Axis Mutual Fund Temporarily Halts Subscriptions in 3 International Schemes and Lifts ₹1 lakh Limit per Month

Axis Mutual Fund has announced a temporary suspension of new subscriptions to 3 of its international fund-of-fund schemes starting from May 13, 2026.  

This move involves Axis Global Equity Alpha, Axis Global Innovation, and Axis Greater China Equity schemes. 

Details of the Suspension 

As of May 13, 2026, Axis Mutual Fund will not accept any new lumpsum subscriptions, systematic investment plans (SIPs), or switch transactions for the mentioned schemes beyond 3:00 PM.  

Transactions initiated post this cutoff will be rejected. All previously registered SIPs will be paused, and any SIP instalments collected after the effective date will be refunded in accordance with applicable timelines. 

Fund Performance and Changes 

Prior to this suspension, Axis Global Equity Alpha Fund of Fund reported an Asset Under Management (AUM) of ₹2,290 crore as of April 30, 2026, achieving a return of 30.87% over the past year.  

Axis Global Innovation Fund of Fund held an AUM of ₹831 crore with a 36.85% return in the same period.  

Meanwhile, the Axis Greater China Equity Fund of Fund, with an AUM of ₹3,858 crore, delivered a notable 58.23% return in one year. 

Recent Limit Adjustments 

On May 5, 2026, Axis Mutual Fund had announced restrictions, barring any lumpsum or systematic transaction registrations exceeding ₹1 lakh per month per PAN in the above schemes. These measures were effective from the start of business hours on the same day. 

Additional Axis Mutual Fund Schemes 

Aside from these halted schemes, Axis Mutual Fund manages other international funds such as Axis NASDAQ 100 US Specific Equity Passive FoF, Axis S&P 500 ETF FoF, and Axis US Specific Treasury Dynamic Debt Passive FoF. The current changes are specific to the 3 international fund-of-fund schemes mentioned earlier. 

Read More: Best Small Cap Mutual Funds for May 2026 Based on 5‑Year CAGR: Bandhan Small Cap Fund, Invesco India Smallcap Fund and More! 

Conclusion 

The suspension of subscriptions in three international funds by Axis Mutual Fund reflects strategic adjustments to manage inflows. This follows a recent imposition of a ₹1 lakh transaction limit. Affected investors can expect refunds for any SIP deductions post the cutoff date.  

Read More: Best Small Cap Mutual Funds for May 2026 Based on 5‑Year CAGR: Bandhan Small Cap Fund, Invesco India Smallcap Fund and More! 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.