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The second-largest asset management company (AMC) in India, ICICI Prudential Asset Management Company Ltd, on Wednesday (January 21) announced that ICICI Prudential Trust Ltd has approved the resumption of subscriptions in ICICI Prudential Smallcap Fund effective January 23, 2026.
With this update, all restrictions on investment amounts at the PAN level have been withdrawn. The fund will now accept transactions through various modes, including fresh or additional lump sum purchases, switch-ins from other schemes, and registrations under systematic investment plans (SIP) or systematic transfer plans (STP).
All other provisions of the Scheme Information Document (SID), Key Information Memorandum (KIM), and previous addenda remain unchanged unless specifically mentioned in this notice-cum-addendum, which forms an integral part of the SID and KIM.
Also Read:ICICI Prudential MF launches two long-short offerings under SIF segment
In March 2024, ICICI Prudential Mutual Fund had temporarily suspended fresh subscriptions through lump sum investments and switches into its small-cap and mid-cap funds. The move was aimed at managing the elevated valuations in mid- and small-cap stocks, which had significantly outperformed large-cap equities.
The suspension, effective from March 14, 2024, was in line with steps taken by other major AMCs, including Nippon Mutual Fund, Tata Mutual Fund, and Kotak Mutual Fund, to control the inflow of funds into these segments.
The decision followed a directive from the Securities and Exchange Board of India (SEBI), which urged mutual funds to conduct stress tests on their mid-cap and small-cap schemes.
Former SEBI chairperson Madhabi Puri Buch had also announced a review of investment rules for these funds, citing concerns over potential overheating in the equity market due to the surge in mid- and small-cap investments.
Also Read: ICICI Prudential Life Q3 Results: VNB jumps 19%, margin expands to 24.4%
Shares of ICICI Prudential Asset Management Company Ltd ended at ₹646.75, down by ₹4.85, or 0.74%, on the BSE today, January 21.
With this update, all restrictions on investment amounts at the PAN level have been withdrawn. The fund will now accept transactions through various modes, including fresh or additional lump sum purchases, switch-ins from other schemes, and registrations under systematic investment plans (SIP) or systematic transfer plans (STP).
All other provisions of the Scheme Information Document (SID), Key Information Memorandum (KIM), and previous addenda remain unchanged unless specifically mentioned in this notice-cum-addendum, which forms an integral part of the SID and KIM.
Also Read:ICICI Prudential MF launches two long-short offerings under SIF segment
In March 2024, ICICI Prudential Mutual Fund had temporarily suspended fresh subscriptions through lump sum investments and switches into its small-cap and mid-cap funds. The move was aimed at managing the elevated valuations in mid- and small-cap stocks, which had significantly outperformed large-cap equities.
The suspension, effective from March 14, 2024, was in line with steps taken by other major AMCs, including Nippon Mutual Fund, Tata Mutual Fund, and Kotak Mutual Fund, to control the inflow of funds into these segments.
The decision followed a directive from the Securities and Exchange Board of India (SEBI), which urged mutual funds to conduct stress tests on their mid-cap and small-cap schemes.
Former SEBI chairperson Madhabi Puri Buch had also announced a review of investment rules for these funds, citing concerns over potential overheating in the equity market due to the surge in mid- and small-cap investments.
Also Read: ICICI Prudential Life Q3 Results: VNB jumps 19%, margin expands to 24.4%
Shares of ICICI Prudential Asset Management Company Ltd ended at ₹646.75, down by ₹4.85, or 0.74%, on the BSE today, January 21.
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