Insights

Discontinuation of the Systematic Investment Plan (SIP) of the Designated Schemes of MOMF

December 11, 2024 . FundsIndia Desk

Investors, Please be informed that, effective from the close of business hours on December 10, 2024, new Systematic Investment Plan (SIP) registrations and SIP Top-Ups for the Motilal Oswal S&P 500 Index Fund and Motilal Oswal Nasdaq 100 Fund of Funds (“Designated Schemes”) will be temporarily discontinued until further notice.

Existing SIPs and those registered before the closure of business hours on December 10, 2024, will remain unaffected. Current restrictions on lump sum investments, Systematic Transfer Plans (STP), and Switch-ins will continue as per the existing guidelines. However, there will be no restrictions on redemptions, Systematic Withdrawal Plans (SWP), or Switch-outs.

For further details, please read the addendum

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