SBI Mutual Fund suspends fresh subscription in its international fund

SBI Mutual Fund Suspends Fresh Subscriptions to International Fund.

Expert Analysis:

• Suspension of Fresh Subscriptions: SBI Mutual Fund suspends fresh subscriptions to the SBI International Access - US Equity FoF.

• Reason for Suspension: The suspension is due to the need to avoid breaching the RBI’s overseas investment limit.

• Affected Subscriptions: Affected subscriptions include lump sum investments, additional purchases, switch-ins, and fresh SIP/STP registrations for IDCW transfers.

• Effective Date: The suspension will be discontinued with effect from December 27, 2024, after the cut-off time on December 26, 2024.

• Existing Systematic Registrations: Existing systematic registrations (SIPs, STPs, IDCW transfers) will continue until further notice.

• Intra-Scheme Switches Unaffected: The suspension does not apply to intra-scheme switches between plans/options within the scheme and will remain in effect until further notice from the AMC.

• Unchanged Terms and Conditions: All other terms and conditions of the scheme remain unchanged. This addendum forms an integral part of the SID and KIM, as amended from time to time.