ICICI Prudential Multicap Fund (D)

Performance

ICICI Prudential Asset Management Company is one of the leading companies that offers investment solutions in India. The company aims to boost the wealth of investors by offering various mutual fund schemes. The company offers a diverse range of products that include equity schemes, debt schemes, hybrid schemes, and various solution-oriented schemes. The asset management firm has witnessed a substantial growth in the recent years and has expanded its presence all over the country.

ICICI Prudential Multicap Fund - Dividend is an equity scheme offered by the company. This scheme invests in a diverse range of products and focuses on generating capital appreciation. The ‘dividend’ plan of this fund distributes its surplus income to unitholders as dividend. This makes it an ideal plan for investors who wish to have regular income on their investments.

Investment objective of ICICI Prudential Multicap Fund - Dividend

The primary objective of this scheme is to generate capital appreciation via investments made in equity and equity related instruments. Being a multicap fund, this scheme invests in a diverse portfolio comprising large cap, midcap, and small cap companies belonging to various industries.

Key features of ICICI Prudential Multicap Fund - Dividend

Some of the notable features of ICICI Prudential Multicap Fund - Dividend can be listed as follows:

Investment amount for ICICI Prudential Multicap Fund - Dividend

*Note: To avail the STP facility, unitholders must maintain a minimum balance of Rs.12,000 in their accounts.

Asset allocation for ICICI Prudential Multicap Fund - Dividend

Who can invest in ICICI Prudential Multicap Fund - Dividend

The following list of entities are eligible to invest in ICICI Prudential Multicap Fund - Dividend:

• Hindu undivided families through their Kartas
• Adult individuals residing in India, either individually or jointly (not exceeding three)
• Minors (through parents or legal guardians)
• Companies, partnership firms, and corporate bodies
• Public sector undertakings
• Associations of individuals and societies registered under the Societies Registration Act, 1860
• Other mutual fund schemes
• Religious and charitable trusts
• Funds of army, navy, airforce, and paramilitary forces
• Scientific and industrial research organisations
• Non-residing Indians and people of Indian origin
• Banks and financial institutions
• Foreign portfolio investors who have met the eligibility criteria outlined by SEBI

*Note: The list given above is only indicative. Prospective investors are advised to contact the company directly or consult with their financial advisors to check if this scheme is suitable to them.

NAV Disclosure and Benchmark for ICICI Prudential Multicap Fund - Dividend

The scheme’s NAV will be calculated and disclosed by the company on every business day unless the process is affected by special circumstances. The company will publish the NAV everyday in two leading newspapers that have circulation all over the country. All customer service centers of the company will provide NAV information to customers. In addition, NAV information of the scheme will be published in the company’s official website (www.icicipruamc.com) and AMFI’s website (www.amfiindia.com) by 9.00 p.m. at the end of every business day.

The fund shall also disclose its portfolio information to its customers every half year in accordance with the guidelines issued by SEBI. Within one month after the close of each half year, the scheme’s portfolio information will be published in one leading English newspaper that circulates all over the country and in one regional language daily newspaper where the head office of the AMC is located. In the official websites of the company and AMFI, the scheme portfolio till the last day of the closing month will be disclosed within the first 10 days of the succeeding month.

The benchmark index of this fund is S&P BSE 500 Index.

ICICI Prudential Multicap Fund - Dividend Fund Manager

This scheme is being managed by Mr. George Heber Joseph and Mr. Atul Patel. Mr. George comes with over 14 years of experience in this industry and has been managing this fund since December 2015. Mr. Atul has over 8 years of experience in this industry and has been managing this fund since August 2016.

