PGIM India Mutual Fund has revised fresh SIP registrations in three of its overseas-focused funds – PGIM India Global Equity Opportunities Fund of Fund, PGIM India Emerging Markets Equity FoF and PGIM India Global Select Real Estate Securities FoF – has been capped at ₹50,000 per day per investor with effect from Friday.
Fresh systematic transfer plan into the schemes has been stopped from Thursday. However, existing SIP and STP will continue, it said.
In 2022, SEBI has permitted MFs to accept subscriptions and invest in overseas funds/securities up to the headroom available without breaching the overseas investment limits as of February, 2022 at MF level.
In view of the same, the AMC has decided to revise the subscription limits in three schemes with effect from June 5, it said.