performance may or may not be sustained in future. Assume Rs. 1000
'$ /" &$  N4X: V
of Rs. 5,000/- each. invested every month. The 1 year, 3 years, 5 years and since inception Eclerx Services Ltd ;`3{
returns from SIP are computed on the assumption that SIP installments "+
 $ V" OY ;;^{
SWP : where received across the time periods from the start date of SIP. The Textile Products 3;3{
Minimum of Rs.500 and multiples of CAGR is computed based on IRR since SIP installments are received at Q  ?+
 Y 3;3{
Re. 1/- different intervals across the SIP period. Transportation W4XN V
Great Eastern Shipping Co. Ltd 3;:{
STP : Short Term Debt and other current assets W84NU V
Minimum Amount Rs. 1,000/-; 
 $$$ WXX4XX V
Maximum Period: 10 years ~ Top Ten Holdings

Quantitative Indicators
Average P/E : 20.03 Average P/BV : 5.55 Average Dividend Yield : 1.19 Annual Portfolio Turnover Ratio : 0.55 times
Std Dev (Annualised) : 35.71% Sharpe Ratio : 0.22 Portfolio Beta : 0.69 R squared : 0.94

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

21
Wealth Creation
Oriented Solution
@HJ H? ?

 K
ICICI Prudential Index Fund #  $ / /$ / ' '
?  & + "* '* 0 '# 9, 
;
/ &

$
 $'* . 
Past Performance is no guarantee of future results. For detailed methodology, pls. refer page no. 73

  *. & %> "* $ #Benchmark ,/
Fund Details Company/Issuer V 
 V 

Fund Managers : 60 Derivatives
Kayzad Eghlim 50  U4[: V
(Managing this fund since August 09 & 40  )  2 Y 3`@{
30  2  ?2  Y 3B^{
19 yrs of experience as equity dealer &  2 $J" Y 3;B{
fund management) 20    2 Y ;``{
Indicative Investment Horizon: 5 yrs 10 !+$ NX47W V
& more ~ "+"+"= Y 43;{
~ 6Q+= Y ^__{
Aug-02

Aug-03

Aug-04

Aug-05

Aug-06

Aug-07

Aug-08

Aug-09

Sep-10
Feb-02

Feb-03

Feb-04

Feb-05

Feb-06

Feb-07

Feb-08

Feb-09

Feb-10
Inception date: 26-02-2002
~ $ = " Y ^B@{
Average AUM: Rs. 80.86 crores  8* = Y :3_{
NAV (As on 30-Sep-10): Rs. 55.9963 Index Fund S&P CNX Nifty  1/ -  = Y ;`B{
Expense Ratio : 1.50%  ƒ 2  = Y ;`^{
Past performance may or may not be sustained in future.  W4Z7 V
(please refer to page no. 73 for further #
Benchmark is S&P CNX Nifty. Benchmark Index rebased to the inception NAV of the  „ 1  8   Y ;44{
details) scheme. nchmark Index rebased to the inception NAV of the scheme.  8
/ +
Y ;B^{
Options :  8  +
+
  Y ;@B{
Growth & ,/' ' => "* ? $' W4:N V
Institutional Option I (Growth)  6YQY ;4B{
Application Amount : 25.00% 22.19%  |Y ;BB{
Rs.5,000 (plus multiples of Rs.1000) 19.89% 18.30% 20.78% $' ,}'$ [4X[ V
20.00% 15.92% 19.10% 18.61% ~ Y ?) Y B;B{
Institutional option I : Rs.1 lac (plus in
multiples of Re.1) 15.00% 14.88% $
 0$ 74XX V
(w.e.f. 27-07-2009) For Rs.5 lac and ~ ")+Y @:;{
above: Payment mode only RTGS, NEFT, 10.00% 7.40% 6.27%    | Y 3_;{
Funds Transfer Letter, Transfer Cheque 5.00% %$ $ :4:U V
of bank where scheme has a collection  )  $Y ::@{
account. 0.00%  „ $?1 +
 Y 3@<{
Last Last Last Last Since  $8 " Y ;B4{
Min.Addl.Investment : 6 Months 1 Year 3 Years 5 Years Inception %' 74XU V
Retail : Rs.1000/-
Institutional Option I : Rs.500/- Index Fund S&P CNX Nifty ~ 6Q+Y @:4{
 "   6
Q +Y 3:`{
Exit load for Redemption / Switch  > +  Y ;^`{
Past performance may or may not be sustained in future and the same may not necessarily
out :- Lumpsum & SIP / STP / SWP provide the basis for comparison with other investment Peformance of dividend option $ W4WZ V
Investment Option would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1 Year  7 8 &" Y 33`{
Upto 7 Days from allotment - 0.25% of are Absolute. Benchmark is S&P CNX Nifty. For computation of returns the allotment NAV $  $ 848Y V
applicable NAV, more than 7 Days - Nil has been taken as Rs. 10.00.  =     Y :3_{
 $
 " Y ;B`{
Min.Redemption Amt. :  8==Y ;:4{
Retail : Rs.1000; $$ / #4 * $ "* !'*+ $  9 !'*+ $ "4  $J Y ;:^{
Institutional Option I : 500/-
 %$ $ N4ZX V
SIP : 8.00% 6.43% 6.29%  $ "   V" OY 3^4{
Monthly: Minimum Rs. 1,000/- plus 5 6.00%   "   Y 3^<{
post dated cheques for a minimum of 4.00% ? 84:: V
Rs. 1,000/- each; Quarterly: Minimum 2.00% ~ &?-  7 +
 Y :B^{
 +  " Y ;_;{
Rs. 5,000/- plus 4 post dated cheques of 0.00% , ,'$ Z4Y: V
Rs. 5,000/- each. -2.00% ~ > "   Y `<;{
SWP : -4.00%  = 1 
+  Y ;@^{
Minimum of Rs. 500/- and multiples of ,*''$ N4N8 V
Re.1/- -6.00%
-6.38% -6.42%  + Y ;`3{
-8.00%  $1
 "   Y ;_@{
STP :
Available When the Benchmark is up When the Benchmark is down  >  *Y    Y ;^4{
Index Fund S&P CNX Nifty ," :4N7 V
 -  )
1 +  Y 3@^{
Past performance may or may not be sustained in future. Since inception data. Bench-  )  1 +
 Y 3::{
mark is S&P CNX Nifty. For computation of returns the allotment NAV has been taken  > "   Y ;_<{
as Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) is based  1 7 +  " Y ;<^{
on the monthly returns from inception. Average of all positive and negative returns are  > 1 Y ;<<{
taken in to account to calculate ‘When the Benchmark is up and When the Benchmark /" WN4[X V
is down’ respectively. ~ "  ) Y _3_{
~ )  +  $  Y :B3{
SIP Returns As on 30-Sep-10  ( Y 3:B{
Total Scheme Scheme =
  +Y) Y ;@@{
SIP Start =
$"1 ' '$ 84:: V
Period Amount Market SIP Market
Date Returns  = 8 Y :^`{
Invested Value Returns Value
 > +

  Y ;B:{


3} $"1 3z&z;` 3:;;; 3^:3BBB <@`4{ 3^3<4B` <^B<{  " + Y ;<:{
<} $"1 3z&z;4 <B;;; @;^:4_@ :<34{ ^`_3@<@ :::_{ Index Futures/Options
@} $"1 3z&z;@ B;;;; `^4:`4: 3_<:{ `3`4^B_ 3433{  -zQ    :^<{
Since *  0  * ' $$$ >X4XW V
:BzQ z;: 3;^;;; <;<_<B;` :<4`{ :_<_@^@@ :::`{
Inception 
 $$$ WXX4XX V
Past performance may or may not be sustained in future. Assume Rs. 1000 ~ Top Ten Holdings
invested every month. The 1 year, 3 years, 5 years and since inception Derivatives are considered at exposure value.
returns from SIP are computed on the assumption that SIP installments
where received across the time periods from the start date of SIP. The
CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.

Quantitative Indicators
Average P/E : 26.96 Average P/BV : 5.52 Average Dividend Yield : 1.04 Annual Portfolio Turnover Ratio : 0.78 times Tracking Error :1.89##
Std Dev (Annualised) : 35.35% Sharpe Ratio : 0.20 Portfolio Beta : 1.00 R squared : 1.00

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
##
Source:Bloomberg
$
ICICI Prudential Index Fund - In Equity: Index Category (18 schemes considered) for 3 and 5 years periods ending Sep 30, 2010

22
Wealth Creation
Oriented Solution
@HJ H? ?

 K
 ,
/ ~ & % #  $ / /$ / ' '
?  & + "* '* 0 '# 
;
/ ~ &

,/' ' => "* ? ,/


Fund Details Company/Issuer V 

Fund Managers : 12.80%
12.60% 12.57%
Kayzad Eghlim  74:U V
(Managing this fund since inception & 19 12.40% ~= / /8Y B;^{
yrs of experience as equity dealer & fund 12.20%  8 Y Y 3^;{
12.00% !+$ WY48Y V
management) 11.75% ~= =  Y ^<`{
11.80%
Indicative Investment Horizon: 5 yrs ~= " Y :__{
11.60%
& more  |= " Y :B:{
11.40%
Inception date: 25-06-2010  Q = Y :;3{
11.20%  +  = Y 3`:{
Average AUM: Rs. 7.71 crores Since  "6="= Y 3@<{
NAV (As on 30-Sep-10): Inception  8 = Y 33:{
Growth: Rs. 11.1753 Nifty Junior Index Fund CNX Nifty Junior  " &  = Y ;_<{
Dividend: Rs. 11.1753  $ = Y ;B;{
Expense Ratio : 1.50%  +  = Y ;^`{
Past performance may or may not be sustained in future and the same may not necessarily  W47N V
(please refer to page no. 73 for further provide the basis for comparison with other investment. Peformance of dividend option  | +
Y 34:{
details) would be Net of Dividend distribution tax, if any. *Returns < 1 Year are Absolute. $' 84X: V
Options : Benchmark is CNX Nifty Junior Index. For computation of returns the allotment NAV has  "  >   Y 3BB{
Growth & been taken as Rs. 10.00.   6
?"   Y 3<_{
Dividend $' ,}'$ N4:Y V
Application Amount :  72>"   Y 3B`{
Rs.5,000 (plus multiples of Re.1/-)  1/YY ;4`{
Min.Addl.Investment : Rs.1000/- (plus $
 0$ WX4ZU V
multiples of Re.1/-) ~|$  Y ^;:{
~8  1  Y <44{
Exit load for Redemption / Switch  + z1 
V" OY 34<{
out :- Lumpsum & SIP / STP / SWP  8 =  -Y 3^<{
Investment Option %$ $ :4XY V
Upto 1 Year from allotment - 1% of ~„$($Y ^;_{
applicable NAV, more than 1 Year - Nil %' :4ZU V
Min.Redemption Amt. : Rs.500;  Y"+ Q Y :@`{
SIP :  1 Q +  Y 3:3{
Monthly: Minimum Rs. 1,000/- plus 5  "Q+"Y 33@{
$ X4YU V
post dated cheques for a minimum of
 > -  >   Y ;_@{
Rs. 1,000/- each; Quarterly: Minimum    3@;{
Rs. 5,000/- plus 4 post dated cheques of  "  +
 Y 3@;{
Rs. 5,000/- each. $  $ :4UW V
SWP : ~+ 
7   Y <@^{
Minimum of Rs. 500/- and multiples of  =   Y ;`_{
Re.1/- $ ,'$ 84UU V
STP :  +

 " Y :3<{


Available  = Q Y 3^:{
 9  N4U8 V
 ‡  
    Y :@<{
$  # 84[U V
~$ 7 Y <B@{
,$'$ W47X V
 |1   Y 34;{
, ,'$ N4Z[ V
   1 
+  Y :@3{
 2   >  1 
Y ;^B{
,*''$ WN48N V
~6 > Y    Y @^3{
 7 *
1
  Y :4@{
 YY :3<{
 7
1
  Y 3:^{
 =Y ;4_{
," W4[8 V
 ) 1 Y 3B<{
/" 84[X V
 2  Y 3:<{
 & Q  $  $ Y 33;{
 )2  Y ;4;{
 1 +
 $ 
Y ;@4{
' '$ X4NY V
 )  )   Y ;:_{
# N4Y8 V
~8     Y :_<{
$ :4WX V
 2 1 8$‡Y ::^{
 +  +  " Y 3_B{
*  0  * ' $$$ X4ZU V

 $$$ WXX4XXV
~ Top Ten Holdings

Quantitative Indicators
Average P/E : 28.99 Average P/BV : 7.61 Average Dividend Yield : 0.98 Annual Portfolio Turnover Ratio : 0.67 times

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

23
Wealth Creation
@HJ H? ?

 K Oriented Solution

 ; ,  &'*#  % {,' | #  $ / /$ / ' '
?  &'*# $ & + "* % by replicating the BSE Sensitive Index


  *. , > "* $ #Benchmark ,/
Fund Details Company/Issuer V 

250
Fund Managers :
Chintan Haria 200  [4[Y V
(Managing this fund since August 09 & 150  )  2 Y ::`{
4 yrs of experience as equity dealer)
100  2  ?2  Y 3`3{
Indicative Investment Horizon: 5 years
& more  2 $J" Y 3<3{
50
Inception date: 10-01-2003    2 Y 334{
Average AUM: Rs. 1.08 crores !+$ WZ4:U V

Sep-10
Jan-09

Jan-10
Jan-06

Jan-07

Jan-08
Jan-03

Jan-04

Jan-05

Jul-09
Jul-07

Jul-08
Jul-05

Jul-06
Jul-03

NAV (As on 30-Sep-10): Rs. 208.7626 Jul-04 ~ "+"+"= Y 4_<{


Expense Ratio : 0.80% SPIcE Fund BSE SENSEX ~ $ = " Y @_@{
(please refer to page no. 73 for further Past performance may or may not be sustained in future. ~ 6Q+= Y @44{
details) #
Benchmark is BSE SENSEX. Benchmark Index rebased to the inception NAV of the  W4U8 V
Application Amount : scheme.
 „ 1  8   Y ;_`{
One Unit (One unit = SENSEX/100)
,/' '= > "* ?  8  +
+
  Y ;B^{
Min.Addl.Investment :
One Unit (One unit = SENSEX/100) 30.00% $' W4XN V
26.84% 26.03%
Exit load for Redemption / Switch 25.00% 17.83% 18.87%  6YQY 3;:{
out :- Lumpsum & SIP / STP / SWP 20.00% 17.18% 18.36%
$' ,}'$ 74X8 V
Investment Option 15.00% 14.79% 14.50%
Nil (In case there are no quotes on 10.00% 5.59% ~ Y ?) Y 4;<{
the BSE/ DSE for five trading days 5.08% $
 0$ Y4WU V
5.00%
consecutively, an investor can sell
directly to the fund at an exit load of 0.00% ~ ")+Y B;:{
Last Last Last Last Since
2.5% of NAV). 1 Year 3 Years 5 Years    | Y :3<{
6 Months Inception
Min.Redemption Amt. :
One Unit (One unit = SENSEX/100) %$ $ :4:8 V
SPIcE Fund BSE SENSEX
SIP :  )  $Y :@B{
Not Available Past performance may or may not be sustained in future and the same may not necessarily
provide the basis for comparison with other investment. Peformance of dividend option  „ $?1 +
 Y 3_4{
SWP : would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year %' [4XN V
Not Available
: CAGR. Benchmark is BSE SENSEX Index. For computation of returns the allotment NAV ~ 6Q+Y B;:{
STP : has been taken as Rs. 10.00.
Not Available $  $ N47X V
$$ / #4 * $ "* !'*+ $  9 !'*+ $ "4  =     Y :4;{