Investment restrictions of ICICI Prudential Multicap Fund - Dividend

The following list of investment restrictions apply to ICICI Prudential Multicap Fund - Dividend:

• Investments in debt instruments including money market instruments and non-money market instruments issued by a single issuer shall not exceed 10% of the fund’s NAV. This can be increased 12% following approval from the company’s Board of Directors and Trustees.
• Investments in unrated debt instruments issued by a single user shall not exceed 10% of the NAV. The overall investments in these instruments shall not exceed 25 of the NAV.
• This scheme cannot own more than 10% a company’s paid up capital voting rights.
• Inter-scheme transfers to other mutual fund plans within the company is permitted as long as the transfers are done at the prevailing NAV and within the scope of the target scheme’s investment objectives.
• Investments made in other mutual fund schemes (within the same company or in another company) shall not exceed 5% of the fund’s NAV.
• Purchase and sale of securities under this mutual fund shall be done on the basis of deliveries.
• Securities purchased for long-term investments shall be purchased in the name of the scheme.
• Temporary parking of funds (up to 15% of the scheme’s net assets) in short-term cash deposits of commercial banks is allowed until the schemes finds other avenues to meet the investment objectives. However, this is allowed only for a maximum of 91 days and the mutual fund.
• There shall be no investments made in:
• unlisted securities of a group company or an associate company of the sponsor.
• securities of the sponsor’s group companies issued through private placement.
• listed securities of the sponsor’s group companies that are in excess of 25% of its net assets.
• This scheme shall not advance any loans to investors under any circumstances.
• There shall be no investments made in fund of fund schemes.
• Investments in equity or equity related instruments issued by a single issuer shall not exceed 10% of the fund’s NAV. In case of unlisted equities, the investment shall not exceed 5% of the fund’s NAV.
• The scheme shall not borrow funds expect under circumstances where temporary liquidity needs have to be met. Also, the borrowed amount shall not exceed 20% of the fund’s net assets.

Dividend policy of ICICI Prudential Multicap Fund - Dividend

The ‘dividend’ plan of this scheme offers dividends when there is surplus distributable income. This plan is ideal for investors who wish to earn income through their mutual fund plans. If any surplus funds remain even after the payment of dividends, it will be invested back into the funds and reflected in the NAV. Once the dividend is declared, it shall be paid to unitholders within a maximum of 30 days. In the ‘growth’ plan, the fund shall not declare any dividends for investors. The returns are invested back in the funds and reflected in the fund’s NAV.

Other facilities under ICICI Prudential Multicap Fund - Dividend

The following list contains some of the special products available with ICICI Prudential Multicap Fund - Dividend:

• Systematic Investment Plan (SIP): This is a facility that allows investors to invest a fixed amount continuously on a periodic basis. Investors can choose the amount to be invested and the frequency of investment. By choosing the SIP facility, investors can average out the cost of investment in this scheme.
• SIP Top-up Facility: As the name implies, this is an SIP facility with a small added feature. Here, investors can choose to increase the SIP installment at fixed intervals. The minimum top up amount and the frequency after which the SIP installment may increase can also be chosen by unitholders.
• Micro SIP: This is similar to the SIP facility, but the maximum investment is capped at Rs.50,000. Other guidelines related to minimum investment and minimum withdrawal may also apply to this facility.
• Systematic Withdrawal Plan (SWP): Under this facility, unitholders can withdraw a specific sum of money from their investments. Investors can choose the amount to be withdrawn and the frequency of withdrawal. This facility is ideal for people who wish to invest a lump-sum amount and get regular income from their investments.
• Systematic Transfer Plan (STP): This is a facility that allows investors to transfer a certain amount at regular intervals from one scheme to another. The minimum investment restrictions that apply to the target scheme will apply here while making the transfers.
• Switch facility: The company allows switch facility in this fund by enabling unitholders to switch a part or whole of their investments to other schemes within the fund. While making the switch, the NAV of the particular business day will apply.

*Note: A list of all the special products available with the company can be found in the fund’s scheme document.

Why should you invest in ICICI Prudential Multicap Fund - Dividend

This is one of the top equity funds that focus on wealth creation for customers. This scheme is mainly intended for those who seek long-term capital appreciation through equity investments. Moreover, the dividend plan allows unitholders to earn a certain income through their investments. This scheme has witnessed substantial growth over the years and has helped investors get adequate returns from their investments.

GST rate of 18% applicable for all financial services effective July 1, 2017.