PGIM India is reopening subscriptions for its Global Select Real Estate Securities Fund of Fund from October 8, allowing investors to make fresh lumpsum investments and switch-ins. At the same time, Invesco Mutual Fund has suspended lumpsum investments in three overseas schemes to avoid breaching regulatory limits on overseas mutual fund investments.
- PGIM India allows fresh lumpsum investments and switch-ins from October 8.
- Existing Systematic Investment Plans (SIPs) in PGIM's scheme will continue.
- New SIP and Systematic Transfer Plan (STP) registrations in PGIM's scheme remain suspended.
- Invesco suspends lumpsum purchases and switch-ins in three overseas schemes from September 29.
- Invesco continues to allow SIP, STP, and IDCW Transfer Plan registrations with daily limits.
- Both fund houses act to comply with SEBI's overseas investment limits.
Why is PGIM India reopening subscriptions now?
PGIM India decided to reopen subscriptions to its global real estate fund after several changes since March 2026. The move aligns with the regulatory overseas investment limits that mutual funds must follow. Investors can now make fresh lumpsum investments and switch-ins into the PGIM India Global Select Real Estate Securities Fund of Fund starting October 8. Existing SIPs will continue, but new SIP and STP registrations remain suspended to manage investment limits.
Which investments are allowed and restricted in PGIM's fund?
From October 8, investors can make fresh lumpsum investments and switch-in transactions into the PGIM global real estate fund. Existing SIPs will continue without interruption. However, fresh registrations for SIPs and STPs are suspended, and existing STPs into the scheme are also suspended. This approach helps PGIM manage the fund's overseas investment exposure within regulatory limits.
Why has Invesco suspended lumpsum investments in some overseas schemes?
Invesco Mutual Fund suspended lumpsum purchases and switch-ins in three overseas schemes starting September 29 to avoid breaching the overseas investment limits set by the Securities and Exchange Board of India (SEBI). The affected schemes are the Invesco Global Equity Income Fund of Fund, Invesco Pan European Equity Fund of Fund, and Invesco Global Consumer Trends Fund of Fund. This suspension helps Invesco maintain compliance with SEBI's rules on overseas mutual fund investments.
What investment options remain available in Invesco's overseas schemes?
Despite the suspension of lumpsum investments and switch-ins, Invesco continues to allow redemptions, switch-outs, switches between plans or options, and fresh registrations for Systematic Investment Plans (SIPs), Systematic Transfer Plans (STPs), and Income Distribution cum Capital Withdrawal (IDCW) Transfer Plans. These registrations are subject to a daily limit of ₹10 lakh per day per PAN at the first-holder level. Transactions exceeding this limit will be rejected to ensure compliance with investment caps.
How do these changes affect investors?
Investors in PGIM's global real estate fund can now invest fresh lumpsum amounts and switch into the fund starting October 8, while continuing their existing SIPs. However, they cannot start new SIPs or STPs in this fund currently. Invesco investors cannot make lumpsum investments or switch-ins in the three overseas schemes but can continue SIPs, STPs, and other systematic plans within prescribed limits. These measures help both fund houses manage their overseas investment exposure within SEBI's regulatory framework.
