The three international funds that will halt all types of inflows are ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund, ICICI Prudential Strategic Metal and Energy Equity Fund.
As per the announcement addendum to the scheme information documents of these schemes, the fund house said that lump sum mode (including Switches), Systematic Investment Plan and/or Systematic Transfer Plan registration (where such schemes are target schemes), special products/features like Freedom SIP, SIP Top Up facility, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP, Transfer-in or Income Distribution cum Capital Withdrawal Plan will be discontinued.
However, in respect of the existing systematic transactions, the AMC will continue to process the systematic transaction installments subject to compliance with the provisions specified in the SIDs of the above-mentioned schemes and other conditions as specified by SEBI/AMFI, the AMC said.
The AMC will resume acceptance of subscriptions to the three schemes in case of availability of limits or increase in limits or if any clarification is given by SEBI/AMFI, the notice to investors said.
In 2022, SEBI restricted MFs from accepting new investments in overseas schemes as the size of these funds almost reached the sector-wide limit of $7 billion and the ETF-specific limit of $1 billion set by the RBI. In 2024, the inflow into the foreign-oriented ETS was also stopped.
However, following the industry representation, SEBI allowed the MFs to accept investments in foreign funds up to the space available with each fund house. As space closes in, ICICI Prudential MF has halted fresh inflows into its US-backed funds.
Published on March 1, 2026
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