PGIM India Reopens Three Of Its International Mutual Funds: All You Need To Know

PGIM India Mutual Fund has re-opened fresh subscriptions in three of its international fund-of-fund (FoF) schemes from May 18, 2026. This comes after several rounds of stopping and restarting inflows in recent months as the fund house tries to manage pressure from tightening overseas investment limits.

The schemes that are now open for fresh investments are the PGIM India Global Equity Opportunities FoF, PGIM India Emerging Markets Equity FoF, and PGIM India Global Select Real Estate Securities FoF.

However, investor flows, including through systematic investment plans (SIPs) and systematic transfer plans (STPs), are restricted to Rs 2 lakh per day per investor per scheme at the primary Permanent Account Number (PAN) level. Existing SIPs and STPs will continue as usual without any changes. All other rules and conditions of the schemes will remain unchanged, the fund house added.

This latest reopening is part of a repeated cycle of easing and tightening that has played out over the past few months. In February 2026, PGIM India Mutual Fund had reopened the schemes with a higher daily investment limit of Rs 5 lakh per investor. But by March 10, subscriptions were restricted again as inflows came close to breaching overseas investment limits.

Before that, in December 2025, the fund house had completely suspended fresh subscriptions in all three international schemes due to pressure on global allocation limits.

Indian mutual funds operate under regulatory caps on overseas investments, including limits set by the Reserve Bank of India (RBI). As global allocation quotas at the industry level get nearly exhausted, fund houses are often forced to alternate between reopening and restricting international schemes to remain compliant.

International FoF schemes have attracted strong interest, supported by recent performance in global equities and real estate amid a boom in artificial intelligence (AI)-led investments. However, the inflow limits can restrict flexibility for lump-sum investments.

In terms of scale, the PGIM India Global Equity Opportunities FoF managed assets worth around Rs 1,693 crore as of April 30, 2026. It delivered a one-year return of about 26.10 per cent and a three-month return of 77.30 per cent.

The Emerging Markets Equity FoF had an AUM of around Rs 1,390 crore and posted a one-year return of 55.70 per cent. The Global Select Real Estate Securities FoF was relatively smaller, with an AUM of about Rs 60.55 crore, and delivered a one-year return of 29.79 per cent.