Axis Mutual Fund Halts Subscription for Three International Funds Amid Changes
Axis Mutual Fund temporarily suspends subscription in its 3 international funds, removes Rs 1 lakh limit
The Economic TimesImage: The Economic Times
Axis Mutual Fund has temporarily suspended subscriptions for its Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund, and Axis Greater China Equity Fund of Fund effective May 13, 2026. This decision follows a previous limit on subscriptions over ₹1 lakh (approximately $1,200 USD) per month, which has now been removed.
- 01Subscriptions for three international funds suspended effective May 13, 2026.
- 02No new transactions will be accepted after 3:00 PM on the effective date.
- 03Existing systematic transactions will remain active but paused.
- 04Axis Greater China Equity Fund of Fund showed a return of 58.23% in the past year.
- 05The fund house manages three additional international funds.
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Axis Mutual Fund has announced a temporary suspension of subscriptions to its three international funds: the Axis Global Equity Alpha Fund of Fund, Axis Global Innovation Fund of Fund, and Axis Greater China Equity Fund of Fund, effective May 13, 2026. Following a recent notice, the fund house will not accept any lumpsum subscriptions, switch-ins, or fresh registrations of systematic transactions after 3:00 PM on the effective date. This suspension comes after the removal of a previous limit that restricted subscriptions above ₹1 lakh (approximately $1,200 USD) per PAN per month. Existing systematic transactions will remain in the system but will be paused until further notice. The Axis Global Equity Alpha Fund of Fund had an asset under management (AUM) of ₹2,290 crore (approximately $275 million USD) and delivered a return of 30.87% over the past year. Meanwhile, the Axis Greater China Equity Fund of Fund, with an AUM of ₹3,858 crore (approximately $465 million USD), achieved a remarkable 58.23% return in the same period. Axis Mutual Fund also manages three other international funds, including the Axis NASDAQ 100 US Specific Equity Passive Fund of Fund.
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This suspension may affect investors looking to invest in these funds, potentially limiting their options for international equity exposure.
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