ICICI Prudential Mutual Fund Halts New SIP Registrations in Five Index Funds

ICICI Prudential Mutual Fund has announced the suspension of fresh Systematic Investment Plan (SIP) registrations and subscriptions in five of its index funds. The suspension applies only to new SIPs and will not affect ongoing investments. The suspension will be effective from May 06, 2025. 

List of Affected Funds

The suspension is applicable to the following funds:

• ICICI Prudential Nifty PSU Bond Plus SDL Sep 2027 40:60 Index Fund
• ICICI Prudential Nifty SDL Sep 2027 Index Fund
• ICICI Prudential Nifty G-Sec Dec 2030 Index Fund
• ICICI Prudential Nifty SDL Dec 2028 Index Fund
• ICICI Prudential Nifty SDL Sep 2026 Index Fund

These funds invest in government securities (G-Secs) and state development loans (SDLs), tracking specific bond and debt indices. The suspension will be effective from May 06, 2025.

Scope of the Suspension

The restriction applies only to new SIP registrations and fresh subscription transactions. Existing SIPs that have already been registered will continue without any interruption. Redemptions, switches, and existing investments in these funds remain unaffected.

No Clarification on Duration

ICICI Prudential MF has not specified how long the suspension will last. No additional reasons or detailed explanations regarding the suspension were provided by the fund house at the time of the announcement.

Read more: ICICI Prudential Mutual Fund Declares Income Distribution in Arbitrage Fund

Impact on Investors

Investors who were planning to start new SIPs in any of the five affected funds will need to explore other available schemes for the time being. Those with active SIPs or existing investments in these funds will not experience any change in their investment process or schedules.

Conclusion

ICICI Prudential Mutual Fund has paused fresh SIP registrations for five of its debt-focused index funds. Existing investors remain unaffected, and no changes have been announced regarding redemption or ongoing SIP installments.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.