Baroda BNP Paribas Mutual Fund removes subscription limit and resumes fresh SIP/STP in its Aqua FoF

Baroda BNP Paribas Mutual Fund announced the removal of the limit on lumpsum subscription and resumption of fresh SIP/STP registrations in its international fund - Baroda BNP Paribas Aqua Fund of Fund with effect from May 20.

According to a notice-cum-addendum, the fund house said that the existing limit of Rs 5 lakh per day, per investor (at Primary Holder PAN level) for lumpsum investments (including switch-ins) in the scheme is hereby withdrawn. Investors may now make investments without any such daily monetary ceiling, subject to the overall overseas investment limits available at the AMC level.

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It further said that the earlier restriction on fresh registrations of Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) in the scheme is hereby removed. All fresh subscriptions (including lumpsum investments, SIPs, STPs, switch-ins, or any other mode) shall be accepted strictly within the overall overseas investment limits available to the AMC.

Investments shall be undertaken only to the extent of available headroom, without breaching the overseas investment limits as on February 1, 2022. Accordingly, the actual capacity for new investments shall be restricted to the difference between the overseas investment levels as of February 1, 2022, and the current reduced exposure, the fund house further said.

Additionally, fresh subscriptions may be moderated in line with internal risk management practices, including reference to a cap linked to a percentage of average AUM invested in overseas securities/ETFs over the immediately preceding three calendar months, subject to the maximum limit as of February 1, 2022.

The AMC reserves the right to restrict, suspend or discontinue subscriptions in the Scheme (including SIPs/STPs), at any time, if the available headroom for overseas investments is fully utilised or is close to being exhausted. A separate notice may be issued in this regard, if required.

All other terms and conditions of the SID and KIM of the scheme, as amended from time to time, shall remain unchanged. This notice-cum-addendum forms an integral part of the SID and KIM of the scheme.

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The fund house further mentioned that through a notice-cum-addendum on June 27, 2022, the investors were informed about restricting lumpsum investments to a certain limit and disallowing fresh SIP/STP registrations in Baroda BNP Paribas Aqua Fund of Fund.

Launched on May 7, 2021, the fund had an AUM of Rs 36.71 crore as of April 2026 and delivered 15.50% returns in the last year. In the last three years, the fund generated returns of 12.33%, and since its inception, the fund has offered a CAGR of 8.39%.

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