06-09-2023 04:37 PM | Source: Reuters
ICICI Pru AMC announces changes in SID, KIM & SAI
News By Tags | #326 #392

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CICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the schemes and Statement of Additional Information (SAI) of ICICI Prudential Mutual Fund (MF).

ICICI Prudential MF has informed that pursuant to SEBI Circular no. SEBI/HO/IMD/POD-II/ CIR/P/2023/0069 dated May 12, 2023 on ‘Investment in units of Mutual Funds in the name of minor through guardian’ following changes are made in SIDs of the schemes which accept transactions in the name of minor through guardian: 1) For subscription (including systematic transactions) - Payment for investment shall be accepted from: Bank account of the minor, Joint bank account of the minor with parent or legal guardian, or Bank account of parent or legal guardian of the minor. 2) All redemption proceeds (including systematic transactions) shall be credited only in the verified bank account of the minor or in joint account of the minor along with parent or legal guardian. The aforesaid modifications are effective from June 15, 2023.

All the other provisions of the SID and KIM of the schemes and SAI of the Fund except as specifically modified herein above remain unchanged. This Notice-cum-Addendum forms an integral part of the SID and KIM of the schemes and SAI of the Fund, as amended from time to time.