Fixed Income

Blue Book

The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Investment Avenues – Asset Classes

Savings

Equity Real Estate Gold Fixed Income 2

The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 “People don’t lose as
much money in market
corrections, as they lose
in long sideways
consolidation”

3
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Importance of Fixed Income in an Investor’s
Portfolio – Equity Example
“Equity asset class can be volatile and may have long periods of consolidation”
50,000

45,000 16%
CAGR
40,000
-1% in 4
46% years
35,000
CAGR
CAGR
in 5
30,000
Consolidation in 4
years
25,000
Phase – CAGR years
20,000 125% 2% for 10 Years
CAGR
15,000
in 2 Sensex Levels

10,000 years
5,000

-
1981 1984 1987 1990 1993 1996 1999 2002 2005 2008 2011 2014 2017 2020

4
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
Data Source: MFI. Past performance may or may not sustain in future.
 Importance of Fixed Income in an Investor’s
Portfolio – Gold Example
“Gold as an asset class goes through various cycles and may have long periods of lumpy returns.”
Gold prices ($/oz)
18% CAGR
2500
Consolidation Phase – for 9 years
CAGR 0% for 20 Years
2000

1500

1000

500

0
1988
1989
1990

1996
1997
1998
1999

2004
2005
2006
2007

2012
2013
2014
2015
1991
1992
1993
1994
1995

1999
2000
2001
2002
2003

2008
2009
2010
2010
2011

2016
2017
2018
2019
2020
5
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
Data Source: Kotak securities Past performance may or may not sustain in future.
 Importance of Fixed Income in an Investor’s
Portfolio – Real Estate Example
“Real Estate also has its own cycle. It goes through long phases of price and time correction.”

Real Estate markets between

1995-2003 and 2012 to date -
CAGR ranges from 0- 2%

6
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors. Data
Source: CBRE. Past performance may or may not sustain in future. To date – Dec 31, 2020
 Importance of Fixed Income in an Investors
Portfolio
Thus Fixed Income is important for investor’s as it plays the following key roles:

Lower Diversification Regular Cash Flexibility in

volatility as from Equities flows investment
compared to horizon
Equity

7
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Investment Avenues under Fixed Income
Fixed Income space
space
FIXED INCOME INVESTMENT AVENUES

Category Investment Period Taxation Liquidity

PPF 15 years Deduction under Section 80-C of the Income Fixed Period
Tax Act, 1961 and taxation of income covered
under section 10(11) of the Income Tax Act,
1961*
Post Office Savings 1-5 Years Section 80-C of the Income Tax Act, 1961* With Penalty

Traditional Investment 1 month -5 Years Full Tax on Interest With Penalty

Avenue
Tax Free Bonds 10 Years, 15 Years Interest Tax Free Moderate

High Yield NCDs 3 -5 Year Full Tax on Interest Low

Fixed Maturity Plan 1 year - 5 years & above Depending on investment tenure Low

Debt Mutual Funds 1 day - 5 years & above Depending on investment tenure High
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors. For more details on
taxation consult your investment advisors. Investments in traditional investment avenues offer assured or guaranteed returns however investments in mutual funds are subject to market risks.
*Applicable to Investors in the old regime. 8
 Perception of Debt Funds

Why do investors generally invest in Debt Funds?

More tax efficient investment compared to other avenues

Other reasons, which makes debt funds attractive

Higher Liquidity compared to traditional investment

Ability to generate better returns on a gross basis

Flexible Investment Horizon

9
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors. Investments in traditional
investment avenues offer assured or guaranteed returns however investments in mutual funds are subject to market risks.
 Debt Funds v/s Traditional
Investment Avenues

