NSE has communicated that, as per Axis Mutual Fund’s directive, three international Fund of Fund schemes have been restricted for fresh subscriptions on the NSE MF Invest Platform. Effective post 3:00 PM on May 13, 2026, lumpsum purchases (fresh and additional), switch-ins, and fresh SIP/STP registrations are disabled. All already-registered systematic transactions will be paused and will not be processed until further notice. This circular is a follow-up to an earlier addendum from Axis Mutual Fund dated May 5, 2026.

Key Points

• Lumpsum purchases (fresh/additional) and switch-ins are disabled post 3:00 PM on May 13, 2026
• Fresh SIP and STP registrations are not accepted after the effective date/time
• Existing (already registered) SIP/STP transactions will be temporarily paused and not triggered until further notice
• Any SIP instalments deducted after the effective date will be refunded within applicable regulatory timelines
• Redemptions, Systematic Withdrawal Plans (SWP), switch-outs, and STP-outs are NOT restricted
• Circular Ref No: NSE/NMFTM/74186 | 1367/2026

Regulatory Changes

Axis Asset Management Company Limited (CIN: U65991MH2009PLC189558) has issued a Notice-cum-Addendum modifying the Scheme Information Document (SID) and Key Information Memorandum (KIM) for the affected schemes. This is a modification to a prior addendum dated May 5, 2026, and temporarily halts all inflow transactions into the specified schemes.

Compliance Requirements

• NSE members must ensure no lumpsum, switch-in, or fresh SIP/STP transactions are processed for the three affected schemes after 3:00 PM on May 13, 2026
• Any SIP deductions made post the effective date must be refunded within applicable timelines
• Members should inform clients of the suspension and the continued availability of redemption and exit options

Important Dates

• May 5, 2026: Original addendum issued by Axis Mutual Fund announcing temporary suspension
• May 13, 2026, 3:00 PM: Effective date and time for suspension of fresh subscriptions and new SIP/STP registrations
• May 13, 2026 (post business hours): Existing SIP/STP transactions paused on NSE MF Invest Platform
• Further resumption date: To be announced

Impact Assessment

The suspension affects investors in three international-focused Axis Mutual Fund schemes:

1. Axis Global Equity Alpha Fund of Fund
2. Axis Global Innovation Fund of Fund
3. Axis Greater China Equity Fund of Fund

Investors wishing to make fresh investments or set up new systematic investment plans in these schemes will be unable to do so until further notice. Current investors with active SIPs will see their instalments paused; any amounts already deducted post the effective date will be refunded. Exit routes (redemptions, SWP, switch-outs, STP-outs) remain fully operational, so liquidity for existing investors is unaffected. The suspension is likely related to regulatory or fund management constraints on overseas investment limits for international funds.