News From Press Motilal Oswal Mutual Fund to pause SIPs into international funds

Motilal Oswal Mutual Fund to pause SIPs into international funds

Source: ET Mar 24, 2022

Motilal Oswal MF will pause existing systematic investment plan (SIPs) and systematic transfer plan (STPs) into three of its international funds beginning April 1, 2022. This move comes in as the RBI has not yet increased overseas investment limits for mutual funds.

“There is no point in collecting money when you cannot deploy it,” says Harshvardhan Roongta, Chief Financial Planner, Roongta Securities.

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