One can invest for time periods

ranging from 1 day to multiple Using SIP, STP and SWP
years by choosing the relevant investment options provide
Why Debt Funds added convenience.
type of debt fund.
over Traditional fixed
income investments? Useful for investing both in Indexation benefits are
rising and falling interest rate available for debt funds whose
scenarios. tenure is equal to or above 36
months
Debt Scheme*
Particulars 5 Year Rolling Returns(%) 10 Year Rolling Returns(%)
IPRU Debt Scheme Scheme Benchmark IPRU Debt Scheme Scheme Benchmark
Min 6.44 5.10 7.46 6.36
Max 9.83 9.50 9.29 8.36
Average 8.32 7.46 8.37 7.47
Source : MFI Explorer, * Debt Scheme – ICICI Prudential Short Term Fund. Scheme Benchmark – Crisil Short Term Bond Fund Index. Rolling returns from 2001, Data as on Jan 31, 2021. Past
performance is no guarantee of future returns. Data in CAGR % terms. The performance of the scheme is benchmarked to the total return variant of the index
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors. Investments in traditional 10
investment avenues offer assured or guaranteed returns however investments in mutual funds are subject to market risks.
 ICICI Prudential Mutual Fund
Fixed Income Product Bouquet

11
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Fixed Income Product
Classification

BASED ON STRATEGY BASED ON SOLUTION

•High Quality Focused •Cash Management
Solution
•Accrual Focused
•Short Term Saving
Solution
•Accrual Solution
•Dynamic Solution
•Medium/Long Term
Investment Solution

12
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Fixed Income Product
Classification

BASED ON STRATEGY

13
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
High
High Quality Schemes
Quality Schemes
Gilt Fund with ICICI Prudential
10Y Constant Duration Long Term
Bond Fund
Long Duration Funds ICICI Prudential
Bond Fund
ICICI Prudential
Medium to Long ICICI Prudential Constant
Duration Funds Banking & PSU Maturity Gilt
Debt Fund Fund
Banking & PSU Fund ICICI Prudential
ICICI Corporate Bond
Prudential Fund
Short Duration Fund
Savings
ICICI Prudential Fund ICICI Prudential
Low Duration Fund ICICI Prudential Money Market Short Term Fund
Liquid Fund Fund
Money Market Fund
ICICI Prudential
Liquid Fund Overnight Fund

Overnight Fund

upto 91 days 2-6 Months 6-12 Months 1-3Years 1-4 Years 4-7 Years Over 7 Years

Average Maturity
The range of average maturity is only indicative in nature. The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be
14
circulated to investors/prospective investors. The asset allocation and investment strategies will be based on the Scheme Information Document of the respective schemes.
 High Accrual Schemes

Medium ICICI Prudential Medium

Term Bond Fund
Duration Fund

ICICI Prudential
Credit Risk Fund Credit Risk Fund

ICICI Prudential
Floater Fund Floating Interest Fund

ICICI Prudential
Ultra Short Ultra Short Term Fund
Duration Fund

3-6 Months 6-12 Months 1-3 Years 3-4 Years

Modified Duration
The range of modified Duration is only indicative in nature. The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be
circulated to investors/prospective investors. The asset allocation and investment strategies will be based on the Scheme Information Document of the respective schemes
15
 ICICI Prudential Fixed Income Product
Classification

BASED ON SOLUTION

16
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Fixed Income Products-
Based On Solution

Cash
Short Term Accrual
Management Savings Solution Solution
Solution

Medium/Long Term
Dynamic
Investments
Solution
Solution

17
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Overnight Fund
SEBI Category: Overnight Fund
Investment Strategy ABOUT THE SCHEME
An open ended debt scheme investing in
Maintains high liquidity, focus on accrual and high credit quality.
overnight securities
Investing Predominantly In
Overnight instruments having maturity of 1 business Day QUANTITATIVE INDICATORS
YTM 3.41%
Duration
Approx 1 Day Avg Maturity in days 0.00
Modified Duration in days 0.00
Credit Quality
Invests in TREPS$ or A1+ rated instruments CURRENT PORTFOLIO CONSTRUCT*

Indicative Investment horizon

1 to 7 days

Key Benefit TREPS &

Current
Provide reasonable returns with low risk and high liquidity Assets,
100.00%
Exit Load
Nil
*Data as on Jan 31, 2021, $ TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
18
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Liquid Fund
SEBI Category: Liquid Fund
Investment Strategy
ABOUT THE SCHEME
Maintains high liquidity, focus on accrual and high credit quality.
Investment in Debt and money market
Investing Predominantly In securities with maturity of up to 91 days only.

