The temporary suspension was introduced to comply with the overseas investment limits prescribed by the regulator, said the fund house

The temporary suspension was introduced to comply with the overseas investment limits prescribed by the regulator, said the fund house
| Photo Credit:
juststock

PGIM India Mutual Fund has temporarily suspended existing systematic investment plans (SIPs) and systematic transfer plan (STP) instalments in three of its international schemes from August 7.

The suspension applies to PGIM India Global Equity Opportunities Fund of Fund, India Emerging Markets Equity FoF and India Global Select Real Estate Securities FoF. The temporary suspension was introduced to comply with the overseas investment limits prescribed by the regulator, said the fund house.

In 2022, SEBI capped all the limit of overseas investment level of all the fund houses and with international markets falling it allowed them to accept investments up to the headroom available.

With the available headroom inching close, PGIM decided to temporarily suspend all existing SIP and STP in the designated schemes post the cut off timing of August 7, it said.

Published on August 5, 2026



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *