Baroda BNP Paribas AMC announces Removal of subscription limit and Resumption of Fresh SIP/STP registrations
Baroda BNP Paribas Asset Management (AMC) has announced addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of the scheme.
In furtherance to earlier Notice-cum-Addendum no. 48/2022 dated June 27, 2022 restricting lumpsum investments to a certain limit and disallowing fresh SIP/STP registrations in Baroda BNP Paribas Aqua Fund of Fund (the scheme). SEBI had vide letter no. SEBI/HO/OW/IMD-II/DOF3/P/25095/2022 dated June 17, 2022, permitted mutual funds to resume subscriptions and make investments in overseas securities/funds within the headroom available without breaching the overseas investment limits as of end of day (EOD) of February 01, 2022.
Baroda BNP Paribas Mutual Fund has informed that it has decided to make the following changes in the Scheme with effect from May 20, 2026:
1. Removal of limit on Lumpsum subscriptions: The existing limit of ?5,00,000 per day, per investor (at Primary Holder PAN level) for lumpsum investments (including switch-ins) in the Scheme is hereby withdrawn. Investors may now make investments without any such daily monetary ceiling, subject to the overall overseas investment limits available at the AMC level.
2. Resumption of Fresh SIP/STP Registrations: The earlier restriction on fresh registrations of Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs) in the Scheme is hereby removed.
3. Applicability of Overseas Investment Limits: All fresh subscriptions (including lump sum investments, SIPs, STPs, switch-ins, or any other mode) shall be accepted strictly within the overall overseas investment limits available to the AMC. Investments shall be undertaken only to the extent of available headroom, without breaching the overseas investment limits as on February 1, 2022. Accordingly, the actual capacity for new investments shall be restricted to the difference between the overseas investment levels as of February 1, 2022, and the current reduced exposure.
Additionally, fresh subscriptions may be moderated in line with internal risk management practices, including reference to a cap linked to a percentage of average AUM invested in overseas securities/ ETFs over the immediately preceding three calendar months, subject to the maximum limit as of February 1, 2022.
The AMC reserves the right to restrict, suspend or discontinue subscriptions in the Scheme (including SIPs/ STPs), at any time, if the available headroom for overseas investments is fully utilized or is close to being exhausted. A separate notice may be issued in this regard, if required.
All other terms and conditions of the SID and KIM of the Scheme, as amended from time to time, shall remain unchanged.
This Notice-cum-Addendum forms an integral part of the SID and KIM of the Scheme.
