ICICI Prudential AMC Renames Mutual Funds: SEBI Mandate

ICICI Prudential Asset Management Company (AMC) has announced name changes for multiple mutual fund schemes, with revisions set to take effect from August 26, 2026.

This initiative directly responds to the Securities and Exchange Board of India (SEBI) Master Circular for Mutual Funds, dated March 20, 2026. The circular outlines new mandates for the categorization and rationalization of mutual fund schemes, along with subsequent Frequently Asked Questions (FAQs).

Equity Scheme Revisions

The changes impact schemes across Equity, Debt, and Hybrid categories. In the Equity sector, several fund names are being streamlined to align with the new regulatory framework.

• ICICI Prudential Dividend Yield Equity Fund will be renamed ICICI Prudential Dividend Yield Fund.
• ICICI Prudential Focused Equity Fund will become ICICI Prudential Focused Fund.
• ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund is changing to ICICI Prudential Healthcare Fund.
• Other equity schemes, including Midcap, Multicap, Smallcap, Flexicap, and ELSS Tax Saver Funds, will also undergo minor name adjustments.

Debt Scheme Adjustments

Similarly, the Debt category sees significant nomenclature updates to reflect clearer scheme categorization as per SEBI’s guidelines.

• ICICI Prudential Savings Fund is being renamed ICICI Prudential Ultra Short to Short Term Fund.
• ICICI Prudential Medium Term Bond Fund will be known as ICICI Prudential Medium Term Fund.
• ICICI Prudential Bond Fund will become ICICI Prudential Medium to Long Term Fund.
• Additional debt schemes, such as All Seasons Bond Fund, Floating Interest Fund, Constant Maturity Gilt Fund, and Banking & PSU Debt Fund, are also subject to name modifications.

Hybrid Fund Name Changes

The Hybrid fund category also features several key renaming efforts to ensure consistency with the categorization and rationalization directives.

• ICICI Prudential Equity & Debt Fund will be renamed ICICI Prudential Aggressive Hybrid Fund.
• ICICI Prudential Regular Savings Fund is changing to ICICI Prudential Conservative Hybrid Fund.
• ICICI Prudential Multi-Asset Fund will become ICICI Prudential Multi Asset Allocation Fund.

The company has confirmed that all other provisions within the Statement of Additional Information (SAI), Scheme Information Documents (SIDs), and Key Information Memorandums (KIMs) for these schemes will remain unchanged. This Notice-cum-Addendum is now an integral component of the existing scheme documentation.

Key Dates

• August 26, 2026: Effective date for scheme name changes.
• March 20, 2026: Date of SEBI’s Master Circular for Mutual Funds.