MUTUAL FUNDS
ICICI Pru AMC announces changes in SID and SAI of various schemes
Dec-18-2018

ICICI Prudential Asset Management Company (AMC) has announced that disclosures made under head ‘Procedure followed for investment decisions’ in the Scheme Information Document (SID) and Statement of Additional Information (SAI) stands modified with revised provisions as stated below:

Procedure followed for investment decisions are: (a) The AMC has laid down policies for investment in equity and debt securities. These policies have been instituted with an objective to have a uniform and prudent framework/ process for investment(s) by the schemes of the Fund. These policies lay down a framework for investment by various schemes in different category of securities/various types of issuers. These policies clearly mandate various parameters and procedures to be followed by the AMC in its investment processes. (b) The Fund Manager of each scheme is responsible for making buy/sell decisions in respect of the securities in the respective schemes’ portfolios. The investment decisions taken by the fund manager are made keeping in view the market conditions, stock/sector research and all other relevant aspects. (c) The AMC has been recording investment decisions since the receipt of instructions from SEBI, in terms of SEBI’s circular no. MFD/CIR/6/73/2000 dated July 27, 2000. (d) The Managing Director and CEO is member of Executive Equity Investment Committee and Debt Investment Committee. These committees meet periodically in order to review the overall fund management related activities. (e) Periodic presentations/reports are provided to the Board of Directors of the AMC and the Trustee Company to review the performance of the Schemes. They may also compare the performance of the schemes against the benchmark indices. (f) The AMC shall ensure that the Fund complies with all the provisions of SEBI (Mutual Fund) Regulations, 1996, as amended from time to time, including all guidelines, circulars issued in relation thereto from time to time and that the investments made by the fund managers are in the interest of the unit holders.

All the other provisions of the SID and SAI except as specifically modified herein above remain unchanged.

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