Icici Prudential Asset Management Company Ltd. · NSE:ICICIAMC

Icici Prudential Asset Management — Investor Presentation (July 2025)

58 slides from Icici Prudential Asset Management's investor presentation, July 2025

1. Slide 1: Investment Proposal for Trusts

   INVESTMENT PROPOSAL FOR TRUSTS July 2025

2. Slide 2: Exchange Traded Funds (ETFs) & Index Funds

   EXCHANGE TRADED FUNDS(ETFs) & INDEX FUNDS

3. Slide 3: Advantages of ETFs

   Advantages of ETF’s • ETFs offer two sources of liquidity: • Investors can monitor their *AMC and Stock Exchange ETF holdings, price and costs Liquidity Transparency Diversification • ETFs offer a cost-effective route to • ETFs provide immediate exposure to a Cost diversify market exposure basket or

4. Slide 4: Key Products – ETFs & Index Funds

   Key Products –ETF’s & Index Funds Exchange Traded Funds (ETF’s) Index Funds BHARAT 22 ETF ICICI Prudential Nifty 50 Index Fund: (NSE Scrip Code:ICICIB22 , BSE Scrip Code:540787) An open ended Index scheme replicating Nifty 50 An open-ended Exchange Traded Fund investing in BSE Index Bharat 22 Index

5. Slide 5: Navigating the Turning Points: Fixed Income Outlook

   Navigating the Turning Points FIXED INCOME OUTLOOK

6. Slide 6: Navigating the Turning Points

   Navigating the Turning Points “ We have consistently maintained that the direction of interest rates is influenced by the business cycle. In 2024, the economy slowed primarily due to liquidity deficit, regulatory tightening, and fiscal consolidation. By 2025, this slowdown was tackled through a mix

7. Slide 7: Macro Check: Where are we in the Growth Cycle?

   Macro Check Where are we in the Growth Cycle? The recent slowdown in economic growth was a mid-cycle correction of a broader expansion phase. Timely policy support through rate cuts, liquidity infusions, and a more relaxed regulatory environment has laid the foundation for a swift recovery. India Fi

8. Slide 8: Turning Points: RBI's Policy Stimulus

   Turning Points RBI’s Policy Stimulus The MPC delivered major rate cuts and easing to revive growth. So far, the MPC has delivered 100 bps of repo rate cut, 100 bps CRR cut, besides the liquidity easing measures done on a regular basis. Neutral Stance Accommo Neutral dative 100 bps Stance Stance CRR

9. Slide 9: How Markets Reacted to Turning Points (Term Spreads)

   Turning Points How Markets Reacted to Turning Points Term spreads expanded as the shorter-end of the yield curve declined due to rate cuts. However, the longer-end of the curve did not cool down as much, causing a bear steepening of the yield curve. Corporate Bond AAA 5Y - 2Y Spread G-sec Yield 10Y

10. Slide 10: How Markets Reacted to Turning Points (Credit Spreads)

    Turning Points How Markets Reacted to Turning Points Credit spreads narrowed as rate cuts, liquidity surplus led to bond investors chasing high yields in AAA segment. Demand was higher in the 1-year AAA bond space due to favorable yield-duration risk dynamics. Credit Spread (1Y AAA – 1Y G-sec) Credi

11. Slide 11: Outlook on Fixed Income

    Outlook on Fixed Income • In our assessment, the slowdown in Indian economy was a mid-cycle correction. The cooling in yields reflected this slowdown. • However, timely policy support has ensured faster recovery and that growth moves back into trend. This is likely to have a direct impact on yields

12. Slide 12: Fixed-Income Approach

    Fixed-Income Approach 10 9 Highly Aggressive We are cautious on 8 DURATION due to recovery Aggressive in the expansion phase of the 7 business cycle and global 6 uncertainties. 5 Moderate 4 We recommend Accruals + 3 Cautious Active Duration 3.12 Management in the current 2 scenario. 1 Very Cautious

