Download ICICI Prudential AMC launches ICICI Prudential Dividend Yield

Press Release
For Immediate Release
ICICI Prudential AMC launches ICICI Prudential Dividend Yield Equity Fund
NFO period: 25th April – 09th May, 2014
Seeks capital appreciation from high dividend yielding companies
Highlights of the NFO:
• A fund that aims to invest in good companies with high dividend yields
• Investing in high dividend yielding companies within the framework of valuations and
fundamentals
• Aims to Invest across market capitalizations
• Benchmark : CNX Dividend Opportunities Index
Mumbai, April 18, 2014: ICICI Prudential Asset Management Company announced the launch of
ICICI Prudential Dividend Yield Equity Fund, an open ended equity fund that aims to provide
medium to long term capital gains and/or dividend distribution by investing in a welldiversified portfolio of predominantly equity and equity related instruments, which offer
attractive dividend yield.
The portfolio will be managed by Mr.Mrinal Singh, Fund Manager, ICICI Prudential AMC &
Mr.Vinay Sharma, Fund Manager, ICICI Prudential AMC. The fund would invest predominantly in
companies that have dividend yield greater than the dividend yield of CNX Nifty Index (last
released /published by NSE), at the time of investment.
Speaking on the launch of this fund and the thought behind it, Mr. Nimesh Shah, MD & CEO,
ICICI Prudential Asset Management Company said, “Companies with a good track record of
paying high dividends yields are seen as better investment options. Investing in such companies
is also one of Value Investing Strategy. In a bull market, such companies could add to the overall
capital appreciation and improve gains. In a bear or volatile market, they could compensate for
the limited scope of capital appreciation. Hence, a high dividend stock could find favor in any
market conditions.”
The companies with high dividend yields aim to provide:
• Quality- Stable Cash Flows and relatively strong market positions
• Strong physical asset- aim to provide price controls and to shell out dividends across
economic environments
• Rapid growth- Companies with proven dividend paying track record aim to provide
sustainability and growth of business model
• Dividend paying companies are relatively more accountable
• The share price of these companies tends to display low volatility.
The minimum application amount for the fund is Rs. 5,000 (plus in multiple of Rs.1) and
thereafter, one can avail the Systematic Investment Plan (SIP) with minimum additional
application amount of Rs. 1000 (plus in multiple of Re.1) (please see this as during the NFO
period, SIP is not available)
ICICI Prudential Asset Management Company Limited
For further information please contact:
Adil Bakhshi
Head - Corporate Communication
Direct line: (91.22) 4238 0274
Email Id: [email protected]
Bhushan Parab
Asst. Manager - Corporate Communication
Direct line: (91.22) 4238 0251
Email Id: [email protected]
Juhi Kapoor
Asst. Manager - Corporate Communication
Mobile : 9930067766
Email Id: [email protected]
Mihir Dani
Sr. Management Supervisor
IPAN Hill+Knowlton Strategies
Mobile: 9833424812
Email Id: [email protected]
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
Disclaimer: In the preparation of the material contained in this document, the AMC has used
information that is publicly available, including information developed in-house. Some of the
material used in the document may have been obtained from members/persons other than
the AMC and/or its affiliates and which may have been made available to the AMC and/or to
its affiliates. Information gathered and material used in this document is believed to be from
reliable sources. The AMC however does not warrant the accuracy, reasonableness and / or
completeness of any information. We have included statements / opinions /
recommendations in this document, which contain words, or phrases such as “will”, “expect”,
“should”, “believe” and similar expressions or variations of such expressions, that are
“forward looking statements”. Actual results may differ materially from those suggested by
the forward looking statements due to risk or uncertainties associated with our expectations
with respect to, but not limited to, exposure to market risks, general economic and political
conditions in India and other countries globally, which have an impact on our services and / or
investments, the monetary and interest policies of India, inflation, deflation, unanticipated
turbulence in interest rates, foreign exchange rates, equity prices or other rates or prices etc.
The AMC (including its affiliates), the Mutual Fund, the trust and any of its officers, directors,
personnel and employees, shall not liable for any loss, damage of any nature, including but
not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of
profit in any way arising from the use of this material in any manner. The recipient alone shall
be fully responsible/are liable for any decision taken on this material.
ICICI Prudential Asset Management Company Limited
The portfolio of the scheme is subject to changes within the provisions of the Scheme
Information document of the scheme. Please refer to the SID for investment pattern, strategy
and risk factors.
Investors are advised to consult their own legal, tax and financial advisors to determine
possible tax, legal and other financial implication or consequence of subscribing to the units of
ICICI Prudential Mutual Fund.
About ICICI Prudential AMC:
ICICI Prudential Asset Management Company Ltd. (IPAMC) is a joint venture between ICICI Bank,
a leading and trusted name in financial services in India and Prudential Plc, one of United
Kingdom’s largest players in the financial services sector
The company has forged a position of preeminence in the Indian Mutual Fund industry. It is one
of the leading Asset Management Company’s contributing significantly towards the
development of the Indian Investor and the growth of the Indian mutual fund industry.
From a well - diversified range of investment solutions that cater to all its investors needs to
various facilities and services to make investing simpler, ICICI Prudential AMC is always looking
to create long-term wealth and value for investors through innovation, consistency and
sustained risk adjusted performance. Today, the organization is an ideal mix of investment
expertise, resource bandwidth & process orientation. It is always looking to take an extra step to
simplify its investor’s journey to meet their financial goals, while ensuring that it maintains pace
with rapidly changing technologies.
ICICI Prudential Asset Management Company Limited