ICICI Prudential Mutual Fund has resumed subscriptions in its three international funds—ICICI Prudential US Bluechip Equity Fund, ICICI Prudential NASDAQ 100 Index Fund, and ICICI Prudential Strategic Metal and Energy Equity Fund of Fund—effective January 27.
The fund house said fresh or additional investments via lumpsum, switches into the schemes, Systematic Investment Plan (SIP), or Systematic Transfer Plan (STP) will be capped at Rs 2 lakh per PAN per month per scheme.
Also Read | NFO Insight: Can Samco Mid Cap Fund add momentum to your portfolio in volatile markets?
The SIP/STP limits per PAN for various frequencies are as follows: daily SIP/STP – Rs 10,000, weekly SIP/STP – Rs 50,000, fortnightly SIP – Rs 1 lakh, monthly SIP/STP – Rs 2 lakh, and quarterly SIP/STP – Rs 6 lakh.
These limits apply only to fresh subscriptions or systematic registrations; existing systematic transactions or instalments will continue without any restrictions. Investors should note that if the available overseas investment under a scheme approaches the capped limit, the AMC may consider halting further subscriptions.
All other provisions of the SIDs and KIMs of the schemes remain unchanged, except as specifically modified above. This Notice-cum-Addendum forms an integral part of the SIDs and KIMs, as amended from time to time.
In July 2025, the fund house announced resuming subscription in these three international funds through any of the modes, such as the lumpsum mode (including switches), Systematic Investment Plan, Systematic or Transfer Plan registration (target scheme).
The restrictions were imposed after Sebi asked mutual funds to stop fresh subscriptions in overseas ETFs as the $1 billion investment limit was about to be breached.
Also Read | ICICI Prudential Mutual Fund resumes subscription in its small cap fund
On January 21, the fund house also announced resuming subscription in its smallcap fund with effect from January 23.