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Motilal Oswal Mutual Fund discontinue SIPs and SIP Top-Ups in two international funds

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Surbhi Khanna

, ET OnlineLast Updated: Dec 07, 2024, 04:08:00 PM IST

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As of October 30, 2024 (the latest available data), the Motilal Oswal S&P 500 Index Fund had an AUM of Rs 3,532 crore, while the Motilal Oswal Nasdaq 100 Fund of Fund had an AUM of Rs 5,469 crore.

Motilal Oswal Mutual Fund discontinue SIPs and SIP Top-Ups in two international funds

Motilal Oswal Mutual Funds has announced the discontinuation of new SIPs registrations and SIP Top-Ups for the Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund till further notice.

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The changes will be effective from the close of business hours of December 10.

The fund house informed its unitholders about these changes through a notice-cum-addendum.

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Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund are international funds.

Further, the existing SIPs & SIPs registered till the closure of business hours of December 10, 2024, will remain unchanged.

The current restrictions on lump sum investments, Systematic Transfer Plans (STPs), and Switch-ins will continue to apply as before.

There will be no restrictions on redemptions, Systematic Withdrawal Plans (SWP), and Switch-outs.

This addendum forms an integral part of SID and KIM of the relevant Scheme(s) of MOMF.

Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Fund had an AUM of Rs 3,532 crore and Rs 5,469 crore, respectively, as of October 30, 2024, (last available data).