MUTUAL FUNDS
ICICI pru AMC announces change in Maximum Investment Amount under Ultra Short Term Fund
Sep-17-2019

ICICI Prudential Asset Management Company (AMC) has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Ultra Short Term Fund (the scheme).

As per the announcement, ICICI Prudential Trust, Trustee to ICICI Prudential Mutual Fund has approved change in the Maximum Investment Amount per investor of the scheme with effect from September 18, 2019. Maximum Investment Amount per investor including existing investment amount (based on permanent Account Number of first holder) at the time of investment: (1) The Maximum Investment Amount across all folios shall not exceed Rs 50 crore except to the extent detailed in point no: 2. (2) The AMC/ Mutual Fund may accept an amount greater than Rs 50 crore (excess amount/ said amount) up to Rs 150 crore, provided the aggregate of all holdings in excess of Rs 50 crore, including the excess amount, does not exceed 15% of the Scheme’s AUM, which is declares on the last day of preceding calendar quarter.

All the other provisions of the SID/KIM/addenda of the schemes remain unchanged.

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