News From Press Bypass MFs' foreign investment limits, access wider product menu via LRS

Bypass MFs' foreign investment limits, access wider product menu via LRS

Source: BS Apr 16, 2024

Kotak Mutual Fund recently suspended subscriptions to its Kotak NASDAQ 100 Fund of Fund, which invests in units of overseas exchange-traded funds (ETFs) and index funds based on the NASDAQ 100 Index. This suspension follows similar actions by other funds facing investment restrictions.

Industry-level limits exist of $7 billion for fund-of-funds and $1 billion for ETFs. Breaching of these limits leads to the suspension of new investments in international funds.

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