Kotak Mutual Fund temporarily suspends subscriptions in its 4 international funds

Kotak Mutual Fund has announced temporary suspension of subscriptions in its four international funds: Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, Kotak International REIT Overseas Equity Omni FOF, and Kotak Quality Overseas Equity Omni FOF, with effect from April 30.

The fund house said that acceptance of fresh or additional lump sum or switch-in transactions, and fresh SIP or STP registrations in these schemes, will be discontinued with effect from April 30, 2026, while permitting fresh or additional lump sum or switch-ins or registration of SIP or STP up to Rs 1 lakh per PAN per month in the respective schemes.

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The unitholders were informed about these changes through a notice-cum-addendum. The notice-cum-addendum also said that all purchase or switch transactions of the schemes timestamped on or before 3.00 pm on April 29, 2026, shall be accepted and processed at applicable NAV. However, instalments falling due under existing SIP or STP registered prior to the effective date will be processed under respective Plans or Options of the schemes at applicable NAV.

As of March 2026, Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, Kotak International REIT Overseas Equity Omni FOF, and Kotak Quality Overseas Equity Omni FOF had an AUM of Rs 935 crore, Rs 604 crore, Rs 98 crore, and Rs 58.02 crore, respectively.

These four international funds are managed by Arjun Khanna. In the last one year, Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, and Kotak International REIT Overseas Equity Omni FOF gave returns of 65.96%, 43.51%, and 20.74%, respectively.

Kotak Quality Overseas Equity Omni FOF was launched on March 25, 2026, and has delivered a 5.12% return since inception.

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Apart from these four international funds, Kotak Mutual Fund manages one more international fund, Kotak US Specific Equity Passive FoF, which is also managed by Arjun Khanna and has delivered a 56.20% return since its inception on February 2, 2021.

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