ICICI Mutual Fund SIP Update, New Registrations To Stop In 5 Schemes
ICICI Mutual Fund will stop accepting new SIPs in five index fund schemes starting May 6, 2025. Existing SIPs and other transactions like redemptions and switches will continue as usual.
Fresh SIP Registrations to Be Discontinued |
Mumbai: ICICI Mutual Fund has informed that from May 6, 2025, fresh Systematic Investment Plan (SIP) registrations will not be allowed in five of its index fund schemes. This change will apply to transactions done through the BSE StAR MF Platform.
Affected Mutual Fund Schemes
Here are the five schemes where new SIPs will be stopped:
- 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
Existing SIPs to Continue
If your SIP was registered before May 6, 2025, it will continue until either the SIP end date or the scheme’s maturity, whichever comes first.
Other Transactions Will Continue
Although fresh SIPs are being stopped, other types of transactions will still be allowed. These include:
- Fresh or additional purchases
- Redemptions (withdrawals)
- Switches (in or out)
- SWP (Systematic Withdrawal Plan)
- STP (Systematic Transfer Plan)
All these will remain available on the BSE StAR MF platform.
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