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Prudential ICICI Mutual Fund These estimates have been made in good faith as per information available to the AMC and the total expenses may be more than as specified in the table above. However, as per the Regulations, the total recurring expenses that can be charged to the Scheme in this Offer Document shall be subject to the applicable guidelines. Expenses over and above the permitted limits will be borne by the AMC. The recurring expenses of the Schemes, and the additional management fee shall be as per the limits prescribed under Sub-Regulations(6) of Regulations 52 of the Regulations and shall not exceed the limits prescribed thereunder. C) FEES AND EXPENSES OF THE EXISTING SCHEMES. ICICI Mutual Fund, prior to the joint venture with Prudential, had launched two closed ended growth schemes, ICICI Premier, launched on November 30, 1993 and ICICI Power, launched on August 24, 1994 (since converted into an open-ended scheme). Subsequent to the joint venture with Prudential, the Fund launched three open-ended schemes (Prudential ICICI Growth Plan, Prudential ICICI Income Plan and Prudential ICICI Liquid Plan) on June 4, 1998 and one open ended scheme (Prudential ICICI FMCG Fund) on February 15, 1999. The Fund also launched Prudential ICICI Tax Plan, Prudential ICICI Gilt Fund, Prudential ICICI Balanced Fund, Prudential ICICI Technology Fund, Prudential ICICI Monthly Income Plan, Prudential ICICI Fixed Maturity Plan Prudential ICICI Child Care Plan, Prudential ICICI Index Fund, Prudential ICICI Dynamic Plan and SENSEX Prudential ICICI Exchange Traded Fund, on July 9,1999, July 21, 1999, September 20,1999, January 7, 2000, September 28, 2000, December 20, 2000, July 16, 2001, February 15, 2002, October 7, 2002 and January 6, 2003 respectively. The following are the additional Plans under the existing Schemes of the Fund: Sr. No. Additional Plan Existing Scheme Launch date 1 Prudential ICICI Gilt Fund - One Year Plus Plan Prudential ICICI Gilt Fund April 26, 2001 2 Prudential ICICI Short Term Plan Prudential ICICI Income Plan October 18, 2001 3 Prudential ICICI Long Term Plan Prudential ICICI Income Plan March 26, 2002 4 Prudential ICICI Sweep Plan Prudential ICICI Liquid Plan February 27, 2002 5 Prudential ICICI Fixed maturity Plan – Yearly 5 Prudential ICICI Fixed Maturity Plan March 22, 2002 6 Prudential ICICI Fixed Maturity Plan – Prudential ICICI Fixed Maturity Plan June 27, 2002 One Year Plus Plan 7. Prudential ICICI FMP Yearly- Series 7 Prudential ICICI Fixed Maturity Plan August 19, 2002 8. Prudential ICICI Fixed Maturity Plan – Prudential ICICI Fixed Maturity Plan September 16, One Year Plus Plan - Series 8 2002 9. Prudential ICICI Flexible Income Plan Prudential ICICI Income Plan September 16, 2002 10. Prudential ICICI Fixed Maturity Plan – Prudential ICICI Fixed Maturity Plan March 17, 2003 One Year Plus Plan - Series 12 11. Prudential ICICI Floating Rate Plan Prudential ICICI Income Plan March 28, 2003 12. Prudential ICICI Flexible Income Plus Plan Prudential ICICI Income Plan May 22, 2003 Initial Issue Expenses – Comparison of Estimated to Actuals Description ICICI Premier ICICI Power Estimated - % Actuals - % to Estimated - % Actuals - to Target Amount Subscription to Target Amount % to Subscription Advertising Expenses 1.75 1.48 1.50 1.61 Commission to agents & 2.00 1.36 1.75 2.53 brokers Registrar Expenses 0.75 0.10 1.25 0.07 Printing & Mailing 1.00 0.24 1.00 0.42 Miscellaneous 0.50 0.36 0.50 0.40 Total 6.00 3.54 6.00 5.03 Target Amount/ Rs.100 crore Rs.159 crore Rs.50 crore Rs.90.28 crore Amount Mobilised The Initial Issue Expenses relating to Liquid Plan, Income Plan, Growth Plan, Gilt Plan, Monthly Income Plan, Fixed Maturity Plan, Gilt Treasury- 1 Year Plus Plan, Short Term Plan, Sweep Plan, Long Term Plan, Fixed Maturity Plan- Yearly 5, Fixed Maturity Plan – One Year Plus Plan – Series 6, 7, 8 & 12 Prudential ICICI Flexible Income Plan, SENSEX Prudential ICICI Exchange Traded Fund, Prudential ICICI Floating Rate Fund and Prudential ICICI Flexible Income Plus Plan were borne by the AMC and the details thereof are furnished on page 63. 52
