Description
BSE notifies resumption of systematic investment plan (SIP/STP) registrations for three PGIM INDIA overseas Fund of Fund schemes effective May 18, 2026, with a daily subscription cap of ₹2 lakh per investor per scheme.
Summary
BSE has issued Notice No. 20260518-8 informing members that Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) registrations under three PGIM INDIA Mutual Fund overseas Fund of Fund schemes are resuming effective May 18, 2026. This follows the temporary suspension of subscriptions announced via Notice No. 20260309-31 dated March 9, 2026. The resumption comes with a daily subscription cap of ₹2 lakh per investor per scheme.
Key Points
- SIP/STP registrations resume effective May 18, 2026 for three PGIM INDIA overseas Fund of Fund schemes
- Fresh systematic registrations (SIP/XSIP and AMC STP-In) are capped at ₹2 lakh per day, per investor, per scheme (at Primary holder PAN level)
- Cap applies to transactions received before the cut-off time on any business day
- All existing SIP/STP registrations made prior to May 18, 2026 will continue to be processed without any change
- Redemption, Switch-out, and STP-out transactions remain permitted without any amount restriction
- Changes have been implemented on the BSE StAR MF Platform
Regulatory Changes
The temporary suspension of subscriptions in certain PGIM INDIA Mutual Fund schemes (originally imposed on March 9, 2026) is being partially lifted. Fresh systematic registrations are now permitted subject to a ₹2 lakh per day per investor per scheme limit, as per the Notice-cum-Addendum issued by PGIM AMC.
Compliance Requirements
- Exchange members must take note of the ₹2 lakh daily cap when executing fresh SIP/XSIP and AMC STP-In transactions in the affected schemes
- Members must ensure transactions in the three schemes comply with the per-investor, per-scheme daily limit at the Primary holder PAN level
- Members should refer to the attached Notice-cum-Addendum issued by PGIM INDIA Mutual Fund for complete details
Important Dates
- March 9, 2026: Original notice (20260309-31) for temporary suspension of subscriptions issued
- May 18, 2026: Effective date for resumption of SIP/STP registrations with the ₹2 lakh daily cap
Impact Assessment
This circular affects investors and exchange members transacting in the following three PGIM INDIA overseas Fund of Fund schemes on BSE StAR MF Platform:
- PGIM INDIA GLOBAL EQUITY OPPORTUNITIES FUND OF FUND
- PGIM INDIA GLOBAL SELECT REAL ESTATE SECURITIES FUND OF FUND
- PGIM INDIA EMERGING MARKETS EQUITY FUND OF FUND
The impact is moderate — the resumption of SIP/STP registrations is positive for investors seeking systematic exposure to these overseas funds. However, the ₹2 lakh daily cap per investor per scheme may limit high-value systematic investments. Existing registrations are unaffected and will continue normally. Exit transactions (redemptions, switch-outs, STP-outs) remain unrestricted, preserving investor liquidity.
Impact Justification
Operational update affecting retail investors in three PGIM INDIA overseas fund-of-fund schemes; resumption is positive but comes with a ₹2 lakh daily cap restriction, limiting impact to existing and new SIP/STP investors on BSE StAR MF platform.