ICICI Pru AMC informs about Direct Transaction in ETFs
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.
ICICI Prudential Mutual Fund has informed that pursuant to SEBI letter dated February 28, 2025 with respect to ‘SEBI Circular on Development of Passive Funds’, the threshold of INR 25 crores for direct transaction in the units of the ETFs with the AMC as prescribed in paragraph 3.6.2.2 of SEBI Master Circular for Mutual Funds dated June 27, 2024 shall not be applicable for the below investors until August 31, 2025: a. Schemes managed by Employee Provident Fund Organization, India; b. Recognized Provident Funds, approved gratuity funds and approved superannuation funds under Income Tax Act, 1961. In light of the above, notice cum addendum published by the AMC on October 30, 2024 pertaining to aforementioned exceptions shall stand modified.
All the other provisions of the SID and KIM of the ETFs except as specifically modified herein above remain unchanged. This Notice-cum-Addendum forms an integral part of the SID and KIM of the ETFs, as amended from time to time.
