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2025-08-11 02:42:12 pm | Source: Accord Fintech
ICICI Pru AMC announces Discontinuation of overseas investments
ICICI Pru AMC announces Discontinuation of overseas investments

ICICI Prudential Asset Management Company (AMC) has announced addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of various schemes of ICICI Prudential Mutual Fund.

ICICI Prudential Mutual Fund has informed that ICICI Prudential Trust have approved discontinuation of subscriptions through Lump sum mode (including Switches), Systematic Investment Plan (‘SIP’) and/or Systematic Transfer Plan (‘STP’) registration (Target scheme), special products/features like Freedom SIP, SIP Top Up facility, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP, Transfer-in of Income Distribution cum Capital Withdrawal Plan (IDCW) in ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund & ICICI Prudential Strategic Metal and Energy Equity Fund of Funds (the schemes) with effect from August 13, 2025.

Further, with respect to the existing systematic transactions, the AMC shall continue processing the SIP/STP instalments subject to compliance with the provisions specified in the scheme information documents of the aforesaid schemes and such other conditions as specified by SEBI/AMFI. The AMC may resume acceptance of subscriptions in the aforesaid schemes in the event of availability of limits or issuance of any clarification by SEBI/AMFI in this regard. 

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

 

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