 %$ $ 84N[ V
8.00% 6.31% 6.38%
  "   Y 3B4{
6.00%
 $ "   V" OY 3B;{
4.00%
? 84YX V
2.00%
0.00% ~ &?-  7 +
 Y <_;{
-2.00% , ,'$ WW4N: V
-4.00% ~ > "   Y 33:^{
-6.00% ,*''$ W4X[ V
-6.17% -6.39%
-8.00%
When the Benchmark is up When the Benchmark is down  + Y 3;B{
SPIcE BSE SENSEX ," :4[Y V
 -  )
1 +  Y ::B{
Past performance may or may not be sustained in future.
Since inception data. Benchmark is BSE SENSEX Index. For computation of returns the  )  1 +
 Y 3^<{
allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns  > "   Y ;``{
(positive or negative) is based on the monthly returns from inception. Average of all
positive and negative returns are taken in to account to calculate ‘When the Benchmark /" W:4NN V
is up and when the Benchmark is down’ respectively. ~ "  ) Y `^;{
~ )  +  $  Y <^<{
 ( Y 3<`{
' '$ 84YU V
 = 8 Y <;4{
 > +

  Y ;4_{


*  0  * ' $$$ X4YZ V

 $$$ WXX4XXV
~ Top Ten Holdings

Quantitative Indicators
Average P/E : 27.03 Average P/BV : 5.71 Average Dividend Yield : 1.08 Annual Portfolio Turnover Ratio : 0.10 times
Std Dev (Annualised) : 33.69% Sharpe Ratio : 0.14 Portfolio Beta : 0.97 R squared : 1.00 Tracking Error :1.84##

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.
##
Source:MFI Explorer

24
ICICI Prudential Fusion Fund
$> $5 ^ '*

 !& NAV Movement Graph: Fusion Plan-Growth Vs #Benchmark Portfolio


Company/Issuer % to NAV
25
Auto 1.13 %
20 Bajaj Auto Ltd 1.13 %
Auto Ancillaries 2.57 %
15 Enkei Castalloy Ltd 1.15 %
Style Apollo Tyres Ltd 0.55 %
Value Blend Growth Size 10
Phillips Carbon Black Ltd 0.45 %
Large 47% Enkei Wheels India Ltd 0.42 %
5
Banks 11.46 %
Mid 23% ~ Corporation Bank Ltd 3.11 %
Mar-06

Mar-07

Mar-08

Mar-09

Mar-10
~ ICICI Bank Ltd 2.75 %
Jun-06

Jun-07

Jun-08

Jun-09

Jun-10
Dec-06

Dec-07

Dec-08

Dec-09
Sep-06

Sep-07

Sep-08

Sep-09

Sep-10
Small 30% Punjab National Bank Ltd 2.47 %
Federal Bank Ltd 1.76 %
Axis Bank Ltd 1.38 %
Fusion Fund NIFTY Junior Index Market (Internal) Index Cement 1.77 %
Grasim Industries Ltd 0.98 %
Past performance may or may not be sustained in future. Ambuja Cement Ltd 0.79 %
#
Benchmark is NIFTY Junior Index, @Market (Internal) Index is Nifty Midcap 50. Benchmark Chemicals 2.60 %
~ Pidilite Industries Ltd 2.60 %
Index rebased to the inception NAV of the scheme. Construction 2.57 %
Fund Details Performance Record *- Growth Option Gujarat Apollo Industries Ltd 2.17 %
Ahluwalia Contractors Ltd 0.40 %
Fund Managers** : Construction Projects 2.12 %
Munzal Shah 39.09% Nagarjuna Construction Company Ltd 1.28 %
(Managing this fund since August 09 45.00% Voltas Ltd 0.85 %
40.00% 34.45% Consumer Durables 1.57 %
& overall 8 yrs of experience as equity 35.00%
analyst & fund manager) 30.00% Blue Star Ltd 1.57 %
Indicative Investment Horizon: 5 yrs 25.00% 19.68% 21.43% Consumer Non Durables 4.74 %
20.00% 16.81% 16.40% ITC Ltd 1.60 %
and more Asian Paints Ltd 1.19 %
Inception date: 25-03-2006 15.00% 11.54% 8.59% 10.76%
10.00% 7.61% Shree Renuka Sugars Ltd 0.99 %
Average AUM: Rs. 439.12 crores 5.00% 1.98% 1.90% Aditya Birla Nuvo Ltd 0.96 %
0.00% Ferrous Metals 0.51 %
NAV (As on 30-Sep-10): Kalyani Steels Ltd 0.51 %
Last Last Last Since
Growth option : Rs. 15.87 6 Months 1 Year 3 Years Inception Fertilisers 1.35 %
Dividend option : Rs. 14.96 Gujarat Narmada Valley Fertilizers Ltd 1.35 %
Fusion Fund Nifty Junior Index Finance 2.32 %
Institutional option-I : Rs. 16.77
Kalyani Investment Co Ltd 2.21 %
Expense Ratio : Kirloskar Brothers Investments Ltd 0.11 %
Retail option : 2.29% Industrial Capital Goods 9.43 %
Institutional option-I : 1.00% ~ Techno Electric & Engineering Ltd 3.53 %
(please refer to page no. 73 for further Past performance may or may not be sustained in future and the same may not neces- Texmaco Ltd 1.84 %
details) sarily provide the basis for comparison with other investment. Peformance of dividend AIA Engineering Ltd 1.75 %
option would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, Bharat Heavy Electricals Ltd 1.49 %
> = 1Year : CAGR. Benchmark is Nifty Junior Index & @Market (Internal) Index is Nifty TRF Ltd 0.82 %
Midcap 50. For computation of returns the allotment NAV has been taken as Rs. 10.00. Industrial Products 7.23 %
~ Kirloskar Pneumatic Company Ltd 2.61 %
Jain Irrigation Systems Ltd 1.50 %
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Esab India Ltd 1.20 %
Carborundum Universal Ltd 1.05 %
Kirloskar Brothers Ltd 0.55 %
10.00% 7.59% 7.26% SKF India Ltd 0.32 %
5.66% Oil 0.95 %
5.00% Oil & Natural Gas Company Ltd 0.95 %
Pesticides 5.82 %
0.00% ~ Rallis India Ltd 4.50 %
-5.00% United Phosphorus Ltd 1.32 %
Petroleum Products 2.64 %
-10.00% -8.62% Reliance Industries Ltd 1.55 %
-10.81% Bharat Petroleum Corporation Ltd 1.09 %
-15.00% -11.84% Pharmaceuticals 13.49 %
When the Benchmark is up When the Benchmark is down ~ Cadila Healthcare Ltd 5.74 %
~ Lupin Ltd 3.44 %
Fusion Fund Dr. Reddys Laboratories Ltd 1.94 %
NIFTY Junior Index Market (Internal) Index IPCA Laboratories Ltd 1.25 %
Cipla Ltd 1.12 %
Past performance may or may not be sustained in future. Power 3.00 %
Since inception data. Benchmark is Nifty Junior Index & @Market (Internal) Index is Nifty Tata Power Company Ltd 1.31 %
Midcap 50. For computation of returns the allotment NAV has been taken as Rs. 10.00. National Thermal Power Corporation Ltd 1.12 %
Calculation of scheme & benchmark returns (positive or negative) is based on the monthly NHPC Ltd 0.57 %
returns from inception. Average of all positive and negative returns are taken in to account /" [4[Z V
to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. ~ Tata Consultancy Services Ltd 2.70 %
Oracle Financial Services Software Ltd 2.36 %
Infosys Technologies Ltd 1.57 %
 "+
 $ V" OY ;;@{
' '$ N4Z7 V
~ Bharti Airtel Ltd 2.97 %
& ,'$ N48: V
Siyaram Silk Mills Ltd 2.34 %
Transportation 3.23 %
Arshiya International Ltd 1.75 %
Great Eastern Shipping Co. Ltd 1.48 %
*  0  * ' $$$ 74:Y V
Total Net Assets 100.00 %
~ Top Ten Holdings

Quantitative Indicators:
Average P/E : 22.53 Average P/BV : 5.35 Average Dividend Yield : 1.12 Annual Portfolio Turnover Ratio :0.51 times
Std Dev (Annualised) : 34.51% Sharpe Ratio : 0.05 Portfolio Beta : 0.72 R squared : 0.91
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided
as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.
25
 , %$ %>$ 
$> $5 ^ '*

 !&
  *. %$ %>$ > "* $ #Benchmark Portfolio
Company/Issuer % to NAV % to NAV
Derivatives
16 Auto 6.08 %
14 ~ 2  ?2  Y <@3{
12 Bajaj Auto Ltd 2.56 %
10 Auto Ancillaries 1.00 %
Style 8
6 Balkrishna Industries Ltd 1.00 %
Value Blend Growth Size
4 Banks 15.78 %
Large 58%
2 ~ 8  = Y <`@{
~ 8* = Y <BB{
Mid 26%
Aug-08

Aug-09
Jun-08

Jun-09

Jun-10
Dec-08

Dec-09

Sep-10
Apr-08

Apr-09

Apr-10
Oct-08

Oct-09
Feb-09

Feb-10
Bank of Baroda Ltd 3.13 %
Small 16%
Punjab National Bank Ltd 2.79 %
S&P CNX Nifty Market (Internal) Index ICICI Bank Ltd 2.25 %
Fusion Fund - Series III
Cement 2.07 %
Birla Corporation Ltd 2.07 %
Past performance may or may not be sustained in future. Construction Projects 2.26 %
#
Benchmark is S&P CNX Nifty, @Market (Internal) Index is 50% Nifty + 50% Nifty Midcap Voltas Ltd 2.26 %
50. Benchmark Index rebased to the inception NAV of the scheme. Consumer Non Durables 3.93 %
Fund Details ITC Ltd 2.49 %
Performance Record *- Growth Option
Marico Industries Ltd 1.24 %
Fund Managers** : Bajaj Corp Ltd 0.20 %
Prashant Kothari # X47X V
35.00% 30.04%
(Managing this fund since August 2009 & SJVN Ltd 0.70 %
30.00% 21.48%
over 6 yrs of experience as equity analyst Ferrous Metals 1.70 %
& fund manager) 25.00% 18.61% Usha Martin Ltd 1.70 %
Indicative Investment Horizon: 20.00% 14.88% Finance 2.57 %
13.25% 12.68%
15.00% 13.39% 12.16% HDFC Ltd 2.05 %
3 yrs and more
10.00% 9.54% Kirloskar Brothers Investments Ltd 0.52 %
Inception date: 15-03-2008
Average AUM: Rs. 584.85 crores 5.00% Gas 2.68 %
0.00% Indraprastha Gas Ltd 2.68 %
NAV (As on 30-Sep-10):
Last Last Since Hotels 1.84 %
Growth option : Rs. 13.55 6 Months 1 Year Inception Indian Hotels Company Ltd 1.84 %
Dividend option : Rs. 13.55 Industrial Capital Goods 4.44 %
Fusion Fund Series III S&P CNX Nifty
Institutional Growth Bharat Heavy Electricals Ltd 2.32 %
Option : Rs. 13.91 Texmaco Ltd 2.12 %
Institutional Dividend Past performance may or may not be sustained in future and the same may not necessarily Industrial Products 3.12 %
Option : Rs. 13.91 provide the basis for comparison with other investment. Peformance of dividend option would
be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year : CAGR. Sintex Industries Ltd 1.59 %
Expense Ratio : Benchmark is S&P CNX Nifty & @Market (Internal) Index is 50% Nifty + 50% Nifty Midcap 50. For Kirloskar Brothers Ltd 1.53 %
Retail option : 2.22% computation of returns the allotment NAV has been taken as Rs. 10.00.  9  X4ZY V
Institutional option-I : 1.20% PVR Ltd 0.98 %
(please refer to page no. 73 for further Non Ferrous Metals 1.54 %
details)  $ "   V" OY 3@^{
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down.
Oil 2.73 %
Oil & Natural Gas Company Ltd 2.73 %
15.00% Pesticides 1.62 %
7.22%
10.00% 6.10% 6.77% United Phosphorus Ltd 1.62 %
Petroleum Products 3.46 %
5.00%
~ > "   Y <^B{
0.00% Pharmaceuticals 11.82 %
-5.00% ~ "1+8Y    Y ^@;{
-10.00% -7.15% -8.28% ~ Q6+Y <`^{
-9.05% ~ ) 1
  Y <<_{
-15.00%
When the Benchmark is up When the Benchmark is down Power 3.66 %
National Thermal Power Corporation Ltd 1.55 %
Fusion Fund - series III S&P CNX Nifty Market (Internal) Index Kalpataru Power Transmission Ltd 1.12 %
Tata Power Company Ltd 0.98 %
/" Z4[7 V
Past performance may or may not be sustained in future. Since inception data. Benchmark ~ )  +  $  Y ^<B{
is S&P CNX Nifty & @Market (Internal) Index is 50% Nifty + 50% Nifty Midcap 50.. For com- ~ & Q  $  $ Y <44{
putation of returns the allotment NAV has been taken as Rs. 10.00. Calculation of scheme Wipro Ltd 0.83 %
& benchmark returns (positive or negative) is based on the monthly returns from inception. Infosys Technologies Ltd 0.70 %
Average of all positive and negative returns are taken in to account to calculate ‘When the Infosys Technologies Ltd - Futures 3.33 %
Benchmark is up and When the Benchmark is down’ respectively. ' '$ 84:7 V
~ = 8 Y <^4{
Transportation 1.39 %
Containers Corporation of India Ltd 1.39 %
*  0  * ' $$$ Y4W[ V
Total Net Assets 100.00 %
~ Top Ten Holdings
Derivatives are considered at exposure value.

Quantitative Indicators:
Average P/E : 20.63 Average P/BV : 4.96 Average Dividend Yield : 1.25 Annual Portfolio Turnover Ratio : 0.40 times
Std Dev (Annualised) : 31.46% Sharpe Ratio : 0.33 Portfolio Beta : 0.90 R squared : 0.96
Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided
as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

26
ICICI Prudential R.I.G.H.T (Rewards of investing &
# / ** & $#$| %
$  ^ + #$ '*

 !& Performance Record *- Growth Option Portfolio


Company/Issuer % Nav
30.00% 27.76% 28.01% Auto 4.66 %
25.00%
20.37% ~ Bajaj Auto Ltd 4.66 %
20.00% 18.61%
16.77%
14.88% Auto Ancillaries 6.42 %
15.00%
10.00% ~ Amara Raja Batteries Ltd 4.14 %
68% 5.00% Balkrishna Industries Ltd 2.28 %
14% 0.00% Banks 15.99 %
Last Last Since
18% 6 Months 1 Year Inception ~ Punjab National Bank Ltd 6.40 %
R.I.G.H.T. Fund S&P CNX Nifty
~ Axis Bank Ltd 4.15 %
Past performance may or may not be sustained in future and the Bank of Baroda Ltd 3.24 %
same may not necessarily provide the basis for comparison with
other investment. Peformance of dividend option would be Net of ICICI Bank Ltd 2.20 %
Dividend distribution tax, if any. *Returns are Absolute. Benchmark
Chemicals 0.43 %
is S&P CNX Nifty. For computation of returns the allotment NAV
Fund Details has been taken as Rs. 10.00. Pidilite Industries Ltd 0.43 %
Fund Managers :
Consumer Non Durables 15.75 %
Prashant Kothari,
(Managing this fund since Inception & over Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. ~ Hindustan Unilever Ltd 4.88 %
6 yrs of experience as equity analyst &
fund manager) ~ Bajaj Corp Ltd 4.31 %
Indicative Investment Horizon: 4.00% 3.44% 3.99%
3.00% ITC Ltd 3.22 %
3 yrs & more 2.00%
Inception date: 26-09-2009 1.00% Eveready Industries Ltd 1.26 %
0.00%
Average AUM: Rs. 105.25 crores -1.00%
-2.00% Akzo Nobel India Ltd 1.05 %
NAV (As on 30-Sep-10): -3.00% -1.80%
Growth option: Rs. 12.81 -4.00% Marico Industries Ltd 1.04 %
-5.00%
Dividend option: Rs. 12.81 -6.00% # X4[: V
-5.22%
Expense Ratio : 2.48% When the Benchmark is up When the Benchmark is down
(please refer to page no. 73 for further SJVN Ltd 0.64 %
details) R.I.G.H.T. Fund - Growth Benchmark Finance 2.25 %
HDFC Ltd 2.25 %
Past performance may or may not be sustained in future. Since inception data. Benchmark Gas 3.89 %
is S&P CNX Nifty. For computation of returns the allotment NAV has been taken as Rs. 10.00.
Calculation of scheme & benchmark returns (positive or negative) is based on the monthly Indraprastha Gas Ltd 3.89 %
returns from inception. Average of all positive and negative returns are taken in to account
to calculate ‘When the Benchmark is up and when the Benchmark is down’ respectively. Industrial Capital Goods 2.76 %
Bharat Heavy Electricals Ltd 2.76 %
Pesticides 2.08 %
United Phosphorus Ltd 2.08 %
Pharmaceuticals 11.90 %
~ Torrent Pharmaceuticals Ltd 4.86 %
Cipla Ltd 2.85 %
FDC Ltd 2.72 %
Dr. Reddys Laboratories Ltd 1.47 %
Power 7.96 %
~ National Thermal Power Corporation Ltd 4.44 %
Tata Power Company Ltd 3.53 %
/" W74W: V
~ Tata Consultancy Services Ltd 5.70 %
Oracle Financial Services Software Ltd 3.74 %
Infosys Technologies Ltd 3.72 %
Wipro Ltd 2.09 %
Nucleus Software Exports Ltd 1.89 %
' '$ :4[X V
~ Bharti Airtel Ltd 4.60 %
*  0  * ' $$$ 84UN V
Total Net Assets 100.00%
~ Top Ten Holdings

Quantitative Indicators:
Average P/E :20.84 Average P/BV : 6.40 Average Dividend Yield : 1.22 Annual Portfolio Turnover Ratio : 0.36 times
Std Dev (Annualised) : 10.98% Sharpe Ratio : 1.76 Portfolio Beta : 0.55 R squared : 0.86

Portfolio turnover has been computed as the ratio of the lower value of average purchase and average 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 91-day T-Bill cut-off of 6.2735%.