13. Slide 13: Our Key Recommendations

    Our Key Recommendations PARKING OPTION SHORT TERM LONG TERM (3-12 Months) (1-3 Years) (More than 3 Years) • ICICI Prudential All Seasons Bond Fund • ICICI Prudential Money Market Fund • ICICI Prudential Short Term Fund • ICICI Prudential Ultra Short Term Fund • ICICI Prudential Corporate Bond Fund •

14. Slide 14: Product Suite

    Product Suite GILT Strategy with 10Y Constant Long Duration Duration Long Term Constant Maturity Medium to Long Bond Approach Gilt Approach Bond Approach * Banking & PSU Short Duration Banking & PSU Debt Approach Low Duration Short Term Approach Money Market Savings Approach Corporate Bond Overnight

15. Slide 15: What drives our investment decision?

    What drives our investment decision? “The philosophy is aimed at optimizing risk adjusted returns by investing in reasonable grade credits, efficiently managing duration rate-risk without compromising on liquidity risk” • Evaluate a borrower's ability and willingness to service debt Safety • Investm

16. Slide 16: ICICI Prudential Liquid Fund

    Get easy liquidity and aim for reasonable returns ICICI Prudential Liquid Fund Aims to provide reasonable returns commensurate with low risk and providing a high level of liquidity, through investments made primarily in money market and debt instruments High Credit Quality: As on June 30, 2025, the

17. Slide 17: Fixed Income Schemes & Debt Quants

    Fixed Income Schemes & Debt Quants Average Annualised Modified Macaulay Exposure to Scheme Name AUM Portfolio AAA* (Rs. In Crs) Maturity Duration Duration (in Years) YTM (in Years) (in Years) securities ICICI Prudential Money Market Fund 29,264.4 0.68 6.33% 0.64 0.67 99.8% ICICI Prudential Savings F

18. Slide 18: Fixed Income Schemes & Debt Quants

    Fixed Income Schemes & Debt Quants Average Annualised Modified Macaulay Exposure to Scheme Name AUM Portfolio AAA* (Rs. In Crs) Maturity Duration Duration (in Years) YTM (in Years) (in Years) securities ICICI Prudential Liquid Fund 49,517.3 0.16 5.96% 0.15 0.16 99.7% ICICI Prudential Bond Fund 2,867

19. Slide 19: Equity Market Outlook

    EQUITY MARKET “OUTLOOK: @icici — PRUDENTIAL MUTUAL FUND

20. Slide 20: Global Slowdown v/s India's Steady Rise

    Global Slowdown v/s India’s Steady Rise While global environment is becoming more challenging with increased trade barriers, policy uncertainty, high inflation etc. India’s remains resilient with steady growth and low inflation Global Real GDP Growth- OECD Projections - (%) Inflationary Trends in In

21. Slide 21: Rising share in World Export

    Rising share in World Export Solid infra build up in the nation, rising digitization & financialization, nation emerging as a favorable manufacturing destination etc. have all contributed to India’s rising share in world exports 2.0% Share in World Exports Rising 5.5% Share in World's Services Expor

22. Slide 22: Consumption driven Economy

    Consumption driven Economy Alongside expanding its global footprint, India remains firmly focused on domestic consumption supported by rising income levels & evolving consumer preferences Household's Final Consumption Expenditure Private Consumption, YoY% (% of GDP) 25% 70 20% 60 Share of Consumptio

23. Slide 23: Valuations – SMIDs continue to remain high

    Valuations – SMIDs continue to remain high Valuations although have come off from its Sep-24 highs but continue to remain high in the mid & smallcap space As a % of Total Market Cap Period Top 50 Next 50 Midcap 150 Smallcap 250 2014 62.5 14.3 14.1 9.1 2015 59.8 14 15.2 11 2016 58.8 14.1 15.3 11.8 20

