OFFER DOCUMENT

Prudential ICICI Mutual Fund
h) Duration of the Scheme/ Winding up.
The duration of the Scheme is perpetual. The AMC, the Fund and the Trustee reserve the right to make such changes/
alterations the Scheme (including the charging of fees and expenses) offered under this Offer Document to the extent
permitted by the applicable Regulations. However, in terms of the Regulations, a Scheme may be wound up after repaying
the amount due to the Unitholders:
1. On happening of any event, which in the opinion of the Trustee, requires the Scheme to be wound up, OR
2. If seventy five percent (75%) of the Unitholders of the Schemes pass a resolution that the Scheme be wound up, OR
3. If SEBI so directs in the interest of the Unitholders
Where the Scheme is so wound up, the Trustee shall give notice of the circumstances leading to the winding up of the
Scheme to:
1. SEBI and,
2. In two daily newspapers with circulation all over India and in one vernacular newspaper with circulation in Mumbai.
On and from the date of the publication of notice of winding up, the Trustee or the Investment Manager, as the case
may be, shall:
1. Cease to carry on any business activities in respect of the Scheme so wound up;
2. Cease to create or cancel Units in the Scheme;
3. Cease to issue or redeem Units in the Scheme.
i) Procedure and manner of Winding up
The Trustee shall call a meeting of the Unitholders to approve by simple majority of the Unitholders present and voting
at the meeting for authorizing the Trustee or any other person to take steps for the winding up of the Scheme.
The Trustee or the person authorized above, shall dispose of the assets of the Scheme concerned in the best interest of
the Unitholders of the Scheme.
The proceeds of sale realized in pursuance of the above, shall be first utilized towards discharge of such liabilities as are
due and payable under the Scheme, and after meeting the expenses connected with such winding up, the balance shall
be paid to Unitholders in proportion to their respective interest in the assets of the Scheme, as on the date the decision
for winding up was taken.
On completion of the winding up, the Trustee shall forward to SEBI and the Unitholders a report on the winding up,
detailing the circumstances leading to the winding up, the steps taken for disposal of the assets of the Scheme before
winding up, net assets available for distribution to the Unitholders and a certificate from the auditors of the Fund.
Notwithstanding anything contained herein above, the provisions of the Regulations in respect of disclosures of halfyearly
reports and annual reports shall continue to be applicable , until winding up is completed or the Scheme ceases to
exist.
After the receipt of the report referred to above, if SEBI is satisfied that all measures for winding up of the Scheme have
been complied with, the Scheme shall cease to exist.
j) Tax benefits of investing in the Mutual Fund
The following information is provided only for general information purposes. In view of the individual nature of tax
benefits, each investor is advised to consult with his or her own tax consultant with respect to the specific tax implications
arising out of their participation in the scheme.
The Scheme’s auditors, N. M. Raiji and Co. have confirmed that based on the law in force, the following benefits may
accrue to the respective assesses:
I. TO THE MUTUALFUND
The Income of the Fund registered under Securities and Exchange Board of India Act, 1992 (15 of 1992) or regulations made
thereunder will be exempt from income tax in accordance with the provisions of section 10(23D) of the Act. The income received
by the Fund is not liable for deduction of tax at source.
The Finance Act 2003 has amended the provisions of section 115R of the Act, whereby the Mutual Fund will be liable to pay
additional income tax at the rate of 12.5% plus applicable surcharge, on the income distributed by the Fund.
In view of the above amendment made by the Finance Act 2003, the Fund not being an open-ended equity oriented fund would
be liable to pay additional tax on the income distributed by it on or after April 1, 2003.
II. TO THE UNITHOLDERS
A. INCOME RECEIVED FROM MUTUTAL FUND
Finance Act 2003 has inserted section 10(35), whereby any income received in respect of units of Mutual Fund specified
under clause (23D) of section 10, in respect of Assessment Year 2004-2005 will be exempt from income tax in the hands
of the unit holders. Further, it has been clarified that income arising from transfer of units of Mutual Fund shall not be
exempt under section 10(35).
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