ICICI Prudential Mutual Fund has removed the ₹2 lakh per PAN monthly limit on fresh Systematic Investment Plan (SIP) registrations and other systematic investment facilities in its Midcap Fund, effective from July 16, 2026. According to the fund house, the Trustee has approved acceptance of fresh registrations without this restriction under SIP, Systematic Transfer Plan (STP) and all other systematic transactions and special products/features. The change applies to Freedom SIP, SIP Top Up Facility, Booster SIP, Flex STP, Booster STP, Capital Appreciation STP, Transfer-in of Income Distribution cum Capital Withdrawal Plan (IDCW) and Trigger Facility.
Despite the SIP cap removal, restrictions on lump sum investments and switch-ins remain unchanged. As reported by the fund house, the existing restriction on fresh/additional purchases through lump sum mode and switch-ins into the scheme from any other schemes of ICICI Prudential Mutual Fund shall continue till further notice. This means investors can only invest through systematic routes without any monthly limit, while lump sum investments continue to face the same restrictions.
According to the fund house, all other provisions of the Scheme Information Document (SID) and Key Information Memorandum (KIM) remain unchanged except for the specific SIP limit removal. The notice-cum-addendum forms an integral part of the SID and KIM of the scheme, as amended from time to time. The move provides investors greater flexibility to start or increase investments through SIPs and other systematic routes, while maintaining the existing framework for lump sum investments.
