{"id":3118,"date":"2022-02-01T16:50:21","date_gmt":"2022-02-01T16:50:21","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=3118"},"modified":"2022-02-08T06:23:44","modified_gmt":"2022-02-08T06:23:44","slug":"temporary-suspension-subscriptions-certain-mutual-fund-schemes","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/temporary-suspension-subscriptions-certain-mutual-fund-schemes\/","title":{"rendered":"Temporary Suspension Of Subscriptions In Certain Mutual Fund Schemes"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">A few mutual funds will be<\/span><b> temporarily suspending transactions <\/b><span style=\"font-weight: 400;\">as advised by SEBI pursuant to email dated January 28, 2022 and AMFI Clarification dated January 30, 2022, in order to avoid breach of industry-wide overseas limits as allowed by RBI and in terms of SEBI Circular no. SEBI\/HO\/IMD\/IMD-II\/DOF3\/P\/CIR\/2021\/571 (view the circular <\/span><a href=\"https:\/\/www.sebi.gov.in\/legal\/circulars\/jun-2021\/circular-on-enhancement-of-overseas-investment-limits_50415.html\"><span style=\"font-weight: 400;\">here<\/span><\/a><span style=\"font-weight: 400;\">) dated June 03, 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But rest assured, this suspension is temporary and will continue only till further increase of limit by Regulators in this matter.<\/span><\/p>\n<h3><b>Temporary Suspension of New SIP, New Lumpsum Transactions and Existing SIPs\u00a0<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The following mutual fund and their scheme will be temporarily suspending New SIP, Lumpsum and existing SIPs with effect from February 02, 2022:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The above mentioned transactions for the following schemes will not be accepted and processed if received post the cut off timing of February 01, 2022.<\/span><\/p>\n<h4><b>1. Mirae Asset Mutual Fund<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mirae Asset NYSE FANG+ ETF Fund of Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mirae Asset Hang Seng TECH ETF Fund of Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mirae Asset S &amp; P 500 Top 50 ETF Fund of Fund<\/span><\/li>\n<\/ul>\n<h4><strong>2. IDFC Mutual Fund<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">IDFC US Equity Fund of Fund<\/span><\/p>\n<h3><b>Temporary Suspension of New SIP, New Lumpsum Transactions WHILST\u00a0 Existing SIPs Will Continue<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The following Mutual Funds will be temporarily suspending new SIP, new lumpsum transactions whilst existing SIPs Will Continue with effect from February 02, 2022:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The above mentioned transactions for the following schemes will not be accepted and processed if received post the cut off timing of February 01, 2022.<\/span><\/p>\n<h4><strong>1. PPFAS Mutual Fund<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">Parag Parikh Flexi Cap Fund\u00a0<\/span><\/p>\n<h4><strong>2. Nippon India Mutual Fund<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nippon India US Equity Opportunities Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nippon India Japan Equity Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nippon India Taiwan Equity Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nippon India Multi Asset Fund<\/span><\/li>\n<\/ul>\n<h4><strong>3. Edelweiss Mutual Fund<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss ASEAN Equity Off-shore Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss Greater China Equity Off-shore Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss US Technology Equity Fund of Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss Emerging Markets Opportunities Equity Offshore Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss Europe Dynamic Equity Offshore Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss US Value Equity Off-shore Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Edelweiss MSCI India Domestic &amp; World Healthcare 45 Index Fund<\/span><\/li>\n<\/ul>\n<h4><b>4. DSP Mutual Fund<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP US Flexible Equity Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP Global Allocation Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP World Gold Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP World Mining Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP World Agriculture Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">DSP World Energy Fund<\/span><\/li>\n<\/ul>\n<h4><strong>5. HDFC Mutual Fund<\/strong><\/h4>\n<p><span style=\"font-weight: 400;\">HDFC Developed World Indexes Fund of Funds<\/span><\/p>\n<h4><strong>6. PGIM Mutual Fund<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PGIM India Global Equity Opportunities Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PGIM India Emerging Markets Equity Fund\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">PGIM India Global Select Real Estate Securities Fund of Fund (Designated Schemes)<\/span><\/li>\n<\/ul>\n<h4><strong>7. ICICI Prudential Asset Management Company<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICICI