OFFER DOCUMENT

Prudential ICICI Balanced Fund
Mr. Pradip P. Shah
72A, Embassy Apartments, 46, Nepean Sea Road, Bombay 400 006.
Mr. Pradip P. Shah started IndAsia, a private equity investment and corporate finance advisory company in April 1998, following
his separation from the management of the Indocean Fund which he helped establish in October 1994, in association with
affiliates of Soros Fund Management and Chemical Venture Partners (now Chase Capital Partners).
Prior to starting Indocean, he was the Managing Director of the Credit Rating and Information Services of India Limited (‘CRISIL’),
India’s first and the largest credit rating agency. Mr. Shah was one of the team members, which assisted in founding CRISIL in
1988. While at CRISIL, Mr. Shah was instrumental in technology transfer to and the training of personnel of Rating Agency
Malaysia Berhad and The Israeli Securities Rating Company.
Prior to founding of CRISIL, Mr. Shah assisted as a member of the project team in founding the Housing Development Finance
Corporation (HDFC) in 1977. Before joining HDFC, Mr. Shah was a Project Officer at the Industrial Credit and Investment
Corporation of India Limited (‘ICICI’). Mr. Shah has also served as a consultant to USAID, the World Bank and the Asian
Development Bank.
Mr. Shah holds an MBA from Harvard Business School and is a qualified Chartered Accountant as well as a Cost Accountant and
ranked first in India in the Chartered Accountancy examination.
Mr. Shailendra Bhandari
Quest End, 3rd Floor, 47, Cuffe Parade, Mumbai - 400 005
Mr. Bhandari is the Managing Director of the Prudential ICICI Asset Management Company Ltd. and is responsible for development
of the business of the Company and its day-to-day management. Prior to joining AMC, for about seven months, Mr. Bhandari
was working as a Consultant for application of Information Technology in the field of Finance & Banking. Since September 1994
to November 1999, Mr. Bhandari was associated with HDFC Bank Ltd. as Treasurer and Executive Director - Head of Capital
Markets. At HDFC Bank, Mr. Bhandari’s main responsibilities included overseeing and development the entire Capital Markets
and Private Banking functions of the bank, including the Treasury (Foreign Exchange, Derivatives, Money Markets) as well as
trading in Debt and equities and Investment Advisory Services.
During the period from May 1992 to August 1994, Mr. Bhandari was the Chief Executive, Citicorp Securities & Investments Ltd.,
a group entity of Citibank N.A., India.
Mr. Bhandari has a Masters Degree in Management from the Indian Institute of Management, Ahmedabad. He has a Bachelor’s
Degree in Economics from St. Stephens’ College, University of Delhi.
ii) Powers, Duties and Responsibilities of the AMC
The duties and responsibilities of the AMC shall be governed by the Regulations and the Investment Management Agreement.
The AMC, in the course of managing the affairs of the Mutual Fund, has the power, inter-alia:
(a) to invest in, acquire, hold, manage or dispose of all or any securities and to deal with, engage in and carry out all other
functions and to transact all business pertaining to the Fund;
(b) to keep the moneys belonging to the Trust with scheduled banks and Custodians as it may deem fit;
(c) to issue, sell and purchase Units under any Scheme;
(d) to repurchase the Units that are offered for repurchase and hold, reissue or cancel them;
(e) to formulate strategies, lay down policies for deployment of funds under various Schemes and set limits collectively or
separately for privately placed debentures, unquoted debt instruments, securitised debts and other forms of variable
securities which are to form part of the investments of the Trust Funds;
(f) to arrange for investments, deposits or other deployment as well as disinvestment or refund out of the Trust Funds as
per the set strategies and policies;
(g) to make and give receipts, releases and other discharges for moneys payable to the Trust and for the claims and demands
of the Trust;
(h) to get the Units under any scheme listed on any one or more stock exchanges in India or abroad;
(i) to open one or more bank accounts for the purposes of the Fund, to deposit and withdraw money and fully operate the
same;
(j) to pay for all costs, charges and expenses, incidental to the administration of the Trust and the management and
maintenance of the Trust property, Custodian and/or any other entities entitled for the benefit of the Fund, audit fee,
management fee and other fees;
(k) to furnish compliance reports to the Trustees as prescribed by SEBI.
(l) to provide or cause to provide information to SEBI and the Unitholders as may be specified by SEBI and
(m) to generally do all acts, deeds, matters and things which are necessary for any object, purpose or in relation to the
Prudential ICICI Mutual Fund in any manner or in relation to any scheme of the Prudential ICICI Mutual Fund.
The Asset Management Company shall maintain high standards of integrity and fairness in all their dealings and in the conduct
of their business.
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