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ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Documents (SID) and Key Information Memorandums (KIM) of all Schemes (other than Overnight Fund, Index Funds and Exchange Traded Funds) of ICICI Prudential Mutual Fund.

Pursuant to SEBI Circular no. SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2022/39 dated March 30, 2022 on ‘Timelines for Rebalancing of Portfolios of Mutual Fund Schemes’, investors are requested to take note of the following change with regard to provisions pertaining to rebalancing of portfolios of all Schemes (other than Overnight Fund, Index Funds and Exchange Traded Funds) with effect from July 1, 2022: In the event of deviation from the mandated asset allocation of the Schemes due to passive breaches, rebalancing of the Schemes would be done within 30 business days. In case the portfolio of the Schemes is not rebalanced as per the above timeline, the AMC would place an update thereof before the Executive Investment Committee of Debt / Equity, as the case may be. The Executive Investment Committee, if so desires, can extend the timeline up to 60 business days from the date of completion of mandated rebalancing period. Further, the AMC shall comply with the applicable regulatory guidelines related to reporting and disclosure requirements as specified in the aforesaid circular.

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