ICICI Prudential AMC announces Direct Transaction in ETFs
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
ICICI Prudential Asset Management Company (AMC) has announced Addendum to Scheme Information Documents (SID) and Key Information Memorandums (KIM) of Exchange Traded Funds (‘ETF’s’) of ICICI Prudential Mutual Fund.
Pursuant to SEBI circular dated July 28, 2022 with respect to ‘Addendum to SEBI Circular on Development of Passive Funds’, the threshold of Rs 25 crores for direct transaction in the units of the ETFs with the AMC shall be effective from November 1, 2022. The notice cum addendum dated June 30, 2022 published by the AMC with respect to various ETFs and Index Funds stand partially modified. Investors can therefore transact in the units of the ETFs of the Fund directly with the AMC in the respective creation unit size as applicable in the SID of respective Schemes.
All the other provisions of the SID/KIM of the Scheme except as specifically modified herein above remain unchanged. This Notice-cum-Addendum forms an integral part of the SID/KIM of the ETF Schemes, as amended from time to time
