MFs realign international offerings after Sebi diktat on subscriptions

On Friday, market regulator had, through Amfi advised stopping of subscriptions in such schemes to avoid breach of overall cap of $7 bn for investment in overseas securities

Mutual fund (MF) houses have started realigning their overseas product offerings after the Securities and Exchange Board of India (Sebi) advised them to stop subscriptions.

PPFAS Asset Management has decided to temporarily suspend the transactions in Parag Parikh Flexi Cap Fund with effect from February 02, 2022. While new lumpsum and systematic investment plans (SIPs) will not be accepted from Wednesday, existing SIPs and systematic transfer plans (STPs) will continue.  

While the new fund offer (NFO) of ICICI Prudential Strategic Metal and Energy Equity Fund of Fund has been pre-closed as at the end of January 28, 2022.

On Friday,