PGIM India Asset Management has expanded Systematic Transfer Plan (STP) frequency options for three international schemes effective March 1, 2026. According to reports from Upstox News Desk, investors can now opt for Daily, Weekly, Quarterly, and Monthly STP frequencies in addition to the existing Monthly option. The expansion applies to the 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.
This update aligns with SEBI's regulatory guidance issued through its letter dated June 17, 2022. As reported by Upstox News Desk, SEBI had allowed mutual funds to accept subscriptions and invest in overseas funds or securities up to the available headroom, without exceeding overseas investment limits as of the end of day on February 1, 2022, at the mutual fund level. The move follows earlier notices dated February 5, 2026 and June 27, 2023, regarding the reopening of subscriptions in select international schemes.
According to the notice-cum-addendum, fresh Systematic Investment Plans (SIPs) across all frequencies, STPs across all frequencies, switch-ins, and lump sum investments are now accepted. As reported by Upstox News Desk, transactions must be received before the applicable cut-off time on any business day, with a maximum limit of ₹5,00,000 per day, per investor, per scheme at the primary holder PAN level. The notice forms an integral part of the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of the designated schemes.
PGIM India AMC has issued an addendum to the Scheme Information Document (SID), Key Information Memorandum (KIM), and Statement of Additional Information (SAI) of PGIM India Mutual Fund. According to Upstox News Desk, this update follows earlier notices regarding the reopening of subscriptions in select international schemes. All other terms and conditions remain unchanged in the updated documentation.