Money Market and Debt Instruments with maturity less than 91 QUANTITATIVE INDICATORS
days.
Duration YTM 3.51%
Duration in the range of 30-60 days Avg Maturity in days 23.50

Credit Quality Modified Duration in days 21.73

Investing predominantly in AAA & A1+ rated securities CURRENT PORTFOLIO CONSTRUCT*
TREPS &
Indicative Investment horizon Current AAA and
7 days and above Assets, Equivalent,
26% 52%
Key Benefit Sovereign
Securities,
Low Mark To Market and ideal for short term parking 22%

Exit Load
Day - 1 -0.0070%, Day - 2 -0.0065%, Day - 3 -0.0060%, Day - 4 -0.0055%,
Day - 5 -0.0050%, Day - 6 -0.0045% and Day - 7 Onwards -Nil
* Data as on Jan 31, 2021, $ TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors. 19
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Money Market Fund
SEBI Category: Money Market Fund
Investment Strategy ABOUT THE SCHEME
Maintain high liquidity and high credit quality. An open ended debt scheme investing in
money market instruments
Investing Predominantly In
Money Market and Debt Instruments.
QUANTITATIVE INDICATORS
YTM 3.83%
Duration
Avg Maturity in days 112.30
Duration in range of 3-9 Months. `
Modified Duration in days 107.18
Credit Quality
CURRENT PORTFOLIO CONSTRUCT*
AAA & equivalent : 100%
TREPS &
Current
Indicative Investment horizon Assets,
6%
30 days and above Sovereign
Securities,
Key Benefit 22%
AAA and
Ideal for short term parking with reasonable returns and low Equivalent
volatility , 71%
Exit Load
Nil
* Data as on Jan 31, 2021, $ TREPS – Tri-Party Repo 20
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Savings Fund
SEBI Category: Low Duration Fund
Investment Strategy ABOUT THE SCHEME
Hold to maturity, Marginal duration & high credit quality. An open ended debt scheme with Macaulay
Duration between 6-12 months
Investing Predominantly In
Bonds and Money Market instruments with up to 1 year maturity QUANTITATIVE INDICATORS
YTM 4.59%
Duration
Duration in the range of 6-12 months. Avg Maturity in years 2.30
Modified Duration in years 0.74
Credit Quality
AAA & equivalent : 85-100% ; AA & equivalent : 0-15% CURRENT PORTFOLIO CONSTRUCT*
TREPS &
Indicative Investment horizon Current
AAA and
60 days and above Assets, 2%
Equivalent,
Sovereign 39%
Key Benefit Securities,
Ideal for short term parking with reasonable returns and a 46%
AA and
moderately low risk. Equivalent,
Exit Load 13%
Nil
* Data as on Jan 31, 2021, $ TREPS – Tri-Party Repo
21
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Fixed Income Products-
Based On Solution

