Only one international mutual fund remains open for fresh SIPs after 11 schemes shut doors
New Delhi, July 12 -- Investors looking to start a fresh SIP in an international mutual fund have just one option left after three fund houses suspended new registrations in a total of 11 overseas schemes this week due to regulatory investment limits.
PGIM India Mutual Fund suspended fresh subscriptions in three international fund of funds from 9 July, while Franklin Templeton stopped fresh SIP registrations in two overseas schemes on the same day. Edelweiss Mutual Fund followed by halting fresh SIPs and STPs in six international funds from the close of business on 10 July.
As things stand, Baroda BNP Paribas Aqua Fund of Fund is the only international mutual fund that continues to accept fresh SIPs as well as lump sum investments, alth...
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