OFFER DOCUMENT

Prudential ICICI Mutual Fund
The Asset Management Company shall render at all times high standards of service, exercise due diligence, ensure proper care
and exercise independent professional judgement.
The independent directors of the Asset Management Company shall pay specific attention to the following as may be applicable,
namely :
i. The Investment Management Agreement and the compensation paid under the agreement.
ii. Service contracts with affiliates – whether the company has charged higher fees than outside contractors for the same
services.
iii. Securities transactions involving affiliates to the extent such transaction are permitted.
iv. Code of ethics must be designed to prevent fraudulent, deceptive or manipulative practices by insiders in connection
with personal securities transactions.
v. The reasonableness of fees paid to sponsors, asset management company and any others for services provided.
vi. Principal underwriting contracts and renewals
vii. Any service contracts with the associates of the company.
In terms of the Investment Management Agreement and the Regulations, the AMC is entitled to an investment management fee
at 1.25% per annum of the average net assets for a corpus up to Rs.100 crores and at 1.00% per annum for the corpus amount
in excess of Rs.100 crores. Further, as per the Regulations, for the schemes launched on no load basis, the Asset Management
Company is entitled to collect an additional management fees not exceeding 1% of the average net assets outstanding in each
financial year.
iii) Key Employees of the AMC and relevant experience:
Name of the Employee Age Designation Educational Total No. of Years Assignments Held
(Years) Qualifications of Experience/Type During the Last 10 Yrs
& Nature of Experience
Mr. Shailendra Bhandari 44 Managing Director Post Graduate Diploma Over 22 years of Managing Director
in Management, Indian experience in the areas Prudential ICICI AMC –
Institute of Management, of Treasury, Risk from December 2000
Ahmedabad, Bachelor of Management, Operations, till date.
Arts- Economics, Technology, and Business
St. Stephen’s College, Development December 1999 to November
University of Delhi, 2000 IT Consultancy in the
field of Finance & Banking at
Auckland, New Zealand.
September 1994 - Nov.
1999- Treasurer & Executive
Director - Head Of Capital
Markets of HDFC Bank Ltd.,
Mumbai, India
May 1992 - Aug 1994: Chief
Executive of Citicorp Securities
& Investments Ltd. in Mumbai
Mr. Pankaj Razdan 34 Deputy CEO BSc. (Electronics) Over 9 years of experience Vice President / Senior
B. Tech (Electronics in sales and distribution. Vice President & Head -
Engineering) Sales & Distribution -
Prudential ICICI AMC - 2000
onwards.
Vice President - West & North
Zone Prudential ICICI AMC -
1999 – 2000.
Head -Distribution -Karvy
Securities Limited - 1997 –
1998.
Marketing Manager - HMG
Financial Services Limited -
1992 – 1993.
Graduate Engineer Trainee /
Design Engineer – Nelco Ltd.
1992.
Mr. Dileep Madgavkar 39 Chief Investment Associate of Institute Over 14 years of Chief Investment Officer –
Officer of Chartered experience in treasury Prudential ICICI AMC - 1998
Accountants of India, and fund management. to date.
B.Com (Hons.)
Financial Analyst & Consultant
- 1993 to 1998.
Manager Equities & PMS –
ANZ Grindlays Bank -
1989 – 1993.
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