ICICI Pru AMC announces levy stamp duty of 0.005% on applicable mutual fund transactions

ICICI Prudential Asset Management Company (AMC) has announced that, pursuant to Notification No. S.O. 1226(E) and G.S.R. 226(E) dated March 30, 2020 issued by Department of Revenue, Ministry of Finance, Government of India, read with Part I of Chapter IV of Notification dated February 21, 2019 issued by Legislative Department, Ministry of Law and Justice, Government of India on the Finance Act, 2019, a stamp duty at 0.005% of the transaction value would be levied on applicable mutual fund transactions, with effect from July 1, 2020. Accordingly, pursuant to levy of stamp duty, the number of units allotted on purchase transactions (including dividend reinvestment) to the unitholders would be reduced to that extent.

The SID and KIM of all Schemes of the Fund will stand modified to the extent mentioned above.

This Addendum forms an integral part of the SID and KIM of all Schemes. All other terms and conditions of the Schemes remain unchanged.