Nippon India Mutual Fund has suspended fresh inflows into the Nippon India Taiwan Equity Fund from April 21, according to an official notice. The restriction covers lumpsum investments, switch-ins, and new registrations of SIPs, STPs and similar facilities.
The decision is linked to limits on overseas investments at the mutual fund level. The fund house indicated that this is intended to avoid breaching these caps set under regulatory guidelines.
Existing SIPs, STPs and other ongoing systematic transactions will continue without change. Intra-scheme switches between plans and options within the same fund are also allowed.
The restriction applies only to fresh inflows. The fund house stated that the suspension is temporary and will be reviewed based on available headroom or any revision in overseas investment limits.
The scheme recorded returns of over 171% in FY26, placing it among the top-performing equity funds during the year. A monthly SIP of ₹10,000 starting April 1, 2025, would have reached about ₹2.17 lakh by the end of the financial year, with an XIRR of 182.81%.
A lumpsum investment of ₹1 lakh made on the same date would have grown to roughly ₹2.70 lakh, a CAGR of 170.78%. The fund ranked first among nearly 570 equity schemes during the period.
Assets Under Management (AUM) rose from ₹276 crore in April 2025 to ₹519 crore by February 2026, marking an increase of 88%. The scheme, launched in December 2021 and managed by Kinjal Desai, invests primarily in equities listed in Taiwan, with a smaller allocation to Indian debt and money market instruments.
A similar suspension has been applied to the Nippon India Japan Equity Fund from the same date.
The restriction follows earlier industry-wide measures linked to overseas investment limits communicated by Securities and Exchange Board of India (SEBI), Association of Mutual Funds in India (AMFI) and the Reserve Bank of India (RBI).
Subscriptions in certain overseas schemes had previously been paused and later resumed based on available limits.
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The halt reflects regulatory constraints on overseas exposure, with any resumption of fresh inflows dependent on available limits or changes in the existing framework.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/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 the related documents carefully before investing.
Published on: Apr 21, 2026, 5:33 PM IST
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