1. How does the "Defined Tenure" structure work?

Unlike traditional open-ended portfolios where you can stay invested indefinitely, this strategy is launched in specific tranches or series with a fixed maturity date (e.g., a 3-year or 5-year lock-in). The underlying assets—especially the fixed-income instruments and structured debt—are carefully chosen to mature in alignment with the specific series end date, minimizing interest rate risk and locking in predictable yields.

2. How does the strategy aim to achieve capital protection?

The portfolio manager allocates a dominant portion of the initial capital into high-credit-quality debt instruments or fixed-income assets. Over the defined tenure, this debt component is structured to compound back up to the investor's original principal amount. The remaining capital, along with projected accruals, is then aggressively channeled into equities or Market-Linked Debentures (MLDs) to capture the market's upside and drive net performance.

3. What role do Market-Linked Debentures (MLDs) play in this strategy?

MLDs are structured fixed-income instruments whose final payouts are tied to the performance of an underlying market index (such as the Nifty 50). By embedding MLDs into the Defined Tenure Series, the strategy creates a "best-of-both-worlds" risk profile: it provides a floor of safety if the index performs poorly, while accelerating yields if the index climbs above specified thresholds.

4. Can investors opt out or redeem their capital before the maturity date?

Because the portfolio relies on fixed-tenure debt structures and specific derivative or options alignments to guarantee the capital-protection framework, early redemptions are highly discouraged. While premature exits may be permissible under specific clauses in the client agreement, doing so can compromise the capital-protection mechanism and subject the investor to structural liquidation costs or distinct exit loads.

5. Who is the ideal investor for this type of strategy?

This strategy is tailor-made for High-Net-Worth Individuals (HNIs) who possess a lump sum of capital that they do not need to access for a fixed multi-year period. It is ideal for conservative-to-moderate risk profiles who want exposure to equity market upsides but are uncomfortable with the threat of severe downside capital erosion during volatile market cycles.

Icici Prudential Pms Defined Tenure Series Strategy | PMS Fund

ICICI Prudential PMS Defined Tenure Series Strategy

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Category PMS

Company ICICI Prudential AMC Ltd.

Fund Managers Nimesh Shah

Benchmark BSE 500 TRI

ICICI Prudential AMC Ltd.

Icici Prudential is a major asset management company in the country, focusing on bridging the gap between saving and investing and building long-term wealth for investors through a variety of easy and relevant investment solutions. The AMC is a joint venture between ICICI Bank and Prudential plc, one of the major financial services companies in the United Kingdom.

Fund Snapshot

Parameter	Details
Strategy Name	Defined Tenure Series Strategy
Asset Manager	ICICI Prudential AMC Ltd (Alternates Division)
Category	Hybrid / Structured Portfolio
Investment Objective	Aim to provide capital protection alongside capital appreciation by leveraging a mix of fixed income and market-linked instruments.
Asset Allocation	Dynamic blend of: • Debt & Fixed Income Instruments • Market-Linked Debentures (MLDs) • Listed Equities & Equity-linked instruments • Units of SEBI-registered Alternative Investment Funds (AIFs/VCFs)
Benchmark	CRISIL Hybrid 35+65 - Aggressive Index (or customized based on the exact series structure)
Tenure	Close-ended / Defined tenure structures (typically ranging from 2 to 5 years per series)
Fund Managers	Managed by the senior investment team at ICICI Prudential Alternates
Minimum Investment	₹50,00,000 (INR 50 Lakhs)
Exit Policy	Generally lock-in oriented given the defined maturity structure; early exit may incur structural costs or specific exit loads as defined by the series.

Investment Philosophy

ICICI Prudential AMC follows a disciplined, research-driven investment approach focused on delivering consistent, risk-adjusted returns across market cycles:

Focus on Risk-Adjusted Returns Core objective is to generate superior returns while managing downside risks across varying market conditions.
Blend of Quantitative & Qualitative Research Investment decisions are driven by a mix of financial analysis, macro insights, and evaluation of management quality and governance standards.
Asset Allocation & Diversification Strong emphasis on diversified portfolios across equity, debt, and hybrid strategies to balance growth and stability.
Fixed Income Discipline Debt investments prioritize safety, liquidity, and optimal returns, ensuring capital protection alongside yield generation.
Robust Risk Management Framework Independent risk oversight, continuous monitoring, and proactive measures help safeguard investor interests and manage volatility.
Long-Term Investing Approach Encourages disciplined investing through SIPs and long-term holding to benefit from compounding and market cycles.
Investor-Centric Strategy Product innovation and portfolio positioning are aligned with evolving investor needs, risk appetites, and market opportunities.

	AUM(Cr.)	1M	3M	6M	1Y	2Y	3Y	4Y	5Y	Ince.
Performance	₹18.46	3.34	5.66	5.59	10.16	3.26	16.03	17.89	16.36	14.84
Benchmark	NA	2.19	3.78	1.99	2.98	0.42	11.89	13.25	12.35	12.36

AUM(Cr.)

Ince.

Performance

₹18.46

3.34

5.66

5.59

10.16

3.26

16.03

17.89

16.36

14.84

Benchmark

2.19

3.78

1.99

2.98

0.42

11.89

13.25

12.35

12.36

ICICI Prudential PMS Defined Tenure Series Strategy

ICICI Prudential AMC Ltd.

Fund Snapshot

Investment Philosophy