Nippon India Mutual Fund has announced the suspension of investments in its overseas schemes

New Delhi: Nippon India Mutual Fund has announced the suspension of investments in its overseas schemes.Effective October 18, 2024, Nippon India Mutual Fund has opted to temporarily halt new investments in its international schemes. This suspension affects all investment options, including lump sum contributions, switch-ins, and new registrations for Systematic Investment Plans (SIP) and Systematic Transfer Plans (STP).

The schemes affected by this decision include:

- Nippon India US Equity Opportunities Fund
- Nippon India Japan Equity Fund
- Nippon India Taiwan Equity Fund
- Nippon India ETF Hang Seng BeES

While existing SIPs and STPs will continue to be processed without disruption, intra-scheme switches between plans and options will remain unaffected during this time.

The fund house's decision was made in accordance with SEBI regulations, which limit the total overseas investments for Indian mutual funds. The regulatory cap is set at $7 billion for mutual funds, with individual fund houses allowed to invest up to $1 billion each in foreign markets.

Nippon India Mutual Fund briefly reopened international fund subscriptions on October 15, 2024, but subsequently paused them again to comply with SEBI's established limits.

In a related update, Nippon India Mutual Fund has launched two new schemes: Nippon India CRISIL - IBX AAA Financial Services - Dec 2026 Index Fund and Nippon India CRISIL - IBX AAA Financial Services - Jan 2028 Index Fund.