Invesco Mutual Fund has stopped accepting new investments in three of its funds with overseas exposure, effective October 9. The affected schemes include:
- Invesco India – Invesco Global Equity Income Fund of Fund
- Invesco India – Invesco Pan European Equity Fund of Fund
- Invesco India – Invesco Global Consumer Trends Fund of Fund
Separately, Aditya Birla Sun Life Mutual Fund also suspended fresh inflows into its Aditya Birla Sun Life International Equity Fund from October 7. Alongside the suspension, the fund house has revised the minimum application amount for existing investors, although specific thresholds have not been disclosed publicly.
Both suspensions apply only to fresh subscriptions and do not impact existing investors’ SIPs or redemption facilities unless specified otherwise.
Industry experts note that such halts are typically triggered when fund houses approach the overseas investment limits prescribed by the Securities and Exchange Board of India (SEBI).
Similar pauses were seen across the industry in early 2022, when several international schemes hit their allocation cap.
Investors already allocated to these funds should review their diversification strategy and await communication from the respective fund houses on future re-opening timelines.
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