Short Term
Cash Management Accrual
Solution Savings Solution
Solution

Medium/Long Term
Dynamic
Investments
Solution
Solution

22
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Corporate Bond Fund
SEBI Category: Corporate Bond Fund
Investment Strategy ABOUT THE SCHEME
High quality corporate bonds, short duration and plays on the An open ended debt scheme predominantly
spread over repo investing in AA+ or above rated securities
Investing Predominantly In
QUANTITATIVE INDICATORS
Bonds, G-Secs, Commercial Papers and Certificate of Deposits
YTM 4.75%
Duration
Avg Maturity in years 2.48
Duration in the range of 1-3 Years
Modified Duration in years 1.54
Credit Quality
CURRENT PORTFOLIO CONSTRUCT*
AAA & equivalent 100%
TREPS &
Current
Indicative Investment horizon Assets, 13%
Sovereign
6 months and above Securities,
16%
Key Benefit
Ideal for short term parking with low credit risk and moderate AAA and
interest rate risk Equivalent,
72%
Exit Load
Nil 23
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Short Term Fund
SEBI Category: Short Duration Fund
Investment Strategy ABOUT THE SCHEME
Maintain reasonable YTM, Capture Credit Spreads and tactical G-Sec An open ended debt scheme with Macaulay
calls Duration between 1-3 years
Investing Predominantly In
Bonds, Money Market instruments, Government Securities and QUANTITATIVE INDICATORS
SDLs YTM 5.11%
Duration
Avg Maturity in years 2.67
Duration between 1 – 3 years
Modified Duration in years 1.76
Credit Quality CURRENT PORTFOLIO CONSTRUCT*
AAA & Equivalent – 80-100% TREPS &
AA rated securities – 0-20% Current
Sovereign Assets,
Indicative Investment horizon Securities, 11%
6 months and above 24%
AAA and
Equivalent,
Key Benefit AA and
50%
Benefits from total return approach by having a balance between Equivalent,
accrual and capital appreciation with short duration 15%
Exit Load
Nil *Data as on Jan 31, 2021, TREPS – Tri-Party Repo, SDL – State 24
Development Loans
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Banking & PSU Debt Fund
SEBI Category: Banking and PSU Fund
Investment Strategy ABOUT THE SCHEME
High Credit Quality, Short duration and Partial Hold To Maturity An open ended debt scheme predominantly
approach investing in debt instruments of banks, PSUs,
Investing Predominantly In PFIs

Bonds issued by Banks, Public Sector Undertakings, Public Financial QUANTITATIVE INDICATORS
Institutions and Municipal Bonds. YTM 4.82%
Duration
Avg Maturity in years 2.66
Duration between 1– 4 years
Modified Duration in years 1.56
Credit Quality
CURRENT PORTFOLIO CONSTRUCT*
AAA : 80 – 100% ; AA+ and AA: 0-20% TREPS & AAA and
Current Equivalent,
Indicative Investment horizon Assets, 15% 53%
9 months and above

Key Benefit Sovereign

Securities,
Benefits from focused exposure in Banking & PSU sector with low 13%
credit risk AA and
Equivalent,
Exit Load 19%
Nil 25
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Fixed Income Products-
Based On Solution

Cash Management Short Term Accrual

Solution Savings Solution Solution

Medium/Long Term
Dynamic
Investments
Solution
Solution

26
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
 ICICI Prudential Floating Interest Fund
SEBI Category: Floater Fund
Investment Strategy ABOUT THE SCHEME
Maintains good YTM, Focus on Accrual and Marginal duration An open ended debt scheme predominantly
investing in floating rate securities
Investing Predominantly In
Money market and Short term Instruments. QUANTITATIVE INDICATORS
YTM 5.12%
Duration
Avg Maturity in years 3.07
Duration in the range of 9-15 months
Modified Duration in years 0.67
Credit Quality
CURRENT PORTFOLIO CONSTRUCT*
AAA & equivalent : 50-70% ; AA & equivalent : 30-50% TREPS &
Current
Indicative Investment horizon Assets, AAA and
180 days and above 4% Equivalent,
Sovereign 34%
Securities, AA and
Key Benefit 37% Equivalent,
Ideal for short term parking and provides good accrual income with 25%
low duration risk
Exit Load
Nil 27
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Ultra Short Term Fund
SEBI Category: Ultra Short Duration Fund
Investment Strategy ABOUT THE SCHEME
Hold till Maturity with focus on accrual income, Static duration and An open ended debt scheme with Macaulay
Researched credit calls Duration between 3-6 months
Investing Predominantly In
Well researched corporate bonds.
QUANTITATIVE INDICATORS
YTM 5.00%
Duration
Avg Maturity in days 159.68
Duration maintained in the range of 3-6 months
Modified Duration in days 139.93
Credit Quality CURRENT PORTFOLIO CONSTRUCT*
AAA and Equivalent – 10-20%; AA and Equivalent -40-70%; Sovereign
A and Below - 0-20% Securities,
A and TREPS &
2%
Indicative Investment horizon Equivalent, Current
1% Assets, 9%
3 months and above

