Business Standard

MFs realign international offerings after Sebi diktat on subscriptions

On Friday, market regulator had, through Amfi advised stopping of subscriptions in such schemes to avoid breach of overall cap of $7 bn for investment in overseas securities

Mutual Funds, SIPs, Mutual Fund investors

Illustration: Binay Sinha

Chirag Madia Mumbai
Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions.

PPFAS Asset Management has decided to temporarily suspend the transactions in Parag Parikh Flexi Cap Fund with effect from February 02, 2022. While new lumpsum and systematic investment plans (SIPs) will not be accepted from Wednesday, existing SIPs and systematic transfer plans (STPs) will continue.  

While the new fund offer (NFO) of ICICI Prudential Strategic Metal and Energy Equity Fund of Fund has been pre-closed as at the end of January 28, 2022.

On Friday,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2022 | 6:13 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers.

Register to