Prudential US Bluechip Equity Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICICI Prudential Global Stable Equity Fund (FOF)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICICI Prudential Global Advantage Fund (FOF)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">ICICI Prudential Nasdaq 100 Index Fund<\/span><\/li>\n<\/ul>\n<h4><strong>8. Motilal Oswal Mutual Fund<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Motilal Oswal S&amp;P 500 Index Fund,<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Motilal Oswal MSCI EAFE Top 100 Select Index Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Motilal Oswal Nasdaq 100 Fund of Fund<\/span><\/li>\n<\/ul>\n<h4><strong>9. Invesco Mutual Fund<\/strong><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invesco India &#8211; Invesco Global Equity Income Fund of Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invesco India &#8211; Invesco Pan European Equity Fund of Fund<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Invesco India &#8211; Invesco Global Consumer Trends Fund of Fund<\/span><\/span><\/li>\n<\/ul>\n<h4><strong>10. SBI Mutual Fund<\/strong><\/h4>\n<ul>\n<li>SBI International Access- US Equity FoF<\/li>\n<\/ul>\n<h4><strong>11. Axis Mutual Fund<\/strong><\/h4>\n<ul>\n<li>Axis Global Equity Alpha Fund of Fund<\/li>\n<li>Axis Global Innovation Fund of Fund<\/li>\n<li>Axis Greater China Equity Fund of Fund<\/li>\n<\/ul>\n<h4><strong>12. Kotak Mutual Fund<\/strong><\/h4>\n<ul>\n<li>Kotak Global Emerging Market Fund<\/li>\n<li>Kotak Global Innovation Fund of Fund<\/li>\n<li>Kotak International REIT FOF<\/li>\n<\/ul>\n<h4><strong>13. Sundaram Mutual Fund<\/strong><\/h4>\n<ul>\n<li>Sundaram Global Brand<\/li>\n<\/ul>\n<h4><strong>14. Aditya Birla Mutual Fund<\/strong><\/h4>\n<ul>\n<li>Aditya Birla Sun Life Global Emerging Opportunities Fund<\/li>\n<li>Aditya Birla Sun Life International Equity-Plan-A<\/li>\n<li>Aditya Birla Sun Life International Equity-Plan-B<\/li>\n<li>Aditya Birla Sun Life CEF &#8211; Global Agri Plan<\/li>\n<li>Aditya Birla Sun Life Global Excellence Equity Fund of Fund<\/li>\n<\/ul>\n<h4><strong>15. BNP Paribas Mutual Fund<\/strong><\/h4>\n<ul>\n<li>BNP Paribas Funds AQUA FOF Direct Growth<\/li>\n<\/ul>\n<h4><strong>16. HSBC Mutual Fund<\/strong><\/h4>\n<ul>\n<li>HSBC Asia Pacific Dividend Yield Fund<\/li>\n<li>HSBC Global Consumer Opportunities Fund<\/li>\n<li>HSBC Global Emerging Markets Fund<\/li>\n<li>HSBC Global Equity Climate Change Fund of Fund<\/li>\n<li>HSBC Brazil Fund \u2013 Growth<\/li>\n<\/ul>\n<h4><strong>17. Mahindra Mutual Fund<\/strong><\/h4>\n<ul>\n<li>Mahindra Manulife Asia Pacific REITs FOF<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">For the transactions, initiated post the cut-off time on 1st Feb 2022, those are likely to get rejected by the respective AMCs and post rejection customers would receive the refunds directly in their bank account from AMC. For any refund related queries, customers are advised to contact AMC directly, as <a href=\"https:\/\/www.paytmmoney.com\/\">Paytm Money<\/a> does not receive refund related information from the AMC\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the existing SIPs, to highlight again, that SIPs once deleted could not be restored again hence, customers are advised to do that at their discretion. Also, modifying the SIP could lead to deletion of the SIP by AMC and Paytm Money would not be able to restore back the SIP.\u00a0<\/span><\/p>\n<p><em><span style=\"font-weight: 400;\">Disclaimer &#8211; <\/span><span style=\"font-weight: 400;\">Mutual Fund investments are subject to market risks, read all scheme related documents carefully. <\/span><span style=\"font-weight: 400;\">This information is purely based on publicly available data and the content is for informational purpose only.<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A few mutual funds will be temporarily suspending transactions as advised by SEBI pursuant to email dated January 28, 2022 and AMFI Clarification dated January 30, 2022, in order to avoid breach of industry-wide overseas limits as allowed by RBI and in terms of SEBI Circular no. SEBI\/HO\/IMD\/IMD-II\/DOF3\/P\/CIR\/2021\/571 (view the circular here) dated June 03,<a href=\"https:\/\/www.paytmmoney.com\/blog\/temporary-suspension-subscriptions-certain-mutual-fund-schemes\/\">Continue reading <span class=\"sr-only\">&#8220;Temporary Suspension Of Subscriptions In Certain Mutual Fund Schemes&#8221;<\/span><\/a><\/p>\n","protected":false},"author":21,"featured_media":3119,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-ns.php","format":"standard","meta":{"footnotes":""},"categories":[8,11,6],"tags":[],"class_list":["post-3118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","category-home","category-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=3118"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/3118\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/3119"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=3118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=3118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=3118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}