27
Wealth Creation
@HJ H? ?

 K ? 
ICICI Prudential Blended Plan - Plan A ?  *' $ /  0 / ^ 9 ^ 0#
{$ [UV|  "  $ /   0 &$ /
20% for a short time horizon
{  ?  %|

Performance Record* - Growth Option Portfolio


Portfolio
Fund Details 6.88% 6.93% Company/Issuer %NAV %NAV
8.00% 7.23% Derivatives
Fund Managers : 6.71% 6.64%
7.00% 6.11% 6.25% Equity & Derivative Holdings 68.81 %
Equity : Chintan Haria (Managing this 5.98% 6.15%
6.00% 4.92% Banks 3.47 %
fund since August 09 & over 4 yrs of 5.00% 3.84% 4.05% Dena Bank Ltd 2.98 %
experience as equity dealer) 4.00% 2.49% 2.41%
Dena Bank Ltd - Futures -3.02 %
Debt : Devang Shah (Managing this 3.00% 2.32%
Punjab National Bank Ltd 0.48 %
2.00%
fund since Nov, 2009 & overall 5 yrs 1.00%
Punjab National Bank Ltd - Futures -0.48 %
of experience in fixed income credit 0.00% Cement 1.77 %
analysis, new product launches operations Last Last Last Last Since Century Textiles & Industries Ltd 1.77 %
& management advisory services) 6 Months 1 Year 3 Years 5 Years Inception Century Textiles & Industries Ltd - Futures -1.79 %
Blended Plan A Crisil Short Term Bond Fund Index Market (Internal) Index Chemicals 1.45 %
Indicative Investment Horizon:
Sterling Biotech Ltd 1.45 %
6 months-1 year Past performance may or may not be sustained in future and the same may not necessarily
provide the basis for comparison with other investment. Peformance of dividend option Sterling Biotech Ltd - Futures -1.46 %
Inception date: 31-05-2005 Construction 2.27 %
would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1
Average AUM: Rs. 76.65 crores Year are Absolute. Benchmark is Crisil Short Term Bond Fund Index & @Market (Internal) Orbit Corporation Ltd 2.27 %
NAV (As on 30-Sep-10): Index is Crisil Liquid Fund Index. For Computation of returns the allotment NAV has Orbit Corporation Ltd - Futures -2.28 %
Growth option : Rs. 14.3003 been taken as Rs 10.00. Consumer Durables 1.46 %
Videocon Industries Ltd 1.46 %
Dividend option : Rs. 10.7701 Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down.
Videocon Industries Ltd - Futures -1.48 %
Expense Ratio : 0.90% Consumer Non Durables 10.95 %
(please refer to page no. 73 for further 0.70% 0.55% 0.60% 0.65%
0.60% 0.51% Aditya Birla Nuvo Ltd 7.32 %
details) 0.50% Aditya Birla Nuvo Ltd - Futures -7.37 %
Options : 0.40% 0.36% K. S. Oils Ltd 3.63 %
0.30%
Growth & Dividend 0.20% K. S. Oils Ltd - Futures -3.67 %
Default Option : 0.10% Ferrous Metals 10.88 %
0.00% Welspun Gujarat Stahl Rohren Ltd 10.88 %
Growth -0.10%
-0.20% Welspun Gujarat Stahl Rohren Ltd - Futures -10.93 %
Application Amount : -0.30% -0.18% Finance 10.41 %
Rs.5,000 (plus in multiples of Re.1) When the Benchmark is up When the Benchmark is down IFCI Ltd 8.92 %
Maximum Amount Investment per IFCI Ltd - Futures -9.01 %
Blended Plan - Plan A Crisil Short Term Bond Fund Index Market (Internal) Index Rural Electrification Corporation Ltd 1.49 %
Application: Rs. 10 Crs.
Min.Addl.Investment : Rural Electrification Corporation Ltd - Futures -1.50 %
Past performance may or may not be sustained in future. Since inception data. Benchmark Hotels 2.90 %
Rs.1,000/- & in multiples of Re.1/- is Crisil Short Term Bond Fund Index & @Market (Internal) Index is Crisil Liquid Fund Index. Indian Hotels Company Ltd 2.90 %
Exit load for Redemption / Switch out For computation of returns the allotment NAV has been taken as Rs. 10.00. Calculation of Indian Hotels Company Ltd - Futures -2.92 %
:- Lumpsum & SIP / STP / SWP Investment scheme & benchmark returns (positive or negative) is based on the monthly returns from
inception. Average of all positive and negative returns are taken in to account to calculate Industrial Capital Goods 1.08 %
Option ‘When the Benchmark is up and When the Benchmark is down’ respectively. BGR Energy Systems Ltd 0.68 %
Upto 1 Month from allotment - 0.25% of BGR Energy Systems Ltd - Futures -0.69 %
 ,5. {$ V /  0 '$| Praj Industries Ltd 0.40 %
applicable NAV, more than 1 Month - Nil
Min.Redemption Amt. : Praj Industries Ltd - Futures -0.40 %
Media & Entertainment 3.95 %
Rs.500 and in multiples of Re.1/-
Television Eighteen India Ltd 3.95 %
SIP : Other Current Assets 11.00% Television Eighteen India Ltd - Futures -3.99 %
Not Available Oil 1.25 %
SWP : Cairn India Ltd 1.25 %
Not Available Cairn India Ltd - Futures -1.26 %
STP : <182 days 89.00% Petroleum Products 0.75 %
Not Available Chennai Petroleum Corporation Ltd 0.75 %
Chennai Petroleum Corporation Ltd - Futures -0.75 %
0.00% 20.00% 40.00% 60.00% 80.00% 100.00% Pharmaceuticals 4.98 %
Orchid Chemicals & Pharma. Ltd 3.51 %
Orchid Chemicals & Pharma. Ltd - Futures -3.54 %
$$ '. {$ V /
 $$$| Aurobindo Pharma Ltd 1.48 %
Aurobindo Pharma Ltd - Futures -1.49 %
Retailing 3.01 %
Pantaloon Retail (India) Ltd 3.01 %
Total Debt Pantaloon Retail (India) Ltd - Futures -3.03 %
31.19% Telecom Services 6.33 %
GTL Ltd 6.33 %
GTL Ltd - Futures -6.40 %
Total Hedged Telecom-Equipment & Accessories 0.51 %
Equity GTL Infrastructure Ltd 0.51 %
GTL Infrastructure Ltd - Futures -0.51 %
68.81%
Transportation 1.41 %
Total Meractor Lines Ltd 1.41 %
Unhedged Meractor Lines Ltd - Futures -1.43 %
Equity Debt Holdings 27.76 %
0.00% Term Deposits 27.21 %
ICICI Bank Ltd 27.21 %
Cash, Call, CBLO & Reverse Repo 0.56 %
Other Current Assets 3.43 %
Total Net Assets 100.00 %
Derivatives are considered at exposure value.

Quantitative Indicators
Average Maturity : 0.00 Years Modified Duration :0.00 Years Yield To Maturity : 6.50% % Unlisted Bonds : 0.00% Std Dev (Annualised):1.36%
Average P/E : 16.47 Average P/BV : 2.58 Average Dividend Yield : 1.01 Annual Portfolio Turnover Ratio : 2.03 times

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing
a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily
required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.

28
Wealth Creation
@HJ H? ?

 K ? 
ICICI Prudential Blended Plan - Plan B    *' $ / ^ 0# {& :ZV|
 "  $ / 0 {$ UWV| # "*

{  ?  %|


#
Morningstar:  $
Value Research : 
Past Performance is no guarantee of future results. Rating by Morningstar is for Growth and Dividend options For detailed methodology, pls. refer page no. 73
Performance Record* - Growth Option Portfolio
Fund Details 6.64% $$ '# V

8.00% 7.23% 6.71%
Fund Managers : 7.00% 6.76% 6.73% Debt Holdings 100.07 %
6.25% 6.11% 6.25% 6.15%
Equity : Chintan Haria (Managing this 6.00% 4.92% ,  '$ W4WX V
fund since August 09 & over 4 yrs of 5.00% 4.62% 4.05%
2.71% LIC Housing Finance Ltd AAA 1.10 %
experience as equity dealer) 4.00% 2.32%
Debt : Devang Shah (Managing this fund 3.00% 2.41% CPs and CDs 93.33 %
2.00%
since Nov, 2009 & overall 5 yrs of experi- Central Bank of India Ltd PR1+ 26.35 %
1.00%
ence in fixed income credit analysis, new
0.00% Punjab National Bank Ltd A1+ 14.11 %
product launches operations & manage- Last Last Last Last Since
ment advisory services) 6 Months 1 Year 3 Years 5 Years Inception Vijaya Bank Ltd A1+ 7.18 %
Indicative Investment Horizon: Blended Plan B Crisil Short Term Bond Fund Index Market (Internal) Index UCO Bank Ltd P1+ 6.62 %
6 months-1 year Past performance may or may not be sustained in future and the same may not necessarily Allahabad Bank Ltd P1+ 6.50 %
Inception date: 31-05-2005 provide the basis for comparison with other investment. Peformance of dividend option
would be Net of Dividend distribution tax, if any. * Returns >= 1 Year are CAGR, < 1 Year Axis Bank Ltd A1+ 5.45 %
Average AUM: Rs. 3,929.35 crores
are Absolute. Benchmark is Crisil Short Term Bond Fund Index & @Market (Internal) Index is Kotak Mahindra Bank Ltd A1+ 4.42 %
NAV (As on 29-Sep-10): Crisil Liquid Fund Index. For Computation of returns the allotment NAV has been taken as
Growth option : Rs. 14.1564 Rs 10.00. LIC Housing Finance Ltd P1+ 3.86 %
Dividend option : Rs. 12.3244 Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Andhra Bank Ltd PR1+ 3.54 %
Institutional Growth : Rs. 10.1237
Institutional Dividend : Rs. 10.3727 IDBI Bank Ltd A1+ 2.21 %
0.70% 0.55% 0.60% 0.51%
Expense Ratio : 0.60% HDFC Bank Ltd A1+ 2.20 %
0.50% 0.45%
Blended Plan B : 0.40% 0.40% 0.36% Corporation Bank Ltd P1+ 2.20 %
Blended Plan B (inst) : 0.05% 0.30%
(please refer to page no. 73 for further 0.20% >   +  Y 83š :3@{
0.10%
details) 0.00% Oriental Bank of Commerce Ltd P1+ 2.12 %
Options : -0.10%
-0.20% Indian Overseas Bank Ltd PR1+ 1.54 %
Retail (Growth & Dividend) & -0.30% -0.18%
Institutional Option (Growth & Dividend) When the Benchmark is up When the Benchmark is down State Bank of Patiala Ltd A1+ 1.10 %
Default Option : Punjab & Sindh Bank Ltd A1+ 0.67 %
Blended Plan - Plan B Crisil Short Term Bond Fund Index Market (Internal) Index
Retail - Growth Kotak Mahindra Prime Ltd P1+ 0.55 %
Application Amount : Past performance may or may not be sustained in future. United Bank Of India Ltd A1+ 0.55 %
Rs.5,000 (plus in multiples of Re.1) Since inception data. Benchmark is Crisil Short Term Bond Fund Index & @Market (Internal)
Index is Crisil Liquid Fund Index. For computation of returns the allotment NAV has been Term Deposits 5.59 %
Institutional: Rs. 1 cr. (plus in multiples of taken as Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative)
Re. 1) Yes Bank Ltd 5.59 %
is based on the monthly returns from inception. Average of all positive and negative
Min.Addl.Investment : returns are taken in to account to calculate ‘When the Benchmark is up and When the $*2 2 !? 9 $  X4XU V
Rs. 1,000 & in multiples of Re.1/- thereafter Benchmark is down’ respectively.
Other Current Assets -0.07 %
Institutional: Rs.1000/- & in multiples thereof # ,5 {$ V / 0 '$|
Total Net Assets 100.00 %
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP / SWP Investment
Option AAA and
Upto 45 days from allotment - 0.25% of Equivalent
applicable NAV, more than 45 days - Nil 94.40%
Min.Redemption Amt. :
“Retail & Institutional: Rs. 500 & in multiples
of Re.1/- thereafter.”
Term Deposits
SIP :
5.58%
Monthly SIP under Retail Option: Min. no. of
installments: 12; Min. installment amount;
Rs. 1000/-
SWP :
 ,5. {$ V /  0 '$|
Not Available
STP :
Not Available
Other Current -0.07%
Assets

<182 days 100.07%

-20.00% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00%

Quantitative Indicators
Average Maturity : 0.17 Years Modified Duration :0.16 Years Yield To Maturity : 6.89% % Unlisted Bonds : 0.00% Std Dev (Annualised):0.82%

#
Overall rating in Arbitrage Funds category, total 26 arbitrage funds were considered for 3 year ratings for period ended 30/09/2010.
$ICICI Prudential Blended Plan - Plan B - In Hybrid Debt Oriented Category (17 schemes considered) for 3 and 5 years periods ending Sep 30, 2010

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing a
closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily required.
This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.

