ICICI Prudential Commodities Fund to invest in Silver ETFs

ICICI Prudential Mutual Fund has changed the fundamental attribute of ICICI Prudential Commodities Fund. The scheme may also invest in units of Silver ETFs in addition to the existing asset classes. ICICI Prudential Commodities Fund invests in multiple asset classes like equity, debt, gold ETFs, and REITs among others.

The changes will be effective from May 6, 2024. The fund house informed the unit holders through a notice-cum-addendum.

After the proposed changes, the scheme will allocate 80-100% in equity and equity-related instruments of companies engaged in commodity and commodity-related sectors, 0-20% in other equity and equity-related instruments, 0-20% in debt, units of debt mutual fund schemes and money market instruments, 0-10% in units issued by REITs and InvITs, and 0-20% in Gold ETFs/Silver ETFs/ other asset classes as may be permitted by Sebi from time to time (subject to applicable Sebi limits).