Description

ICICI Prudential Mutual Fund discontinues fresh subscriptions in IDCW option through all modes including SIP/STP registrations across 42 index and FOF schemes effective November 03, 2025.

Summary

ICICI Prudential Asset Management Company Limited has announced the discontinuation of fresh subscriptions in Income Distribution Cum Capital Withdrawal (IDCW) option across 42 Index and Fund of Fund (FOF) schemes. The restriction applies to all modes including Lump Sum (including Switches), fresh SIP/STP registrations, and special products like Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP, and Capital Appreciation STP. The change takes effect from November 03, 2025. Existing SIP/STP instalments registered prior to the effective date will continue to be processed.

Key Points

  • Discontinuation applies to IDCW option only across 42 schemes (26 Index Funds and 16 FOFs)
  • All fresh subscription modes blocked: Lump Sum, Switches, SIP, STP registrations
  • Special facilities affected: Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP
  • Existing SIP/STP registrations made before November 03, 2025 will continue to be honored
  • Approved by ICICI Prudential Trust Limited (Trustee)
  • Notice-cum-Addendum forms integral part of Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs)

Affected Schemes

Index Funds (26 schemes):

  1. ICICI Prudential BSE Sensex Index Fund
  2. ICICI Prudential CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
  3. ICICI Prudential NASDAQ 100 Index Fund
  4. ICICI Prudential Nifty 200 Momentum 30 Index Fund
  5. ICICI Prudential Nifty 50 Index Fund
  6. ICICI Prudential Nifty 500 Index Fund
  7. ICICI Prudential Nifty Auto Index Fund
  8. ICICI Prudential Nifty Bank Index Fund
  9. ICICI Prudential Nifty G-Sec Dec 2030 Index Fund
  10. ICICI Prudential Nifty IT Index Fund
  11. ICICI Prudential Nifty LargeMidcap 250 Index Fund
  12. ICICI Prudential Nifty Midcap 150 Index Fund
  13. ICICI Prudential Nifty Next 50 Index Fund
  14. ICICI Prudential Nifty Pharma Index Fund
  15. ICICI Prudential Nifty Private Bank Index Fund
  16. ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund
  17. ICICI Prudential Nifty SDL Dec 2028 Index Fund
  18. ICICI Prudential Nifty SDL Sep 2026 Index Fund
  19. ICICI Prudential Nifty SDL Sep 2027 Index Fund
  20. ICICI Prudential Nifty Smallcap 250 Index Fund
  21. ICICI Prudential Nifty Top 15 Equal Weight Index Fund
  22. ICICI Prudential Nifty200 Quality 30 Index Fund
  23. ICICI Prudential Nifty200 Value 30 Index Fund
  24. ICICI Prudential Nifty50 Equal Weight Index Fund
  25. ICICI Prudential Nifty50 Value 20 Index Fund
  26. ICICI Prudential Bharat 22 FOF

Fund of Funds (16 schemes): 27. ICICI Prudential Asset Allocator Fund (FOF) 28. ICICI Prudential BSE 500 ETF FOF 29. ICICI Prudential Debt Management Fund (FOF) 30. ICICI Prudential Global Advantage Fund (FOF) 31. ICICI Prudential Global Stable Equity Fund (FOF) 32. ICICI Prudential Income plus Arbitrage Active FOF 33. ICICI Prudential India Equity FOF 34. ICICI Prudential Nifty 100 Low Volatility 30 ETF FOF 35. ICICI Prudential Nifty Alpha Low - Volatility 30 ETF FOF 36. ICICI Prudential Nifty EV & New Age Automotive ETF FOF 37. ICICI Prudential Passive Multi-Asset Fund of Fund 38. ICICI Prudential Passive Strategy Fund (FOF) 39. ICICI Prudential Regular Gold Savings Fund (FOF) 40. ICICI Prudential Silver ETF Fund of Fund 41. ICICI Prudential Strategic Metal and Energy Equity Fund of Fund 42. ICICI Prudential Thematic Advantage Fund (FOF)

Regulatory Changes

This change represents a policy decision by ICICI Prudential Asset Management Company to streamline subscription options. The modification has been approved by the Trustee (ICICI Prudential Trust Limited) and is implemented through a Notice-cum-Addendum to the existing Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs).

Compliance Requirements

  • Investors planning fresh investments in IDCW option must complete transactions before November 03, 2025
  • All fresh SIP/STP registrations in IDCW option for affected schemes must be submitted before the effective date
  • Special facility registrations (Freedom SIP, Booster SIP, etc.) in IDCW option not accepted from November 03, 2025
  • AMC will continue processing existing systematic transaction instalments registered before the cut-off date
  • All other provisions of SIDs and KIMs remain unchanged except for this specific modification

Important Dates

  • Effective Date: November 03, 2025
  • Last Date for Fresh Subscriptions: November 02, 2025 (for IDCW option in affected schemes)

Impact Assessment

Investor Impact:

  • Investors preferring regular income distribution through IDCW option will need to complete fresh registrations before November 03, 2025
  • Existing SIP/STP investors in IDCW option are protected; their instalments will continue
  • May indicate AMC’s strategic shift towards growth options over dividend distribution
  • Investors can still invest in growth/accumulation options of these schemes

Market Impact:

  • Affects 42 schemes spanning equity indices, debt indices, and fund of funds
  • Potential shift in AUM composition from IDCW to growth options
  • Reflects industry trend of rationalizing dividend distribution options in passive/index funds
  • No impact on secondary market trading or NAV calculations

Operational Impact:

  • Simplifies operational complexity for the AMC by reducing option variations
  • Reduces dividend distribution processing requirements
  • May improve operational efficiency in fund management

Impact Justification

Affects investors planning fresh subscriptions in IDCW option across 42 ICICI Prudential schemes; existing SIP/STP registrations continue unaffected