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ICICI MF Halts Fresh Inflows in US Funds
1 Mar
Summary
- Three ICICI Prudential international funds stopped accepting new subscriptions.
- This action is due to concerns about breaching AMFI-mandated investment limits.
- Existing systematic investments will continue processing as usual.
ICICI Prudential Mutual Fund announced on March 1, 2026, that it will halt fresh subscription inflows into three of its international equity funds. This measure is a proactive step taken due to apprehensions of breaching the investment limits stipulated by the Association of Mutual Funds in India (AMFI).
The affected schemes are the ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund, and ICICI Prudential Strategic Metal and Energy Equity Fund. Investors will no longer be able to make new lump sum investments, register for Systematic Investment Plans (SIPs), or Systematic Transfer Plans (STPs) into these funds.
However, the fund house clarified that all existing systematic transactions, such as ongoing SIPs and STPs, will continue to be processed, provided they comply with the scheme's information documents and SEBI regulations. This ensures continuity for investors already committed to these investment strategies.
The AMC plans to reopen subscriptions for these schemes once the available investment limits are replenished or increased, or upon receiving further clarifications from SEBI or AMFI. This move follows previous restrictions imposed by SEBI in 2022 on overseas investments due to industry-wide limits, with subsequent adjustments allowing investments up to individual fund house headroom.
