Description

ICICI Prudential Mutual Fund discontinues fresh subscriptions and systematic registrations for three schemes effective August 13, 2025.

Summary

ICICI Prudential Asset Management Company Limited has announced the discontinuation of fresh subscriptions through Lump sum mode, Systematic Investment Plan (SIP), and Systematic Transfer Plan (STP) registrations for three mutual fund schemes effective August 13, 2025. Existing systematic transactions will continue to be processed subject to compliance requirements.

Key Points

  • Discontinuation applies to lump sum subscriptions, switches, SIP and STP registrations
  • Special products affected include Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP
  • Transfer-in of Income Distribution cum Capital Withdrawal Plan (IDCW) also discontinued
  • Existing systematic transactions will continue processing
  • AMC may resume acceptance if limits become available or SEBI/AMFI provides clarification

Regulatory Changes

The restriction is implemented following approval by ICICI Prudential Trust Limited, likely due to regulatory limits or investment restrictions on the affected schemes.

Compliance Requirements

  • Existing SIP/STP instalments will be processed subject to scheme information document provisions
  • Compliance with SEBI/AMFI specified conditions required
  • Investors should review scheme documents for updated terms

Important Dates

  • Effective Date: August 13, 2025
  • Notice Date: August 8, 2025

Impact Assessment

The restriction affects three international and thematic equity schemes:

  1. ICICI Prudential US Bluechip Equity Fund
  2. ICICI Prudential Nasdaq 100 Index Fund
  3. ICICI Prudential Strategic Metal and Energy Equity Fund of Funds

Investors seeking exposure to these themes will need to consider alternative schemes or wait for potential resumption of subscriptions. Existing investors can continue their systematic investments but cannot increase or modify their commitments.

Impact Justification

Affects investors in three specific ICICI Prudential schemes with subscription restrictions