If you invest in international markets through Axis Mutual Fund, this update is something you shouldn’t ignore. The fund house has decided to temporarily stop new investments in some of its popular global schemes.
This change will come into effect from May 6, 2026. A similar move was earlier seen from Kotak Mahindra Mutual Fund, showing that the overall foreign investment limit for Indian mutual funds is almost fully used.
New Investments Put on Hold
According to an official notice by Axis AMC, investors will no longer be able to invest fresh money in three schemes:
Axis Global Equity Alpha Fund of Fund
Axis Global Innovation Fund of Fund
Axis Greater China Equity Fund of Fund
Lump sum investments have been completely stopped. Along with this, new SIP (Systematic Investment Plan) and STP (Systematic Transfer Plan) registrations are also closed.
Any new application submitted after 3:00 PM on May 5, 2026, will not be accepted.
Existing Investors Get Some Relief
There is some good news for current investors. If you already have ongoing SIPs or STPs in these schemes, they will continue without any changes.
Also, there are no restrictions on withdrawing your money. You can redeem or switch your investments anytime, just like before.
Why This Decision Was Taken
The main reason behind this move is the investment limit set by Securities and Exchange Board of India.
Currently:
Indian mutual funds have a total overseas investment limit of $7 billion
Foreign ETFs have a separate limit of $1 billion
These limits have almost been reached. Because of this, fund houses cannot invest more money in international markets.
Until SEBI increases the limit, restrictions on fresh investments in global mutual fund schemes are likely to continue.
