Fundamental attributes changes in ICICI Prudential Income Optimizer Fund (FOF)

ICICI Prudential Mutual Fund has announced change in the fundamental attributes of ICICI Prudential Income Optimizer Fund (FOF) .

• The scheme name of 'ICICI Prudential Income Optimizer Fund (FOF)' change to 'ICICI Prudential Income Plus Arbitrage FOF' .
  
• The investment objective is to invest in Debt oriented schemes and Arbitrage schemes in order to generate regular income.
  
• As per the updated asset allocation, the fund will now invest 95-100 per cent of its assets in the units of debt-oriented mutual funds and arbitrage schemes.
  
• The benchmark of the scheme has changed from 'NIFTY 50 TRI (35%) + CRISIL Composite Bond Index (65%)' to '60% Nifty Composite Debt Index + 40% Nifty Arbitrage Index' .
  

These changes are effective from April 07, 2025 .

As per the regulatory requirements, unitholders have been given a 32-day exit window from April 04, 2024 to May 07, 2025. Investors who do not consent to these changes have an option to either switch or redeem their investments without paying any exit load during the period. No action is required to be taken by investors who don't have any objection to the proposed change.