Mumbai : ICICI Prudential MF has announced changes in the Scheme Information Document (SID) and Key Information Memorandum (KIM) of ICICI Prudential Mutual Fund (the Fund) where SIP Plus is available (the Schemes).
As per announcement, SIP Plus can be availed along with SIP Top – up facility in the Schemes with effect from March 26, 2019 (the effective date). The amount of Life Insurance Cover will be calculated on the basis of the first triggered SIP amount. Investors may note that SIP Plus shall be available only on fresh subscriptions/registrations of SIP Top – up received on or after the effective date. SIP Plus shall not be available on availing of SIP Top – up facility in an ongoing SIP. All the other provisions of the SID/KIM of the schemes remain unchanged.