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 scheme effective October 28, 2025. This follows a previous notice dated October 13, 2025 that had temporarily suspended subscriptions. The decision to resume 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
  • Resumption effective from October 28, 2025
  • This is a reversal of the temporary 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 change specific to the fund’s subscription policy.

Compliance Requirements

  • The Notice-cum-Addendum forms an integral part of the SID and KIM of the Scheme
  • Investors should take note of the resumed subscription facility when making investment decisions
  • Asset Management Company has updated scheme documentation accordingly

Important Dates

  • October 13, 2025: Previous notice regarding subscription suspension
  • October 27, 2025: Date of current notice
  • October 28, 2025: Effective date for resumption of subscriptions

Impact Assessment

Market Impact: Minimal. This affects only investors interested in ICICI Prudential Silver ETF Fund of Fund.

Investor Impact: Positive for investors who wish to invest in silver exposure through this fund of fund structure. The resumption provides renewed access to the scheme through multiple investment modes including lump sum, SIP, and STP.

Operational Impact: The fund has assessed current market conditions as favorable for resuming subscriptions, suggesting improved liquidity or market conditions in the underlying silver ETF market.

Impact Justification

Routine operational update regarding resumption of subscriptions in a single mutual fund scheme with limited market-wide impact