Investment Objective

• This scheme invests in equity and equity related instruments and is suitable for investors looking for capital growth
• Since, this scheme gives tax benefit u/s 80C, there is a lock in period of 3 years

Who Should Invest?

• An individual looking at investing for the long term horizon of at least 3-5 years
• An individual with moderate - high risk appetite
• An individual looking at Sec 80C for tax exemption up to Rs 100,000

About the Fund Manager - Mr. Sankaran Naren

• Education: B.Tech (IIT Chennai) and PGDM (IIM Kolkata).
• Experience: Research and Fund Management role at Refco Sify Securities India Pvt Ltd, HDFC Securities Ltd and Yoha Securities
• Other Schemes Managed: ICICI Prudential Discovery Fund, Dynamic Fund, Indo Asia Equity Fund

Scheme Details

Performance Review (As on 9th Feb 2010)

• ICICI Prudential Tax Plan has always managed to outperform its benchmark (S&P CNX Nifty)
• Being more than 10 year old fund in tax saving category, ICICI Prudential Tax Plan has proved its worth by consistently outperforming its benchmark (S&P CNX 500) and its peers with a good margin

Portfolio Analysis (As on 9th Feb 2010)

• Software, Pharmaceutical and Oil & Petroleum are the preferred sectors in the portfolio
• Increased exposure is seen in Engineering, Metals and Housing & Construction sector. As a result, the manager has bought large number of shares in Kirloskar Brothers in last 1 month

iTrust's Observations

• The fund has consistently been performing well when compared with its benchmark and peers. Being an Equity Linked Saving Scheme with a lockin period of 3 years, the fund manager has the flexibility to hold the stocks for long term horizon as there is limited redemption pressure.
• The fund manager has maintained a diversified portfolio across sectors and stocks. This has enabled the fund to diversify the risk in investments made in laggard sector
• This fund consistently follows the strategy of maintaining a multi cap (large, mid and small cap) portfolio fetching the benefit of different market situations currently holding over 50% exposure to mid cap stocks. Greater mid cap holding has resulted in high returns for the fund in the recent market uptrend

Disclaimer

Neither the information, nor any opinion contained in this note constitutes a solicitation or offer by iTrust to buy or sell any mutual fund units. The information contained in this sheet is generic. Please consult your financial advisor for suitability of the product.
- MUTUAL FUNDS ARE SUBJECT TO MARKET RISK. PLEASE READ THE OFFER DOCUMENT CAREFULLY BEFORE INVESTING.