ICICI Prudential Mutual Fund to Suspend Fresh Inflows in Three Overseas Schemes from March 2

ICICI Prudential Asset Management Company Restricts Overseas Schemes

ICICI Prudential Asset Management Company will cease accepting fresh subscriptions in three of its international schemes from March 2, 2026. The affected schemes are the ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund, and ICICI Prudential Strategic Metal and Energy Equity Fund of Funds.

This decision follows a brief resumption of fresh investments in these schemes in January 2026, after a prolonged pause. The asset management company has determined that the available headroom under the overseas investment limits has been fully utilised, necessitating the suspension of new inflows.

Key restrictions include:

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• Discontinued fresh investments through the lump sum route
• Halted new registrations under Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs)
• Certain special facilities where these three schemes are designated as the target schemes have been halted

However, existing systematic transactions will continue, subject to the provisions outlined in the respective scheme documents and applicable regulatory guidelines. Redemptions and switch-outs, including ongoing STP-Out and Systematic Withdrawal Plan (SWP) registrations, will not be affected.

The restrictions are a result of limits set by the Reserve Bank of India, which caps the mutual fund industry's investment in foreign securities at $7 billion, with an additional $1 billion allowed for overseas exchange-traded funds. These caps have led several fund houses to pause fresh inflows into international schemes since 2022.