ICICI Prudential Smallcap Fund to resume subscriptions from January 23

The reopening comes with the withdrawal of all previous investment restrictions at the PAN level

• ICICI Prudential Smallcap Fund to reopen for subscriptions on January 23, 2026
• All previous PAN-level investment restrictions will be withdrawn upon reopening
• Fund delivered a 3-year CAGR of 14.74% as of January 20, 2026

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ICICI Prudential Asset Management Company Limited (AMC) in a latest addendum announced that its Smallcap Fund will reopen for subscriptions starting January 23, 2026, following approval from ICICI Prudential Trust Limited, the scheme's trustee. The reopening comes with the withdrawal of all previous investment restrictions at the PAN level, allowing investors to make fresh or additional purchases through lump sum investments, switch transactions, Systematic Investment Plans (SIP), or Systematic Transfer Plans (STP).

ICICI Prudential Asset Management Company had previously announced a temporary discontinuation of subscriptions in ICICI Prudential Midcap Fund and ICICI Prudential Smallcap Fund in March 14, 2024. The decision at that time was taken on the back of a decision from the regulator,  Securities and Exchange Board of India (SEBI), which directed mutual funds to conduct stress tests on their mid-cap and small-cap schemes. The SEBI stress test is a regulatory requirement for Indian mutual funds, to check how quickly they can liquidate their portfolios under extreme market stress. The results are to be disclosed every 15 days.

ICICI Prudential Smallcap Fund is an equity-oriented scheme that aims to generate long-term capital appreciation by investing predominantly in small-cap stocks, with a diversified portfolio spread across over 100 companies. Launched in October 2007, the fund currently manages assets of about Rs 8,428 crore. Industrials account for 26.22 percent of the portfolio, followed by Basic Materials at 22.73 percent and Consumer Cyclical at 12.77 percent. Financial Services make up 11.32 percent, while Healthcare constitutes 8.31 percent. Consumer Defensive stocks represent 3.08 percent, Utilities 2.39 percent, and Real Estate 1.36 percent. Technology has a weightage of 1.22 percent, Energy 0.76 percent, and Communication Services 0.68 percent of the portfolio. As of January 20, 2026, the fund has delivered a three-year CAGR of 14.74%.  The fund is managed by Anish Tawakley and Aatur Shah.