29
Wealth Creation
@HJ H? ?

 K ? 
 , ^ 9 $ % Wealth Optimiser Plan  "  $ 0 $#  & / '$* ^$2 ^
derivatives and debt market instruments - relatively less conservative - 65% to
{  ?  ^ %| WXXV  ^  ^ $ {*# &$   YXV|

 !& Performance Record *- Growth Option Portfolio


Debt 20.00% 17.91% Company/Issuer Rating % Nav % to NAV
18.00% Derivatives
16.00% 14.21% ^ H# UZ4W: V
14.00% 10.59%
12.00% 11.04% Auto 5.17 %
9.98% 9.15%
10.00% 7.90% Mahindra & Mahindra Ltd 2.61 %
8.00% 5.57% Bajaj Auto Ltd 2.56 %
6.00%
4.00% Auto Ancillaries 1.99 %
2.00% Balkrishna Industries Ltd 1.99 %
0.00% Banks 14.23 %
Equity Last Last Last Since
6 Months 1 Year 3 Year Inception Axis Bank Ltd 3.69 %
Equity & Derivatives Fund - Wealth Crisil Balanced Fund Index Punjab National Bank Ltd 3.47 %
Past performance may or may not be sustained in future and the same may not necessarily Bank of Baroda Ltd 3.42 %
provide the basis for comparison with other investment. Peformance of dividend option Corporation Bank Ltd 2.07 %
would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1
Year are Absolute. Benchmark is Crisil Balanced Fund Index. For computation of returns Allahabad Bank Ltd 1.59 %
the allotment NAV has been taken as Rs. 10.00. Construction Projects 1.77 %
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Larsen & Toubro Ltd 1.77 %
Consumer Non Durables 4.16 %
Fund Details 6.00% 4.52% Bajaj Corp Ltd 2.18 %
Fund Managers** : 3.84%
ITC Ltd 1.44 %
4.00% Akzo Nobel India Ltd 0.55 %
Equity : Prashant Kothari (Managing this
2.00% # X4Y: V
fund since Aug, 2009 & overall 6 yrs of
experience as equity analyst & fund 0.00% SJVN Ltd 0.84 %
manager) -2.00% Finance 1.28 %
Debt : Manish Banthia (Managing this HDFC Ltd 1.28 %
fund since Nov, 2009 & overall 5 1/2 yrs -4.00%
Gas 1.06 %
of experience in fixed income dealing & -6.00% -4.45% -5.14% Indraprastha Gas Ltd 1.06 %
research, new product development & When the Benchmark is up When the Benchmark is down Hotels 1.35 %
corporate finance)‘
Equity and Derivative - Wealth Optimiser Plan Crisil Balanced Fund Index Indian Hotels Company Ltd 1.35 %
Inception date: 30-12-2006
Industrial Capital Goods 2.51 %
Average AUM: Rs. 306.49 crores
Past performance may or may not be sustained in future.Since inception data. Benchmark Bharat Heavy Electricals Ltd 2.51 %
NAV (As on 30-Sep-10): is Crisil Balanced Fund Index. For computation of returns the allotment NAV has been Non Ferrous Metals 2.10 %
Growth option : Rs. 13.89 taken as Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) Hindustan Zinc Ltd 2.10 %
Dividend option : Rs. 13.16 is based on the monthly returns from inception. Average of all positive and negative
returns are taken in to account to calculate ‘When the Benchmark is up and When the Oil 3.82 %
Expense Ratio : 2.34%
Benchmark is down’ respectively. Oil & Natural Gas Company Ltd 3.82 %
(please refer to page no. 73 for further
Pharmaceuticals 4.81 %
details)
 ,5 {$ V / 0 *#| IPCA Laboratories Ltd 2.93 %
Options :
Growth & Dividend Torrent Pharmaceuticals Ltd 1.88 %
Power 1.23 %
Default Option : National Thermal Power Corporation Ltd 1.23 %
Growth
Other Current /" Y47W V
Application Amount : Assets 2.95%
Rs.5,000 (plus in multiples of Re.1) Tata Consultancy Services Ltd 4.40 %
Min.Addl.Investment : Oracle Financial Services Software Ltd 1.91 %
Rs.1000/- (plus in multiples of Re.1/-) Infosys Technologies Ltd 1.25 %
Exit load for Redemption / Switch <182 days 97.05% Wipro Ltd 1.15 %
out :- Lumpsum & SIP / STP / SWP ' '$ :4W8 V
Investment Option Bharti Airtel Ltd 4.13 %
Upto 1 Year from allotment - 1% of 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% Equity & Derivative Holdings 13.94 %
applicable NAV, more than 1 Year - Nil Cement 5.55 %
Min.Redemption Amt. : Century Textiles & Industries Ltd 5.55 %
Rs.500 Century Textiles & Industries Ltd - Futures -5.61 %
SIP : Non Ferrous Metals 1.52 %
Monthly: Minimum Rs. 1,000/- plus 5 $ "   V" OY  3@:{
post dated cheques for a minimum of $ "   V" OYzQ     z;4`{
Rs. 1,000/- each; Quarterly: Minimum
Petroleum Products 4.61 %
Rs. 5,000/- plus 4 post dated cheques of
Rs. 5,000/- each. Reliance Industries Ltd 4.61 %
Reliance Industries Ltd - Futures -0.44 %
SWP :
Rs.500 and in multiples of Re. 1/- Power 2.26 %
STP : CESC Ltd 2.26 %
Minimum Amount Rs. 1,000/-; CESC Ltd - Futures -2.28 %
Maximum Period: 10 years : & %$?$
Available. Nifty - Futures -16.89 %
Debt Holdings 26.13 %
,  '$ X4Z[ V
>   +  Y 888 ;`B{
CPs and CDs 0.34 %
Bank of Baroda Ltd P1+ 0.34 %
Term Deposits 24.58 %
ICICI Bank Ltd 19.36 %
Yes Bank Ltd 5.22 %
$*2 2 !? 9 $  X4NU V
Other Current Assets 0.79 %
Total Net Assets 100.00 %
Derivatives are considered at exposure value.

Quantitative Indicators
Average Maturity : 0.01 Years Modified Duration :0.01 Years Yield To Maturity : 6.35% % Unlisted Bonds : 0.00% Std Dev (Annualised):21.43%
Average P/E : 18.86 Average P/BV : 4.48 Average Dividend Yield : 1.25 Annual Portfolio Turnover Ratio : 0.40 times

**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

30
Wealth Creation
@HJ H? ?

 K ? 
 , ^ 9 $ % Income Optimiser Plan  "  $ 0 $#  & / '$* ^$2 ^
derivatives and debt market instruments - relatively more conservative - 65% to
{  ?  ^ %| YXV  ^  ^ $ {*# &$   UV|

 !& Performance Record *- Retail Growth Option Portfolio


Company/Issuer Sector/Rating % Nav % to NAV
Debt 8.00% 7.00% Derivatives
7.00% 6.11% 6.42% Equity Holding 1.02 %
6.00% 5.83% Chemicals 1.00 %
5.00% 4.05% GeeCee Ventures Ltd ( former Gwalior Chemical ) 1.00 %
4.00% 3.12% 3.37% Finance 0.01 %
3.00% 2.41% HDFC Ltd 0.01 %
Equity & Derivative Holdings 69.85 %
2.00%
Banks 2.28 %
1.00%
Oriental Bank of Commerce Ltd 1.75 %
0.00% Oriental Bank of Commerce Ltd - Futures -1.76 %
Equity Last Last Last Since
1 Year 3 Year Punjab National Bank Ltd - Futures 0.92 %
6 Months Inception Syndicate Bank Ltd 0.52 %
Equity & Derivatives Fund - Income Crisil Liquid Fund Index Syndicate Bank Ltd - Futures -0.53 %
Past performance may or may not be sustained in future and the same may not neces- Cement 5.79 %
sarily provide the basis for comparison with other investment. Peformance of dividend India Cements Ltd 5.05 %
option would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < India Cements Ltd - Futures -5.11 %
1 Year are Absolute. Benchmark is Crisil Liquid Fund Index. For computation of returns Century Textiles & Industries Ltd 0.74 %
the allotment NAV has been taken as Rs. 10.00. Century Textiles & Industries Ltd - Futures -0.75 %
Construction 4.45 %
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Orbit Corporation Ltd 3.48 %
Orbit Corporation Ltd - Futures -3.50 %
Fund Details Indiabulls Real Estate Ltd 0.91 %
0.80%
Fund Managers**: 0.57% Indiabulls Real Estate Ltd - Futures -0.92 %
0.70% Unitech Ltd 0.07 %
Equity : Chintan Haria (Managing this 0.60% 0.52%
Unitech Ltd - Futures -0.07 %
fund since August 09 & over 4 yrs of
experience as equity dealer) 0.50% Consumer Durables 0.21 %
Videocon Industries Ltd 0.21 %
0.40%
Debt : Manish Banthia (Managing this Videocon Industries Ltd - Futures -0.21 %
fund since Nov, 2009 & overall 5 1/2 yrs 0.30% Consumer Non Durables 9.66 %
of experience in fixed income dealing & 0.20% K. S. Oils Ltd 4.61 %
research, new product development & 0.10% K. S. Oils Ltd - Futures -4.66 %
corporate finance) 0.00% Aditya Birla Nuvo Ltd 4.16 %
Aditya Birla Nuvo Ltd - Futures -4.19 %
Inception date: 30-12-2006
When the Benchmark is up When the Benchmark is down Bajaj Hindusthan Ltd 0.88 %
Average AUM: Rs. 107.83 crores Bajaj Hindusthan Ltd - Futures -0.89 %
NAV (As on 30-Sep-10): Equity and Derivative - Income Optimiser Plan Crisil Liquid Fund Index Ferrous Metals 9.80 %
Welspun Gujarat Stahl Rohren Ltd 7.70 %
Retail Growth option : Rs. 12.89 Past performance may or may not be sustained in future. Since inception data. Benchmark
Welspun Gujarat Stahl Rohren Ltd - Futures -7.77 %
Inst. Growth option : Rs. 13.00 is Crisil Liquid Fund Index. For computation of returns the allotment NAV has been taken
Ispat Industries Ltd 2.10 %
Retail Dividend option : Rs. 10.72 as Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) is based
Ispat Industries Ltd - Futures -2.13 %
Institutional Dividend option : Rs. 10.84 on the monthly returns from inception. Average of all positive and negative returns are
Fertilisers 2.21 %
taken in to account to calculate ‘When the Benchmark is up and When the Benchmark
Expense Ratio : is down’ respectively. Tata Chemicals Ltd 2.21 %
Retail Option : 1.50% Tata Chemicals Ltd - Futures -2.22 %
Inst. Option : 1.20%  ,5 {$ V / 0 *#| Finance 5.23 %
(please refer to page no. 73 for further IFCI Ltd 5.23 %
IFCI Ltd - Futures -5.28 %
details)
Hotels 0.86 %
Options : Indian Hotels Company Ltd 0.86 %
Retail Option (Growth & Dividend) & Other Current Indian Hotels Company Ltd - Futures -0.87 %
Institutional Option (Growth & Dividend) Assets -5.45%
Industrial Capital Goods 3.77 %
Default Option : Praj Industries Ltd 3.77 %
Retail Option (Growth) Praj Industries Ltd - Futures -3.81 %
Industrial Products 4.90 %
Application Amount : Bharat Forge Ltd 4.90 %
Retail option: Rs.5,000 (plus multiples of <182 days 105.45%
Bharat Forge Ltd - Futures -4.90 %
Re.1)
Institutional option: Rs.5 crores (plus in Media & Entertainment 2.19 %
multiples of Re.1) Television Eighteen India Ltd 2.19 %
-20.00% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% Television Eighteen India Ltd - Futures -2.22 %
Min.Addl.Investment : Oil 0.48 %
Rs.1000/- (plus in multiples of Re.1/-)
Cairn India Ltd 0.48 %
Exit load for Redemption / Switch out :- Cairn India Ltd - Futures -0.48 %
Lumpsum & SIP / STP / SWP Investment Petroleum Products 3.53 %
Essar Oil Ltd 3.53 %
Option
Upto 6 Months from allotment - 0.50% of Essar Oil Ltd - Futures -3.56 %
applicable NAV, more than 6 Months - Nil Pharmaceuticals 0.67 %
Orchid Chemicals & Pharma. Ltd 0.67 %
Min.Redemption Amt. : Orchid Chemicals & Pharma. Ltd - Futures -0.67 %
Rs.500
Power 4.64 %
SIP : Reliance Infrastructure Ltd 2.47 %
Monthly: Minimum Rs. 1,000/- plus 5 Reliance Infrastructure Ltd - Futures -2.48 %
post dated cheques for a minimum of PTC India Ltd 2.17 %
Rs. 1,000/- each; Quarterly: Minimum PTC India Ltd - Futures -2.19 %
Retailing 1.38 %
Rs. 5,000/- plus 4 post dated cheques of
Pantaloon Retail (India) Ltd 1.38 %
Rs. 5,000/- each. Pantaloon Retail (India) Ltd - Futures -1.39 %
Exit Load: If the amount, sought to be Telecom Services 7.50 %
redeemed or switched out, is invested GTL Ltd 6.78 %
for a period of upto two years – 1%; GTL Ltd - Futures -6.86 %
Else - Nil Idea Cellular Ltd 0.48 %
Idea Cellular Ltd - Futures -0.48 %
SWP :
Tata Teleservices Ltd 0.25 %
Retail Option: Rs.500 and in multiples of
Re. 1/- Tata Teleservices Ltd - Futures -0.25 %
Transportation 0.30 %
STP : Meractor Lines Ltd 0.30 %
Available. Exit load: Same as in SIP Meractor Lines Ltd - Futures -0.30 %
Purchase.
Debt Holdings 30.72 %
CPs and CDs 12.74 %
Canara Bank Ltd P1+ 12.74 %
Term Deposits 17.90 %
ICICI Bank Ltd 17.90 %
Cash, Call, CBLO & Reverse Repo 0.08 %
Other Current Assets -1.59 %
Total Net Assets 100.00 %
Derivatives are considered at exposure value.

Quantitative Indicators
Average Maturity : 0.01 Years Modified Duration :0.01 Years Yield To Maturity : 5.74% % Unlisted Bonds : 0.00% Std Dev (Annualised):1.63%
Average P/E : 19.39 Average P/BV : 2.69 Average Dividend Yield : 0.86 Annual Portfolio Turnover Ratio : 2.40 times
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed byMr. Rajat Chandak to extent of ADR/GDR exposure only.
31
Wealth Creation
@HJ H? ?

