ICICI Prudential Mutual Fund Suspends Fresh Subscriptions in 3 International Schemes from March 2, 2026

ICICI Prudential Asset Management Company has said it will stop accepting fresh investments in 3 of its overseas mutual fund schemes from March 2, 2026.  

The restriction will apply to ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund and ICICI Prudential Strategic Metal and Energy Equity Fund of Funds. 

Fresh Subscriptions to Be Paused 

From the stated date, the fund house will not accept new investments through lump sum purchases, including switches from other schemes into these funds. New registrations under Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) will also not be allowed. 

Certain special facilities where these schemes are chosen as target funds will fall under the same restrictions. 

Existing Investments to Continue 

Investors who have already registered SIPs, STPs or similar systematic transactions before the cut-off date will be able to continue with their contributions, subject to the provisions of the scheme documents and applicable regulations. 

Redemptions will remain open. Investors can continue to withdraw or switch out of these schemes. Existing Systematic Withdrawal Plans (SWPs) and STP-Out transactions will not be affected. 

Linked to Overseas Investment Caps 

The decision follows the utilisation of available overseas investment limits permitted to mutual funds in India. The Reserve Bank of India allows the industry to invest up to $7 billion in foreign securities, along with an additional $1 billion in overseas exchange-traded funds. 

These limits have led several asset managers to periodically suspend fresh inflows into international schemes since 2022 when headroom under the cap gets exhausted. 

Recent Reopening Followed by Pause 

The schemes had resumed accepting fresh investments in January 2026 after a prolonged halt. The latest update indicates that the available allocation for overseas exposure has once again been used up. 

Scope for Review 

The fund house stated that fresh subscriptions may be reopened if overseas investment limits are enhanced, become available again, or if there is further regulatory clarity. 

Read More: RBI Approves SBI Mutual Fund's Plan to Pick 9.99% Stake in Bandhan Bank! 

Conclusion 

Only new investments into these overseas schemes are affected by the decision. Ongoing SIPs and redemption facilities remain unchanged. The fund house indicated that fresh subscriptions could reopen subject to availability under overseas investment limits 

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 are subject to market risks, read all the related documents carefully before investing.