Partners are hereby informed that as advised by SEBI vide email dated January 28, 2022, wherein, in order to avoid breach of industry-wide overseas limits as allowed by RBI and in terms of SEBI Circular no. SEBI/HO/IMD/IMD-II/DOF3/P/CIR/2021/571 dated June 03, 2021; the Lumpsum subscription, Fresh Systematic Registrations such as SIP, STP,SWP, Switch-ins in the below-mentioned schemes have been temporarily suspended with effect from February 02, 2022, i.e. post-cut-off timing of February 1, 2022:
1. Mirae Asset NYSE FANG+ ETF
2. Mirae Asset NYSE FANG+ ETF Fund of Fund
3. Mirae Asset Hang Seng TECH ETF
4. Mirae Asset Hang Seng TECH ETF Fund of Fund
5. Mirae Asset S & P 500 Top 50 ETF
6. Mirae Asset S & P 500 Top 50 ETF Fund of Fund
The suspension is not applicable to redemption/switch-out applications received by Mirae Asset Mutual Fund.
Also, Motilal Oswal Trustee Company Limited, the Trustees to Motilal Oswal Mutual Fund (MOMF) has decided to pause the existing Systematic registration including the Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), into the following Schemes of Motilal Oswal Mutual Fund (MOMF) with effect from April 01, 2022.
1. Motilal Oswal S&P 500 Index Fund
2. Motilal Oswal MSCI EAFE Top 100 Select Index Fund
3. Motilal Oswal Nasdaq 100 Fund of Fund
Thus any existing registered SIP/ STP received in the above-designed Motilal MF Schemes are not accepted and processed; however, they would remain active in the system and shall be reactivated after the receipt of further communication of enhancement of limit by Regulators in this regard.