PGIM India Mutual Fund Amends Subscription Restrictions for Overseas Fund Schemes Effective June 5
PGIM India Mutual Fund Imposes Restrictive Subscription Rules on Three Overseas Funds
PGIM India Mutual Fund has introduced revised subscription limits for its three overseas fund schemes, effective from June 5, 2026. The changes will cap fresh systematic investment plan (SIP) registrations at ₹50,000 per day per investor per scheme and discontinue fresh systematic transfer plan (STP) registrations into these schemes from the same date.
The revised rules apply to PGIM India Global Equity Opportunities Fund of Fund, PGIM India Emerging Markets Equity Fund of Fund, and PGIM India Global Select Real Estate Securities Fund of Fund. As per a notice-cum-addendum issued by the fund house on Thursday, fresh SIP registrations in these schemes will be accepted only up to a maximum of ₹50,000 per day per investor at the primary holder PAN level, provided the applications are received before the applicable cut-off time on a business day.
The asset management company (AMC) has decided to discontinue fresh STP registrations into any of the three schemes after the cut-off time on June 4, 2026. However, existing SIP and STP instalments registered on or before June 4, 2026, will continue without any change.
Read also: 360 ONE Mutual Fund Introduces DynaSIF Equity Ex-Top 100 Long-Short Fund
The decision has been taken in light of the overseas investment framework permitted by the Securities and Exchange Board of India (SEBI). Under a June 17, 2022 communication, SEBI allowed mutual funds to accept subscriptions and invest in overseas securities or funds only to the extent of the available headroom without breaching industry-wide overseas investment limits as of February 1, 2022.
This latest revision follows PGIM India's earlier actions on the schemes. The fund house had temporarily suspended subscriptions in the three overseas funds in March 2026 and later reopened subscriptions in May 2026 with restrictions.
| Fund Scheme | Revised SIP Limit (₹) | Effective Date |
|---|---|---|
| PGIM India Global Equity Opportunities Fund of Fund | 50,000 | June 5, 2026 |
| PGIM India Emerging Markets Equity Fund of Fund | 50,000 | June 5, 2026 |
| PGIM India Global Select Real Estate Securities Fund of Fund | 50,000 | June 5, 2026 |
The revised limits will come into effect from June 5, 2026. All other terms and conditions of the schemes' Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) remain unchanged, the fund house said.
Read also: Mutual Funds Boost Exposure to REITs and InvITs Amid Growing Investment Opportunity
Investor Takeaway
Investors should be aware of the revised subscription limits for PGIM India Mutual Fund's overseas fund schemes.
More in General
360 ONE Mutual Fund Introduces DynaSIF Equity Ex-Top 100 Long-Short Fund
Mutual Funds Boost Exposure to REITs and InvITs Amid Growing Investment Opportunity
Small-Cap Mutual Funds Deliver Strong Returns, Yielding Up to 14% Year-to-Date
