ICICI Prudential Mutual Fund announces grandfathering of Passive Multi-Asset and Global Advantage FOFs

ICICI Prudential Mutual Fund has announced the grandfathering of two schemes: ICICI Prudential Passive Multi-Asset Fund of Fund and ICICI Prudential Global Advantage Fund (FOF) with effect from January 27, 2026.

The fund house has taken this decision as both schemes could not be classified under any of the categories specified under SEBI's "‘Framework for launching of Fund of Fund (FOF) schemes with multiple underlying Funds".

Here are all the key details shared by the fund house about the future of both these schemes

ICICI Prudential Passive Multi-Asset Fund of Fund

• Scheme will be merged and/or wound up upon completion of three years from January 20, 2026.

• The scheme will not accept subscription through Lump Sum mode and/or through fresh Systematic Investment Plan (SIP) or Systematic Transfer Plan (STP) with effect from January 27, 2026.

• All purchase or switch-in transactions of the scheme timestamped on or before 3.00 PM of January 23, 2026, will be accepted and processed at the applicable NAV.

• Existing SIP and/or STP, including IDCW reinvestment option and other special products registered under any mode/facility for investing in the scheme will be discontinued effective from February 5, 2026.

• The IDCW reinvestment option would be changed to IDCW Payout.

• Redemptions and/or switch-outs, including existing Systematic Transfer Plan (STP-Out) and/or Systematic Withdrawal Plan (SWP) registered under any mode/facility for redeeming/switching out from the scheme will continue.

• Grandfathering will have no impact on redemption and/or switch-out of units from the scheme.

• The scheme will continue to adhere to the applicable regulatory guidelines and provisions of the Scheme Information Document (SID) and Key Information Memorandum (KIM).

ICICI Prudential Global Advantage Fund (FOF)

• The scheme will be merged and/or wound up upon completion of three years from January 20, 2026.

• Existing SIP and/or STP, including IDCW, reinvestment option, and other special products registered under any mode for investing will be discontinued with effect from February 5, 2026.

• IDCW reinvestment option would be changed to IDCW Payout.

• Fresh subscriptions in the scheme has already been discontinued since August 13, 2024.

• Redemptions and/or switch-outs, including existing STP-Out and/or SWP, will continue.

• Grandfathering will have no impact on redemption and/or switch-out of units from the scheme.