5 days ago
ICICI Prudential Renames 19 Funds, Revises Types of 23
ICICI Prudential is changing the names of 19 mutual funds.
It is also updating the formal descriptions of 23 funds.
These changes start on August 26, 2026.
The changes are being made to follow new mutual fund rules from SEBI.
Some names will become shorter or clearer.
Many descriptions will say that funds are “investing in” a theme instead of “following” it.
One fund’s description will no longer mention investments in REITs.
Investors should read the latest fund documents before making decisions.
ICICI Prudential AMC will rename 19 mutual fund schemes effective August 26, 2026.
The AMC will revise the formal scheme types of 23 funds across equity, debt, and hybrid categories.
The changes follow SEBI’s revised framework for mutual fund categorisation and rationalisation issued on March 20, 2026.
Updated SAI, SID, and KIM documents will reflect necessary changes linked to the revised guidelines.
The AMC said a name or scheme-type change alone does not automatically alter a fund’s objective, risk profile, or expected returns.
- Who
- ICICI Prudential Asset Management Company and investors in the affected mutual fund schemes.
- What
- The AMC is changing the names of 19 schemes and revising the scheme types of 23 funds.
- Where
- The changes apply to ICICI Prudential mutual fund schemes in India and their listings on exchanges, depositories, and other platforms.
- When
- The changes take effect on August 26, 2026; platform updates will occur in due course.
- Why
- The revisions align the schemes with SEBI’s framework for categorisation and rationalisation of mutual fund schemes.
Regulatory and AMC view
Investor-focused view
Effect of the revisions
Regulatory and AMC view
ICICI Prudential AMC says the name and scheme-type changes align its funds with SEBI’s revised categorisation framework and do not by themselves indicate changes in investment objectives, risk profiles, or expected returns.
Investor-focused view
Investors should not rely only on the revised names. They should review the latest SIDs, KIMs, and official AMC communications to identify any fund-specific changes before making decisions.
Multi Asset Allocation Fund
Regulatory and AMC view
The revised description continues to include equity, debt, commodity derivatives, gold ETFs, silver ETFs, InvITs, and preference shares.
Investor-focused view
The revised description removes units of REITs from the listed investment universe, so investors in this fund should examine the updated documents for the precise implications.
Key facts
- Effective date
- August 26, 2026
- Fund names revised
- 19 mutual fund schemes
- Scheme types revised
- 23 funds across equity, debt, and hybrid categories
- Regulatory basis
- SEBI’s Master Circular for Mutual Funds dated March 20, 2026, and related FAQs
- Assets under management
- Rs 11,96,668 crore as of June 30, 2026
- Investor base
- More than 1.73 crore investors
- Life-cycle fund NFOs
- Life Cycle Fund 2031, Life Cycle Fund 2036, and Life Cycle Fund 2041; available from August 26 to September 9
Quotes
ICICI Prudential Asset Management Company
The asset management company announcing the mutual fund name changes
“The investors are further requested to note that subsequent to the effective date, the change in the name of the Schemes would be carried out on the stock exchange/ depositories and other platforms in due course”
financialexpress.com
Sources
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