MUTUAL FUNDS
ICICI Prudential Asset Management Company (AMC) informs about addendum
Jan-23-2026

ICICI Prudential Mutual Fund has informed that pursuant to SEBI’s letter to AMFI dated February 6, 2025, on ‘Framework for launching of Fund of Fund (FOF) schemes with multiple underlying Funds’ (the Framework) read with amendments/clarifications as issued from time to time and SEBI’s letter dated January 20, 2026, permitting grandfathering of the ICICI Prudential Global Advantage Fund (FOF) (the Scheme), the Scheme will be grandfathered with effect from January 27, 2026, as the Scheme with its existing asset allocation and investment objective, could not be classified under any of the categories specified under the Framework. Further, the Scheme shall be merged and/or wound up upon completion of 3 years from January 20, 2026.

In terms of grandfathering, investors are requested to note the following:

 a) Existing Systematic Investment Plan (SIP) and/or Systematic Transfer Plan (STP IN) including IDCW reinvestment option and other special products registered under any mode/facility for investing in the Scheme shall stand discontinued with effect from February 5, 2026. IDCW reinvestment option would be changed to IDCW Payout. 

b) Fresh subscriptions through any of the modes such as Lump sum mode & Switch into the Schemes, SIP and/or STP registration (Target scheme) in the Scheme has already been discontinued since August 13, 2024. 

c) Redemptions and/or switch-outs including existing STP-Out and/or Systematic Withdrawal Plan (SWP) registered under any mode/facility for redeeming/ switching out from the Scheme shall be continued. Grandfathering has no impact on redemption and/or switch-out of units from the Scheme. 

d) The Scheme shall continue to adhere to the applicable regulatory guidelines and provisions of the Scheme Information Document (SID) and Key Information Memorandum (KIM).

Investors are further requested to note that all other features of the Schemes except for the above will remain unchanged. This notice forms an integral part of the SID and KIM of the Scheme, as amended from time to time.


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