Motilal Oswal Mutual Fund pause inflows from SIPs in two international funds

Motilal Oswal Mutual Fund has decided to pause inflows from existing systematic investment plans (SIPs) for its two international funds. The fund house has paused inflows in Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund.

The changes will be effective from the end of day Sunday, January 5, 2025. The fund house informed about these changes to its unitholders through a notice-cum-addendum.

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The fund house informed its investors that the above mentioned decision has been taken due to the exhaustion of exposure in overseas investment limits.

The notice-cum-addendum further stated that any inflows from existing registered SIPs for the above schemes after the cut-off time on January 5, 2025, will not be accepted or processed. However, these SIP registrations will remain active in the system and may be reactivated subject to changes in regulatory change or exposure limits, or for other applicable reasons.

This pause does not apply to redemption, switch-out, systematic withdrawal plan, and transfer out under the aforementioned schemes. This notice cum addendum forms an integral part of the SID and KIM of the designated schemes. All other contents remain unchanged.

Motilal Oswal S&P 500 Index Fund

Motilal Oswal S&P 500 Index Fund had an AUM of Rs 3,781 crore as on November 30,2024. The minimum investment amount in the scheme is Rs 500 and in multiples of Re 1 thereafter. The objective of the scheme is to seek investment return that corresponds to the performance of S&P 500 Total Return Index subject to tracking error.

The scheme is benchmarked against S&P 500 Total Return Index and is managed by Sunil Sawant and Rakesh Shetty. The scheme invests 95-100% in equity and equity related securities covered by S&P 500 Total Return Index and 0-5% in debt and money market instruments, overseas mutual fund schemes or exchange traded funds.

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Motilal Oswal Nasdaq 100 Fund of Fund

Motilal Oswal Nasdaq 100 Fund of Fund had an AUM of Rs 5,468 crore as on November 30,2024. The minimum investment amount in the scheme is Rs 500 and in multiples of Re 1 thereafter. The objective of the scheme is to seek returns by investing in units of Motilal Oswal Nasdaq 100 ETF.

The scheme is benchmarked against NASDAQ-100 Total Return Index and is managed by Swapnil Mayekar, Dishant Mehta, and Rakesh Shetty. The scheme invests 95-100% in units of Motilal Oswal Nasdaq 100 ETF and 0-5% in units of liquid/ debt schemes, debt, money market instruments, G-Secs, cash and cash at call, etc.

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