Description
ICICI Prudential ISIF schemes reopening for transactions including subscriptions, redemptions, and switches effective February 10, 2026, with specific transaction frequency restrictions.
Summary
BSE announces the reopening of ICICI Prudential ISIF EQUITY EX-TOP 100 LONG-SHORT FUND and ISIF HYBRID LONG-SHORT FUND for ongoing transactions on the BSE StAR MF Platform effective February 10, 2026. The schemes will accept fresh/additional purchases, SIPs, redemptions, and switch transactions. Important restrictions apply to redemption and switch-out transactions with specific frequency limits for hybrid schemes.
Key Points
- Four ICICI Prudential SIF schemes (both Regular and Direct plans) reopening for transactions
- ISIF EQUITY EX-TOP 100 LONG-SHORT FUND: Daily redemption and switch-out allowed
- ISIF HYBRID LONG-SHORT FUND: Redemption and switch-out limited to twice weekly (Monday and Wednesday)
- If Monday or Wednesday is non-business day, transactions processed on next working day
- Fresh/additional purchases and SIPs available for all schemes
- Redemption payout released per NAV applicability and scheme master TAT
Regulatory Changes
No regulatory changes. This is an operational update reversing previous suspension (Notice No. 20260114-22) of these schemes.
Compliance Requirements
- Members must adhere to transaction frequency restrictions for ISIF HYBRID LONG-SHORT FUND schemes
- Redemption and switch-out transactions will be processed according to specified NAV applicability
- Payout TAT must follow scheme master specifications
- Members must note transaction frequency limitations when accepting client orders
Important Dates
- Effective Date: February 10, 2026 - Schemes reopen for ongoing transactions
- Transaction Days for Hybrid Schemes: Monday and Wednesday each week (or next business day if holiday)
Impact Assessment
Investor Impact: Medium - Investors in these specialized SIF schemes regain ability to transact, though hybrid scheme investors face transaction frequency restrictions limiting liquidity to twice weekly.
Operational Impact: Medium - BSE StAR MF platform members must implement transaction frequency controls for hybrid schemes while allowing daily transactions for equity schemes.
Market Impact: Low - Affects specific SIF schemes only; no broader market implications. The transaction frequency restrictions are designed to manage fund liquidity appropriately for long-short strategies.
Impact Justification
Operational update affecting specific mutual fund schemes with transaction frequency restrictions, relevant for investors in ICICI Prudential SIF schemes