ICICI Pru P.H.D Fund - Direct (IDCW)

Change in the name of the Scheme:

Change in Fund Manager of the Scheme:

Invesco India Large Cap Fund – IDCW Option & Direct IDCW Option: 3.00

Invesco India Infrastructure Fund – IDCW Option & Direct IDCW Option: 4.50

Invesco India Small Cap Fund – IDCW Option & Direct IDCW Option: 3.00

Invesco India Focused Fund – IDCW Option & Direct IDCW Option: 2.50

Change in Fund Manager of the Scheme:

The NFO opened on January 29, 2025, and will close on February 12, 2025. The fund aims to achieve long-term capital appreciation by investing primarily in equity and equity-related instruments. The benchmark for the fund is the Nifty 500 Total Return Index.

The fund will be market-cap agnostic, investing in up to approximately 35 high-conviction stocks with a high active share. It will be managed by Niket Shah (chief investment officer, fund manager), Atul Mehra (fund manager), Rakesh Shetty (fund manager debt component) and Sunil Sawant (fund manager - overseas component).

A 1% exit load will apply if redeemed within 90 days of allotment. Redemptions after 90 days will not incur an exit load. The fund is suitable for investors seeking long-term capital appreciation through investments in companies adopting innovative strategies.

MOMF emphasizes the fund's forward-thinking approach, aiming to identify unique opportunities and capitalize on emerging trends. It will employ a bottom-up investment strategy, positioning the portfolio as "Anti-Fragile" to navigate market volatility.

Prateek Agrawal, MD & CEO, Motilal Oswal Asset Management Company, said "India is making remarkable strides in innovation, climbing from **66th position in 2013 to 39th in 2024 on the Global Innovation Index and securing #3rd place in the Global Unicorn Index. This progress is driven by developments in digital transformation, a thriving start-up ecosystem, the adoption of green energy, and government schemes such as PLI and Make in India. We believe that with the right demographics and changing consumer needs driven by convenience and high disposable income, India is poised to reach the cusp of innovation, unlocking investment opportunities in disruptive and innovative companies."

Niket Shah, Chief investment Officer, Motilal Oswal Mutual Fund, said, "Our innovation fund is designed for investors seeking exposure to transformative opportunities in India''s growth story. It aims to capitalize on opportunities or challenges faced by companies, sectors, or the economy, aiming to leverage temporary disruptions driven by our strong research expertise. It will follow a disciplined investment approach based on our Quality, Growth, Longevity, and Price (‘QGLP’) philosophy, prioritizing a minimum threshold set for ROCE/ROE to ensure sustainable growth by investing in themes identified by investment team collectively. Currently, the fund will have 65% representation in house themes, 25% allocation outside house themes, and a 10% provision for risk mitigation."

Change in Fund Management Responsibilities:

Nippon India Small Cap Fund:

Regular Plan – IDCW: 7.50

Direct Plan – IDCW: 8.00

Nippon India Banking & Financial Services Fund:

Regular Plan – IDCW: 5.50

Direct Plan – IDCW: 7.00

DSP India T.I.G.E.R Fund:

Regular Plan – IDCW: 2.4000

Direct Plan – IDCW: 4.4000

DSP Global Clean Energy Fund of Fund:

Regular Plan – IDCW: 0.6000

Direct Plan – IDCW: 0.7000

DSP Focus Fund:

Regular Plan – IDCW: 1.8000

Direct Plan – IDCW: 3.4000

Change in Fund Management Responsibilities:

Tata Hybrid Equity Fund – Regular Plan & Direct Plan: 0.36 each.

Tata Equity Savings Fund – Regular Plan & Direct Plan: 0.057 each.

Change in Fund Manager:

Change in Fund Management Responsibilities:

Changes in Benchmark Index:

ICICI Prudential Balanced Advantage Fund:

Regular Plan – IDCW: 0.07

Direct Plan – IDCW: 0.07

ICICI Prudential Equity & Debt Fund:

Regular Plan – IDCW: 0.16

Direct Plan – IDCW: 0.16

Motilal Oswal Balance Advantage Fund – Regular Plan – Quarterly IDCW Option: Rs 0.18

Motilal Oswal Balance Advantage Fund – Direct Plan – Quarterly IDCW Option: Rs 0.19

Change in name of Benchmark of Aditya Birla Sun Life Multi-Index Fund of Funds

Canara Robeco Conservative Hybrid Fund – Regular Plan – Monthly IDCW Option & Direct Plan – Monthly IDCW Option: 0.10 each

Canara Robeco Short Duration Fund – Regular Plan – Monthly IDCW Option & Direct Plan – Monthly IDCW Option: 0.06 each

Canara Robeco Equity Hybrid Fund – Regular Plan – Monthly IDCW Option: 0.71

Canara Robeco Equity Hybrid Fund – Direct Plan – Monthly IDCW Option:0.60