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ICICI Prudential Asset Management Company (AMC) has announced addendum to Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Nifty Private Bank ETF (the Scheme).

ICICI Prudential Mutual Fund has informed that provisions in the Index Methodology of the ‘Nifty Private Bank Index’, which is an underlying index of the Scheme, as issued by NSE Indices stand revised. Stock weight capping has been revised from existing ‘No single stock shall be more than 33% and weights of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing’ to ‘No single stock shall be more than 23% and weights of top 3 stocks cumulatively shall not be more than 62% at the time of rebalancing’. The said change shall become effective from September 30, 2024 (close of September 27, 2024).

All the other provisions of the SID/KIM/addenda of the aforesaid scheme except as specifically modified herein above remain unchanged. This Notice-cum-addendum forms an integral part of the SID/KIM/addenda of the aforesaid scheme, as amended from time to time.