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ICICI Prudential Balanced Fund Medium term investment of funds in a portfolio of
^ {| [UV  0 # / ' '4
{  ?  !' %|

 !&
  * {' $ / !'*+ &|. !' %> "* $ #Benchmark Portfolio
Debt $$ '# V
 V 

60 Derivatives
50 ^ H# 7N4NW V
40 Auto 5.51 %
30 Mahindra & Mahindra Ltd 3.02 %
20 Bajaj Auto Ltd 2.49 %
10 Auto Ancillaries 2.34 %
Balkrishna Industries Ltd 2.34 %
Equity Banks 15.68 %
Apr-02

Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09

Sep-10
Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
 Axis Bank Ltd 3.98 %
Punjab National Bank Ltd 3.81 %
72% Balanced Fund Crisil Balanced Fund Index Bank of Baroda Ltd 3.15 %
Past performance may or may not be sustained in future. Allahabad Bank Ltd 2.79 %
#
19% Benchmark is Crisil Balanced Fund Index. Benchmark Index rebased to NAV of the
scheme as on start date of Benchmark Index. ICICI Bank Ltd 1.05 %
9% HDFC Bank Ltd 0.91 %
Performance Record *- Growth Option Construction Projects 4.16 %
Larsen & Toubro Ltd 2.28 %
Fund Details 25.00% Voltas Ltd 1.88 %
21.63%
Fund Managers** : 20.00% Consumer Non Durables 4.91 %
15.08%
Equity : Prashant Kothari (Managing this 15.00% 11.77% 14.21% 13.09%14.55% ITC Ltd 1.62 %
fund since Aug, 2009 & overall 6 yrs of 10.59% VST Industries Ltd 1.37 %
experience as equity analyst & fund 10.00% 7.90%
4.80% Bajaj Corp Ltd 1.30 %
manager) 5.00%
Hindustan Unilever Ltd 0.62 %
Debt : Kuldeepsinh Jagtap (Managing 0.00%
this fund since Nov, 2009 & overall 8 yrs Last Last # X47W V
Last Last Since
of experience in fixed income & money 6 Months 1 Year 3 Years 5 Years Inception SJVN Ltd 0.71 %
market) Finance 0.82 %
Balanced Fund Crisil Balanced Fund Index
Indicative Investment Horizon: HDFC Ltd 0.82 %
3 yrs & more Past performance may or may not be sustained in future and the same may not necessarily Gas 1.40 %
Inception date: 03-11-1999 provide the basis for comparison with other investment. Peformance of dividend option Indraprastha Gas Ltd 1.40 %
Average AUM: Rs. 273.69 crores would be Net of Dividend distribution tax, if any. *Returns < 1 Year : Absolute, > = Hotels 1.71 %
1Year : CAGR. Benchmark - Crisil Balanced Fund Index and start date - 30-Mar-02. For Indian Hotels Company Ltd 1.71 %
NAV (As on 30-Sep-10):
computation of returns the allotment NAV has been taken as Rs. 10.00.
Growth option : Rs. 46.33 Industrial Capital Goods 3.45 %
Dividend option : Rs. 16.59 Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Bharat Heavy Electricals Ltd 3.45 %
Expense Ratio : 2.29% 6.00% Industrial Products 1.47 %
4.61%
(please refer to page no. 73 for further 5.00% 4.05% Carborundum Universal Ltd 1.47 %
details) 4.00% Non Ferrous Metals 2.40 %
Options : 3.00%  $ "   V" OY  3^:{
Growth & Dividend 2.00%
1.00% Hindustan Zinc Ltd 0.98 %
Default Option : 0.00% Oil 3.01 %
Growth -1.00% Oil & Natural Gas Company Ltd 3.01 %
Application Amount : -2.00% Petroleum Products 5.25 %
Rs.5,000 (plus in multiples of Re.1) -3.00%
-4.00%  Reliance Industries Ltd 5.25 %
Min.Addl.Investment : -4.23% -4.13% Pharmaceuticals 5.25 %
Rs.500 & in multiples thereof -5.00%
When the Benchmark is up When the Benchmark is down IPCA Laboratories Ltd 3.10 %
Exit load for Redemption / Switch Torrent Pharmaceuticals Ltd 2.15 %
out :- Lumpsum & SIP / STP / SWP Balanced Fund Crisil Balanced Fund Index
Power 1.06 %
Investment Option Past performance may or may not be sustained in future. Since inception data. Benchmark National Thermal Power Corporation Ltd 1.06 %
Upto 1 Year from allotment - 1% of is Crisil Balanced Fund Index. Start date: 30 Mar-02. For computation of returns the
applicable NAV, more than 1 Year - Nil /" Z4[[ V
allotment NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns
Min.Redemption Amt. : (positive or negative) is based on the monthly returns from inception. Average of all  Tata Consultancy Services Ltd 5.05 %
Rs.500 and in multiples of Re.1/- positive and negative returns are taken in to account to calculate ‘When the Benchmark Infosys Technologies Ltd 3.15 %
SIP : is up and When the Benchmark is down’ respectively. Oracle Financial Services Software Ltd 1.46 %
Monthly: Minimum Rs. 1,000/- plus 5 ' '$ 84:N V
post dated cheques for a minimum of  ,5 {$ V / 0 *#| Bharti Airtel Ltd 3.42 %
Rs. 1,000/- each; Quarterly: Minimum Debt Holdings 30.28 %
Rs. 5,000/- plus 4 post dated cheques of Other Current CPs and CDs 10.80 %
Assets -8.95%
Rs. 5,000/- each.
 Punjab National Bank Ltd PR1+ 3.91 %
SWP : 182 days - 1 year 22.23%
Minimum of Rs.500 and multiples of Re1/- Bank of India Ltd P1+ 3.38 %
STP : 1-3 years 25.98% HDFC Bank Ltd A1+ 2.79 %
Available. IDBI Bank Ltd A1+ 0.71 %
<182 days 60.74%
Term Deposits 2.10 %
-20.00% -10.00% 0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 70.00% Yes Bank Ltd 1.48 %
, $ $  8X>>WX ICICI Bank Ltd 0.62 %
,  '$ W[4NY V
Scheme Benchmark Benchmark
SIP Start Total Amount Scheme  National Housing Bank Ltd AAA 9.06 %
Period SIP Market SIP
Date Invested Market Value Sundaram Finance Ltd LAA+ 3.62 %
Returns Value Returns
1 Year SIP 1-Oct-09 12,000 13,751.47 28.15% 13,500.10 23.98% Reliance Capital Ltd AAA 3.60 %
3 Year SIP 1-Oct-07 36,000 47,347.98 18.64% 46,374.42 17.16% $*2 2 !? 9 $  W4WX V
5 Year SIP 1-Oct-05 60,000 83,157.04 13.02% 85,578.80 14.18% Other Current Assets -2.49 %
Since Total Net Assets 100.00 %
3-Nov-99 131,000 373,822.94 18.09% NA NA
Inception  !' 

Past performance may or may not be sustained in future. Assume Rs. 1000 invested every Derivatives are considered at exposure value.
month. The 1 year, 3 years, 5 years and since inception returns from SIP are computed on
the assumption that SIP installments where received across the time periods from the start
date of SIP. The CAGR is computed based on IRR since SIP installments are received at
different intervals across the SIP period.
Quantitative Indicators – Debt Component
Average Maturity : 0.82 Years Modified Duration : 0.75 Years Yield To Maturity : 7.46% % Unlisted Bonds : 3.60%
‘ '$ ’ ^ 
Average P/E: Average P/BV: Sharpe Ratio: Portfolio Beta: R squared : Average Dividend Annual Portfolio Turnover Std Dev (Annualised)
21.07 5.36 0.17 1.02 0.96 Yield : 1.32 Ratio : 0.34 times : 24.32%
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

32
* !5
? 
@HJ H? ?

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 , *  , {| For your child between 13-17 years and on the
threshold of higher studies
{  ?  %|
#
Morningstar:  $
Value Research : 
Past Performance is no guarantee of future results. For detailed methodologies, pls. refer page no. 73

 !&
  * {' $ / !'*+ &|. , >  $ #Benchmark Portfolio
Debt Company/Issuer Sector/Rating % Nav
35 Equity Holding 21.35 %
30 Auto Ancillaries 2.27 %
25 Amara Raja Batteries Ltd 1.31 %
20 Apollo Tyres Ltd 0.96 %
15 Banks 4.50 %
10 Allahabad Bank Ltd 2.22 %
5 Punjab National Bank Ltd 1.14 %
Axis Bank Ltd 1.13 %

Sep-10
Apr-02

Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09
Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
Equity Construction Projects 2.13 %
Voltas Ltd 2.13 %
Child Care Study Crisil MIP Blended index Market (Internal) Index Consumer Durables 1.43 %
30% Past performance may or may not be sustained in future. Blue Star Ltd 1.43 %
# @
Benchmark is Crisil MIP Blended Index, Market (Internal) Index is 20% Nifty + 80% Industrial Products 2.59 %
31% Crisil Bond Fund Index. Benchmark Index rebased to NAV of the scheme as on start date SKF India Ltd 2.59 %
of Benchmark Index. Pesticides 1.86 %
39% Performance Record *- Growth Option Rallis India Ltd 1.86 %
Pharmaceuticals 1.07 %
20.00% 18.03% Natco Pharma Ltd 1.07 %
Fund Details 18.00% 8.05%
16.00% 7.18% 12.21% Software 2.81 %
Fund Managers** : 14.00% 7.54% 12.58% Nucleus Software Exports Ltd 1.40 %
12.00% 10.47% 11.09%
Equity : Mrinal Singh (Managing this 10.00% 4.44% 8.69% 8.80% Tata Consultancy Services Ltd 1.37 %
8.00% 7.33%
fund since August 09 & overall 7 yrs of 6.00% 5.06% Infinite Computer Solutions (India) Ltd 0.04 %
experience of which 1 year as equity 4.00% Telecom Services 2.70 %
2.00%
analyst) 0.00% Bharti Airtel Ltd 2.70 %
Debt : Manish Banthia (Managing this Last Last Last Last Since Debt Holdings 75.85 %
fund since Nov, 2009 & overall 5 1/2 yrs 6 Months 1 Year 3 Years 5 Years Inception CPs and CDs 1.41 %
of experience in fixed income dealing & Indian Infoline Investment Services Ltd A1+ 1.41 %
research, new product development & Child Care Study Crisil MIP Blended Index Market (Internal) Index Term Deposits 0.08 %
corporate finance) Past performance may or may not be sustained in future and the same may not necessarily ICICI Bank Ltd 0.08 %
Indicative Investment Horizon: 3-5 yrs provide the basis for comparison with other investment. Peformance of dividend option would Private Corporate Securities 73.21 %
Inception date: 31-08-2001 be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1 Year are Absolute.  
      
Benchmark is Crisil MIP Blended Index and start date - 30-Mar-02 & @Market (Internal) Index      
      !"$
Average AUM: Rs. 33.60 crores is 20% Nifty + 80% Crisil Bond Fund Index. For computation of returns the allotment NAV  '< > ?
? 
      Z[$
NAV (As on 29-Sep-10): Rs. 29.3541 has been taken as Rs. 10.00.  \<\]?   
   ^!^
Expense Ratio : 1.50% Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down.   \ _  _`    {["
(please refer to page no. 73 for further Sundaram Finance Ltd LAA+ 5.18 %
details) 2.00% 1.73% Tata Communications Ltd AAA 4.65 %
1.66%
Options : 1.50% 1.42% Tata Capital Ltd LAA+ 1.77 %
Growth Option 1.00% Pass Through Certificates* 0.003%
Default Option : 0.50% Tata Motors Finance Ltd AA(SO) 0.003%
Growth Option 0.00% Cash, Call, CBLO & Reverse Repo 1.15 %
Application Amount : -0.50% Short Term Debt and other current assets 2.80 %
Rs.5,000/-, additional in multiples of Re.1 -1.00% -0.81% -1.06% Total Net Assets 100.00 %
Min.Addl.Investment : -1.50% -1.38%   `| }
Rs.1000 & in multiples thereof When the Benchmark is up When the Benchmark is down *Please refer to annexure on “Pass Through Certificates Details” for complete details.
Exit load for Redemption / Switch out
:- Lumpsum & SIP / STP / SWP Investment Child Care Plan - Study Crisil MIP Blended index Market (Internal) Index
# ,5 {$ V / 0 '$|
Option Past performance may or may not be sustained in future. Since inception data. Benchmark
Upto 3 Years from allotment - 1% of applicable
NAV, more than 3 Years - Nil is Crisil MIP Blended Index; Start date: 30-Mar-02 & @Market (Internal) Index is 20% Nifty +
80% Crisil Bond Fund Index. For computation of returns the allotment NAV has been taken as AAA and
Min.Redemption Amt. : Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) is based
Rs.1000 AA and Equivalent
on the monthly returns from inception. Average of all positive and negative returns are 29.89%
SIP : taken in to account to calculate ‘When the Benchmark is up and When the Benchmark Equivalent
Monthly : Minimum Rs.1000 + 5 post dated is down’ respectively. 64.99%
cheques for a min of Rs.1000/- each
Quarterly : Minimum Rs. 5000 + 4 post - dated  ,5 {$ V / 0 *#|
cheques of Rs. 5000 each
Other Current Cash, Call, CBLO, Reverse
SWP : Assets 3.55% Repos & Current Assets
Minimum of Rs.500 and multiples of Re1/- Term Deposits 5.02%
<182 days 3.82% 0.10%
STP :
Available (from Study Plan to Gift Plan)
182 days - 1 year 41.52% , $ $  8X>>WX
Total Scheme Scheme Benchmark
SIP Start Benchmark SIP
1-3 years 51.11% Period Amount Market SIP Market
Date Returns
Invested Value Returns Value
0.00% 10.00% 20.00% 30.00% 40.00% 50.00% 60.00% 1 Year SIP 1-Oct-09 12,000 13,261.36 20.07% 12,173.46 2.69%
3 Year SIP 1-Oct-07 36,000 45,481.43 15.79% 40,647.08 8.05%
5 Year SIP 1-Oct-05 60,000 83,233.58 13.05% 73,499.70 8.05%
Since
31-Aug-01 110,000 201,230.55 12.73% NA NA
Inception

Past performance may or may not be sustained in future. Assume Rs. 1000
invested every month. The 1 year, 3 years, 5 years and since inception returns
from SIP are computed on the assumption that SIP installments where received
across the time periods from the start date of SIP. The CAGR is computed
based on IRR since SIP installments are received at different intervals across
the SIP period.
Quantitative Indicators – Debt Component
Average Maturity : 1.37 Years Modified Duration : 1.21 Years Yield To Maturity : 8.55% % Unlisted Bonds : 52.97%
‘ '$ ’ ^ 
Average P/E : 17.78 Average P/BV : 5.17 Average Dividend Yield : 1.11
Annual Portfolio Turnover Std Dev (Annualised) : 7.75%
Ratio : 0.21 times
#
Overall rating in conservative allocation category on 3 & 5 years ratings basis for period ended 30/09/10. 146 & 138 funds were considered for 3 & 5 years ratings respectively.
$
ICICI Prudential Child Care Plan (Study) - In Hybrid Debt Oriented Category (17 schemes considered) for 3 and 5 years periods ending Sep 30, 2010.
@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as
regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

33
Regular Income
ICICI Prudential MIP 25 Investment Objective
? 
(An open ended Income fund. Monthly income is not assured and is subject to the
availability of distributable surplus.)   $   / / 0  ^ {
8XV| # / ' '4

 !& NAV Movement Graph: MIP 25 Vs #Benchmark Portfolio


Debt $$ '# V
 V 

25 Derivatives
^ H# N:4YY V
20 Auto 1.10 %
Bajaj Auto Ltd 0.91 %
15 Mahindra & Mahindra Ltd 0.19 %
Auto Ancillaries 0.36 %
10 Phillips Carbon Black Ltd 0.25 %
Apollo Tyres Ltd 0.11 %
5 Banks 5.62 %
Punjab National Bank Ltd 1.78 %
ICICI Bank Ltd 0.99 %

Aug-08

Aug-09
Aug-06

Aug-07
Aug-04

Aug-05

Sep-10
Dec-07

Dec-08

Dec-09
Dec-04

Dec-05

Dec-06

Apr-09

Apr-10
Apr-08
Apr-06

Apr-07
Apr-04

Equity Apr-05 Axis Bank Ltd 0.84 %


State Bank of India Ltd 0.67 %
Allahabad Bank Ltd 0.66 %
Bank of Baroda Ltd 0.54 %
84% MIP 25 Crisil MIP Blended index Market (Internal) Index ING Vysya Bank Ltd 0.14 %
Cement 0.30 %
Past performance may or may not be sustained in future. Grasim Industries Ltd 0.18 %
11% @ Jai Prakash Associates Ltd 0.06 %
Market (Internal) Index is 25% Nifty + 75% Crisil Bond Fund Index. Benchmark is Crisil Ultratech Cement Ltd 0.05 %
MIP Blended Index. Benchmark Index rebased to the inception NAV of the scheme. Chemicals 0.32 %
5% , $$  X48N V
Performance Record* - Growth option Construction 0.18 %
Ahluwalia Contractors Ltd 0.18 %
Construction Projects 1.02 %
Fund Details 12.00% 7.54% 8.05% 10.60% 7.51% Larsen & Toubro Ltd 1.02 %
10.00% 9.12% 9.50% 7.18% 9.76% 9.56% 9.35% Consumer Non Durables 0.16 %
Fund Managers** : 8.02% Marico Industries Ltd 0.14 %
8.00% 4.44% 7.49% Bajaj Corp Ltd 0.02 %
Equity : Mrinal Singh (Managing this
5.40% 5.67% # X4WX V
fund since Jan, 2010 & overall 7 yrs of 6.00% SJVN Ltd 0.10 %
experience of which 1 year as equity 4.00% ## '$ X4XU V
Engineers India Ltd 0.05 %
analyst) 2.00% Ferrous Metals 0.18 %

