Resumption of subscription in international schemes of Nippon India Mutual Fund

Nippon India Mutual Fund has announced resumption of subscription in its international funds, with effect from October 15, 2024. Investors can now invest in the following schemes through lumpsum, switch-ins, and new SIP (Systematic Investment Plan) or STP (Systematic Transfer Plan) registrations:

• Nippon India ETF Hang Seng BeES
• Nippon India Japan Equity Fund
• Nippon India Taiwan Equity Fund
• Nippon India US Equity Opportunities Fund

New investments in these schemes were first suspended temporarily on February 02, 2022, due to overseas investment limits prescribed for mutual fund industry. However, when SEBI later allowed mutual funds to resume investments if there is a headroom available up to its overseas investment limit as of February 1, 2022, the AMC had removed gates to make use of the available limit time and again.

Lifting the last such temporary halt put on fresh inflows in February this year, these funds are now open to make use of the available headroom.