ICICI Prudential Mutual Fund has announced that ICICI Prudential Thematic Advantage Fund (FOF) will be reclassified as ICICI Prudential Aggressive Hybrid Active FOF with effect from April 1, 2026.

According to the fund house, the fund will now be classified as Hybrid FOF (Domestic)

Aggressive Hybrid FOF.

The fund house said that On February 06, 2025, SEBI via AMFI introduced Framework for launching Fund of Fund (FOF) schemes with multiple underlying funds (the Framework) which required to re-align all the existing Fund of Fund schemes within provisions of the ‘Framework’.

So, to comply with this ‘Framework’, the scheme is being repositioned in a way that it gets the best of both the sector rotation as well as theme rotation.