Debt : Kuldeepsinh Jagtap (Managing 0.00%


Tata Steel Ltd 0.18 %
Finance 0.65 %
Last Last Last Last Since
this fund since Nov, 2009 & overall 8 yrs 1 Year 3 Years 5 Years
HDFC Ltd 0.65 %
6 Months Inception Industrial Capital Goods 0.37 %
of experience in fixed income & money Bharat Heavy Electricals Ltd 0.31 %
market) MIP 25 Crisil MIP Blended Index Market (Internal) Index ABG Infralogistic Ltd 0.06 %
Industrial Machinery 0.14 %
Indicative Investment Horizon: VA Tech Wabag Ltd 0.14 %
1 yr & above Past performance may or may not be sustained in future and the same may not necessarily Non Ferrous Metals 0.48 %
provide the basis for comparison with other investment. Peformance of dividend option  $ "   V" OY  ;<;{
Inception date: 30-03-2004 would be Net of Dividend distribution tax, if any. 1 Year are CAGR, < 1 Year are Absolute. Hindustan Zinc Ltd 0.18 %
Oil 0.39 %
Average AUM: Rs. 653.78 crores Benchmark is Crisil MIP Blended Index & @Market (Internal) Index is 25% Nifty + 75% Oil & Natural Gas Company Ltd 0.39 %
NAV (As on 29-Sep-10): Crisil Bond Fund Index. For computation of returns the allotment NAV has been taken as Pesticides 0.31 %
Rs. 10.00. United Phosphorus Ltd 0.31 %
Growth option: Rs. 19.2672 Petroleum Products 1.01 %
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Reliance Industries Ltd 1.01 %
Dividend option: Rs. 12.4110 Pharmaceuticals 3.23 %
Dr. Reddys Laboratories Ltd 0.59 %
Expense Ratio : 1.91% 2.50% 1.90% 1.92% Lupin Ltd 0.53 %
2.00% Torrent Pharmaceuticals Ltd 0.51 %
(please refer to page no. 73 for further 1.50% 1.39% Cipla Ltd 0.44 %
details) 1.00% IPCA Laboratories Ltd 0.43 %
Options :
0.50% Sun Pharmaceutical Industries Ltd 0.42 %
0.00% Cadila Healthcare Ltd 0.32 %
Growth / Growth AEP (Regular and -1.00%
-0.50% Power 0.48 %
Tata Power Company Ltd 0.19 %
Appreciation) Dividend (Monthly, -1.50% NHPC Ltd 0.17 %
Quarterly and Half-yearly) -2.00% -1.43% -1.11% -1.79%
Kalpataru Power Transmission Ltd
/"
0.11 %
847W V
Default Option : Infosys Technologies Ltd 1.78 %
When the Benchmark is up When the Benchmark is down Tata Consultancy Services Ltd 0.76 %
Wipro Ltd 0.51 %
Growth MIP 25 Crisil MIP Blended index Market (Internal) Index Oracle Financial Services Software Ltd 0.31 %
Application Amount : Past performance may or may not be sustained in future. Since inception data. Benchmark
Nucleus Software Exports Ltd 0.19 %
HCL Technologies Ltd 0.12 %
Rs.5,000 (plus in multiples of Re.1) is Crisil MIP Blended Index & @Market (Internal) Index is 25% Nifty + 75% Crisil Bond  "+
 $ V" OY  ;;^{
Fund Index. For computation of returns the allotment NAV has been taken as Rs. 10.00. ' '$ X4YW V
Min.Addl.Investment : Calculation of scheme & benchmark returns (positive or negative) is based on the monthly Bharti Airtel Ltd 0.55 %
Idea Cellular Ltd 0.25 %
Rs.500/- & in multiples thereof returns from inception. Average of all positive and negative returns are taken in to account '> ^ 9 ''$$$ X4NU V
to calculate ‘When the Benchmark is up and When the Benchmark is down’ respectively. HCL Infosystems Ltd 0.25 %
Exit load for Redemption / Switch & %$?$
out :- Lumpsum & SIP / STP / SWP Nifty - Futures 3.66 %
 ,5 {$ V / 0 *#$| Debt Holdings 72.03 %
Investment Option Treasury Bills 2.02 %
3-5 years 2.71%  '$ N4:Y V
Upto 15 Months from allotment - 1% of 7.47 % GOI 2012 SOV 2.48 %
Other Current 4.11% CPs and CDs 21.62 %
applicable NAV, more than 15 Months - Assets  Canara Bank Ltd P1+ 16.85 %
Nil 182 days - 1 year 10.69% Bank of India Ltd P1+ 2.56 %
IDBI Bank Ltd A1+ 1.33 %
Min.Redemption Amt. : Punjab National Bank Ltd PR1+ 0.88 %
1-3 years 38.66% Term Deposits 11.05 %
Rs.500 and in multiples of Re.1/-  Yes Bank Ltd 6.20 %
<182 days 43.83%  ICICI Bank Ltd 4.85 %
SIP : ,  '$ 8N4[Y V
Monthly: Minimum Rs. 1,000/- plus 5 0.00% 10.00% 20.00% 30.00% 40.00% 50.00%  Sundaram Finance Ltd AA+ 5.49 %
post dated cheques for a minimum of  Small Industries Development
, $ $  8X>>WX Bank Of India AAA 5.45 %
Rs. 1,000/- each; Quarterly: Minimum Kotak Mahindra Prime Ltd AA 4.43 %
Total Scheme Scheme Benchmark SREI Equipment Finance Ltd AA 3.48 %
Rs. 5,000/- plus 4 post dated cheques of Benchmark
Period SIP Start Date Amount Market SIP Market HDFC Ltd AAA 3.46 %
Rs. 5,000/- each. SIP Returns LIC Housing Finance Ltd AAA 3.43 %
Invested Value Returns Value Duetsche Postbank Ltd LAA+ 3.40 %
SWP : 1 Year SIP 1-Oct-09 12,000 12,717.68 11.28% 12,173.46 2.69% Steel Authority of India Ltd AAAIND 2.03 %
3 Year SIP 1-Oct-07 36,000 42,785.86 11.55% 40,647.08 8.05% Mahindra & Mahindra
Minimum of Rs.500 and multiples of Re1/- Financial Services Ltd AAIND 1.37 %
5 Year SIP 1-Oct-05 60,000 77,174.26 10.01% 73,499.70 8.05%
STP : Union Bank of India Ltd AA+ 0.14 %
Since ,$$ *#* 5'$= W48Z V
Minimum Amount Rs. 1,000/-; 30-Mar-04 79,000 111,763.45 10.39% 103,675.32 8.14%
Inception  8 =  -Y Y88šV$&O 3<`{
Maximum Period: 10 years : Past performance may or may not be sustained in future. Assume Rs. 1000 invested every
$*2 2 !? 9 $  X47Z V
Other Current Assets 3.09 %
Available month. The 1 year, 3 years, 5 years and since inception returns from SIP are computed Total Net Assets 100.00 %
on the assumption that SIP installments where received across the time periods from the  !' 

start date of SIP. The CAGR is computed based on IRR since SIP installments are received Derivatives are considered at exposure value.
at different intervals across the SIP period. *Please refer to annexure on “Pass Through Certificates Details” for complete details.
Quantitative Indicators – Debt Component
Average Maturity : 1.00 Years Modified Duration : 0.90 Years Yield To Maturity : 7.55% % Unlisted Bonds : 11.23%
‘ '$ ’ ^ 
Average P/E : 22.23 Average P/BV : 5.24 Average Dividend Yield : 1.13 Annual Portfolio Turnover Std Dev (Annualised) : 11.19%
Ratio : 0.15 times

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index bearing a closer correlation to the envisaged portfolio
composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on
scheme performance. **In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

34
Regular Income
@HJ H? ?

 K ? 
ICICI Prudential Monthly Income Plan Medium term investment in a portfolio of debt
 ^ { WUV| # / ' '4
(An open ended fund. Monthly income is not assured and is subject to the availability of distributable surplus.)

 !&
  * {' $ / !'*+ &|. , $ #Benchmark Portfolio
Debt Company/Issuer Sector/Rating % Nav
30
25 Equity Holding 14.51 %
Auto 0.32 %
20 Mahindra & Mahindra Ltd 0.32 %
Auto Ancillaries 0.19 %
15 Balkrishna Industries Ltd 0.19 %
10 Banks 3.98 %
Axis Bank Ltd 0.83 %
5 ICICI Bank Ltd 0.69 %
Punjab National Bank Ltd 0.66 %
Equity Bank of Baroda Ltd 0.61 %

Sep-10
Apr-02

Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09
Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
Federal Bank Ltd 0.54 %
Allahabad Bank Ltd 0.50 %
ING Vysya Bank Ltd 0.15 %
82% Monthly Income Plan Crisil MIP Blended index Construction 0.14 %
Past performance may or may not be sustained in future. Ahluwalia Contractors Ltd 0.14 %
#
13% Benchmark is Crisil MIP Blended Index. Benchmark Index rebased to NAV of the scheme Construction Projects 0.48 %
as on start date of Benchmark Index. Larsen & Toubro Ltd 0.48 %
5% Consumer Non Durables 0.61 %
Performance Record* - Growth Option ITC Ltd 0.61 %
Energy 0.10 %
SJVN Ltd 0.10 %
Fund Details 12.00% Ferrous Metals 0.10 %
Fund Managers** : 10.00% 8.74% 9.79% Tata Steel Ltd 0.10 %
8.05% Finance 0.34 %
Equity : Mrinal Singh (Managing this fund 8.00% 7.11% 7.54% 7.85% 7.18% HDFC Ltd 0.34 %
since Jan, 2010 & overall 7 yrs of 6.00% 4.28% 4.44% Industrial Capital Goods 0.36 %
experience of which 1 year as equity 4.00% Bharat Heavy Electricals Ltd 0.31 %
ABG Infralogistic Ltd 0.05 %
analyst) 2.00% Industrial Machinery 0.15 %
Debt : Kuldeepsinh Jagtap (Managing 0.00% VA Tech Wabag Ltd 0.15 %
this fund since Nov, 2009 & overall 8 yrs Last Last Last Last Since Industrial Products 0.28 %
of experience in fixed income & money 6 Months 1 Year 3 Years 5 Years Inception Cummins India Ltd 0.28 %
Non Ferrous Metals 0.26 %
market) Monthly Income Plan Crisil MIP Blended Index Sterlite Industries (India) Ltd 0.26 %
Indicative Investment Horizon: Oil 0.32 %
1 yr & above Past performance may or may not be sustained in future and the same may not neces- Oil & Natural Gas Company Ltd 0.32 %
sarily provide the basis for comparison with other investment. Peformance of dividend Pesticides 0.49 %
Inception date: 10-11-2000 United Phosphorus Ltd 0.28 %
option would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, Rallis India Ltd 0.22 %
Average AUM: Rs. 629.79 crores < 1 Year are Absolute. Benchmark is Crisil MIP Blended Index. Start date: 30-Mar-02. For Petroleum Products 0.61 %
NAV (As on 29-Sep-10): computation of returns the allotment NAV has been taken as Rs. 10.00. Reliance Industries Ltd 0.61 %
Growth option : Rs. 25.1845 Pharmaceuticals 1.36 %
Dividend option : Rs. 11.6299 Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Cadila Healthcare Ltd 0.50 %
Dr. Reddys Laboratories Ltd 0.33 %
Expense Ratio : 1.94% 2.00% Sun Pharmaceutical Industries Ltd 0.31 %
(please refer to page no. 73 for further 1.41% 1.44% Torrent Pharmaceuticals Ltd 0.22 %
1.50%
details) Power 0.87 %
1.00% Tata Power Company Ltd 0.36 %
Options : 0.50% NHPC Ltd 0.29 %
1. Growth National Thermal Power Corporation Ltd 0.22 %
2. AEP (Appreciation & Regular) 0.00%
Software 2.93 %
3. Dividend (Monthly, Quarterly & Half Yearly) -0.50% Infosys Technologies Ltd 1.27 %
Default Option : -1.00% Tata Consultancy Services Ltd 0.82 %
-0.78% -1.03% Wipro Ltd 0.52 %
Growth -1.50% Oracle Financial Services Software Ltd 0.24 %
Application Amount : When the Benchmark is up When the Benchmark is down Infinite Computer Solutions (India) Ltd 0.08 %
a) Growth : Rs.5,000 Telecom Services 0.51 %
b) Dividend & AEP : Rs.25,000 (plus multiples Monthly Income Plan Crisil MIP Blended index Bharti Airtel Ltd 0.51 %
of Re.1) Past performance may or may not be sustained in future. Since inception data. Benchmark Telecom-Equipment & Accessories 0.09 %
Min.Addl.Investment : is Crisil MIP Blended Index. Start date: 30-Mar-02. For computation of returns the allotment HCL Infosystems Ltd 0.09 %
Rs.500/- & in multiples thereof under each option NAV has been taken as Rs. 10.00. Calculation of scheme & benchmark returns (positive Debt Holdings 81.12 %
or negative) is based on the monthly returns from inception. Average of all positive and CPs and CDs 27.74 %
Exit load for Redemption / Switch out negative returns are taken in to account to calculate ‘When the Benchmark is up and When  Oriental Bank of Commerce Ltd P1+ 9.02 %
:- Lumpsum & SIP / STP / SWP Investment the Benchmark is down’ respectively.  IDBI Bank Ltd A1+ 7.50 %
Option  Punjab National Bank Ltd PR1+ 3.86 %
Upto 1 Year from allotment - 1% of applicable  ,5 {$ V / 0 *#| State Bank of Patiala Ltd A1+ 3.59 %
NAV, more than 1 Year - Nil Bank of India Ltd P1+ 2.87 %
Canara Bank Ltd P1+ 0.90 %
Min.Redemption Amt. : 3-5 years 4.60% Term Deposits 5.54 %
Rs.500 and in multiples of Re.1/- ICICI Bank Ltd 3.14 %
Other Current 5.11% Yes Bank Ltd 2.39 %
SIP : Assets
Dividen & AEP Option - Monthly & Growth Private Corporate Securities 40.56 %
(without AEP) Option: Monthly: Minimum 182 days - 1 year 19.29%  SREI Equipment Finance Ltd AA 8.24 %
Rs. 1,000/- plus 5 post dated cheques for a  Small Industries Development Bank Of India AAA 6.15 %
minimum of 1-3 years 27.78% Sundaram Finance Ltd AA+ 3.86 %
Rs. 1,000/- each; Quarterly: Minimum Rs. 5,000/- LIC Housing Finance Ltd AAA 3.86 %
plus 4 post dated cheques of Rs. 5,000/- each. <182 days 43.23% National Housing Bank Ltd AAA 3.85 %
Duetsche Postbank Ltd LAA+ 3.82 %
SWP : Kotak Mahindra Prime Ltd LAA 3.06 %
Minimum of Rs.500 and multiples of Re1/- 0.00% 10.00% 20.00% 30.00% 40.00% 50.00%
Reliance Capital Ltd AAA 2.29 %
STP : Steel Authority of India Ltd AAAIND 2.29 %
Available , $ $  8X>>WX Reliance Gas Transportation Ltd AAA 1.64 %
Total Amount Scheme Scheme SIP Benchmark Benchmark HDFC Ltd AAA 1.34 %
Period SIP Start Date Rural Electrification Corporation Ltd AAA 0.15 %
Invested Market Value Returns Market Value SIP Returns
1 Year SIP 1-Oct-09 12,000 12,536.41 8.40% 12,173.46 2.69% Export Import Bank of India Ltd AAA 0.02 %
3 Year SIP 1-Oct-07 36,000 41,457.48 9.39% 40,647.08 8.05% Pass Through Certificates* 2.80 %
Aditya Birla Nuvo Ltd LAA+(SO) 2.34 %
5 Year SIP 1-Oct-05 60,000 74,760.67 8.73% 73,499.70 8.05% DLF Ltd AA (SO) 0.47 %
Since Cash, Call, CBLO & Reverse Repo 4.48 %
10-Nov-00 119,000 190,790.95 9.21% NA NA
Inception Other Current Assets 4.37 %
Past performance may or may not be sustained in future. Assume Rs. 1000 invested every Total Net Assets 100.00 %
month. The 1 year, 3 years, 5 years and since inception returns from SIP are computed
on the assumption that SIP installments where received across the time periods from   `| }
*Please refer to annexure on “Pass Through Certificates Details” for complete details.
the start date of SIP. The CAGR is computed based on IRR since SIP installments are
received at different intervals across the SIP period.
Quantitative Indicators – Debt Component
Average Maturity : 0.99 Years Modified Duration : 0.89 Years Yield To Maturity : 7.77% % Unlisted Bonds : 15.72%
‘ '$ ’ ^ 
Average P/E : 22.99 Average P/BV : 5.12 Average Dividend Yield : 1.26 Annual Portfolio Turnover Std Dev (Annualised) : 8.97%
Ratio : 0.13 times
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

35
 ,  $ '$ %
(A Close Ended debt Fund. The scheme will not be directly owning or holding real estate properties.)

