RBI cap forces 28 international fund SIPs to stop, shrinking global access for Indian investors
RBI’s $7 bn cap on overseas investments forced 28 international mutual fund schemes to stop new SIP instalments, leaving Indian investors with dwindling routes to global markets. Fund houses such as PGIM India and Edelweiss say they have “no choice” but to pause, while existing units stay invested. Only a single scheme still accepts fresh SIPs.