24. Slide 24: Valuations not cheap

    Valuations not cheap Our in-house Equity Valuations Index suggest that market valuations are not cheap and continue to remain in neutral zone 170 150 Book Partial Profits 130 117.1 Incremental Money to Debt 110 Neutral 90 Invest in Equities 70 Aggressively Invest in Equities 50 Jun-06 Jun-05 Jun-07

25. Slide 25: Summary and Our View

    Summary and Our View Global macros at this point of time are more challenging which may impact global growth Contrary to this, India's fundamental attributes are robust and sustainable – Clean balance sheets, a structural increase in consumption, unwavering domestic demand, and fiscal prudence. Henc

26. Slide 26: Our Key Recommendations

    Our Key Recommendations ‘D’ynamic / Flexible Mandate Equity Schemes ‘C’apitalization preference (for long term wealth creation) (large cap biased schemes ‘B’road Equity Schemes to manage volatility & for  IPRU Value Fund* (for long term systematic wealth creation)  IPRU Flexicap Fund ‘A’sset alloc

27. Slide 27: Product suite – Key open ended Equity & Hybrid

    Product suite – Key open ended Equity & Hybrid Defensive Moderate Aggressive ICICI Prudential Equity and Debt ICICI Prudential Large Cap Fund^ ICICI Prudential Small Cap Fund Fund ICICI Prudential ELSS Tax Saver Fund ICICI Prudential Midcap Fund ICICI Prudential Multi-Asset Fund ICICI Prudential Val

28. Slide 28: What drives our investment decision?

    What drives our investment decision? • We have a well thought out investment process which has evolved over time and is institutionalized • Local presence combined with the team’s strong experience ensures a fair degree of familiarity for companies we invest in • We use a combination of top-down & b

29. Slide 29: ICICI Prudential Large Cap Fund Portfolio Positioning

    An opportunity to grow with Big companies ICICI Prudential Large Cap Fund PORTFOLIO POSITIONING Overweight / Underweight sectors relative to the benchmark i.e. Nifty 100 TRI Index Overweight Underweight Top 5 Industry Holdings % to NAV Sectors Sectors Banks 23.73% Automobiles 9.43% Petroleum Product

30. Slide 30: Value Investing through ICICI Prudential Value Discovery Fund

    Value Investing through ICICI Prudential Value Discovery Fund PORTFOLIO POSITIONING The portfolio seeks value opportunities across market caps DYNAMIC The portfolio of the scheme is subject to changes within the provisions of the Scheme Information Document of the Scheme. The asset allocation and in

31. Slide 31: ICICI Prudential Multicap Fund

    Reach for opportunities of all sizes ICICI Prudential Multicap Fund Flexibility Approach Well Mitigating to invest minimum Can benefit Diversified stock 25% each in large, from both The portfolio is well concentration mid and small cap Growth and diversified and capping on per stock stocks Value avo

32. Slide 32: Diversification through ICICI Prudential Balanced Advantage Fund

    Diversification through ICICI Prudential Balanced Advantage Fund • ICICI Prudential Balanced Advantage Fund (BAF) seeks to remove the psychological barrier (Greed & Fear) for its investors. • The Scheme aims to allocate Higher in Equity when the Equity Market Valuation is Low and Lower when the Equi

33. Slide 33: Our Top SIP Recommendations

    Our Top SIP Recommendations SIP ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential Asset Allocator Balanced Multi-Asset Business Cycle Fund (FOF)* Advantage Fund Fund Fund SIP – Systematic Investment Plan. The asset allocation and investment strategy will be as per Scheme Informatio

34. Slide 34: Our Long term SIP Recommendations with Freedom SIP

    Our Long term SIP Recommendations with Freedom SIP SIP ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential Value Fund Smallcap Fund Midcap Fund Focused Equity Fund ICICI Prudential Freedom SIP* is a combination of Features, to help investors achieve their Financial Goals. Freedom SIP

35. Slide 35: Our Product Debt Schemes Offerings

    Our Product Debt Schemes Offerings Main Main Category Our Offerings Catg. Offering Description Government Securities And i • ICICI Prudential Gilt Fund Related Investments • ICICI Prudential Banking & PSU Debt Fund Debt Instruments And Related ii • ICICI Prudential Corporate Bond Fund Investments •

