Why PGIM India MF has temporarily restricted subscriptions in 3 international Fund-of-Funds (FoFs)

PGIM India Mutual Fund has informed investors about a temporary restriction on subscriptions to units in certain schemes through a Notice-Cum-Addendum dated December 11, 2025.

The restriction shall apply to lump-sum subscriptions, switch-ins, fresh registrations for Systematic Investment Plan (‘SIP’), Systematic Transfer Plan (‘STP’), IDCW Transfer Plan, instalments of existing SIP/STP, intra-scheme and intra-plan switches, switch-outs, redemptions, and registrations or instalments of Systematic Withdrawal Plan (‘SWP’).

This measure has been taken in accordance with Clause 12.19 of SEBI Master Circular No. SEBI/HO/IMD/IMDPoD-1/P/CIR/2024/90 dated June 27, 2024, which specifies an overall industry limit for overseas investments of USD 7 billion and an overseas Exchange Traded Fund (ETF) limit of USD 1 billion. Further, as per SEBI’s letter no. SEBI/HO/OW/IMD-II/DoF3/P/25095/2022 dated June 17, 2022, mutual funds are permitted to accept subscriptions and invest in overseas funds/securities up to the headroom available without breaching the overseas investment limits as of the end of February 1, 2022, at the mutual fund level.

“However, to avoid breach of the aforesaid overseas limits, transactions received post the cut-off time of December 10, 2025 shall not be accepted or processed for 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 (Designated Schemes),” PGIM India MF said in the Notice-Cum-Addendum.

Investors are advised to take note of this restriction and plan their investments accordingly to avoid inconvenience. This Notice-Cum-Addendum forms an integral part of the Scheme Information Documents (SIDs) and Key Information Memorandums (KIMs) of the Designated Schemes. All other terms and conditions of the SIDs and KIMs remain unchanged