Business Standard

Motilal Oswal AMC suspends ETF unit creation in two schemes

However, ETF units continue to trade on the BSE and the NSE and investors may buy or sell ETF units on the stock exchanges

Motilal Oswal Private Equity
Premium

Chirag Madia Mumbai
Motilal Oswal Asset Management Company (AMC) on Tuesday announced that it has temporarily suspended creation of exchange-traded fund (ETF) units directly with the fund house for Motilal Oswal Nasdaq 100 ETF and Motilal Oswal Q 50 ETF with effect from January 18.

Applications for creation of said ETF units received by the mutual fund (MF) from any investor, including large investors other than 'authorised participants’ (AP), post the cut-off timing of January 17, 2022, shall not be accepted and processed.

“We wish to highlight that suspension is not applicable to the redemption applications received by MF from any investors, including large investors

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 19 2022 | 1:23 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com