The seven funds are - Edelweiss ASEAN Equity Off-shore Fund, Edelweiss Greater China Equity Off-shore Fund, Edelweiss US Technology Equity Fund of Fund, Edelweiss Emerging Markets Opportunities Equity Offshore Fund, Edelweiss Europe Dynamic Equity Offshore Fund, Edelweiss US Value Equity Off-shore Fund, and Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund.
Also Read |Parag Parikh Flexi Cap current underperformance not noteworthy; cash at 14-15%, HDFC Bank outlook unchanged: Rajeev Thakkar
Among these seven funds, six are international funds and Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund is a sectoral or thematic fund.
The fund house further said that such suspension shall remain in force until additional headroom becomes available under the applicable overseas investment limit framework, following which the AMC may review and resume such subscriptions at its discretion.
Earlier this week, PGIM India Mutual Fund also announced temporary suspension all existing Systematic Investment Plan (SIPs) and Systematic Transfer Plan (STPs) instalments in its three international funds - 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 with effect from August 7. It became the first fund house to suspend existing SIPs and STPs.
Also Read |Explained: Want to choose the right mutual fund? Check these 10 key ratios
At present Baroda BNP Paribas Aqua Fund of Fund (FoF) is the only fund which allows lumpsum purchases, additional purchases, switch-ins, fresh registrations of Systematic Investment Plans (SIPs) and Systematic Transfer Plans (STPs), and all other eligible transactions.
Baroda BNP Paribas Aqua Fund of Fund (FoF) has resumed acceptance of fresh subscriptions with effect from August 3.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@timesinternet.in alongwith your age, risk profile, and Twitter handle.
(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.
(Catch all the Mutual Fund News, Breaking News, Budget 2024 Events and Latest News Updates on The Economic Times.)
Subscribe to The Economic Times Prime and read the ET ePaper online.