Key Benefit AAA and

AA and
The scheme helps to generate accrual returns with Low interest rate Equivalent,
Equivalent,
volatility. 33%
54%
Exit Load
Nil 28
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Credit Risk Fund
SEBI Category: Credit Risk Fund
Investment Strategy
ABOUT THE SCHEME
Hold till Maturity with focus on accrual income, Static duration and
Researched credit calls An open ended debt scheme predominantly
investing in AA and below rated corporate bonds
Investing Predominantly In
Well researched corporate bonds across credit ratings QUANTITATIVE INDICATORS

Duration YTM 7.67%

Duration maintained in the range of 1-3 Years. Avg Maturity in years 2.09
Modified Duration in years 1.58
Credit Quality
AAA & Equivalent – 15-35% CURRENT PORTFOLIO CONSTRUCT*
AA, A and Equivalent -65-85% TREPS &
Sovereign Current
Indicative Investment horizon Securities, Assets,
8% 11% AAA and
3 years and above Unrated,
Equivalent,
3%
Key Benefit 8%
BBB and
Benefit from the stable accrual income with low interest rate Equivalent,
volatility 3% AA and
A and
Exit Load Equivalent,
Equivalent,
54%
10% of units within 1 Year from allotment – Nil; More than 10% of 13%
units, within 1 Year - 1% of applicable NAV; More than 1 Year - Nil 29
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Medium Term Bond Fund
SEBI Category: Medium Duration Fund
ABOUT THE SCHEME
Investment Strategy An open ended medium term debt scheme investing in
instruments such that the Macaulay duration of the
Total return focus, Moderate Duration and moderate credit play portfolio is between 3 Years and 4 Years. The Macaulay
duration of the portfolio is 1 Year to 4 years under
Investing Predominantly In anticipated adverse situation
Corporate bonds with moderate credit quality and good carry over QUANTITATIVE INDICATORS
repo rate
YTM 6.89%
Duration
Duration in the range of 3-4 Years, in adverse conditions can go Avg Maturity in years 3.13
down to 1 Years. Modified Duration in years 2.37
Credit Quality
No exposure to instruments below AA- CURRENT PORTFOLIO CONSTRUCT*
TREPS &
Indicative Investment horizon Current
Assets,
3 year and above Sovereign 15%
Securities,
4% AAA and
Key Benefit Equivalent,
Better risk adjusted returns with moderate credit and moderate 20%
duration AA and
Equivalent,
Exit Load 61%
10% of units within 1 Year from allotment – Nil; More than 10% of
units, within 1 Year - 1% of applicable NAV; More than 1 Year - Nil 30
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Fixed Income Products-
Based On Solution

Cash Management Short Term Accrual

Solution Savings Solution Solution

Dynamic Medium/Long Term

Investments
Solution Solution

31
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential All Seasons Bond Fund
SEBI Category: Dynamic Fund
Investment Strategy ABOUT THE SCHEME
Duration managed dynamically based on in-house model, tactical An open ended dynamic debt scheme
allocation between Corporate bonds & G-sec investing across duration
Investing Predominantly In
Government Securities, SDLs, Corporate Bonds QUANTITATIVE INDICATORS
YTM 6.02%
Duration
Avg Maturity in years 3.63
Duration between 1 – 10 years.
Modified Duration in years 2.50
Credit Quality
Tactical allocation between credit rating and between various CURRENT PORTFOLIO CONSTRUCT*
TREPS & AAA and
instruments
Current Equivalent,
Indicative Investment horizon Assets, 11%
3 Years and above 28%

