Motilal Oswal Asset Management to accept fresh subscriptions in five international schemes

Motilal Oswal S&P 500 Index Fund

Motilal Oswal NASDAQ 100 ETF

Motilal Oswal NASDAQ 100 Fund of Fund

Motilal Oswal MSCI EAFE Top 100 Select Index Fund

Motilal Oswal NASDAQ Q 50 ETF

In case the subscription limit is exceeded, the inflows may be paused again, according to the asset management company.

In June, AMFI (Association of Mutual Funds in India) announced that mutual fund schemes may resume subscriptions and make investments in overseas funds or securities up to the headroom available without breaching the overseas investment limits utilised by funds as of February 1, 2022.

AMCs can utilise the headroom available in the overseas investment limit created due to redemptions and consequent sale of overseas securities post February 1, 2022, it said.

Earlier in January, SEBI had asked mutual fund houses to stop taking fresh subscriptions in schemes investing in overseas stocks. The directive to stop subscription was mainly on account of the mutual fund industry crossing the mandated limit of $7 billion for overseas investments.

The Securities and Exchange Board of India (SEBI) has set an overall industry level limit of $7 billion for mutual funds to invest in overseas securities and funds and a separate limit of $1 billion for investment in overseas ETFs (Exchange Traded Funds).