Axis Mutual Fund Freezes New Investments in Select International Schemes

Axis Mutual Fund Temporarily Suspends Fresh Inflows into Select Overseas Schemes

Axis Mutual Fund has taken a decision to temporarily suspend fresh inflows into select overseas schemes, citing regulatory limits on global investments. The move, effective May 6, 2026, applies to the Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund, and Axis Greater China Equity Fund of Fund.

Under the revised rules, the fund house will stop accepting lump sum investments, switch-ins, and fresh registrations for systematic transactions such as Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) in these schemes. Axis AMC said any such requests submitted after 3:00 pm on May 5, 2026 will not be processed.

Importantly, redemptions and switch-outs remain unaffected. Existing SIPs and STPs will continue as scheduled without any disruption.

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The suspension is temporary and will remain in place until further notice. The fund house has not specified a timeline for resuming subscriptions.

The decision follows SEBI's overseas investment framework outlined in its June 2024 master circular. The rules cap the mutual fund industry's total overseas investment at $7 billion, with a separate $1 billion limit for overseas ETFs. Funds can invest abroad only within the headroom available as of February 1, 2022.

The move comes shortly after Kotak Mahindra Mutual Fund capped fresh inflows into four of its overseas schemes at Rs 1 lakh per PAN per month, signalling tighter industry-wide constraints on global exposure.

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