ICICI Pru to 'Grandfather' Two FoFs; New Investments Halt from Jan 27, 2026
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Moneycontrol•24-01-2026, 18:10
ICICI Pru to 'Grandfather' Two FoFs; New Investments Halt from Jan 27, 2026
- •ICICI Prudential Mutual Fund will 'grandfather' its Passive Multi-Asset Fund of Fund and Global Advantage FoF from January 27, 2026.
- •The decision is due to SEBI's new rules for Fund of Funds, which do not cover the current structure of these schemes.
- •For Passive Multi-Asset FoF, new investments (lump sum, SIPs, STPs) will stop from Jan 27, 2026; existing SIPs/STPs end Feb 5, 2026.
- •Global Advantage FoF will also discontinue existing SIPs/STPs and convert IDCW reinvestment to payout from Jan 27, 2026; fresh subscriptions were already halted in August 2025.
- •Investors can still redeem units, switch funds, and continue existing SWPs/STP-outs until the funds are merged or closed within three years.
Why It Matters: ICICI Pru is halting new investments in two FoFs due to SEBI rule changes, with eventual merger or closure.
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