Description

ICICI Prudential Mutual Fund discontinues fresh subscriptions in IDCW option through all modes including SIP/STP registration 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 the Income Distribution Cum Capital Withdrawal (IDCW) option across 42 Index and Fund of Fund (FOF) schemes. This applies to all modes including Lump Sum (with switches), fresh SIP/STP registrations, and special facilities 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 before the effective date will continue to be processed.

Key Points

  • Discontinuation of fresh IDCW option subscriptions across 42 schemes (26 Index funds and 16 FOF schemes)
  • Effective date: November 03, 2025
  • Applies to Lump Sum investments, switches, and fresh SIP/STP registrations
  • Special products affected: Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP
  • Existing SIP/STP instalments registered before November 03, 2025 will continue to be processed
  • Approved by ICICI Prudential Trust Limited (Trustee)

Affected Schemes

Index Funds (25 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

Fund of Funds (17 schemes): 26. ICICI Prudential Asset Allocator Fund (FOF) 27. ICICI Prudential Bharat 22 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 is an operational change in subscription options rather than a regulatory mandate. The change modifies the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of the affected schemes. All other provisions of the SIDs and KIMs remain unchanged except for the specific modifications regarding IDCW option subscriptions.

Compliance Requirements

  • Investors seeking to invest in IDCW option in these 42 schemes must complete their subscriptions before November 03, 2025
  • Distributors and intermediaries must inform clients about the discontinuation of fresh IDCW subscriptions
  • Existing systematic plan holders are not required to take any action as their registrations will continue
  • Growth and other available options in these schemes remain open for fresh subscriptions

Important Dates

  • Effective Date: November 03, 2025 - Discontinuation of fresh IDCW subscriptions
  • Cut-off: Registrations completed before November 03, 2025 will continue to be processed

Impact Assessment

Investor Impact:

  • New investors will not be able to invest in IDCW option across these 42 schemes from November 03, 2025
  • Existing IDCW option investors with ongoing SIP/STP registrations are unaffected
  • Investors can still choose Growth option or other available options in these schemes
  • No impact on redemptions or existing holdings

Market Impact:

  • Limited market impact as this is a fund-specific operational decision
  • May reflect AMC’s strategy to streamline product offerings and reduce complexity
  • Common industry practice as many AMCs discourage IDCW options in favor of Growth options for long-term wealth creation
  • Investors seeking regular income may need to explore alternative schemes or options

Operational Impact:

  • Simplifies portfolio management for the AMC
  • Reduces operational complexity related to dividend distribution
  • May improve tax efficiency for investors as Growth option is generally more tax-efficient than IDCW

Impact Justification

Affects new investors seeking IDCW option in 42 ICICI Prudential schemes but does not impact existing SIP/STP registrations or other investment options