ICICI Pru Reopens Midcap Fund & Kotak Nifty 500 NFO Launch
By ThePip Desk
Discover the latest mutual fund updates as ICICI Prudential AMC reopens its Midcap Fund with limits, and Kotak launches the Nifty 500 Index Fund NFO.
ICICI Prudential Asset Management Company has announced fresh subscription updates for its Midcap Fund alongside Kotak Mahindra Mutual Fund launching a new Nifty 500 Index Fund. These developments bring fresh portfolio options for investors tracking Indian equity markets through October 2026.
ICICI Prudential Midcap Fund Subscription Updates
ICICI Prudential Mutual Fund informed investors that the trustee approved fresh and additional subscriptions via lumpsum or switch in the ICICI Prudential Midcap Fund. The new rules allow transactions capped at Rs. 10 lac per PAN per day starting October 8, 2026. Any transaction breaching this threshold will face complete rejection without partial acceptance.
Kotak Mahindra Nifty 500 Index Fund NFO
Kotak Mahindra Mutual Fund introduced the Kotak Nifty 500 Index Fund as a passive investment scheme tracking the Nifty 500 Index. The New Fund Offer period opened for subscription on October 5, 2026, and is scheduled to close on October 19, 2026. Fund managers Satish Dondapati and Jeetu Valechha Sonar manage the equity portion while Abhishek Bisen oversees debt securities.
Key Scheme Numbers
- Subscription Limit: Rs. 10 lac per PAN per day for ICICI Prudential Midcap Fund effective October 8, 2026.
- NFO Opening Date: October 5, 2026, for Kotak Nifty 500 Index Fund.
- NFO Closing Date: October 19, 2026, for Kotak Nifty 500 Index Fund.
Investors assessing these fund updates should review respective scheme documents and evaluate portfolio alignments against prevailing market conditions.