OFFER DOCUMENT
Balanced Offer Document - Appuonline.com
Balanced Offer Document - Appuonline.com
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Prudential ICICI Mutual Fund<br />
The percentage of brokerage paid to ICICI Brokerage Services Limited (IBSL) was @0.26% and for ICICI Web Trade Ltd.<br />
@0.15% of transaction value and the same was in line with the norms relating to brokerage payments for secondary<br />
market transactions of the Fund. The total business given to IBSL amounted to Rs.14.098 lakhs, Rs.1,391.54 lakhs,<br />
Rs.8,106.27 lakhs and 12,927.72 lakhs during the year 1999-2000, 2000-2001, 2001-2002 and 2002-2003 respectively.<br />
Further, during the period from April 1, 2003 to August 31, 2003, total business given to IBSL amounted to Rs. 7,863.25<br />
lakhs. Further, IBSL was paid a sum of Rs. 305,650 in connection with the rollover of ICICI Premier scheme towards<br />
service charges, in the year 1998-99.<br />
During the period from April 1, 2000 to August 31, 2003, total business given to ICICI Web Trade Ltd. and ICICI Securities<br />
Limited amounted to Rs. 449.52 lakhs and 30.05 lakhs respectively.<br />
Dealings with Associate Companies<br />
The AMC may, from time to time, for the purpose of conducting its normal business, use the services of the Sponsor,<br />
subsidiaries of its Sponsors/ associate companies of AMC. Such entities as on the date of this document include ICICI<br />
Bank, a scheduled commercial bank, ICICI Infotech Services Limited, a registrar and transfer agent; ICICI Brokerage Services<br />
Limited, a brokerage house, ICICI Venture Funds Management Company Limited, a venture funds management company,<br />
ICICI Securities and Finance Company Limited (I Sec), an investment bank, ICICI Prudential Life Insurance Company Limited<br />
carrying out insurance business, ICICI Web Trade Limited an online brokerage firm and Way2Wealth Securities Private<br />
Limited. The AMC may utilize the services of these group companies and any other subsidiary or associate company of<br />
the Sponsors/AMC established or to be established at a later date in case such an associate company is in a position to<br />
provide the requisite services to the AMC. The AMC will conduct its business with the aforesaid companies on commercial<br />
terms and on an arm’s length basis and at the then prevailing market rates to the extent permitted under the applicable<br />
laws including the Regulations, after an evaluation of the competitiveness of the pricing offered by the associate companies<br />
and the services to be provided by them.<br />
Associate transactions, if any carried out, will be as per the Regulations and the limits prescribed thereunder. The<br />
Regulations currently prescribe the following limits:<br />
The mutual fund scheme shall not make any investment in;<br />
1. any unlisted security of an associate or group company of the Sponsor; or<br />
2. any security issued by way of private placement by an associate or group company of the Sponsor; or<br />
3. the listed securities of group companies of the Sponsor which is in excess of 25% of the net assets of such scheme.<br />
The above restrictions and limits are also applicable to this Scheme. The AMC will, before investing in the securities of<br />
the group companies of the sponsor, evaluate such investments, the criteria for the evaluation being the same as is<br />
applied to other similar investments to be made under the Scheme. Investments under the Scheme in the securities of<br />
the group companies will be subject to the limits under the Regulations.<br />
4) Details of investment in companies that hold more than 5% of NAV of Schemes managed by the AMC, as on August<br />
31, 2003 :<br />
Hero Honda Limited<br />
Name of Scheme Quantity Amount (Rs.) % of NAV<br />
Equity<br />
Prudential ICICI Index Plan 7,049 2,074,521 1.28<br />
Sensex Prudential ICICI Exchange Traded Fund 13,280 3,858,504 1.65<br />
HCL Technologies Limited<br />
Hindustan Lever Limited<br />
Name of Scheme Quantity Amount % of NAV Quantity Amount % of NAV<br />
(Rs.)<br />
(Rs.)<br />
Equity<br />
Prudential ICICI Child Care Plan – Study - - - 671,256 4,216,629 2.58<br />
Prudential ICICI Index Fund 10,192 1,886,030 1.16 77,900 14,458,240 8.92<br />
Sensex Prudential ICICI Exchange Traded Fund 19,176 3,521,672 1.51 146,209 26,975,561 11.54<br />
Prudential ICICI Long Term Plan - - - 3,900,000 24,498,630 0.99<br />
Prudential ICICI FMCG Fund - - - 472,608 87,196,176 22.06<br />
Prudential ICICI Dynamic Plan 100,000 18,365,000 1.65 150,000 27,675,000 2.49<br />
Prudential ICICI Technologies Fund 749,027 137,558,809 10.40 - - -<br />
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