Key Benefit
The scheme benefits from interest rate volatility AA and
Sovereign Equivalent,
41%
Exit Load Securities,
Upto 1 month from allotment – 0.25% of applicable NAV, more than 21%
1 month - Nil * Data as on Jan 31, 2021, TREPS – Tri-Party Repo, SDL – State 32
Development Loans
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Fixed Income Products-
Based On Solution

Cash Management Short Term Accrual

Solution Savings Solution Solution

Medium/Long
Dynamic Term
Solution Investments
Solution
33
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 ICICI Prudential Bond Fund
SEBI Category: Medium to Long Duration Fund
Investment Strategy ABOUT THE SCHEME
High quality corporate bonds with focus on accrual income An open ended debt scheme with Macaulay
Duration between 4-7 years
Investing Predominantly In
High quality corporate bonds QUANTITATIVE INDICATORS

Duration YTM 5.60%

Duration in the range of 4-7 Years. The Macaulay duration of the Avg Maturity in years 6.17
portfolio is 1-7 years in adverse conditions Modified Duration in years 4.23
Credit Quality
Predominantly AAA rated instruments. CURRENT PORTFOLIO CONSTRUCT*
TREPS &
Indicative Investment horizon Current
Assets,
2 years and above
17%

Key Benefit AAA and

Benefits from high carry of corporate bonds over G-Sec with low Equivalent
credit risk , 65%
Sovereign
Exit Load Securities,
18%
Within 6 Months from allotment - 1% of applicable NAV, more than
6 Months - Nil * Data as on Jan 31, 2021, TREPS – Tri-Party Repo 34
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Long term Bond Fund
SEBI Category: Long Duration Bond Fund
Investment Strategy
ABOUT THE SCHEME
Aggressive duration calls, tactical exposure between Corporate
bonds & Gsec. Aggressive duration calls, tactical exposure
between Corporate bonds & Gsec.
Investing Predominantly In
Corporate Bonds, Government Securities and SDLs QUANTITATIVE INDICATORS
YTM 6.31%
Duration
More than 7 Years Avg Maturity in years 11.96
Modified Duration in years 7.80
Credit Quality
AAA and Equivalent and sovereign securities - 80-100%; CURRENT PORTFOLIO CONSTRUCT*
AA and Equivalent -0-20% TREPS & AAA and
Indicative Investment horizon Current Assets, Equivalent,
8%
3 years and above 10%

Key Benefit
The scheme helps to take exposure to long term debt securities
Sovereign AA and
and benefit from duration gains. Securities, 75% Equivalent, 7%
Exit Load
Nil
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo, SDL – State 35
Development Loans
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Constant Maturity Gilt Fund
SEBI Category: Gilt Fund with 10-year Constant Duration
Investment Strategy ABOUT THE SCHEME
Passive strategy, 10 year benchmark G-Sec portfolio and Static An open ended debt scheme having
Duration minimum investment in G secs – 80% and
Investing Predominantly In Macaulay duration of 10 years

Government Securities QUANTITATIVE INDICATORS

YTM 5.88%
Duration
Average Maturity between 9 to 11 years Avg Maturity in years 9.50
Modified Duration in years 6.84
Credit Quality
Sovereign securities only CURRENT PORTFOLIO CONSTRUCT*
TREPS &
Indicative Investment horizon Current
2 years and above Assets, Sovereign
5% Securities,
Key Benefit 95%
Benefits from constant duration and capital appreciation

Exit Load
Nil
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo 36
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors an d should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 ICICI Prudential Gilt Fund
SEBI Category: Gilt Fund
Investment Strategy ABOUT THE SCHEME
Aggressive Duration and High Credit Quality An open ended debt scheme investing in
government securities across maturities
Investing Predominantly In
Government Securities and SDLs QUANTITATIVE INDICATORS
YTM 4.78%
Duration
Dynamic Duration Avg Maturity in years 7.26
Modified Duration in years 4.00
Credit Quality
CURRENT PORTFOLIO CONSTRUCT*
Sovereign securities only
TREPS &
Indicative Investment horizon Current Assets,
3%
1 year and above

