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<h1>Specification under section 10(23D): ICICI Mutual Fund recognised as a mutual fund of a public financial institution.</h1> Central Government specifies that ICICI Mutual Fund, established by Industrial Credit and Investment Corporation of India Limited under a trust deed dated 25 August 1993, qualifies as a mutual fund of a public financial institution for the purposes of clause 10(23D) of the Income-tax Act by notification S.O.825(E) dated 29 October 1993.