28 global mutual fund schemes pause SIPs due to overseas investment caps
Data from Value Research indicates that 28 international mutual fund schemes have suspended ongoing SIP payments as a result of India's restrictions on foreign investments. PGIM India has halted SIPs across three of its global schemes, and Edelweiss is set to discontinue SIPs for six of its offerings. Previously, 19 other schemes managed by firms including HDFC Mutual Fund, Axis Mutual Fund, Motilal Oswal, and Invesco had already ceased accepting SIP contributions.
by shortkt.com✓