New Delhi, Sept. 5 -- Baroda BNP Paribas Aqua has reopened for fresh investments from 1 September, making it the only one among 60 overseas equity funds currently accepting new investors. The reopening gives investors a rare opportunity to access an international equity strategy through an Indian mutual fund, even as most peers remain closed to fresh subscriptions.

The distinction between a fund being closed to new investors and closed to new money is important. Of the 59 overseas equity funds that remain shut to new investors, 34 continue to accept instalments from SIPs and STPs that were registered before subscriptions were stopped. The remaining 25 have stopped even these instalments.

The situation stems from regulatory limits on ove...