PGIM India Mutual Fund revises STP rules for 3 international schemes

PGIM India Asset Management has issued an addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of PGIM India Mutual Fund.

The move aligns with regulatory guidance issued by the Securities and Exchange Board of India (SEBI) through its letter dated June 17, 2022. SEBI had allowed mutual funds to accept subscriptions and invest in overseas funds or securities up to the available headroom, without exceeding overseas investment limits as of the end of day on February 1, 2022, at the mutual fund level.

In line with this regulatory framework, PGIM India AMC has now expanded STP frequency options for the Designated Schemes. Effective March 1, 2026, investors can opt for Daily, Weekly, and Quarterly STP frequencies in addition to the existing Monthly option.

Further, fresh Systematic Investment Plans (SIPs) across all frequencies, STPs across all frequencies, switch-ins, and lump sum investments will be accepted, subject to a maximum limit of ₹5,00,000 per day, per investor, per scheme, at the primary holder PAN level. Transactions must be received before the applicable cut-off time on any business day.

This Notice-cum-Addendum forms an integral part of the SIDs and KIMs of the Designated Schemes, as well as the SAI of the Mutual Fund. All other terms and conditions remain unchanged.

Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Investors should do their own research or consult a registered financial advisor before making investment decisions.