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Motilal Oswal AMC to accept subscriptions in three international funds

Motilal Oswal S&P 500 Index Fund, Motilal Oswal MSCI EAFE Top 100 Select Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund will reopen for fresh subscription.

November 22, 2022 / 06:57 PM IST
Representative image

Representative image

Motilal Oswal Mutual Fund has announced re-opening of its index funds investing in overseas stocks for investors. The fund house will be accepting up to Rs 2 lakh per calendar month, per permanent account number (PAN) from December 1, 2022 in three schemes. This limit of Rs 2 lakh is also per scheme.

The fund house has communicated that it will be accepting investments as lumpsum or switch-in into Motilal Oswal S&P 500 Index Fund, Motilal Oswal MSCI EAFE Top 100 Select Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund. The fund house will not be accepting money in these schemes through systematic investment plans and systematic transfer plans.

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Though the fund house won’t accept any SIP in the aforesaid schemes, the investors are allowed to invest in tranches in them. Each of these investments will be treated as a separate subscription and units will be allotted, as far as the investor does not cross Rs 2 lakh-mark in a given calendar month.