International investing in India has picked up substantially over the last few years with AUM growing more than 20x, from ~1,800 Crs in Mar-2018 to ~37,000 Crs as of 31-Oct-221. This growth in popularity of mutual funds investing overseas has resulted in the mutual fund industry breaching the overseas investment limits of USD 7 billion2. Motilal Oswal Mutual Fund, along with other fund houses have had to suspend fresh inflows into schemes that invest overseas – causing disruption and inconvenience to investors across India.
Over the last few months, the suspension of fresh inflows and intermittent redemptions have resulted in some headroom becoming available. Therefore, we are opening up subscriptions in the following schemes –
- Motilal Oswal S&P 500 Index Fund
- Motilal Oswal Nasdaq 100 Fund of Fund
- Motilal Oswal MSCI EAFE Top 100 Select Index Fund
With effect from December 1, 2022, we will accept up to Rs. 2,00,000 (Two Lakh), per PAN, per calendar month in each of these schemes by way of either lumpsum or switch-in applications3.
Please note as of now, we are continuing with the restriction on systematic investment options such as SIP, STP etc.
We believe that investing overseas is a great way for investors to diversify their portfolio. Due to the correction in international markets during this year, we believe there are some investors who may want to get exposure to international equity with this window of opportunity.
We will be continuously monitoring the headroom available and will keep you posted on further developments.
Please feel free to reach out to us at amc@motilaloswal.com for any clarifications.
The official notice/addendum can be accessed at the link below – https://www.motilaloswalmf.com/CMS/assets/uploads/Documents/da43f-addendum-1.pdf
Mutual Fund investments are subject to market risks, read all scheme related documents carefully
1Source: AceMF, MOAMC; Data as on 31-Oct-22
2SEBI Circular SEBI/IMD/CIR No.2/122577/08 & RBI Circular RBI/FED/2015-16/10
3Subject to other SID provisions
