At MobiKwik Money, you can purchase open-ended direct mutual fund schemes from 36 different fund families, but unfortunately, you can't make a purchase (one-time or SIP) for just a few schemes.
This isn't because we are stopping you. Rather it is because the Mutual Fund Companies have restricted or suspended fresh purchases into these schemes.
| SCHEME | SUSPENDED EFFECTIVE | WHAT IS SUSPENDED ? |
| DSP BlackRock Micro Cap Fund | February 20, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs |
| Edelweiss Tax Advantage Fund | October 17, 2016 | Fresh purchase, Additional Purchases, Fresh SIPs |
| IDFC Focused Equity Fund | December 4, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs restricted to ₹ 200,000 |
| IDFC Premier Equity Fund | May 27, 2014 | Fresh purchase, Additional Purchase, Fresh SIPs (see link) |
| L&T Emerging Business Fund | December 11, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs restricted to ₹ 200,000 |
| Mirae Asset Emerging Bluechip Fund | October 25, 2016 | Fresh purchase, Additional Purchases, Fresh SIPs |
| Reliance Small Cap Fund | March 26, 2018 | Fresh purchase, Additional Purchases, Fresh SIPs |
| SBI Small and Midcap Fund | October 30, 2015 | Fresh purchase, Additional Purchases, Fresh SIPs (see link) |
| Taurus Liquid Fund | February 23, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs |
| Taurus Ultra Short Term Bond Fund | February 23, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs |
| Taurus Short Term Income Fund | February 23, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs |
| Taurus Dynamic Income Fund | February 23, 2017 | Fresh purchase, Additional Purchases, Fresh SIPs |
| ICICI Prudential Smallcap Fund | July 31, 2018 | Fresh purchase, Additional Purchases |
| Union Liquid Fund | September 19, 2018 | Fresh purchase, Additional Purchases |
| Motilal Oswal Ultra Short Term Fund | September 10, 2018 | Fresh purchase, Additional Purchases |
| Principal Low Duration Fund | September 10, 2018 | Fresh purchase, Additional Purchases |
| Principal Cash Management Fund | September 10, 2018 | Fresh purchase, Additional Purchases |
| Principal Arbitrage Fund | September 10, 2018 | Fresh purchase, Additional Purchases |
At MobiKwik Money, we provide our investors with the FLEXI-SIP option which is not a real SIP but a series of monthly additional purchases. The advantage of this is that it gives investors complete flexibility over their monthly investments (such as letting you choose any date of the month to invest, choose any amount, increase or decrease your investment amount, or even cancel the next installment).
But this also means that in case of suspension of purchases in a scheme, we cannot continue with FLEXI-SIP purchases if the AMC will not accept any 'additional purchase' instructions. This will not affect any current holdings that you have in the scheme in any way - you are not required to sell these.
You may want to think about these funds in the way that the Mutual Fund Companies suggest - they think the valuations are too high or they cannot profitably deploy your money for you in these strategies. We recommend that you follow the advice of the Fund Managers who are ultimately responsible for investing your savings!