Notice No20230327-27Notice Date27 Mar 2023
CategoryTradingSegmentMutual Fund
SubjectTemporary suspension of subscription in MOTILAL OSWAL NIFTY G-SEC MAY 2029 INDEX FUND on BSE StAR MF Platform
Content

MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from MOTILAL OSWAL Mutual Fund regarding Temporary suspension of subscription through lumpsum investment and Switch In including fresh Systematic Investment Plans (SIP) & Systematic Transfer Plan (STP-in) under MOTILAL OSWAL NIFTY G-SEC MAY 2029 INDEX FUND on BSE StAR MF Platform with effect from March 27, 2023.

Also, as confirm by MOTILAL OSWAL AMC, the existing systematic registrations (SIP’s & AMC STP’s registered) on BSE StAR MF Platform under aforesaid scheme shall not get continue to process at AMC/RTA end. 

Therefore, Exchange is temporarily pause/suspending existing Systematic Investment Plan (SIP’s) registered under above scheme and shall be reactivated after further notice from AMC end.  Also, Systematic Transfer Plan (AMC STP) will be shown as live-in system but same will not been reported on due date to AMC/RTA.

Further, as intimated by AMC, redemption, switch-out, AMC STP- out & SWP shall be allowed with waive off the Exit Load in the scheme with effect from March 27, 2023 on BSE StAR MF platform till further notice from AMC end.

The notice cum addendum issued by MOTILAL OSWAL AMC is attached.

 

Ketan Jantre                                                Zeeta Eustace 

Sr. General Manager – Mutual Funds       Dy. General Manager – Mutual Funds

Attachments
Addendum.pdf