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Motilal Oswal AMC to accept fresh investments in international schemes

The AMC had suspended fresh subscriptions to these schemes in Jan after the MF industry came close to breaching global investment limit

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Motilal Oswal | Asset Management | mutual fund sector

BS Reporter  |  Mumbai 



Motilal Oswal Private Equity
Motilal Oswal AMC had suspended fresh investments in their international schemes in January 2022 after the Securities and Sebi advised mutual funds to stop further investments in foreign stocks

Company (AMC) has re-opened three of its international schemes for subscription. From next month, the will be accepting up to Rs 2 lakh per calendar month, per permanent account number (PAN) in S&P 500 Index Fund, EAFE Top 100 Select Index Fund and Motilal Oswal 100 Fund of Fund.

According to a communication issued by the AMC, the restrictions have been lifted only from lumpsum and switch-in . "Motilal Oswal is continuing with the restriction on systematic investment options such as SIP, STP," the fund house said.

Motilal Oswal along with other fund houses had suspended fresh in their international schemes in January 2022 after the (Sebi) advised mutual funds to stop further in foreign stocks to avoid breach of industry-wide overseas limits.

According to Sebi, the mutual funds can make overseas investments up to $7 billion. The restrictions came into force after the industry came close to breaching this limit in January.

In June, lifted the restriction on investments in foreign stocks, opening the path for mutual funds to re-open their international schemes for subscription. However, the regulator imposed a condition that fund houses can only invest up to the available headroom without breaching the overseas investment limits utilised as on February 1.


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First Published: Tue, November 22 2022. 21:02 IST

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