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Baroda BNP Paribas Aqua Reopens as Sole Overseas Fund
Baroda BNP Paribas Aqua is an Indian mutual fund that invests in businesses connected to water around the world.
It began accepting new investments again on 1 September.
This makes it the only one of 60 overseas equity funds currently open to new investors.
Most other funds are still closed because rules limit how much Indian mutual funds can invest overseas.
Some closed funds still allow people who started SIPs or STPs earlier to keep paying them.
Other funds have stopped those payments too.
The fund’s reopening could change again if available investment room disappears.
Investors therefore need to check whether an overseas fund is open before investing.
Baroda BNP Paribas Aqua reopened for lump sums, switches, fresh SIPs and STPs on 1 September.
It is currently the only one of 60 overseas equity funds accepting new investors.
Of the other 59 funds, 34 continue existing SIP and STP instalments, while 25 accept neither new investments nor instalments.
The restrictions reflect the mutual-fund industry’s $7 billion overseas investment ceiling and related regulatory limits.
Several closed funds posted strong August returns, including DSP World Gold Mining at 30.3% and Nippon India Taiwan Equity at 20.1%.
- Who
- Baroda BNP Paribas Aqua and investors in overseas equity mutual funds.
- What
- Baroda BNP Paribas Aqua reopened to new lump-sum investments, switches, fresh SIPs and STPs.
- Where
- Through the Indian mutual-fund route, with investments in overseas equity markets.
- When
- From 1 September; the cited performance figures cover the month ended 31 August.
- Why
- The fund had available regulatory headroom, while the broader industry remains constrained by overseas investment limits.
Key facts
- Reopened fund
- Baroda BNP Paribas Aqua
- Reopening date
- 1 September
- Number of overseas equity funds
- 60
- Funds accepting new investors
- 1
- Industry overseas investment ceiling
- $7 billion
- Other funds continuing existing SIPs or STPs
- 34
- Other funds accepting neither new investments nor instalments
- 25
Sources
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