Several asset management companies (AMCs) have opened up subscriptions for international schemes to maximise inflows ahead of new taxation rules for debt mutual funds kicking from April. The fund houses that resumed their international schemes are — Franklin Templeton, Mirae Asset and Edelweiss Mutual Fund. Edelweiss Mutual has opened its all seven international funds for subscription from Monday. It has started accepting switch-in or lumpsum transactions.

“We had some limits, so we thought of letting investors take benefit of taxation by investing before March 31,” Niranjan Awasthi, head — product, marketing and digital business at Edelweiss AMC told PTI. Mirae Asset has opened subscriptions in a lump sum manner for three international ETFs and three Fund of Funds (FoF) based on these ETFs from March 27 onwards.

The existing Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP) will reopen from March 29 onwards. However, fresh SIP and STP will not be allowed.

“Since we have limited room available to take fresh inflows, these funds are likely to get closed again in future for subscription, in order to comply with the current regulatory limit and applicable guidelines for the overseas funds,” Siddharth Srivastava, head — ETF Product & Fund Manager at Mirae Asset Investment Managers (India), said.

In case of ETFs, investors can transact on exchange in any quantity or in multiple of basket size with the AMC directly and in the case of FoFs, investors can use multiple avenues like lumpsum or switch-ins to take exposure in the underlying ETFs, he added.