Looking to invest in international funds? Only one scheme remains open for new investors amid fresh subscription curbs

Indian investors seeking overseas exposure through mutual funds have limited choices, with only one scheme accepting fresh SIPs. Three other international funds have suspended new investments and paused existing SIP instalments. Here's what investors should know.

Indian investors looking to diversify their portfolios through international mutual funds have fewer options again. A fresh suspension by Invesco Mutual Fund has left just one scheme accepting new systematic investment plan (SIP) registrations, while another continues to accept only lump-sum investments.

The latest restrictions also affect investors who already have SIPs running in three Invesco international schemes. From November 4, the fund house has stopped accepting instalments under existing SIPs in its Invesco India Pan European Equity Fund of Fund (FoF), Invesco India Global Equity Income FoF and Invesco India Global Consumer Trends FoF, according to Value Research. The suspension also covers fresh SIP registrations and switch-in transactions.

Which international mutual funds are open for fresh investments?

As of November 4, only two international mutual fund schemes were accepting fresh investments, according to Value Research. However, only one of them was allowing new SIP registrations.

Baroda BNP Paribas Aqua FoF is currently the only scheme accepting both fresh lump-sum investments and new SIP registrations. PGIM India Global Select Real Estate Securities FoF is accepting lump-sum investments but has kept fresh SIP registrations closed.

The three Invesco schemes have stopped accepting fresh investments through lump-sum purchases and SIPs. Their existing SIP instalments have also been paused from November 4.

What happens to existing SIPs in Invesco funds?

Investors who have already registered SIPs in the three Invesco schemes do not need to cancel their mandates immediately.