{"id":30567,"date":"2024-10-03T20:47:48","date_gmt":"2024-10-03T15:17:48","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=30567"},"modified":"2024-10-03T20:48:08","modified_gmt":"2024-10-03T15:18:08","slug":"temporary-restrictions-on-dsp-mutual-fund-schemes","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/temporary-restrictions-on-dsp-mutual-fund-schemes\/30567","title":{"rendered":"Temporary Restrictions on DSP Mutual Fund Schemes"},"content":{"rendered":"\n<p>Note for Investors<\/p>\n\n\n\n<p>As per directives from SEBI (email dated March 19, 2024) and AMFI (email dated March 20, 2024), Asset Management Companies (AMCs) are required to temporarily restrict subscriptions in schemes investing in overseas Exchange Traded Funds (ETFs), effective <strong>April 01, 2024<\/strong>. This is to ensure that industry-wide limits set by the Reserve Bank of India (RBI) are not breached, as per SEBI&#8217;s Master Circular clause 12.19.<\/p>\n\n\n\n<p>To avoid breaching the DSP Mutual Fund-level limits, temporary restrictions on subscription to the following schemes will apply:<\/p>\n\n\n\n<p><strong>Important Note<\/strong>: Purchase\/Switch-in transactions reported after <strong>3 pm on October 1, 2024<\/strong> (after the cut-off time) <strong>will NOT be accepted<\/strong>.Click the link for the list of affected schemes: <a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/Restricted+Scheme+List+-+DSPAMC-3-10-24.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Affected Schemes<\/a><\/p>\n\n\n\n<figure class=\"wp-block-table\">\n  <table style=\"width: 100%; border-collapse: collapse; border: 1px solid #000;\">\n    <tbody>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; font-weight: bold;\">Particulars<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px; font-weight: bold;\">Effective Date<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Temporary restrictions on subscription to units of certain schemes of DSP Mutual Fund<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">October 01, 2024<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/figure>\n\n\n\n\n<p><strong>Impact Summary:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table\">\n  <table style=\"width: 100%; border-collapse: collapse; border: 1px solid #000;\">\n    <tbody>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px; font-weight: bold;\">Sr. No.<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px; font-weight: bold;\">Particulars<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px; font-weight: bold;\">Impact<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">1<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Lumpsum &#8211; Subscription \/ Switch-in<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Not accepted effective from Oct 01, 2024 (post cut-off time)<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">2<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Fresh SIP\/STP-in registration (including systematic transfer plan\/Transfer of IDCW Plan) into specified schemes<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Not accepted effective from Oct 01, 2024 (post cut-off time)<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">3<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Existing SIP\/STP-in (including Transfer of IDCW Plan) as on October 01, 2024 (before cut-off time)<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">No impact. Existing instalments will be processed.<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">4<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Intra-scheme switches between Plan(s) and Option(s) in the same scheme<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">No impact. Switches within the Scheme will be processed.<\/td>\n      <\/tr>\n      <tr>\n        <td style=\"border: 1px solid #000; padding: 8px;\">5<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">Redemption, Switch-out, Registration of new Systematic Withdrawal Plan (SWP), new Systematic Transfer Plan (STP-out), and instalments of existing SWP\/STP-out<\/td>\n        <td style=\"border: 1px solid #000; padding: 8px;\">No impact. Will be allowed.<\/td>\n      <\/tr>\n    <\/tbody>\n  <\/table>\n<\/figure>\n\n\n\n\n<p>For more details, please refer to the<a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/36.+Notice+-Cum-Addenda+on+Temporary+restrictions+on+subscription+of+DSP+Funds-3-10-24.pdf\"> addendum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Note for Investors As per directives from SEBI (email dated March 19, 2024) and AMFI (email dated March 20, 2024), Asset Management Companies (AMCs) are required to temporarily restrict subscriptions in schemes investing in overseas Exchange Traded Funds (ETFs), effective April 01, 2024. This is to ensure that industry-wide limits set by the Reserve Bank [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Temporary Restrictions on DSP Mutual Fund Schemes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/bulletin\/temporary-restrictions-on-dsp-mutual-fund-schemes\/30567\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Temporary Restrictions on DSP Mutual Fund Schemes\" \/>\n<meta property=\"og:description\" content=\"Note for Investors As per directives from SEBI (email dated March 19, 2024) and AMFI (email dated March 20, 2024), Asset Management Companies (AMCs) are required to temporarily restrict subscriptions in schemes investing in overseas Exchange Traded Funds (ETFs), effective April 01, 2024. 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