Description

ICICI Prudential Mutual Fund discontinues fresh subscriptions in three schemes including US Bluechip Equity Fund effective August 13, 2025.

Summary

ICICI Prudential Mutual Fund has announced the discontinuation of fresh subscriptions through lump sum, SIP, and STP modes for three schemes effective August 13, 2025. The affected schemes are US Bluechip Equity Fund, Nasdaq 100 Index Fund, and Strategic Metal and Energy Equity Fund of Funds. Existing systematic transactions will continue to be processed.

Key Points

  • Discontinuation applies to lump sum subscriptions, switches, SIP and STP registrations
  • Special products like Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP also suspended
  • Three specific schemes affected: US Bluechip Equity Fund, Nasdaq 100 Index Fund, Strategic Metal and Energy Equity Fund of Funds
  • Existing SIP/STP installments will continue to be processed
  • AMC may resume subscriptions if limits become available or SEBI/AMFI provides clarification

Regulatory Changes

No regulatory changes - this is an operational decision by the AMC likely due to investment limits or regulatory restrictions on overseas investments.

Compliance Requirements

  • Investors cannot make fresh investments in the three specified schemes
  • Existing systematic plans will continue as per scheme documents
  • All other provisions of scheme information documents remain unchanged

Important Dates

  • August 13, 2025: Effective date for discontinuation of fresh subscriptions
  • August 8, 2025: Notice date

Impact Assessment

Medium impact on investors seeking exposure to US markets and commodity sectors through these popular schemes. Existing investors can continue their systematic plans but new investors must seek alternative schemes for similar exposure. The restriction may be temporary pending regulatory clarity or investment limit availability.

Impact Justification

Affects investor access to popular mutual fund schemes but existing investments continue