Description
BSE has temporarily suspended lumpsum investments, switch-in transactions, and new SIP/STP registrations in Nippon India Taiwan Equity Fund and Nippon India Japan Equity Fund on BSE StAR MF Platform effective April 21, 2026.
Summary
BSE has notified members that Nippon India Mutual Fund has requested temporary suspension of subscription-related transactions in two overseas equity schemes — Nippon India Taiwan Equity Fund and Nippon India Japan Equity Fund — on the BSE StAR MF Platform, effective April 21, 2026. This follows a prior resumption notice (No. 20260318-1) from March 18, 2026.
Key Points
- Lumpsum investments (fresh and additional purchases), switch-in transactions, and new systematic registrations (SIP/XSIP and STP-in) have been disabled for both schemes.
- Applications received after the cut-off time on April 20, 2026 will not be accepted or processed.
- Existing systematic registrations (SIPs/XSIPs and STPs) already registered on BSE StAR MF Platform will continue to be processed at RTA/AMC end.
- Redemption, Switch-out, STP-out, and SWP transactions remain permitted.
- Subscription orders triggered to RTA after 11:00 AM on April 20, 2026 will be rejected and refunded to investors after funds are received from AMC/RTA.
Regulatory Changes
No new regulatory framework introduced. This is an operational change at the request of Nippon India AMC, disabling specific transaction types on the BSE StAR MF platform for the two named schemes.
Compliance Requirements
- Members must not submit or process lumpsum, switch-in, or new SIP/STP registration orders for Nippon India Taiwan Equity Fund and Nippon India Japan Equity Fund on or after April 21, 2026.
- Any subscription orders submitted after 11:00 AM on April 20, 2026 will be rejected; members should inform investors accordingly.
- Existing systematic plans already registered will continue without interruption.
Important Dates
- April 20, 2026, 11:00 AM: Cut-off time after which new subscription/switch-in orders will be rejected.
- April 21, 2026: Effective date of temporary suspension of subscriptions.
Impact Assessment
The suspension affects only two overseas equity funds (Taiwan and Japan focused) and is limited to inflow transactions. Existing investors with active SIPs/XSIPs/STPs are unaffected as these will continue processing at RTA/AMC level. Exit options (redemption, switch-out, STP-out, SWP) remain fully available. The impact is contained to new investors or those seeking to add lumpsum investments in these two schemes during the suspension period.
Impact Justification
Impacts investors in two specific Nippon India overseas equity funds; redemptions and switch-outs remain allowed, limiting broader market disruption.