PGIM India Mutual Fund restricts subscription in its 3 international funds

PGIM India Mutual Fund has announced the temporary restrictions for subscription to units in its three international funds - 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 with effect from March 10.

According to a notice cum addendum issued by the fund house, this move comes in order to avoid breach of the aforesaid overseas limits, following transactions received post the cut off timing of March 09, 2026 shall not be accepted and processed in these three international funds.

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The fund house on installments of Systematic Investment / Transfer Plans existing as on March 09, 2026 said that existing SIP / STP installments will continue. There will be no trigger of any switch-out transactions or IDCW transfer out instalments be accepted post the cut off timing of March 09, 2026. However, units may be allotted where the switch out transaction or the systematic/IDCW transfer out leg was processed before the cut off timing of March 09, 2026.

There will be no impact on intra-Scheme (Regular to Direct and vice versa) switches and Intra-Plan (Growth to IDCW and vice versa) switches and additionally there will be no impact on switch-out, redemptions, registration of fresh Systematic Withdrawal Plan, and instalments of existing Systematic Withdrawal Plan (where one of the Designated Schemes is the source scheme).

On February 5,2026 the fund house announced reopening of subscription in these three international funds with effect from February 6 with maximum of Rs 5 lakh per day.

On December 10, 2025 the fund house informed regarding temporary suspension of subscriptions in 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 in order to avoid breaching the limit.

Also Read | PGIM India Mutual Fund resumes subscription in its 3 international funds

SEBI vide its letter no. SEBI/HO/OW/IMD-II/DoF3/P/25095/2022 dated June 17, 2022 has permitted Mutual Funds to accept subscriptions and to invest in overseas funds /securities upto the headroom available without breaching the overseas investment limits as of EOD of February 1, 2022 at Mutual Fund level.

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