PGIM India MF informs temporary restriction for subscription to units in certain schemes
PGIM India Asset Management has announced notice cum addendum to The Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of certain schemes of PGIM India Mutual Fund.
PGIM India Mutual Fund has informed about temporary restriction for subscription to units in certain schemes. In terms of clause 12.19 of SEBI Master circular no. SEBI/HO/IMD/IMDPoD-1/P/CIR/2024/90 dated June 27, 2024 (SEBI Master Circular), SEBI had specified an overall industry limit for overseas investment as $7 billion and overseas Exchange Traded Fund (ETF(s)) limit as $1 billion.
Further, SEBI vide its letter no. SEBI/HO/OW/IMD-II/DoF3/P/25095/2022 dated June 17, 2022 has permitted Mutual Funds to accept subscriptions and to invest in overseas funds /securities upto the headroom available without breaching the overseas investment limits as of EOD of February 1, 2022 at Mutual Fund level.
However, in order to avoid breach of the aforesaid overseas limits, following transactions received post the cut off timing of December 10, 2025 shall not be accepted and processed for PGIM India Global Equity Opportunities Fund of Fund, PGIM India Emerging Markets Equity Fund of Fund and PGIM India Global Select Real Estate Securities Fund of Fund (Designated Schemes).
Transactions are Lumpsum subscription in Designated Schemes and Switch-ins to Designated Schemes; Fresh Systematic Registration (including Systematic Investment Plan and Transfer Plan into any of the Designated Schemes); Installments of Systematic Investment / Transfer Plans existing as on December 10, 2025; Switch-out of Income Distribution cum Capital Withdrawal (IDCW) Transfer Plans existing as on December 10, 2025; Intra-Scheme (Regular to Direct and vice versa) switches and Intra-Plan (Growth to IDCW and vice versa) switches; Switch-out, redemptions, registration of fresh Systematic Withdrawal Plan, and instalments of existing Systematic Withdrawal Plan.
This Notice-cum-Addendum forms an integral part of SIDs and KIMs of the Designated Schemes, as amended from time to time. All the other terms and conditions of SIDs and KIMs of the Designated Schemes will remain unchanged.
