Motilal Oswal Asset Management Company will again start accepting fresh investment in three of its international funds starting December 1, Business Line reported.
These overseas funds are Motilal Oswal S&P 500 Index Fund, Nasdaq 100 Fund of Fund and MSCI EAFE Top 100 Select Index Fund.
However, the fund house will have a restriction of ₹2 lakh per PAN per calendar month in each of these schemes by way of either lumpsum or switch-in applications.
It will continue with the restriction on systematic investment options such as SIP and STP.
It is worth mentioning here that the fund house stopped investment in overseas funds following the freeze announced by SEBI. Later, AMFI allowed fund houses to invest in overseas funds and securities up to the headroom available without breaching the overseas investment limits in February at the individual fund house level.
The move was following the sharp fall in overseas market.