JM Financial Mutual Fund, Aditya Birla suspend fresh subscriptions in 36 IDCW options

Investors looking to put fresh money into certain IDCW options of mutual fund schemes will no longer be able to do so from August 12, 2026.

The move affects new investments and registrations, while existing SIP and STP instalments registered before the effective date will continue to be processed, subject to the respective scheme rules.

Why have the AMCs stopped fresh investments?

The move follows regulatory directions from SEBI. Aditya Birla Sun Life Mutual Fund said its action is in accordance with a SEBI letter dated May 13, 2026. The restriction specifically targets the IDCW options of the affected schemes and does not mean the schemes themselves are being shut down. Existing SIPs and STPs registered before the effective date will continue to be processed.

JM Financial Mutual Fund: Fresh investments stopped in 3 schemes

• JM Aggressive Hybrid Fund

• JM Arbitrage Fund

• JM Large Cap Fund

The restriction covers both Direct and Regular plans, as well as the Annual, Half-Yearly, Monthly, and Quarterly IDCW options.

Fresh investments through lump-sum mode, switches, new SIP registrations, new STP registrations and special products or facilities will not be accepted in these options from August 12.

However, investors who had already registered SIPs, STPs or other systematic transactions before August 12 will continue to have their existing instalments processed, subject to the conditions mentioned in the respective scheme documents.

Aditya Birla Sun Life Mutual Fund: 33 schemes affected

The affected schemes are:

• Aditya Birla Sun Life Nifty Next 50 Index Fund

• Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund

• Aditya Birla Sun Life BSE India Infrastructure Index Fund

• Aditya Birla Sun Life Nifty India Defence Index Fund

• Aditya Birla Sun Life Nifty Small Cap 50 Index Fund

• Aditya Birla Sun Life Nifty 50 Index Fund

• Aditya Birla Sun Life Nifty Midcap 150 Index Fund

• Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund

• Aditya Birla Sun Life BSE 500 Quality 50 Index Fund

• Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund

• Aditya Birla Sun Life Nifty SDL Sep 2027 Index Fund

• Aditya Birla Sun Life Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Fund

• Aditya Birla Sun Life CRISIL-IBX AAA Financial Services Index - Sep 2027 Fund

• Aditya Birla Sun Life CRISIL IBX Gilt April 2033 Index Fund

• Aditya Birla Sun Life CRISIL-IBX AAA NBFC-HFC Index - Sep 2026 Fund

• Aditya Birla Sun Life CRISIL IBX 60:40 SDL + AAA PSU - Apr 2027 Index Fund

• Aditya Birla Sun Life CRISIL IBX Gilt June 2027 Index Fund

• Aditya Birla Sun Life CRISIL IBX Gilt Apr 2028 Index Fund

• Aditya Birla Sun Life CRISIL IBX SDL Jun 2032 Index Fund

• Aditya Birla Sun Life CRISIL IBX 50:50 Gilt Plus SDL Apr 2028 Index Fund

• Aditya Birla Sun Life Gold Fund

• Aditya Birla Sun Life Silver ETF Fund of Fund

• Aditya Birla Sun Life Aggressive Hybrid Omni FOF

• Aditya Birla Sun Life Conservative Hybrid Active FOF

• Aditya Birla Sun Life Dynamic Asset Allocation Omni FOF

• Aditya Birla Sun Life Global Emerging Opportunities Fund

• Aditya Birla Sun Life Global Excellence Equity FOF

• Aditya Birla Sun Life Income Plus Arbitrage Active FOF

• Aditya Birla Sun Life Multi-Asset Passive FOF

• Aditya Birla Sun Life Multi-Asset Omni FOF

• Aditya Birla Sun Life US Equity Passive FOF

• Aditya Birla Sun Life US Treasury 1-3 Year Bond ETFs Passive FOF

• Aditya Birla Sun Life US Treasury 3-10 Year Bonds ETFs Passive FOF

The suspension applies specifically to the IDCW Option of these schemes. Existing SIP/STP instalments registered before August 12, 2026 will continue to be processed, subject to the applicable scheme conditions.

What happens to existing SIPs and STPs?

For existing investors, the important point is that the suspension is primarily about fresh subscriptions and new registrations.

Aditya Birla Sun Life Mutual Fund has said SIP and STP instalments falling due under registrations made before August 12, 2026 will continue to be processed under the respective scheme options.

JM Financial Mutual Fund has similarly said existing SIP, STP and other systematic transactions registered before the effective date will continue to be processed, subject to the applicable scheme conditions.

So, an investor who already has an active SIP in one of the affected IDCW options does not automatically need to stop it because of this announcement.

Why this matters for investors

The changes mean that investors cannot start a new SIP, make a fresh lump-sum investment or switch into the specified IDCW options covered by the respective announcements from the effective date.