PGIM India Mutual Fund caps SIPs, halts new STPs in select global fund schemes

PGIM India Asset Management has issued an addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of certain schemes under PGIM India Mutual Fund.

This follows earlier notices dated March 09, 2026 (temporary suspension of subscriptions) and May 15, 2026 (reopening of subscriptions) for select overseas-focused schemes.

The update has been issued in line with SEBI’s guidance, which allows mutual funds to accept overseas investments only within the available headroom, without breaching the limits set at the industry level as of February 01, 2022.

Funds affected

• PGIM India Global Equity Opportunities Fund of Fund
• PGIM India Emerging Markets Equity Fund of Fund
• PGIM India Global Select Real Estate Securities Fund of Fund

SIPs now capped at ₹50,000 per day

From June 05, 2026, fresh Systematic Investment Plans (SIPs) in these schemes will be restricted.

"New SIP registrations will be accepted only up to ₹50,000 per day per investor per scheme (PAN level), provided the application is received before the cut-off time on a business day," PGIM India Mutual Fund in an addendum.

New STPs into these schemes will not be allowed

Fresh Systematic Transfer Plans (STPs) into any of the above schemes will not be accepted after the cut-off time on June 04, 2026.

Existing investments will continue

PGIM India Mutual Fund has clarified that there is no impact on existing investors. As stated in the addendum, “existing SIP / STP instalments registered as on June 04, 2026 will continue to remain operational and will be processed as per existing instructions.”

What investors should know

This change does not alter the investment strategy or outlook of the schemes. It is primarily a regulatory and operational adjustment linked to overseas investment limits.

The update has been issued in line with SEBI’s guidance, which allows mutual funds to accept overseas investments only within the available headroom, without breaching the limits set at the industry level as of February 01, 2022.