PGIM India Mutual Fund revises STP rules across three overseas FoF schemes, check details here

PGIM India Asset Management has announced an addendum to the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of select mutual fund schemes. The update relates to earlier notices dated March 09, 2026, May 15, 2026, and June 04, 2026, concerning subscription suspension, reopening, and revision of limits for certain overseas fund of fund schemes.

The changes apply to three designated schemes:

• 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

These schemes had earlier faced temporary suspension of subscriptions due to overseas investment limit constraints and were subsequently reopened with revised limits.

SEBI framework on overseas investment limits

The revision is in line with SEBI guidance issued via letter no. SEBI/HO/OW/IMD-II/DoF3/P/25095/2022 dated June 17, 2022. The regulator has permitted mutual funds to accept subscriptions and invest in overseas securities within available headroom, without breaching overall overseas investment limits applicable at the mutual fund level as of February 01, 2022.

Revised STP subscription rules effective June 11, 2026

With effect from June 11, 2026, the AMC has revised subscription norms for the Designated Schemes. Existing Systematic Transfer Plan (STP) instalments registered as of June 10, 2026, will continue for monthly and quarterly frequencies. However, daily and weekly STP instalments will no longer be accepted after the cut-off time on June 10, 2026.

Other terms remain unchanged

The AMC has clarified that this notice-cum-addendum forms an integral part of the SIDs and KIMs of the respective schemes. All other terms and conditions of the schemes remain unchanged and continue to remain in force.

Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.