ICICI Prudential Mutual Fund has announced Income Distribution cum Capital Withdrawal (IDCW) payouts for two of its schemes - ICICI Prudential Arbitrage Fund and ICICI Prudential Multi-Asset Fund. According to latest reports, the record date for all distributions has been fixed as July 6, 2026, or the immediately following business day if July 6 is a non-business day. The trustee to ICICI Prudential Mutual Fund, ICICI Prudential Trust, has approved the distribution under the IDCW option of all eligible schemes.
Under the ICICI Prudential Arbitrage Fund, the IDCW has been declared at ₹0.0500 per unit on the face value of ₹10 under both IDCW and Direct Plan-IDCW options. For the ICICI Prudential Multi-Asset Fund, the IDCW has been declared at ₹0.1600 per unit on the face value of ₹10 under both Direct-IDCW and regular IDCW options. As reported by Upstox, investors holding units in the eligible IDCW options on the record date will be eligible to receive the distribution, subject to the applicable provisions of the scheme.
Separately, ICICI Prudential Asset Management Company announced an addendum to the Statements of Additional Information (SAIs) of ICICI Prudential Mutual Fund and iSIF following changes in the boards of its asset management company and trustee company. Ved Prakash Chaturvedi retired as an Independent Director on the Board of ICICI Prudential Asset Management Company with effect from the close of business hours on June 30, 2026. Similarly, Puranam Hayagreeva Ravikumar retired as an Independent Director on the Board of ICICI Prudential Trust with effect from the close of business hours on June 30, 2026. Following their retirement, all references to the two directors have been removed from the SAIs, with the fund house clarifying that all other provisions of the Statements of Additional Information for the fund and iSIF remain unchanged.
Separately, ICICI Prudential Mutual Fund has launched two new schemes - ICICI Prudential Balanced Hybrid Fund and ICICI Prudential Multi-Asset Active FOF. According to Upstox, the new fund offers (NFOs) for both schemes opened on June 30, 2026, and will close on July 14, 2026. The Balanced Hybrid Fund aims to generate capital appreciation and income by investing in a mix of equity and debt instruments with a minimum investment amount of ₹500. The Multi-Asset Active FOF will invest predominantly in active equity-oriented schemes, debt-oriented schemes, and Gold and Silver ETFs with a minimum investment amount of ₹1,000.
