Private EquityScreenerRefer

MARKET INSIGHTS

  • EventsNEWPrivate market milestones
  • NewsPrecize daily pulse
  • BlogsIn-depth articles and opinions

GUIDES

Explore Now
  • Unlisted SharesStep-by-step · KYC
  • BuyingStep-by-step · KYC
  • SellingExit in 24 - 48 hours
  • Pre-IPOReturns · risks · case studies
  • Tax GuideBudget 2026 changes
  1. Home
  2. Unlisted share news
  3. SBI Mutual Fund suspends fresh subscription in its international fund

SBI Mutual Fund suspends fresh subscription in its international fund

27 Dec 2024

Add as preferred source
Key Takeaways

SBI Mutual Fund suspends fresh subscriptions to US Equity FoF from December 27 due to RBI's overseas investment limit.

SBI Mutual Fund suspends fresh subscriptions to US Equity FoF from December 27 due to RBI's overseas investment limit.

sbi fund management unlisted shares

SBI Fund Management

DRHP filed0.00%

Expert Analysis

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.

Publisher:msn