MUTUAL FUNDS
ICICI Pru AMC announces Booster STP facility under select schemes
Oct-14-2021

ICICI Prudential Asset Management Company (AMC) has announced changes with respect to the Booster Systematic Transfer Plan (Booster STP) facility available to the investors of select schemes. The following change/ additional features to the Booster STP may be noted: 1) Ability to provide a maximum amount of transfer to Target scheme: Investors will be given an option to transfer a cumulative amount (Target Amount) in the range of 0.10x to 5x/10x of selected multiplier to the target scheme. Thus, they can limit the amount which will be transferred under the Booster STP facility. In case target amount is opted by the Investors, the default end date will be updated as December 31, 2099. Such amount shall be transferred to the Target Scheme until the cumulative amount has reached the maximum amount as specified by the investor OR the default end date, whichever is earlier; 2) Additional Multiplier Added: The current range of multiplier is from of 0.10x to 5x of the base Installment amount referred as 5X multiplier. There is an addition where the upper limit of the range has been enhanced to 10x of the base Installment amount, which will be referred as 10X mutliplier. Unitholders may choose the multiplier for the Booster STP registration, failing which the default multiplier of 5X will be considered. The above changes shall be effective from October 14, 2021. 

All other features of Booster STP shall remain unchanged.

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