Kotak Mutual Fund has temporarily stopped fresh lumpsum investments and new SIP/STP registrations in Kotak NASDAQ 100 Fund of Fund effective February 10, 2023. The existing SIP/STP installments will be paused effective March 01, 2023.
This decision has been taken in order to avoid breaching the 300 million USD industry cap per mutual fund (within the overall industry limit of 1 billion USD) imposed by SEBI on investments made by mutual fund schemes into overseas Exchange Traded Funds (ETFs)
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