28 International Fund Schemes Halt Existing SIPs Over RBI Cap
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- Edelweiss Mutual Fund will halt existing SIPs in six international schemes from 12 August, with MD & CEO Radhika Gupta saying the fund had "no choice" given prevailing RBI limits on overseas investments, while PGIM India stops SIPs in three schemes from 8 August.
Why it matters: With only one international fund — Baroda BNP Paribas Aqua FoF — still accepting fresh SIP registrations, Indian investors seeking global diversification through systematic plans are effectively locked out of new overseas flows. The $7 billion industry cap hasn't been raised since early 2022 even as existing AUM has grown, so each new rupee deployed abroad tightens the squeeze.
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