ICICI Prudential MF to halt fresh inflows in three overseas schemes from March 2

ICICI Prudential AMC

• ICICI Prudential AMC to halt new investments in 3 overseas funds
• Existing SIPs and SWPs will continue as per scheme rules
• Move due to RBI's overseas investment cap being fully utilized

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ICICI Prudential Asset Management Company will stop accepting fresh subscriptions in three of its overseas schemes from March 2, 2026, the fund house said in a notice. The move applies to ICICI Prudential US Bluechip Equity Fund, ICICI Prudential Nasdaq 100 Index Fund and ICICI Prudential Strategic Metal and Energy Equity Fund of Funds.

The asset management company (AMC) had only recently resumed fresh investments in these international schemes in January 2026 after a prolonged pause. The latest decision indicates that the available headroom under the overseas investment limits has once again been fully utilised, prompting the fund house to suspend new inflows.

As part of the restrictions, the AMC has discontinued fresh investments through the lump sum route, including switches from other schemes. It has also halted new registrations under Systematic Investment Plans (SIPs), Systematic Transfer Plans (STPs), and certain special facilities where these three schemes are designated as the target schemes.

However, existing systematic transactions that were registered before the cut-off date will continue, subject to the provisions outlined in the respective scheme documents and applicable regulatory guidelines.

Redemptions and switch-outs, including ongoing STP-Out and Systematic Withdrawal Plan (SWP) registrations, will not be affected. The fund house said it may reopen subscriptions if overseas investment limits become available or are enhanced, or if there is further clarification from regulators.

The restrictions stem from limits set by the Reserve Bank of India, which caps the mutual fund industry’s investment in foreign securities at $7 billion, with an additional $1 billion allowed for overseas exchange-traded funds. These caps have led several fund houses to pause fresh inflows into international schemes since 2022.

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