SEBI in it’s recent circular has allowed mutual funds to resume fresh investments in international mutual fund schemes.
As per the circular, mutual funds can make overseas investments to the extent of headroom available without breaching the investments limits as of February 1, 2022 at the mutual fund level.
At a fund level, SEBI had set a limit $1 billion for mutual funds and $300 million for overseas ETFs.
Edelweiss Mutual Fund
Following this, Edelweiss Mutual Fund will be resuming lumpsum investments, SIP and STP registrations and in the following international schemes from June 21, 2022, onwards;
| Edelweiss ASEAN Equity Offshore Fund | |
| Edelweiss Greater China Equity Offshore Fund | |
| Edelweiss US Technology Equity FOF | |
| Edelweiss Emerging Markets Opportunities Equity Offshore Fund | |
| Edelweiss US Value Equity Offshore Fund | |
| Edelweiss Europe Dynamic Equity Offshore Fund | |
| Edelweiss MSCI India Domestic and World Healthcare 45 Index Fund | |
You can check the announcement from Edelweiss here.
Nippon India Mutual Fund
Nippon India Mutual Fund will be resuming lumpsum investments, SIP and STP registrations in the following schemes from June 22, 2022, onwards;
| Nippon India US Equity Opportunities Fund | |
| Nippon India Japan Equity Fund | |
| Nippon India Taiwan Equity Fund | |
| Nippon India Multi Asset Fund | |
| Nippon India ETF Hang Seng BeES |
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund has resumed fresh lumpsum investments with a limit of Rs. 200,000 per day, per invertor in the following schemes;
| Mirae Asset NYSE FANG+ ETF Fund of Fund | |
| Mirae Asset S&P 500 Top 50 ETF Fund of Fund | |
| Mirae Asset Hang Seng TECH ETF Fund of Fund | |
Note: The existing SIPs that were suspended in the above schemes will remain suspended and no fresh SIPs will be allowed. Also, the creation of new units in Mirae Asset’s international ETFs will continue to remain suspended. While the ETFs continue to trade on exchanges, with no creation of fresh units those can trade at a premium or a discount compared to their fair value (iNAV), this post explains it in detail: Premiums and discounts in international ETFs