The suspension applies to all fresh and additional investments, including lump sum purchases, switch-ins, and new registrations under systematic investment plans (SIPs) and systematic transfer plans (STPs), according to an addendum issued by the asset management company.
The fund house also said that systematic transactions registered before the effective date will be temporarily discontinued during the suspension period.
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While the AMC did not specify the exact reason behind the temporary halt, such restrictions are typically imposed by fund houses to manage inflows, portfolio allocation requirements or regulatory considerations linked to specific scheme structures.
Franklin India Retirement Fund is a solution-oriented retirement scheme that comes with a statutory lock-in period and is designed for long-term retirement planning.
The development comes at a time when several mutual fund houses have been recalibrating subscriptions and inflows across select schemes, particularly in categories with investment constraints or portfolio management considerations.
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