Prudential ICICI Balanced Fund Initial Issue Expenses - Prudential ICICI FMCG Fund, Prudential ICICI Tax Plan, Prudential ICICI Balanced Fund, Prudential ICICI Technology Fund, Prudential ICICI Child Care Plan, Prudential ICICI Index Fund and Dynamic Plan The Initial Issue Expenses charged to the Investors under Prudential ICICI FMCG Fund, Prudential ICICI Tax Plan, and Prudential ICICI Balanced Fund were limited to 1% of the amount mobilized during the Initial Offer Period. The initial issue expenses charged to Investors under Prudential ICICI Technology Fund were limited to 1.75% of the corpus mobilized under the Initial Offer Period. In respect of Prudential ICICI Child Care Plan, initial issue expenses to be charged to the Scheme are limited to 2.50% of the amount mobilised during the initial offer period under Gift Plan and 1.50% under Study Plan. Under Prudential ICICI Index Fund, the initial issue expenses to be charged to the Scheme is limited to 1.50% of the amount mobilized during the initial offer period. Under Prudential ICICI Dynamic Plan, the initial issue expenses to be charged to the Scheme is limited to 2.50% of the amount mobilized during the initial offer period(as mentioned in the offer document), whereas the actual initial issue expenses charged to the scheme were limited to 1.33%. The details of estimated Vs actual expenses are as under: Description FMCG Fund Tax Plan Gilt Fund Balanced Fund Technology Fund Estimated - Actual - % Estimated - Actual - % Estimated - Actual - % Estimated - Actual - % Estimated - Actual - % % to to % to to % to to % to to % to to Target Subscription Target Subscription Target Subscription Target Subscription Target Subscription Amount Amount Amount Amount Amount Advertising, 0.50 1.40 0.90 0.33 1.00 0.15 0.65 0.45 0.75 0.27 printing and other marketing expenses Collection, 0.25 0.12 0.60 0.04 0.25 0.01 0.25 0.01 0.25 0.04 Registrar and Bank charges Selling 1.00 0.93 1.00 1.06 - 0.02 1.00 1.01 1.00 1.49 Commissions Total 1.75 2.45 2.50 1.43 1.25 0.18 1.90 1.47 2.00 1.80 Target Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Rs. Amount/ 1.00 1.59 10.00 50.76 1.00 150.01 1.00 197.58 1.00 509 Amount crore crore lacs crores crore crore crore crores crores crores Description Child Care Child Care Child Care Index Fund TDynamic Plan Plan - Gift Plan - Study Plan - Gift & Plan Plan Study Plan Estimated - Estimated - Actual - % Estimated - Actual - % Estimated - Actual - % % to % to to % to to % to to Target Target Subscription Target Subscription Target Subscription Amount Amount Amount Amount Advertising, 1.85 2.28 11.86 1.25 Nil 0.75 Nil printing and (includes other marketing Selling expenses Commission) Collection, 0.35 0.35 0.63 0.25 Nil 0.25 Nil Registrar and Bank charges Selling 1.00 1.00 1.42 - Nil 1.50 1.33 Commissions Total 3.20 3.63 13.91 1.50 Nil 2.50 1.33 Target Amount/ Rs. Rs. Rs. Rs. Rs. Rs. Rs. Amount 1.00 1.00 10.62 1.00 7.86 7.86 17.64 Mobilised crore crore crores crore crores crores crores Note: 1. The Initial Issue Expenses under FMCG Fund were more due to higher advertisement costs. 2. As disclosed in the offer document of Child Care plan, Expenses to the extent of 2.50% of the amount mobilized during the Initial Offer Period under Gift Plan and 1.50% under Study Plan have been charged to the Scheme and the balance expenses have been borne by the AMC. 53
Page 1 and 2: Offer open for on-going purchase an
Page 3 and 4: l l l l l l HIGHLIGHTS Prudential I
Page 5 and 6: Sponsors Prudential ICICI Balanced
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Page 23 and 24: SECTION II Prudential ICICI Balance
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