Key Takeaways
- • PGIM India Asset Management is reopening select subscription transactions in its Global Select Real Estate Securities Fund of Fund effective October 8, 2026, following a temporary suspension announced in March 2026.
- • Investors will be permitted to make fresh and additional lump-sum purchases, switch into the fund, and continue existing systematic investment plans (SIPs), but fresh SIP and systematic transfer plan (STP) registrations will remain suspended.
- • The reopening follows SEBI guidance from June 17, 2022, permitting mutual funds to accept subscriptions in overseas funds up to available headroom without breaching overseas investment limits established as of February 1, 2022.
- • The fund, launched in November 2021 and managed by Anandha Padmanabhan Anjeneyan and Vivek Sharma, invests in overseas real estate securities through a fund-of-fund structure with an expense ratio of 1.37% and has delivered 5.46% average annual returns since inception.
- • All other scheme terms, conditions, and documentation remain unchanged; the partial reopening represents a staged approach to normalizing operations after seven months of subscription restrictions.
Summary
PGIM India Asset Management has announced a selective reopening of its Global Select Real Estate Securities Fund of Fund, permitting fresh subscription transactions beginning October 8, 2026. The reopening marks a controlled restoration of investor access following subscriptions that were temporarily suspended across multiple PGIM India global schemes in March 2026.
Under the October 8 reopening terms, investors will be able to execute fresh and additional lump-sum purchases into the fund and switch existing holdings into it. Critically, existing systematic investment plans will continue to be accepted without interruption. However, the asset manager has maintained suspension on fresh SIP registrations and all systematic transfer plan activity—both new registrations and existing STPs remain paused. The notice, dated September 29, 2026, establishes a bifurcated approach that reopens direct subscription while preserving restrictions on automated recurring investment mechanisms.
This partial reopening follows multiple interim notices issued between May and August 2026 regarding subscription revisions across PGIM India's overseas fund portfolio. The broader policy framework underpinning this reopening derives from SEBI guidance dated June 17, 2022, which clarified that mutual funds may accept subscriptions and deploy capital in overseas funds and securities up to available headroom without violating overseas investment limits set at the mutual fund level as of February 1, 2022.
The Global Select Real Estate Securities Fund of Fund, launched in December 2021, operates through a fund-of-fund structure providing domestic investors exposure to overseas real estate securities. Managed by Anandha Padmanabhan Anjeneyan and Vivek Sharma, the scheme carries an expense ratio of 1.37% and has generated 5.46% average annual returns since inception. The fund remains distinct in the Indian mutual fund landscape as a dedicated vehicle for international real estate securities exposure. All scheme terms, conditions, and documentation specified in the Scheme Information Document and Key Information Memorandum remain unmodified by this reopening announcement.
Under the October 8 reopening terms, investors will be able to execute fresh and additional lump-sum purchases into the fund and switch existing holdings into it. Critically, existing systematic investment plans will continue to be accepted without interruption. However, the asset manager has maintained suspension on fresh SIP registrations and all systematic transfer plan activity—both new registrations and existing STPs remain paused. The notice, dated September 29, 2026, establishes a bifurcated approach that reopens direct subscription while preserving restrictions on automated recurring investment mechanisms.
This partial reopening follows multiple interim notices issued between May and August 2026 regarding subscription revisions across PGIM India's overseas fund portfolio. The broader policy framework underpinning this reopening derives from SEBI guidance dated June 17, 2022, which clarified that mutual funds may accept subscriptions and deploy capital in overseas funds and securities up to available headroom without violating overseas investment limits set at the mutual fund level as of February 1, 2022.
The Global Select Real Estate Securities Fund of Fund, launched in December 2021, operates through a fund-of-fund structure providing domestic investors exposure to overseas real estate securities. Managed by Anandha Padmanabhan Anjeneyan and Vivek Sharma, the scheme carries an expense ratio of 1.37% and has generated 5.46% average annual returns since inception. The fund remains distinct in the Indian mutual fund landscape as a dedicated vehicle for international real estate securities exposure. All scheme terms, conditions, and documentation specified in the Scheme Information Document and Key Information Memorandum remain unmodified by this reopening announcement.
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