Motilal Oswal AMC pauses fresh SIP inflows into two international funds: Here are the details

The AMC emphasied that the existing SIPs are not being cancelled but being paused. If, for any reason, the amount is debited from the investor's account after January 5, it will be refunded, said Motilal Oswal Mutual Fund.

Motilal Oswal Mutual Fund has paused fresh SIP contributions into its two international funds starting January 5, 2025, after the AMC hit the overseas investment limit.

Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund, both open-ended schemes will not be accepting fresh instalments after the cut-off date. However, the SIP registrations remain active, and may be reactivated in the future if there is a regulatory change or revisions to exposure limits.

The AMC emphasised that the existing SIPs are not being cancelled but being paused. If, for any reason, the amount is debited from the investor's account after January 5, it will be refunded, said Motilal Oswal Mutual Fund. The AMC added that the pause will not impact redemption, systematic withdrawal, switching out of funds, or transfer-outs.

As of November 30, the AUM of the Motilal Oswal S&P 500 Index Fund stands at Rs 3781.04 crore, with top holdings in Apple, Nvidia, Microsoft, Amazon and Meta Inc. As a industry, the fund has its largest exposure to semiconductors. This is a very high risk fund started in April 2020, and managed by Rakesh Shetty and Sunil Sawant at Motilal Oswal AMC. Last one year's return for the fund has been 33.42%.

The Motilal Oswal Nasdaq 100 Fund of Fund offers investors an exposure to 100 largest non-financial companies listed on the Nasdaq, with the composition having higher weight towards leading technology stocks. The fund entirely invests in units of Motilal Oswal Nasdaq 100 ETF.

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