ICICI Pru MF informs about Modification in margin and collateral for certain transactions
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
ICICI Prudential Asset Management Company (AMC) has announced changes in Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Overnight Fund (the scheme)
Pursuant to SEBI circular no. SEBI/HO/IMD/DF2/CIR/P/2021/683 dated December 10, 2021 (‘the Circular’), SEBI has notified that with respect to the margin or collateral requirement for execution of transactions, overnight funds can deploy not exceeding 5% of the net assets of the scheme in Government Securities and/or Treasury bills with a residual maturity of upto 30 days for the purpose of placing the same as margin and collateral for certain transactions. Pursuant to the above, it attached the modification in the provisions for the purpose of maintaining margin and collateral for certain transactions in the scheme.
