ICICI Prudential Smallcap Fund Reopens for Subscriptions from January 23, 2026

• ICICI Prudential Smallcap Fund will resume accepting subscriptions from January 23, 2026, as announced by ICICI Prudential Asset Management Company Ltd.
• All investment amount restrictions at the PAN level have been removed, allowing fresh lump sum purchases, switch-ins, and registrations for SIP/STP.
• The fund had previously suspended fresh subscriptions in March 2024 to manage elevated valuations in mid- and small-cap stocks.
• This suspension followed a SEBI directive for mutual funds to conduct stress tests on mid-cap and small-cap schemes.
• Former SEBI chairperson Madhabi Puri Buch had raised concerns about potential overheating in the equity market due to mid- and small-cap investments.

Why It Matters: ICICI Prudential Smallcap Fund reopens for subscriptions in 2026, lifting all investment restrictions.