Description

NSE revokes temporary suspension for subscriptions in ICICI Prudential US Bluechip Equity Fund, NASDAQ 100 Index Fund, and Strategic Metal and Energy Equity Fund of Fund with specified investment limits effective January 27, 2026.

Summary

NSE has revoked the temporary suspension for subscriptions in three ICICI Prudential Mutual Fund schemes effective January 27, 2026. The schemes - ICICI Prudential US Bluechip Equity Fund, ICICI Prudential NASDAQ 100 Index Fund, and ICICI Prudential Strategic Metal and Energy Equity Fund of Fund - will resume accepting fresh and additional subscriptions with monthly investment limits of ₹2 lakhs per PAN per scheme.

Key Points

  • Subscriptions resumed for three ICICI Prudential schemes from January 27, 2026
  • Monthly investment limit: ₹2 lakhs per PAN per scheme (cumulative for all modes)
  • Applies to fresh/additional purchases through lumpsum, switch-in, SIP, and STP
  • Daily SIP/STP limit: ₹10,000
  • Weekly SIP/STP limit: ₹50,000
  • Fortnightly SIP limit: ₹1,00,000
  • Monthly SIP/STP limit: ₹2,00,000
  • Quarterly SIP/STP limit: ₹6,00,000
  • Existing systematic transactions continue without limits
  • Special features like Freedom SIP, SIP Top Up, Booster SIP, Flex STP, Booster STP, and Capital Appreciation STP available

Regulatory Changes

ICICI Prudential Trust Limited approved the resumption of subscriptions in the affected schemes with specified investment limits per PAN. The AMC reserves the right to discontinue subscriptions if overseas investment limits are nearing the capped threshold.

Compliance Requirements

  • Investment limits apply only to fresh subscriptions and systematic registrations
  • Limits are enforced at PAN level per scheme
  • Members must ensure compliance with the specified investment caps for different SIP/STP frequencies
  • Investors should periodically review and update KYC details including mobile number and email ID

Important Dates

  • Effective Date: January 27, 2026 - Resumption of subscriptions with investment limits
  • Circular Date: January 23, 2026
  • AMC Notice Date: January 21, 2026

Impact Assessment

The resumption allows retail investors to restart investments in these overseas-focused schemes while maintaining regulatory oversight through investment caps. The limits ensure controlled inflows to manage overseas investment allocation within regulatory caps. Existing SIP/STP investors continue unaffected, while new investors face monthly contribution limits. This measured approach balances investor access with fund management constraints related to overseas investment regulations.

Impact Justification

Affects specific mutual fund schemes with investment limit restrictions rather than broad market impact