Description

ICICI Prudential resumes subscriptions in Silver ETF Fund of Fund through lump sum, switches, and fresh SIP/STP registrations effective October 28, 2025.

Summary

ICICI Prudential Asset Management Company has announced the resumption of subscriptions in the ICICI Prudential Silver ETF Fund of Fund effective October 28, 2025. This follows a previous suspension notice dated October 13, 2025. The decision to resume subscriptions was made considering current market conditions.

Key Points

  • Subscriptions through lump sum mode (including switches) are now permitted
  • Fresh registration of Systematic Investment Plan (SIP) is allowed
  • Fresh registration of Systematic Transfer Plan (STP) as target scheme is allowed
  • Effective date: October 28, 2025
  • This reverses a previous suspension announced on October 13, 2025
  • All other provisions of the Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged

Regulatory Changes

No regulatory changes. This is an operational update to the fund’s subscription policy based on market conditions assessment by the fund manager.

Compliance Requirements

  • The notice-cum-addendum forms an integral part of the SID and KIM of the scheme
  • Investors should note the updated subscription provisions when making investment decisions
  • Fund distributors and platforms need to update their systems to accept fresh subscriptions, SIPs, and STPs for this scheme

Important Dates

  • October 13, 2025: Date of previous notice (suspension of subscriptions)
  • October 27, 2025: Date of this notice
  • October 28, 2025: Effective date for resumption of subscriptions

Impact Assessment

This circular has minimal broader market impact as it affects only investors interested in the ICICI Prudential Silver ETF Fund of Fund. The resumption of subscriptions indicates improved market conditions or liquidity in the underlying silver ETF, allowing the fund manager to accept new investments. Existing investors and potential new investors in this specific fund can now invest through multiple modes including lump sum, switches, SIPs, and STPs.

Impact Justification

Routine fund operational update affecting only specific mutual fund investors; limited market-wide impact