At Clearfunds, 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, 2016Fresh purchase, Additional Purchases, Fresh SIPs
IDFC Focused Equity Fund
December 4, 2017Fresh purchase, Additional Purchases, Fresh SIPs
restricted to ₹ 200,000
IDFC Premier Equity Fund
May 27, 2014Fresh purchase, Additional Purchase, Fresh SIPs (see link)
L&T Emerging Business Fund
December 11, 2017Fresh 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, 2018Fresh 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, 2017Fresh 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    


At Clearfunds, 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, Clearfunds 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!