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Nippon India MF turns off inflow tap for 5 global funds, cites limit

The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under five schemes that invest in international stocks

mutual funds
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On June 22, the asset manager had notified it had resumed inflows into these schemes.

Chirag Madia Mumbai
A month after resuming inflows into its international funds, Nippon India Mutual Fund (MF) has decided to stop fresh investments into its five international schemes since the fund house is close to exhausting its investment limit.

The fund house has suspended lump-sum subscription, switch-ins, and fresh registration of systematic investment plan/systematic transfer plan under the five schemes that invest in international stocks.

On June 22, the asset manager had notified it had resumed inflows into these schemes. The move followed directions issued by the Securities and Exchange Board of India (Sebi) that fund houses with fresh investment legroom can resume

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First Published: Jun 30 2022 | 7:21 PM IST

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