 !& Performance Record* - Growth Option Portfolio


Debt Company/Issuer Rating % Nav
Maturity 12.00% 11.06%
Short Inter Long Volatility 10.00% ^ H# W4NX V
Low
8.00% 5.29% 7.23% 7.68%
5.75% Construction 0.64 %
6.00% 4.24%
Medium 4.00% 3.64% Peninsula Land Ltd 0.32 %
1.97%
2.00%
High 0.00% Ahluwalia Contractors Ltd 0.21 %
-2.00% Last Last Since
6 Months 1 Year Inception Mahindra Lifespace Developers Ltd 0.11 %
-4.00%
Equity -6.00% -3.63% Industrial Products 0.56 %
Real Estate Benchmark Market (Internal) Index
Style
Value Blend Growth Size Kirloskar Industries Ltd 0.56 %
Large 0%
Past performance may or may not be sustained in future and the same may not necessarily Debt Holdings 89.28 %
provide the basis for comparison with other investment. Peformance of dividend option
Mid 0% CPs and CDs 17.10 %
would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1
Year are Absolute. Benchmark is Crisil MIP Blended Index & @Market (Internal) Index is ~ ECL Finance Ltd A1+ 10.67 %
Small 100%
25% BSE Real Estate + 10% Nifty + 65% Crisil Bond Fund Index. For computation of
returns the allotment NAV has been taken as Rs. 10.00. State Bank of Patiala Ltd A1+ 3.35 %
Analysis of Avg. Monthly Returns when Benchmark is up & Benchmark is down. Cholamandalam DBS Finance Ltd A1+ 3.05 %
Fund Details
8.00% 3.69% Reliance Capital Ltd A1+ 0.03 %
Fund Managers** : 6.00%
Equity : Munzal Shah (Managing this fund 4.00% Term Deposits 1.47 %
since inception & over 8 yrs of experience 2.00% 1.14% 1.59%
as equity research analyst in mid-cap ICICI Bank Ltd 1.47 %
0.00%
space) -2.00% -0.95% ,  '$ :U4Z8 V
-4.00% -1.21%
Debt : Chaitanya Pande (Managing this
-6.00% ~ CitiFinancial Consumer Finance India Ltd AAA 22.54 %
fund since inception & over 14 yrs of fund -5.86%
-8.00%
management experience) When the Benchmark is up When the Benchmark is down ~ Shriram Transport Finance Company Ltd AAIND 14.10 %
Indicative Investment Horizon: ~ Kotak Mahindra Prime Ltd AAA 9.29 %
3 yr & above Real Estate Securities Fund Crisil MIP Blended index Market (Internal) Index
Inception date: 31-12-2007 Past performance may or may not be sustained in future. Since inception data. Benchmark ,$$ *#* 5'$= N84Z[ V
@
is Crisil MIP Blended Index & Market (Internal) Index is 25% BSE Real Estate + 10% Nifty
Average AUM: Rs. 322.28 crores + 65% Crisil Bond Fund Index. For computation of returns the allotment NAV has been ~ 6YQY 88V$&O :<`B{
NAV (As on 29-Sep-10): taken as Rs. 10.00. Calculation of scheme & benchmark returns (positive or negative) is $*2 2 !? 9 $  X4YN V
Growth option : Rs. 11.0337 based on the monthly returns from inception. Average of all positive and negative returns
Dividend option : Rs. 11.0337 are taken in to account to calculate ‘When the Benchmark is up and When the Benchmark Other Current Assets 9.52 %
Institutional Growth is down’ respectively.
Total Net Assets 100.00 %
Option : Rs. 11.2061  ,5 {$ V / 0 *#| ~ )Q
Expense Ratio : 1.50% *Please refer to annexure on “Pass Through Certificates Details” for complete details.
Institutional Option : 0.95%
(please refer to page no. 73 for further Other Current
details) Assets 9.63%

<182 days 90.37%

0.00% 20.00% 40.00% 60.00% 80.00% 100.00%


# ,5. {$ V / 0 H#|

Cash, Call, CBLO, Reverse


Repos & Current Assets
Term Deposits 10.46%
1.49% AAA and
Equivalent
49.53%

AA and
Equivalent
38.53%

Quantitative Indicators – Debt Component


Average Maturity : 0.19 Years Modified Duration : 0.18 Years Yield To Maturity : 7.50% % Unlisted : 45.93%
‘ '$ ’ ^ 
Average P/E : 7.52 Average P/BV : 2.19 Average Dividend Yield : 1.16 Annual Portfolio Turnover Std Dev (Annualised) : 6.48%
Ratio : 0.11 times

@
The objective of including the ‘market(internal) index’ in the performance depicted is to enable a sharper comparison of actual performance of the scheme with an index
bearing a closer correlation to the envisaged portfolio composition as defined in the Scheme Information Document of the scheme. The benchmark index is also provided as
regulatorily required. This is an initiative to enable the investor to arrive at a more informed judgement on scheme performance.
**In addition to the fund manager managing this fund, the ADR/GDR exposure is managed by Mr. Rajat Chandak to extent of ADR/GDR exposure only.

36
#$ ?

 , " , @HJ H? ?

 K
Medium term investment for relatively steady returns with market volatility
{  ?  ^ ' %|
#
Morningstar: 
Past Performance is no guarantee of future results. Rating by Morningstar is for Cash - Growth option. For detailed methodology, pls. refer page no. 73

 !& Performance* Record - Growth Option Portfolio


Company/Issuer Rating % Nav
7.00% 5.93% 6.25%
6.01% 5.85% 5.58% 6.11% 5.73% $*2 2 !? 9 $  99.35 %
6.00% 4.40% 5.09%
4.66% 4.81% 5.01%
5.00% 4.12% 4.01% Other Current Assets 0.65 %
4.05%
4.00% 3.63% 3.20%
3.00% Total Net Assets 100.00 %
2.00%
1.00%
0.00%
Last Last Last Last Last Last Last Last Since
7 Days 15 Days 30 Days 3 Months 6 Months 1 Year 3 Years 5 Years Inception

Sweep Crisil Liquid Fund Index

Past performance may or may not be sustained in future and the same may not necessarily
provide the basis for comparison with other investment. Peformance of dividend option
would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year
: CAGR. Benchmark is Crisil Liquid Fund Index. Start date - 30-Mar-02. For computation
of returns the allotment NAV has been taken as Rs. 10.00.
Fund Details  ,5 # ,5

Fund Managers :
Other Current 0.65%
Devang Shah (Managing this fund Assets
since Nov, 2009 & overall 5 yrs of expe-
rience in fixed income credit analysis, Cash, Call, CBLO, Reverse
new product launches operations & Repos & Current Assets
management advisory services) 100.00%
<182 days 99.35%
Indicative Investment Horizon:
One day to one week
0.00% 20.00% 40.00% 60.00% 80.00% 100.00%120.00%
Inception date:
Growth Option: 06-03-2002 Quantitative Indicators
Growth Cash Option: 09-03-2006 Average Maturity : 1.00 Days Modified Duration : 0.00 Days Yield To Maturity : 6.04% % Floating Rate Assets : 100.00%
Average AUM: Rs. 1.66 crores
NAV (As on 30-Sep-10): Average days to reset : 1.00 Days Average maturity of fixed rate % Unlisted Bonds : 0.00% Std Dev (Annualised) : 0.22%
component : 0.00 Days
Growth option : Rs. 153.1193
Cash Option Growth: Rs. 131.9127
#
Expense Ratio : Overall rating in liquid category on 3 & 5 years rating basis for period ended 30/09/10. 251 & 178 funds considered for 3 & 5 years ratings
Growth option: 1.00%
Cash Option Growth: 0.20%
(please refer to page no. 73 for further
details)
$ 
0$    * %' * 14. The Std. Dev., Sharpe Ratio, Portfolio Beta & R-squared are based
Options : on monthly returns calculated using last 3 years data.
1. Yield to maturity, modified duration and average maturity
Sweep Plan - Growth are the weighted average of these numbers, computed 15. The Avg. Monthly Returns in Various Market Conditions have been
Cash Option - Growth & Dividend (Daily, for each security in the portfolio, and weighted by the
Weekly, Fortnightly & Monthly) calculated by taking absolute month-on-month fund & benchmark
market value of each security to the total market value of
Default Option : the portfolio. returns. These returns are bucketed into two scenarios - “when
benchmark is up” & “when benchmark is down” and then an avg.
Growth 2. Average maturity for PTCs are weighted averages of tenor
of these respective scenario returns is taken.
Application Amount : and quantity of cash flows until maturity.
Rs.5,000 (plus in multiples of Re.1) 3. Price/Earning Ratio, Price/Book Value Ratio, and Dividend 5$ / $  ' #$
Exit Load : Nil. Yield are based on the historical earnings and accounting
SIP : Not Available numbers, and have been computed only for the invested ` {H#*$ />H#*$  ‘|
SWP : Not Available portion of the portfolio. Denotes the lowest expectation of credit risk. They are assigned
STP : 4. Average days to reset for the Floating rate plan, is the only in case of exceptionally strong capacity for payment of financial
Minimum Amount Rs. 1,000/-; weighted average of the next interest reset date of the commitments. Any adverse changes in circumstances are most
Maximum Period: 10 years : floating rate bonds, weighted by their market values. unlikely to affect the payments on the instrument
Available
8. Dividends declared in a scheme have been separately
` {H#* />  H#*  ‘|
disclosed.
Denote expectations of very low credit risk. They indicate very
9. For computing the % of listed securities, instruments
which cannot be listed under the existing rules and strong capacity for payment of financial commitments. They differ
regulations such as CPs, CDs, CBLOs, Bank FDs, T Bills, only marginally in safety from `AAA’ issues.
and PTCs are excluded from the unlisted category.
` { ^ /> H#*  ‘|
10. The standard deviation is used to measure the volatility
of returns. Denotes expectations of low credit risk. The capacity for payment
of financial commitments is considered strong. This capacity may,
11. Sharpe Ratio is the measure of the risk-adjusted
performance. It is calculated by subtracting the risk-free nevertheless, be more vulnerable to changes in circumstances or
rate from the average rate of return for a portfolio and in economic conditions than is the case for higher ratings.
dividing the result by the standard deviation of the portfolio
returns. ` ,W”%W” W” {H#*$  ‘ / * * 
$$|4
12. Beta is the measure of the portfolio’s volatility to its
respective benchmark. Rating by CRIISL/FITCH/ICRA in that order. Indicates the strongest
capacity for timely payment of financial commitments; may have
13. R-squared is a measurement of how closely a portfolio’s
performance correlates with the performance of an added “+” to denote relatively stronger credit quality.
benchmark index. A higher R-squared value indicates a
` $/5& / •{?|– '$ $$ "* $' 0#4
more useful beta.

37
#$ ?

 , ^ , @HJ H? ?

 K
Medium term investment for relatively steady returns with market volatility
{  ?  ^ ' %|
#
Morningstar:  $
Value Research :  Crisil AAAf
Past Performance is no guarantee of future results. Rating by Morningstar is for Super Institutional Growth. For detailed methodologies, pls. refer page no. 73

Award
  * {' $ / !'*+ &|. ^ ,> "* $ #Benchmark Portfolio
Company/Issuer Rating % Nav
25
Treasury Bills 3.07 %
20
CPs and CDs 87.32 %
15 Punjab National Bank Ltd PR1+ 18.44 %
10 Allahabad Bank Ltd A1+ 13.15 %
5 Canara Bank Ltd P1+ 10.82 %
HDFC Bank Ltd A1+ 6.63 %

Sep-10
Apr-02

Apr-03

Apr-04

Apr-05

Apr-06

Apr-07

Apr-08

Apr-09

Apr-10
Oct-02

Oct-03

Oct-04

Oct-05

Oct-06

Oct-07

Oct-08

Oct-09
Central Bank of India Ltd PR1+ 6.27 %
Axis Bank Ltd P1+ 4.82 %
CNBC - TV 18 Liquid Plan Crisil Liquid Fund Index UCO Bank Ltd P1+ 4.59 %
CRISIL Mutual Fund Awards 2010
Category - Liquid Fund Past performance may or may not be sustained in future. Bank of Baroda Ltd P1+ 3.70 %
#
Considered 4 quarterly CRISIL CPR rankings released Benchmark is Crisil Liquid Fund Index. Benchmark Index rebased to NAV of the scheme Reliance Capital Ltd A1+ 3.03 %
during CY09 out of 24 schemes. as on start date of Benchmark Index.
Past Performance is no guarantee of future results. IDBI Bank Ltd A1+ 2.42 %
For detailed methodology please refer page no. 73. Performance Record *- Growth Option
Kotak Mahindra Bank Ltd A1+ 1.82 %
 !&
Corporation Bank Ltd P1+ 1.79 %
8.00% 6.37% 6.93%
7.00% 5.93% Oriental Bank of Commerce Ltd P1+ 1.69 %
6.01% 5.85% 6.05% 6.11% 6.25%
6.00% 5.38% 5.20% 5.58% 4.81%
5.00%
4.90% 4.78% 4.52% 4.05% Federal Bank Ltd P1+ 1.61 %
3.92%
4.00% Union Bank of India Ltd P1+ 1.45 %
3.00%
2.00%
Tata Capital Ltd A1+ 1.43 %
1.00% Bank of Maharashtra Ltd A1+ 1.20 %
0.00%
Last Last Last Last Last Last Last Last Since Andhra Bank Ltd PR1+ 0.62 %
Fund Details 7 Days 15 Days 30 Days 3 Months 6 Months 1 Year 3 Years 5 Years Inception United Bank Of India Ltd A1+ 0.61 %
Fund Managers : Liquid Plan Crisil Liquid Fund Index State Bank Of Mysore Ltd A1+ 0.60 %
Chaitanya Pande (Managing this fund since Dena Bank Ltd P1+ 0.60 %
Oct., 2005 & over 14 yrs of fund manage- Past performance may or may not be sustained in future and the same may not necessarily
ment experience) provide the basis for comparison with other investment. Peformance of dividend option Indian Overseas Bank Ltd PR1+ 0.06 %
Indicative Investment Horizon: would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year ,  '$ 1.26 %
Upto 1month : CAGR. Benchmark is Crisil Liquid Fund Index. Start date - 30-Mar-02. For computation
Inception date: of returns the allotment NAV has been taken as Rs. 10.00. HDFC Ltd AAA 0.57 %
Growth Option: 24-06-1998 Hero Honda Finlease Ltd P1+ 0.49 %
Institutional Option: 03-04-2003  ,5
Institutional Plus Option: 28-09-2003 Shriram Transport Finance Company Ltd AAIND 0.18 %
Super Institutional Option: 17-11-2005
Tata Capital Ltd LAA+ 0.02 %
Average AUM: Rs. 9,739.53 crores
NAV (As on 30-Sep-10): ,$$ *#* 5'$= 2.13 %
Growth option : Rs. 227.6839 Other Current Assets 4.43% Vodafone Essar Ltd 13šV$&O 2.13 %
Institutional Growth $*2 2 !? 9 $  1.79 %
option : Rs. 232.1643
Institutional Plus Other Current Assets 4.43 %
Growth option : Rs. 233.6409
Super Institutional <182 days 95.57% Total Net Assets 100.00 %
Growth option : Rs. 139.6762
Institutional option-I 1    * #1 ) +   6  % 

