MUTUAL FUNDS
ICICI Pru AMC announces change in provision of Direct Transaction in ETFs
Apr-30-2024

ICICI Prudential Asset Management Company (AMC) has announced addendum to Scheme Information Documents (SIDs) and Key Information Memorandums (KIM) of Exchange Traded Funds (‘ETF’s’) of ICICI Prudential Mutual Fund.

ICICI Prudential Mutual Fund has informed that pursuant to SEBI letter dated April 26, 2024, the threshold of greater than Rs 25 crore for direct transaction in the units of the ETFs with the AMC as prescribed in paragraph 3.6.2.2 of SEBI Master Circular for Mutual Funds dated May 19, 2023, shall not be applicable for the: 1. Schemes managed by Employee Provident Fund Organization, India and 2. Recognised Provident Funds, approved gratuity funds and approved superannuation funds under Income tax act, 1961 until October 31, 2024. In light of the above, notice cum addendum published by the AMC on October 31, 2023, pertaining to aforementioned exceptions shall stand modified.

All the other provisions of the SIDs and KIMs of the ETFs except as specifically modified herein above remain unchanged. This Notice-cum-Addendum forms an integral part of the SIDs and KIMs of the ETFs, as amended from time to time.


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