MUTUAL FUNDS
ICICI Pru AMC announces change in maximum investment amount under Ultra Short Term Fund
Jun-03-2020

ICICI Prudential Asset Management Company (AMC) has announced that ICICI Prudential Trust has approved change in the maximum investment amount per investor under ICICI Prudential Ultra Short Term Fund Scheme with effect from June 4, 2020. Under the revised provisions of the said scheme the maximum investment amount across all folios shall not exceed Rs 50 crore. The AMC/Mutual Fund may accept an amount greater than Rs 50 crore (‘excess amount’/’said amount’) upto Rs 75 crore, provided the aggregate of all holdings in excess of  Rs 50 crore, including the excess amount, does not exceed 10% of the Scheme’s AUM, which is declared on the last day of preceding calendar quarter.

All the other provisions of the SID/KIM/addenda of the Scheme except as specificallyici modified herein above remain unchanged.

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