Suspension of subscription to units in Kotak NASDAQ 100 Fund of Fun

April 1, 2024 . FundsIndia Desk

The Investors are requested to note the Kotak NASDAQ Fund 100 Subscription Suspension Notice:

Effective from March 27, 2024, until further notice:

  • Lumpsum and switch-in subscriptions will not be accepted, except for transactions processed before March 27, 2024.
  • Fresh systematic registrations, including systematic transfer plans and dividend transfer plans into the scheme, will not be accepted.
  • Existing SIP/STP/DTP installments as of March 26, 2024, will be paused until further notice.
  • Intra-scheme switches (regular to direct and vice versa) and intra-plan switches (growth to IDCW and vice versa) remain unaffected.
  • Switch-out, redemptions, fresh systematic withdrawal plan registrations, and existing systematic withdrawal plan installments (with one of the designated schemes as the source scheme) remain unaffected.”

For more details, read the addendum.

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