Invesco Asset Management (India) (AMC) announces temporary suspension of subscription in certain Schemes
Invesco Mutual Fund has informed that SEBI vide it’s letter dated June 17, 2022 had permitted AMCs to make investments in overseas funds / securities upto the headroom available without breaching the overseas investments limits as of February 1, 2022 at the Fund level.
In line with the above requirements and in order to avoid potential breach of limits, it has now been decided to temporarily suspend subscription through lumpsum purchases, switch-ins and fresh registration for Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’) and IDCW Transfer Plan in Invesco India - Invesco Global Equity Income Fund of Fund, Invesco India - Invesco Pan European Equity Fund of Fund and Invesco India - Invesco Global Consumer Trends Fund of Fund (‘Designated Schemes’) with effect from close of business hours on May 11, 2026.
Restriction on registration of STP and IDCW Transfer Plan is applicable only where Designated Scheme(s) is a Target Scheme.
The suspension as mentioned above will also be applicable to instalments of existing SIP, STP and IDCW Transfer Plan already registered in the Designated Schemes as on May 11, 2026. It has clarified that while the existing SIPs / STPs / IDCW Transfer Plan will be suspended temporarily, however those SIPs / STPs / IDCW Transfer Plan, would remain active in the system and shall be reactivated once the fresh subscription is resumed.
The AMC has informed that the aforesaid temporary suspension is not applicable to switch-out, redemptions, switch between Plans /Options of the Schemes, registration of fresh Systematic Withdrawal Plan (‘SWP’) and processing instalments of SWP already registered. The aforesaid suspension is temporary in nature and will continue till the notice to resume fresh subscription through lumpsum purchases, switch-ins and fresh registration for SIPs / STPs / IDCW Transfer Plans is issued.