Growth option: Rs. 136.4212 details.
Expense Ratio : Growth option : 0.90% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00%
Inst. option :0.55%
Inst. Plus option :0.50%
Super Inst. option : 0.15%
Inst. - I option : 0.30%
(please refer to page no. 73 for further
details) # ,5
Options :
1). Retail (Growth & Dividend Option)
a) Dividend payout:
Quarterly & Half Yearly
b) Div. Reinvestment: Daily, Weekly, Sovereign
Monthly, Quarterly & Half Yearly Securities
2). Institutional Option: (Growth & 3.07%
Dividend - Daily, Weekly, Monthly, Quarterly
& Half Yearly)
3). Institutional Plus Option: (Growth & Cash, Call, CBLO, Reverse
Dividend - Daily, Weekly, Monthly, Quarterly AAA and Repos & Current Assets
& Half Yearly) Equivalent 6.22%
4)Super Institutional Option: (Growth & 90.50%
Dividend - Daily, Weekly, Monthly, Quarterly AA and
& Half Yearly) Equivalent
5) Institutional Option I: (Growth)
0.21%
Default Option :
Growth, Dividend: Dividend reinvestment with
minimum available frequency. , Institutional
option / Super Institutional option, so long
as investment criteria (minimum application
amount) and other mandatory requirements,
if any, are fulfilled.
Application Amount :
a) Retail : Rs.5,000/-
b) Institutional option : Rs.25 lac
c) Institutional Plus option : Rs. 1 Cr
d) Super Institutional : Rs.5 Cr
e) Institutional Option I : Rs. 1 lac (plus in Quantitative Indicators
multiples of Re.1)
Min.Addl.Investment : Average Maturity : 45.29 Days Modified Duration : 42.95 Yield To Maturity : 6.17% % Floating Rate Assets : 4.60%
a) Growth option : Rs.5,000/- Days
b) Institutional option : Rs.1 lac
c) Institutional Plus option : Rs.1 lac
d) Super Institutional (Growth option) : Rs. Average days to reset : 45.29 Days Average maturity of fixed rate % Unlisted Bonds : 0.49% Std Dev (Annualised) : 0.23%
1 lac component : 43.91 Days
e) Institutional option I : Rs. 10,000 (plus in
multiples of Re. 1)
Exit load for Redemption / Switch out :- #
Overall rating in liquid category on 3, 5 & 10 years rating basis for period ended 30/09/10. 251, 178 & 33 funds considered for 3, 5 & 10 years rating
Lumpsum & SIP / STP / SWP Investment $
ICICI Prudential Liquid Plan - In Debt Ultra Short Term Insti Category (47 schemes considered) for 18 months periods ending Sep 30, 2010
Option: Nil
Min.Redemption Amt. : Rs.500
SIP : N.A.
SWP : N.A. Crisil reserves the right to suspend, withdraw or revise the ratings assigned to the captioned fund at any time, on the basis of new information, or unavailability of
STP : Minimum Amount Rs. 1,000/-; information or other circumstances which CRISIL believes may have an impact on the rating. For detail Crisil Disclaimer please refer page no. 73.
Maximum Period: 10 years : Available,

38
#$ ?

 , %&0 ' , @HJ H? ?

 K
Medium term investment for relatively steady returns with market volatility
{  ?  ' %|
#
Morningstar:  $
Value Research :  Crisil AAAf
Past Performance is no guarantee of future results. Rating by Morningstar is for Premium Growth & Premium Weekly dividend options. For detailed methodologies, pls. refer page no. 73

 !&
  *. %&0 ' , , ?> "* $ #Benchmark Portfolio
Company/Issuer Rating % Nav
20
18 Treasury Bills 0.29 %
16
14 CPs and CDs 94.05 %
12 Canara Bank Ltd P1+ 16.47 %
10
8 IDBI Bank Ltd A1+ 15.36 %
6
4 Punjab National Bank Ltd PR1+ 10.93 %
2
UCO Bank Ltd P1+ 6.63 %
Sep-02

Sep-03

Sep-04

Sep-05

Sep-06

Sep-07

Sep-08

Sep-09

Sep-10
Central Bank of India Ltd PR1+ 5.37 %
Mar-03

Mar-04

Mar-05

Mar-06

Mar-07

Mar-08

Mar-09

Mar-10
Axis Bank Ltd P1+ 4.30 %
Bank of India Ltd P1+ 3.81 %
Flexible Income Plan Crisil Liquid Fund Index
Union Bank of India Ltd A1+ 3.79 %
Past performance may or may not be sustained in future. Oriental Bank of Commerce Ltd P1+ 3.33 %
#
Benchmark is Crisil Liquid Fund Index. Benchmark Index rebased to the inception NAV
of the scheme. Bank of Baroda Ltd P1+ 2.69 %
Allahabad Bank Ltd P1+ 2.51 %
Performance Record *- Premium Option Growth Corporation Bank Ltd P1+ 2.31 %
Andhra Bank Ltd PR1+ 2.05 %
Fund Details 8.00% 7.12% 6.95% 7.30%
7.00% Indian Bank Ltd F1+ 1.59 %
Fund Managers : 6.11% 6.25% 5.59%
6.00% 5.14% Punjab & Sindh Bank Ltd A1+ 1.48 %
Chaitanya Pande 5.00%
4.00% 4.05% State Bank of India Ltd P1+ 1.39 %
(Managing this fund since April, 2008
& over 14 yrs of fund management 3.00% 2.76% 2.41% Dena Bank Ltd P1+ 1.29 %
2.00% ECL Finance Ltd P1+ 1.24 %
experience) 1.00%
Indicative Investment Horizon: 0.00% Kotak Mahindra Prime Ltd P1+ 0.85 %
1month & above Last Last Last Last Since Birla Global Finance Ltd A1+ 0.72 %
6 Months 1 Year 3 Years 5 Years Inception
Inception date: 27-09-2002 State Bank of Patiala Ltd P1+ 0.67 %
Average AUM: Rs. 20,980.56 crores Flexible Income Plan Crisil Liquid Fund Index ING Vysya Bank Ltd P1+ 0.63 %
NAV (As on 29-Sep-10): Past performance may or may not be sustained in future and the same may not necessarily Kotak Mahindra Bank Ltd A1+ 0.58 %
Premium Option (Growth) : Rs. 175.9365 provide the basis for comparison with other investment. Peformance of dividend option IL&FS Financial Services Ltd A1+ 0.58 %
Regular Option (Growth) : Rs. 107.2885 would be Net of Dividend distribution tax, if any. *Returns < 1Year : Absolute, > = 1Year $="7 Q  YV  7)QYO P1+ 0.58 %
Expense Ratio : : CAGR. Benchmark is Crisil Liquid Fund Index. Start date - 30-Mar-02. For computation Reliance Capital Ltd A1+ 0.58 %
Regular Option: 0.85% of returns the allotment NAV has been taken as Rs. 10.00. HDFC Ltd A1+ 0.44 %
Premium Option: 0.20% Yes Bank Ltd A1+ 0.43 %
(please refer to page no. 73 for further  ,5
details) HDFC Bank Ltd A1+ 0.34 %
United Bank Of India Ltd A1+ 0.29 %
Options :
1. Premium Option (Sub options: Growth, Indian Overseas Bank Ltd PR1+ 0.15 %
Other Current Assets -0.98%
Dividend Reinvestment with daily & weekly Securities Trading Corporation Of India Ltd P1+ 0.14 %
frequencies & Dividend Payout with weekly Jammu & Kashmir Bank Ltd P1+ 0.14 %
frequency) 1-3 years 2.74% Tata Capital Ltd A1+ 0.12 %
2. Regular Option (Sub options: Growth &
Dividend Reinvestment) Utkal Alumina International Ltd PR1+ 0.12 %
3. Institutional Option I (Growth) Federal Bank Ltd P1+ 0.09 %
<182 days 98.24%
w.e.f. March 05, 2009, for investments Cholamandalam DBS Finance Ltd A1+ 0.09 %
made under Dividend payout sub-option, if
the amount of Dividend payout per folio is -20.00% 0.00% 20.00% 40.00% 60.00% 80.00% 100.00% 120.00% ,  '$ 4.06 %
less than Rs. 1 Lac, then the Dividend shall K. Raheja Corp Ltd UNRATED 1.49 %
be mandatorily reinvested. Solaris Holdings Ltd UNRATED 1.17 %
Default Option : Reliance Capital Ltd AAA 0.88 %
Growth, Dividend Reinvestment with Kesoram Industries Ltd PR1+ 0.44 %
minimum available frequency # ,5
Shriram Transport Finance Company Ltd AAIND 0.03 %
Application Amount : Tata Capital Ltd LAA+ 0.02 %
Premium option: Rs.1 cr (plus in multiples
of Re. 1) Power Finance Corporation Ltd AAA 0.01 %
AAA and
Regular option: Rs. 5,000 and in multipes of Equivalent Mahindra & Mahindra Ltd AA 0.01 %
Re.1/- thereafter. 96.66% Unrated >   +  Y AAA 0.004 %
Institutional option I: Rs.1 lac & in multiples 2.66% CitiFinancial Consumer Finance India Ltd AAA 0.003 %
of Re.1/-
Cash, Call, CBLO, Reverse ,$$ *#* 5'$= 1.27 %
Min.Addl.Investment : Repos & Current Assets
Premium option: Rs.1000 (plus in multiples Tata Motors Finance Ltd 888V$&O 0.64 %
AA and 0.33%
of Re. 1) Reliance Capital Ltd AAA 0.63 %
Regular Option: Rs.1,000 and in multipes of Equivalent
0.06%
Tata Motors Finance Ltd 88V$&O 0.001 %
Re.1/- thereafter. Sovereign
Securities $*2 2 !? 9 $  1.32 %
Institutional option I: Rs.10,000 & in
multiples of Re.1/- 0.29% Other Current Assets -0.98 %
Exit load for Redemption / Switch out :- Total Net Assets 100.00 %
Lumpsum & SIP / STP / SWP Investment *Please refer to annexure on “Pass Through Certificates Details” for complete details.
Option
Nil
Min.Redemption Amt. :
“Premium: Rs.1000/-
Regular: Rs.1000/-”
SIP :
Monthly: Minimum Rs.1,000 + 5 post -
dated cheques for a minimum of Rs.1,000
each
Quarterly: Minimum Rs. 5000 + 4 post -
dated cheques of Rs. 5000 each.
SWP :
Minimum of Rs.500 and multiples of Re1/- Quantitative Indicators
STP : Average Maturity : 91.07 Modified Duration : 90.31 Yield To Maturity : 6.72% % Unlisted Bonds : 3.14% Std Dev (Annualised):
Minimum Amount Rs. 1,000/-; Days Days 0.57%
Maximum Period: 10 years : #
Available Overall rating in ultrashort bond category on 3 & 5 year ratings basis for period ended 30/09/10. 205 & 71 funds were considered for 3 & 5 year ratings respectively.
$
ICICI Prudential Flexible Income Plan Premium - In Debt Liquid Plus Insti Category (36 schemes considered) for 18 months and 3 years periods ending Sep 30, 2010
Crisil reserves the right to suspend, withdraw or revise the ratings assigned to the captioned fund at any time, on the basis of new information, or unavailability of
information or other circumstances which CRISIL believes may have an impact on the rating. For detail Crisil Disclaimer please refer page no. 73.

39
#$ ?

ICICI Prudential Floating Rate Plan @HJ H? ?

 K
Medium term investment for relatively steady returns with market volatility
{  ?  ' %|
#
Morningstar:  Crisil AAAf
Past Performance is no guarantee of future results. Rating by Morningstar is for Plan B Growth. For detailed methodologies, pls. refer page no. 73

 !& NAV Movement Graph: Floating Rate Plan B-Growth Vs #Benchmark Portfolio
Company/Issuer Rating % Nav
18
16 CPs and CDs 65.41 %
14
12 State Bank of Patiala Ltd P1+ 23.30 %
10
8 ING Vysya Bank Ltd P1+ 16.59 %
6
4 State Bank Of Mysore Ltd A1+ 13.51 %
2
Andhra Bank Ltd PR1+ 3.98 %
Mar-03

Mar-04

Mar-05

Mar-06

Mar-07

Mar-08

Mar-09

Mar-10
Sep-03

Sep-04

Sep-05

Sep-06

Sep-07

Sep-08

Sep-09

Sep-10
Reliance Capital Ltd A1+ 3.33 %
Floating Rate Plan Crisil Liquid Fund Index Tata Capital Ltd A1+ 3.30 %
Past performance may or may not be sustained in future. Indian Bank Ltd F1+ 1.33 %
#
Benchmark is Crisil Liquid Fund Index. Benchmark Index rebased to the inception NAV
of the scheme. Indian Infoline Investment Services Ltd A1+ 0.06 %
Performance Record *- Growth Option – Plan B Term Deposits 24.71 %

Fund Details 8.00% Canara Bank Ltd 13.35 %


6.41% 6.71%
7.00% 5.93% 6.01% 5.85% 6.25% 6.16%
Fund Managers : 5.14% 5.58% 4.81% 6.11%
5.61% Central Bank of India Ltd 11.35 %
6.00% 5.14% 5.18% 5.03% 4.88% 4.26%
Chaitanya Pande 5.00% 4.05% ,$$ *#* 5'$= 5.35 %
(Managing this fund since Oct., 2005 & 4.00%
over 14 yrs of fund management 3.00%
2.00% Tata Motors Finance Ltd 888V$&O 3.66 %
experience) 1.00%
Indicative Investment Horizon: 0.00% Tata Motors Ltd 888V$&O 1.68 %
Last Last Last Last Last Last Last Last Since
1 - 3 months
7 Days 15 Days 30 Days 3 Months 6 Months 1 Year 3 Years 5 Years Inception $*2 2 !? 9 $  1.87 %
Inception date: 28-03-2003
Average AUM: Rs. 864.60 crores Floating Rate Plan - Option B Crisil Liquid Fund Index Other Current Assets 2.67 %
NAV (As on 29-Sep-10): Total Net Assets 100.00 %
Past performance may or may not be sustained in future and the same may not necessarily
Plan A - Growth: Rs. 144.9533 provide the basis for comparison with other investment. Peformance of dividend option
Plan B - Growth: Rs. 156.6631 would be Net of Dividend distribution tax, if any. *Returns >= 1 Year are CAGR, < 1 Year *Please refer to annexure on “Pass Through Certificates Details” for complete details.
Plan C - Growth: Rs. 147.7701 are Simple Annualised. Benchmark is Crisil Liquid Fund Index. For computation of returns
Plan D - Growth: Rs. 139.9657 the allotment NAV has been taken as Rs.10.00.
Expense Ratio :  ,5
Plan A - 0.90%, Plan B - 0.70%,
Plan C - 0.55%, Plan D - 0.25%
(please refer to page no. 73 for further
details)
Options : Other Current Assets 2.67%
Plans - A, B, C & D.
1. Growth
182 days - 1 year 15.26%
2. Dividend Reinvestment (Fortnightly,
Weekly & Daily frequencies)
3. Dividend Payout (Investment under Plan <182 days 82.07%
B and Plan-D – if the dividend amount is less
than Rs.1,00,000 or the investment is under 0.00% 20.00% 40.00% 60.00% 80.00% 100.00%
Daily Dividend frequency, then the Dividend
amount will be compulsorily reinvested into
the scheme. Default option will be Dividend
reinvest)
Default Option : # ,5
Option : Plan A
Sub option : Growth
Term Deposits
Application Amount : 24.71%
a) Plan - A : Rs.15,000/-
b) Plan - B : Rs.10 lacs
AAA and
c) Plan - C : Rs.1 crore Equivalent
d) Plan - D : Rs.5 crores (plus in multiples 70.75% Cash, Call, CBLO, Reverse
of Re.1) Repos & Current Assets
Min.Addl.Investment : 4.54%
Plans A & B: Rs.1000 plus in multiples of
Re.1
Plan C: Rs. 5 crores.
Plan