ICICI Prudential Mutual Fund reduces minimum SIP installment amount

economictimes.indiatimes.com:

SIP in ICICI Prudential Bluechip Fund, ICICI Prudential Multi-Asset Fund and ICICI Prudential Ultra Short Term Fund. “The minimum installment amount for SIP under ICICI Prudential Bluechip Fund and ICICI Prudential Multi-Asset Fund is revised from Rs 100 and in multiples of Re 1 to Rs 20 and in multiples of Re 1. Under ICICI Prudential Ultra Short-Term Fund is revised from Rs 1,000 and in multiples of Re 1 to Rs 50 and in multiples of Re 1.”ICICI Prudential Mutual Fund announced the revisions through Notice–cum–addendum. The change in minimum installment amount for Systematic Investment Plan (SIP) under daily frequency of ICICI Prudential Bluechip Fund, ICICI Prudential Multi-Asset Fund and ICICI Prudential Ultra Short -Term Fund will be effective from July 15, 2023.

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The applicability of the minimum amounts mentioned above are at the time of registration only. The above changes shall be applicable for prospective investments only and for investments made through all modes in daily SIP frequency of the schemes. All the other provisions of the SIDs/KIMs of the schemes, except as specifically modified herein above remain unchanged. This Notice-cum-Addendum forms an integral part of the SIDs/KIMs of the schemes, as amended from time to time.