ICICI Prudential Regular Savings Fund

ICICI Prudential Regular Savings Fund (IPRSF) is accrual based fixed income product with a focus on earning superior levels of returns at lower level of risk.

1. It seeks to provide stability (Through investments in debt securities) liquidity and tax efficient returns.

2. Suitable for retail investors who are looking for a safe debt fund for medium to long term horizon.

3. Comparable in terms of concept to an open ended fixed maturity plan with duration of about 3 years.

4. Suitable for investors who are looking to lock into the current elevated returns of short term interest rates.

5. Ideal replacement for risk averse fixed income investors who are invested into MIPs last year.

Fund Positioning: Positioned between a Short term plan and an Income Plan in terms of risk return profiling.

Key Highlights of IPru RSF Portfolio

1. Composed of Corporate Bonds and CDs focused on accrual income.

2. Maturity of these papers is in the 1 year space. 1 year rates are currently very high, even higher than current 2 year and 3 year rates.

3. Composed of high credit quality - 58% in AAA and equivalent rated securities.

4. Composed of highly liquid securities (-37% in CDs) to benefit from expected fall in interest rates. CDs can be liquidated much quickly and easily as compared to PTCs.

5. Running YTM is highest amongst peers with lowest average maturity.

6. Highest Risk adjusted Returns amongst peers.

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.