Description
NSE suspends subscriptions for three ICICI Prudential overseas investment schemes effective August 13, 2025.
Summary
NSE has temporarily suspended subscriptions for three ICICI Prudential Mutual Fund schemes on the NSE MF Invest Platform effective August 13, 2025. The suspension covers lumpsum investments, SIP, and STP registrations for overseas investment schemes.
Key Points
- Three ICICI Prudential schemes suspended: US Bluechip Equity Fund, NASDAQ 100 Index Fund, and Strategic Metal and Energy Equity Fund of Funds
- Suspension applies to lumpsum subscriptions, SIP, STP, switches, and special products like Freedom SIP, SIP Top Up, Booster SIP
- Existing SIP/STP installments will continue to be processed
- Suspension affects all modes of subscription through NSE MF Invest Platform
Regulatory Changes
No regulatory changes - this is an operational decision by ICICI Prudential Mutual Fund to discontinue accepting new subscriptions in overseas investment schemes.
Compliance Requirements
- NSE members must not accept new subscriptions for the three specified schemes from August 13, 2025
- Existing systematic transactions to continue as per scheme documents
- Members to refer to the attached notice from ICICI Prudential for detailed terms
Important Dates
- August 13, 2025: Effective date for suspension of subscriptions
- August 8, 2025: Date of ICICI Prudential’s notice to investors
- August 12, 2025: NSE circular date
Impact Assessment
Medium impact limited to investors seeking exposure to overseas markets through these specific ICICI Prudential schemes. Existing investors can continue their systematic investments but cannot make fresh investments or increase exposure. AMC may resume subscriptions if limits become available or regulatory clarifications are issued.
Impact Justification
Affects specific mutual fund schemes but limited to overseas investment funds