Key Benefit
Sovereign
The scheme has a pure gilt portfolio and benefits from favourable
Securities, 97%
interest rate movements through duration calls
Exit Load
Nil
* Data as on Jan 31, 2021, TREPS – Tri-Party Repo, SDL –
State Development Loans 37
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
The asset allocation and investment strategies will be based on the Scheme Information Document of the scheme
 Disclaimers

Please note that the Risk-o-meter(s) specified above will be

evaluated and updated on a monthly basis as per SEBI circular
dated October 05, 2020 on Product Labeling in Mutual Fund
schemes - Risk-o-meter. Please refer to
[Link] mc.c om/ news-a nd-updat es/all-news for more
details.
38
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Disclaimers

Please note that the Risk-o-meter(s) specified above will be

evaluated and updated on a monthly basis as per SEBI circular
dated October 05, 2020 on Product Labeling in Mutual Fund
schemes - Risk-o-meter. Please refer to
[Link] mc.c om/ news-a nd-updat es/all-news for more
details.

39
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Disclaimers

Please note that the Risk-o-meter(s) specified above will be

evaluated and updated on a monthly basis as per SEBI circular
dated October 05, 2020 on Product Labeling in Mutual Fund
schemes - Risk-o-meter. Please refer to
[Link] mc.c om/ news-a nd-updat es/all-news for more
details.

40
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Disclaimers

Please note that the Risk-o-meter(s) specified above will be

evaluated and updated on a monthly basis as per SEBI circular
dated October 05, 2020 on Product Labeling in Mutual Fund
schemes - Risk-o-meter. Please refer to
[Link] mc.c om/ news-a nd-updat es/all-news for more
details. 41
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.
 Disclaimers
Mutual Fund investments are subject to market risks, read all scheme related
documents carefully.
In preparation of the material contained in this document, ICICI Prudential Asset Management Company Limited (the AMC) has used
information that is publicly available, including information developed in-house. Some of the material used in the document may have
been obtained from members/persons other than the AMC and/or its affiliates and which may have been made available to the AMC
and/or to its affiliates. Information gathered and material used in this document is believed to be from reliable sources. The AMC, however,
does not warrant the accuracy, reasonableness and / or completeness of any information. We have included statements / opinions /
recommendations in this document, which contain words, or phrases such as “will”, “expect”, “should”, “believe” and similar expressions
or variations of such expressions that are “forward looking statements”. Actual results may differ materially from those suggested by the
forward looking statements due to risk or uncertainties associated with our expectations with respect to, but not limited to, exposure to
market risks, general economic and political conditions in India and other countries globally, which have an impact on our services and / or
investments, the monetary and interest policies of India, inflation, deflation, unanticipated turbulence in interest rates, foreign exchange
rates, equity prices or other rates or prices etc. The AMC (including its affiliates), the Mutual Fund, the trust and any of its officers,
directors, personnel and employees, shall not be liable for any loss, damage of any nature, including but not limited to direct, indirect,
punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of this material in any manner. The
recipient alone shall be fully responsible/are liable for any decision taken on this material. All figures and other data given in this document
are dated and the same may or may not be relevant in future. The information contained herein should not be construed as a forecast or
promise nor should it be considered as an investment advice. Investors are advised to consult their own legal, tax and financial advisors to
determine possible tax, legal and other financial implication or consequence of subscribing to the units of ICICI Prudential Mutual Fund.
The sector(s)/stock(s) mentioned in this communication do not constitute any recommendation of the same and ICICI Prudential Mutual
Fund may or may not have any future position in these sector(s)/stock(s). Past performance may or may not be sustained in the future. The
portfolio of the scheme is subject to changes within the provisions of the Scheme Information document of the scheme. Please refer to the
SID for more details.
42
The information herein is solely for private circulation and for reading/understanding of registered Advisors/Distributors and should not be circulated to investors/prospective investors.