ICICI Pru will "grandfather" two FOFs; fresh investments will cease on January 27.
The program will maintain its current structure as part of the grandfathering procedure, but after three years, starting on January 20, 2026, it will be combined and/or wound up.
ICICI Prudential Mutual Fund has declared that its Global Advantage FoF and Passive Multi-Asset Fund of Fund would be grandfathered starting on January 27, 2026. The AMC claims that this is because the fund's current structure is not covered by SEBI's new Fund of Funds regulations (as stated in a letter from SEBI to AMFI on February 6, 2025).
The Passive Multi-Asset Fund of Fund will no longer accept new investments, including lump sum purchases, SIPs, and STPs, as of January 27, 2026. The IDCW reinvestment option will be changed to the IDCW payout option on February 5, 2026, and current SIPs and STPs will be ended. By January 2029, the program will either be closed or combined in three years. Investors may still redeem their units, transfer to different funds, and go on with current SWPs and STP-outs, according to the announcements.
Similarly, as of January 27, 2026, the Global Advantage FoF will no longer offer SIPs, STPs, or IDCW reinvestment options; instead, the IDCW reinvestment option will be converted to IDCW payout. In August 2025, the fund house had already ceased accepting new contributions to the fund.
Launched in 2022, the iCICI Pru Passive Multi-Asset Fund of Fund currently has an AUM of about Rs 1,415 crore. The fund was established in 2022 and has an AUM of approximately Rs 1,415 crore. It primarily invests in gold, international ETFs, and domestic stock and debt ETFs. Investors still have complete access to withdrawals and redemptions until the fund is eventually wound up or amalgamated, even though new investments are no longer permitted. It mostly makes investments in a combination of gold, international equities ETFs, and domestic debt and equity ETFs/index funds. Approximately 71% of the portfolio as of December 31, 2025, is made up of domestic debt and equities ETFs, 25.5% is made up of foreign ETFs, and the remaining portion is made up of short-term debt and cash.
On October 7, 2019, the ICICI Pru Global Allocation Fund was introduced. As of right now, its AUM is Rs 368 crore.
The Passive Multi-Asset Fund of Fund will no longer accept new investments, including lump sum purchases, SIPs, and STPs, as of January 27, 2026. The IDCW reinvestment option will be changed to the IDCW payout option on February 5, 2026, and current SIPs and STPs will be ended. By January 2029, the program will either be closed or combined in three years. Investors may still redeem their units, transfer to different funds, and go on with current SWPs and STP-outs, according to the announcements.
Similarly, as of January 27, 2026, the Global Advantage FoF will no longer offer SIPs, STPs, or IDCW reinvestment options; instead, the IDCW reinvestment option will be converted to IDCW payout. In August 2025, the fund house had already ceased accepting new contributions to the fund.
Launched in 2022, the iCICI Pru Passive Multi-Asset Fund of Fund currently has an AUM of about Rs 1,415 crore. The fund was established in 2022 and has an AUM of approximately Rs 1,415 crore. It primarily invests in gold, international ETFs, and domestic stock and debt ETFs. Investors still have complete access to withdrawals and redemptions until the fund is eventually wound up or amalgamated, even though new investments are no longer permitted. It mostly makes investments in a combination of gold, international equities ETFs, and domestic debt and equity ETFs/index funds. Approximately 71% of the portfolio as of December 31, 2025, is made up of domestic debt and equities ETFs, 25.5% is made up of foreign ETFs, and the remaining portion is made up of short-term debt and cash.
On October 7, 2019, the ICICI Pru Global Allocation Fund was introduced. As of right now, its AUM is Rs 368 crore.
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