Nippon India Mutual Fund suspends subscription in Hang Seng, 3 other international funds
Nippon India Mutual Fund has announced suspension of subscription in its four international funds through lumpsum, switch-ins and fresh registration of SIPs/STPs or such other special products to avoid breaching overseas investment limits.
The changes will be effective from October 18. The fund house informed about this to its unitholders through a notice cum addendum.
The fund house has suspended subscription from below mentioned schemes:
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-114339654»>- Nippon India US Equity Opportunities Fund
- Nippon India Japan Equity Fund
- Nippon India Taiwan Equity Fund
- Nippon India ETF Hang Seng BeES
“Pursuant to SEBI email dated January 28, 2022 read with AMFI communication dated January 30, 2022 in order to avoid breach of industry-wide overseas investment limits as allowed by RBI, lumpsum subscription, switch-ins and fresh registration of SIP/STP or such other special product were temporarily suspended for certain schemes of Nippon India Mutual Fund which invest in overseas securities,” said the notice.
This move to suspend subscriptions was based on the prevailing headroom for such schemes investing in overseas securities and to avoid breaching the overseas investment limits at the Mutual Fund level.
Artificial Intelligence(AI)
Basics of Generative AI: Unveiling Tomorrow's Innovations
By — Metla Sudha Sekhar, IT Specialist and Developer
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By —