36. Slide 36: Our Equity Schemes

    Our Equity Schemes Scheme Name Type of Scheme ICICI Prudential Large Cap Fund* An open ended equity scheme predominantly investing in large cap stocks ICICI Prudential Large & Mid Cap Fund An open ended equity scheme investing in both large cap and mid cap stocks. ICICI Prudential Midcap Fund An ope

37. Slide 37: Our Hybrid/ Fund of Fund/ Passive Schemes

    Our Hybrid/ Fund of Fund/ Passive Schemes Scheme Name Type of Scheme ICICI Prudential Balanced Advantage Fund An open ended dynamic asset allocation fund ICICI Prudential Regular Savings Fund An open ended hybrid scheme investing predominantly in debt instruments ICICI Prudential Equity Savings Fund

38. Slide 38: Our Fixed Income Schemes

    Our Fixed Income Schemes Scheme Name Type of Scheme ICICI Prudential Ultra Short An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the Term Fund portfolio is between 3 months and 6 months. A moderate interest rate risk and moderate credit risk. IC

39. Slide 39: Our Fixed Income Schemes

    Our Fixed Income Schemes Scheme Name Type of Scheme An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A ICICI Prudential Corporate Bond Fund relatively high interest rate risk and moderate credit risk. An open ended debt scheme investing in money market instru

40. Slide 40: Riskometers

    Riskometers Riskometers ICICI Prudential Business Cycle Fund (An open ended equity scheme following business cycles based investing theme) is suitable for investors who are seeking*:  Long term wealth creation  An equity scheme that invests in Indian markets with focus on riding business cycles th

41. Slide 41: Riskometers

    Riskometers Riskometers ICICI Prudential Value Fund (Erstwhile ICICI Prudential Value Discovery Fund) (An open ended equity scheme following a value investment strategy) is suitable for investors who are seeking*:  Long Term Wealth Creation  An open ended equity scheme following a value investment

42. Slide 42: Riskometers

    Riskometers ICICI Prudential ELSS Tax Saver Fund (Erstwhile ICICI Prudential Long Term Equity Fund (Tax Saving)) (An open ended Equity Linked Savings Scheme with a statutory lock in of 3 years and tax benefit) is suitable for investors who are seeking*:  Long term wealth creation solution  An Equi

43. Slide 43: Riskometers

    Riskometers ICICI Prudential Innovation Fund (An open ended equity scheme following innovation theme) is suitable for investors who are seeking*:  Long term wealth creation  An equity scheme that invests in stocks adopting innovation strategies or themes. *Investors should consult their financial

44. Slide 44: Riskometers

    Riskometers ICICI Prudential Equity Savings Fund (An open ended scheme investing in equity, arbitrage and debt) is suitable for investors whoare seeking*:  Long term wealth creation  An open ended scheme that seeks to generate regular income through investments in fixed income securities, arbitrag

45. Slide 45: Riskometers

    Riskometers BHARAT 22 ETF (An open-ended Exchange Traded Fund investing in BSE Bharat 22 Index) is suitable for investors who are seeking:*  Long term wealth creation  An Exchange Traded Fund that aims to provide returns that closely correspond to the returns provided by BSE Bharat 22 Index, subje

46. Slide 46: Riskometers

    Riskometers ICICI Prudential Asset Allocator Fund (FOF) (An open ended fund of funds scheme investing in equity oriented schemes, debt oriented schemes and gold ETFs/schemes.) is suitable for investors who are seeking:*  Long term wealth creation  An open ended fund of funds scheme investing in eq

47. Slide 47: Riskometers

    Riskometers ICICI Prudential India Opportunities Fund (An open ended equity scheme following special situations theme) is suitable for investors who are seeking:*  Long term wealth creation  An equity scheme that invests in stocks based on special situations theme. *Investors should consult their

