ICICI Pru AMC announces Merger of Value Fund-Series 20 into Value Discovery Fund

ICICI Prudential Asset Management Company (AMC) has announced that Board of Directors of the AMC, Investment Manager to the schemes of ICICI Prudential Mutual Fund (the Mutual Fund) and ICICI Prudential Trust, Trustees to the Mutual Fund have decided to merge ICICI Prudential Value Fund-Series 20 (Merging Scheme) into ICICI Prudential Value Discovery Fund (Surviving Scheme). The Securities and Exchange Board of India through its letter no. IMD/DF3/OW/P/2021/6943/1 dated March 24, 2021 has accorded its no-objection to the aforesaid proposal. This notice cum addendum therefore is to inform the unit holders of the aforesaid proposed merger in terms of the prevailing regulatory requirements. Details of the same as enclosed.