NSE has informed its members that ICICI Prudential Mutual Fund has revised the minimum application amounts for two schemes — ICICI Prudential Constant Maturity Gilt Fund and ICICI Prudential Nifty50 Equal Weight Index Fund — with effect from May 4, 2026. The changes apply to fresh purchases/switch-ins, additional purchases/switch-ins, and Systematic Investment Plans (SIP) on the NSE MF Invest platform. In all cases, minimum amounts have been reduced significantly to Rs. 500/-.

Key Points

• Two schemes are affected: ICICI Prudential Constant Maturity Gilt Fund and ICICI Prudential Nifty50 Equal Weight Index Fund.
• Minimum application amount for fresh purchases (and switch-ins) reduced from Rs. 5,000/- to Rs. 500/- (plus multiples of Re. 1/-).
• Minimum additional purchase (and switch-in) amount reduced from Rs. 1,000/- to Rs. 500/- (plus multiples of Re. 1/-).
• Minimum SIP amount (Daily, Weekly, Fortnightly, Monthly) reduced from Rs. 1,000/- to Rs. 500/- (plus multiples of Re. 1/-).
• The revision has been approved by ICICI Prudential Trust Limited (the Trustees).
• Circular issued by Milton Dias (Associate Vice President) and Sagar Vaidya (Senior Manager) on behalf of NSE.

Regulatory Changes

The Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of both schemes are being amended via a Notice-cum-Addendum to reflect the new minimum application thresholds. No structural change to the schemes themselves is involved.

Compliance Requirements

• NSE members operating on the NSE MF Invest platform must update their systems and processes to reflect the new minimum investment thresholds for the two affected schemes.
• Members should communicate these revised limits to their clients as applicable.

Important Dates

• Circular Date: April 30, 2026
• Effective Date: May 4, 2026 (new minimum application amounts apply from this date)

Impact Assessment

The reduction in minimum investment amounts lowers the entry barrier for retail investors in both schemes, potentially increasing participation. The ICICI Prudential Constant Maturity Gilt Fund (a debt product) and the ICICI Prudential Nifty50 Equal Weight Index Fund (an equity index product) become more accessible at Rs. 500/- minimum. Operational impact on NSE members is minimal — primarily a system parameter update. No adverse compliance or market risk implications are associated with this change.