48. Slide 48: Riskometers

    Riskometers ICICI Prudential Thematic Advantage Fund (FOF) (An open ended fund of funds scheme investing predominantly in Sectoral/Thematic schemes) is suitable for investors who are seeking*:  Long term wealth creation  • An open ended fund of funds scheme investing predominantly in Sectoral/Them

49. Slide 49: Riskometers

    Riskometers Please note that the Risk-o-meter(s) specified will be evaluated and updated on a monthly basis. The below riskometers are as on Jun 30, 2024. Please refer to https://www.icicipruamc.com/news- and-updates/all-news for more details. ICICI Prudential Banking & PSU Debt Fund ICICI Prudential

50. Slide 50: Riskometers

    Riskometers Please note that the Risk-o-meter(s) specified will be evaluated and updated on a monthly basis. The below riskometers are as on Jun 30, 2024. Please refer to https://www.icicipruamc.com/news- and-updates/all-news for more details. ICICI Prudential Floating Interest Fund ICICI Prudential

51. Slide 51: Riskometers

    Riskometers Please note that the Risk-o-meter(s) specified will be evaluated and updated on a monthly basis. The below riskometers are as on Jun 30, 2024. Please refer to https://www.icicipruamc.com/news- and-updates/all-news for more details. ICICI Prudential Corporate Bond Fund ICICI Prudential Sho

52. Slide 52: Riskometers

    Riskometers Please note that the Risk-o-meter(s) specified will be evaluated and updated on a monthly basis. The below riskometers are as on Jun 30, 2024. Please refer to https://www.icicipruamc.com/news- and-updates/all-news for more details. ICICI Prudential Bond Fund ICICI Prudential Long Term Bon

53. Slide 53: Riskometers

    Riskometers Please note that the Risk-o-meter(s) specified will be evaluated and updated on a monthly basis. The below riskometers are as on June 30, 2024. Please refer to https://www.icicipruamc.com/news- and-updates/all-news for more details. ICICI Prudential Income plus Arbitrage Active FOF (erstw

54. Slide 54: YTM Disclaimer

    YTM Disclaimer ICICI Prudential ICICI Prudential ICICI Prudential ICICI Prudential Gilt ICICI Prudential Long ICICI Prudential Bond ICICI Prudential Liquid ICICI Prudential Scheme Name Banking & PSU Debt Savings Fund Floating Interest Fund Fund Term Bond Fund Fund Fund Corporate Bond Fund Fund An op

55. Slide 55: YTM Disclaimer

    YTM Disclaimer ICICI ICICI Prudential ICICI Prudential Medium Prudential All ICICI Prudential Ultra ICICI Prudential ICICI Prudential ICICI Prudential Short ICICI Prudential Scheme Name Constant Maturity Gilt Term Bond Fund Seasons Bond Short Term Fund Overnight Fund Credit Risk Fund Term Fund Money

56. Slide 56: Potential Risk Class Matrix

    Potential Risk Class Matrix The potential risk class (PRC) matrix based on interest rate risk and credit risk, is as below: SR No. Scheme Name Position in the Matrix 1 ICICI Prudential Overnight Fund 2 ICICI Prudential Long Term Bond Fund 3 ICICI Prudential Gilt Fund 4 ICICI Prudential Constant Matu

57. Slide 57: Potential Risk Class Matrix

    Potential Risk Class Matrix The potential risk class (PRC) matrix based on interest rate risk and credit risk, is as below: SR No. Scheme Name Position in the Matrix 6 ICICI Prudential Liquid Fund 7 ICICI Prudential Money Market Fund 8 ICICI Prudential Ultra Short Term Fund 9 ICICI Prudential Saving

58. Slide 58: Riskometers

    Riskometers Mutual Fund investments are subject to market risks, read all scheme related documents carefully. All figures and other data given in this document are dated as of Jun 30, 2025 unless stated otherwise. The same may or may not be relevant at a future date. The information shall not be alt

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