ICICI Prudential MF announces key fund manager changes for two schemes from May 1

ICICI Prudential Asset Management Company has issued an official notice updating certain details in the Scheme Information Documents (SIDs) and Key Information Memoranda (KIMs) of two of its scheme, ICICI Prudential Passive Multi-Asset Fund of Fund and ICICI Prudential Global Advantage Fund (FOF).

As per the update, there has been a revision in the fund management teams of both schemes, effective May 1, 2026.

For the Passive Multi-Asset Fund of Fund, the earlier team included Sankaran Naren, Manish Banthia, Ritesh Lunawat, Dharmesh Kakkad, Nishit Patel, and Sharmila D’silva. Following the revision, the updated team will now comprise Manish Banthia, Ritesh Lunawat, Nishit Patel, and Sharmila D’silva.

Similarly, for the Global Advantage Fund (FOF), the fund management responsibility has been streamlined. Earlier managed by Sankaran Naren, Dharmesh Kakkad, Sharmila D’silva, and Masoomi Jhurmarvala, the scheme will now be managed solely by Sharmila D’silva from the effective date.

The asset management company clarified that there are no other changes to the schemes. All remaining provisions outlined in the SIDs and KIMs will continue as they are. This notice-cum-addendum should be read as an integral part of the existing scheme documents, alongside any previous updates issued from time to time.

Such revisions are typically part of routine portfolio management and operational adjustments, and investors are advised to take note of the updated fund management structure while reviewing their investments.