Description

Edelweiss Mutual Fund implements INR 1 lakh per PAN per day subscription limit on designated offshore schemes due to overseas investment headroom nearing threshold.

Summary

Edelweiss Mutual Fund has imposed a subscription limit of INR 1 lakh per PAN per day on seven designated offshore schemes effective August 19, 2025. This restriction applies to lumpsum purchases, switch-ins, SIPs, and STPs due to the AMC’s overseas investment headroom nearing the threshold set by SEBI regulations.

Key Points

  • Subscription limit of INR 1,00,000 per PAN per day implemented across multiple transaction types
  • Restriction applies to 7 designated offshore schemes of Edelweiss Mutual Fund
  • Based on transaction reporting date, not transaction execution date
  • Existing systematic transactions (SIPs/STPs) remain unaffected
  • Transactions reported till August 18, 2025 before cut-off time are exempt

Regulatory Changes

  • Amendment to Scheme Information Document (SID) and Key Information Memorandum (KIM) of affected schemes
  • Implementation follows SEBI letter no. SEBI/HO/OW/IMD-II/DOF3/25095/2022 dated June 17, 2022 regarding overseas investment limits
  • Notice-cum-addendum becomes integral part of scheme documents

Compliance Requirements

  • NSE MF Invest Platform to enforce daily subscription limits
  • All members must adhere to the new investment restrictions
  • Scheme documents updated to reflect new subscription limits
  • Investors must comply with INR 1 lakh daily limit across all affected schemes

Important Dates

  • August 19, 2025: Effective date for subscription restrictions
  • August 18, 2025: Cut-off date for exempt transactions
  • Previous notices: April 09, 2025 and July 28, 2025 (limit increases)

Impact Assessment

Affected Schemes:

  1. Edelweiss ASEAN Equity Off-shore Fund
  2. Edelweiss Greater China Equity Off-shore Fund
  3. Edelweiss US Technology Equity Fund of Fund
  4. Edelweiss Emerging Markets Opportunities Equity Offshore Fund
  5. Edelweiss Europe Dynamic Equity Offshore Fund
  6. Edelweiss US Value Equity Off-shore Fund
  7. Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund

Market Impact: Limited to Edelweiss Mutual Fund investors seeking exposure to international markets. May affect investor strategies for overseas diversification through these specific schemes. Existing SIP investors remain protected from immediate impact.

Impact Justification

Affects specific mutual fund schemes with subscription limits but limited to one AMC