Mutual Funds

News

Date Heading Details
03-Jul-2020   13:16 Hrs IST ICICI Pru AMC announces change in physical settlement of contracts under Multi Asset Fund <P align=justify>Pursuant to SEBI Circular No: SEBI/HO/IMD/DF2/CIR/P/2020/96 dated June 05, 2020 regarding Participation of Mutual Funds in Commodity Derivatives Markets, ICICI Prudential Asset Management Company (AMC) has announced change in ICICI Prudential Multi-Asset Fund (‘the Scheme') with respect to physical settlement of contracts. Revised Provision: The Scheme may hold the underlying goods in case of physical settlement of Exchange Traded Commodity Derivatives (ETCDs) contracts. In such cases, mutual funds shall dispose of such goods from the books of the scheme, at the earliest, not exceeding the timeline below.&nbsp; For Gold and Silver: 180 days from the date of holding of physical goods. For other goods (other than Gold and Silver): a) By the immediate next expiry day of the same contract series of the said commodity.&nbsp; b) However, if Final Expiry Date (FED) of the goods falls before the immediate next expiry day of the same contract series of the said commodity, then within 30 days from the date of holding of physical goods.&nbsp; As per SEBI (Mutual Funds) Regulations, 1996, ‘goods' shall mean the goods notified by the Central Government under clause (bc) of section 2 of the Securities Contracts (Regulation) Act, 1956 and forming the underlying of any commodity derivative.<P align=justify>All other provisions of the SID and KIM of the Scheme except as specifically modified herein above remains unchanged.
01-Jul-2020   16:26 Hrs IST ICICI Pru AMC announces change in benchmark for the Infrastructure Fund <p align="justify">ICICI Prudential Asset Management Company (AMC) has announced change in benchmark of the Infrastructure Fund with effect from July 03, 2020. ICICI Prudential Infrastructure Fund is an open ended equity scheme following Infrastructure theme. The existing benchmark, Nifty Infrastructure Index, is more concentrated towards a select few stocks. The composition of S&amp;P BSE India Infrastructure Index, the revised benchmark, is more in line with the investment strategy of the Scheme. Further, as per the index methodology, the individual stock weight is capped at 10%, thereby ensuring that the index is not concentrated towards few stocks. Thus, it is a more suitable benchmark for the Scheme. It may be noted that the performance of the Scheme shall be benchmarked to the Total Return Variant of the proposed index.</p><p align="justify">All the other provisions of the SID/KIM/addenda except as specifically modified herein above remain unchanged.</p><p align="justify"><br></p>
01-Jul-2020   12:59 Hrs IST HSBC MF introduces Focused Equity Fund
30-Jun-2020   13:10 Hrs IST ICICI Pru AMC announces levy stamp duty of 0.005% on applicable mutual fund transactions
30-Jun-2020   12:55 Hrs IST ICICI Pru AMC announces change in investor relations officer
29-Jun-2020   16:48 Hrs IST ICICI Pru MF declares dividend under Multiple Yield Fund-Series 11-Plan B 1394 Days.
29-Jun-2020   16:26 Hrs IST ICICI Pru MF declares dividend under Balanced Advantage Fund
29-Jun-2020   16:24 Hrs IST ICICI Pru MF declares dividend under Multi-Asset Fund
26-Jun-2020   16:24 Hrs IST ICICI Prudential AMC announces close ended schemes of ICICI Prudential Mutual Fund
26-Jun-2020   16:06 Hrs IST ICICI Pru MF declares dividend under Multiple Yield Fund-Series 11-Plan A 1427 Days