Edelweiss Mutual Fund limits subscription in 7 funds

Edelweiss Mutual Fund has announced a subscription limit of Rs 1 lakh per PAN per day for lumpsum, switch-in, Systematic Investment Plan (SIP), Systematic Transfer Plan (STP), and other transactions across its seven funds. These funds include six international funds and one index fund.

The above-mentioned changes will be effective from February 27. The fund house informed its unitholders about these changes through a notice cum addendum.

These seven funds include the Edelweiss ASEAN Equity Offshore Fund, Edelweiss Greater China Equity Offshore Fund, Edelweiss US Technology Equity Fund of Funds, Edelweiss Emerging Markets Opportunities Equity Offshore Fund, Edelweiss Europe Dynamic Equity Offshore Fund, Edelweiss US Value Equity Offshore Fund, and Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund.


According to the fund house, this move is a result of these schemes approaching the overseas investment limit set at the mutual fund level on February 1, 2022.

This restriction will be applicable based on the transaction reporting date. Further, transactions reported till February 25, 2025 before cut-off time including switches where switch-in scheme is any of the below will not be considered for such limit restriction. The existing systematic transactions viz. SIPs/ STPs etc. will remain unaffected.

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Pursuant to the above, necessary changes will be carried out in the relevant sections of the SID/KIM of the designated schemes as mentioned above of the Mutual Fund. This notice-cum-addendum shall form an integral part of the SID / KIM / SAI of the schemes as amended from time to time and shall override the conflicting provisions, if any, in this regard.

All the other provisions of the SID / KIM / SAI of the Schemes except as specifically modified herein above will remain unchanged.

The notice-cum-addendum further states that investors, via the notice-cum-addendum dated April 1, 2023, were informed about the reopening of subscriptions in certain schemes of Edelweiss Mutual Fund, pursuant to SEBI letter SEBI/HO/OW/IMD-II/DOF3/25095/2022 dated June 17, 2022. This letter clarified that mutual funds could resume subscriptions and make investments in overseas funds/securities up to the available headroom, without breaching the overseas investment limits set on February 1, 2022, at the mutual fund level.

Among these seven funds, the Edelweiss US Technology Equity Fund of Funds is the largest, with an AUM of Rs 2,973 crore, followed by the Edelweiss Greater China Equity Offshore Fund, with an AUM of Rs 1,670 crore.

The Edelweiss ASEAN Equity Offshore Fund and the Edelweiss Europe Dynamic Equity Offshore Fund had AUMs of Rs 97.02 crore and Rs 78.29 crore, respectively.