Description
ICICI Prudential Global Advantage Fund will observe a non-business day on September 15, 2025, affecting all transactions through NSE MF Invest platform.
Summary
NSE has announced that September 15, 2025 will be treated as a Non-Business Day (NBD) for ICICI Prudential Global Advantage Fund schemes. All transaction types including subscriptions, redemptions, switches, SIPs, STPs, and SWPs will be suspended for these schemes on the NSE MF Invest platform.
Key Points
- Non-Business Day declared for September 15, 2025
- Affects all variants of ICICI Prudential Global Advantage Fund (FOF)
- All transaction types suspended: Subscriptions, Redemptions, Switches, SIPs, STPs, SWPs
- Applies only to transactions through NSE MF Invest platform
- Six specific ISIN codes affected with both regular and direct plan options
Regulatory Changes
No regulatory changes announced. This is an operational suspension for specific mutual fund schemes.
Compliance Requirements
- Members must inform clients about transaction suspension
- No transactions to be processed for affected schemes on September 15, 2025
- Normal operations to resume after the non-business day
Important Dates
- September 15, 2025: Non-Business Day for ICICI Prudential Global Advantage Fund schemes
- September 10, 2025: Circular issue date
Impact Assessment
Limited impact affecting only ICICI Prudential Global Advantage Fund investors using NSE MF Invest platform. Investors planning transactions on September 15, 2025 will need to reschedule. The suspension is temporary and affects six specific fund variants covering both growth and dividend options in regular and direct plans.
Impact Justification
Affects specific mutual fund transactions for one day only, limited to ICICI Prudential Global Advantage Fund schemes