ICICI Prudential Mutual Fund will stop accepting fresh subscription in three of its international funds from Monday due to the fear of breaching the limit set by AMFI.
The three international funds that will discontinue all types of inflows are ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund, ICICI Prudential Strategic Metal and Energy Equity Fund.
According to the notice-cum-addendum to the scheme information documents of these schemes, the fund house said lump sum mode (including Switches), Systematic Investment Plan and/or Systematic Transfer Plan registration (where such schemes are target schemes), special products/features like Freedom SIP, SIP Top Up facility, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP, Transfer-in of Income Distribution cum Capital Withdrawal Plan will be discontinued.
However, with respect to the existing systematic transactions, the AMC will continue processing the systematic transaction installments subject to compliance with the provisions specified in the SIDs of the aforesaid schemes and such other conditions as specified by SEBI/AMFI, it said.
The AMC will resume acceptance of subscriptions in the three schemes in the event of availability of limits or enhancements of limits or issuance of any clarification by SEBI/AMFI, said the notice to investors.
In 2022, SEBI restricted MFs from accepting fresh investments in overseas schemes due to size of these funds reaching close to industry-wide limit of $7 billion and $1 billion ETF-specific limit set by the RBI. In 2024, the inflows into foreign-focused ETS were also stopped.
However, following the industry representation SEBI allowed to MFs to accept investment in overseas funds upto the headroom available with each fund house. Now, closing in on the available headroom, ICICI Prudential MF has stopped fresh inflows in its US-foused funds.
Published on March 1, 2026
