Insights

Suspension of Lump Sum Subscription in Midcap and Smallcap Fund – ICICI MUTUAL FUND

April 1, 2024 . FundsIndia Desk

The Investors are requested to note the following:

  • Lump sum subscriptions and switches into ICICI Prudential Mutual Fund’s Midcap and Smallcap Fund are temporarily suspended.
  • Investors can continue to register for Systematic Investment Plans (SIP) and Systematic Transfer Plans (STP), with monthly limits of ₹2,00,000 per PAN level, varying based on frequency.

The frequencies are as follows:

• Daily SIP/STP in – ₹ 10,000

• Weekly SIP/STP in – ₹ 50,000

• Fortnightly SIP in – ₹ 1,00,000

• Monthly SIP/STP in – ₹ 2,00,000

• Quarterly SIP/STP in – ₹ 6,00,000

For more details, read the addendum.

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