SBI Mutual Fund suspends fresh subscription in its international fund

SBI Mutual Fund has suspended fresh subscriptions to its SBI International Access - US Equity FoF to avoid breaching the industry-wide overseas investment limit set by the RBI. The fund house notified unitholders through a notice-cum-addendum, stating that from December 27, lump sum investments and fresh SIP/STP registrations for IDCW transfers will be discontinued, effective after the cut-off time on December 26.