When Zerodha will allow investment in individual stocks?
NYSE, NASDAQ and Korean exchange…
It is not yet open on coin? It is Mar 15 already
@Bhuvan - Any update on when will coin allow further investments on PPFAS flexicap? I don’t see the option to invest on coin yet.
You can create an SIP now.
Thank you for the update. Just placed a order now
Update
Motilal Oswal AMC has announced it will be pausing all existing SIPs and STPs in the following international mutual funds with effect from April 1, 2022;
- Motilal Oswal S&P 500 Index Fund
- Motilal Oswal MSCI EAFE Top 100 Select Index Fund
- Motilal Oswal Nasdaq 100 Fund of Fund
You can check the announcement here.
Oh no!
Hopefully, they don’t stop the ETF’s too.
Do we have any ETA on when the limits will be increased ? It seems like volatility is being used as an excuse to force investors to invest in the Indian market.
Any info on when the restrictions will be lifted ? It seems like everybody in the trading community in India has just forgotten about this The market in the U.S. is now at one its lowest points, it would be criminal to not allow investments now.
Still no updates?!!
SEBI in it’s recent circular has allowed mutual funds to resume fresh investments in international mutual fund schemes.
As per the circular, mutual funds can make overseas investments to the extent of headroom available without breaching the investments limits as of February 1, 2022 at the mutual fund level.
At a fund level, SEBI had set a limit $1 billion for mutual funds and $300 million for overseas ETFs.
Edelweiss Mutual Fund
Following this, Edelweiss Mutual Fund will be resuming lumpsum investments, SIP and STP registrations and in the following international schemes from June 21, 2022, onwards;
Edelweiss ASEAN Equity Offshore Fund | |
Edelweiss Greater China Equity Offshore Fund | |
Edelweiss US Technology Equity FOF | |
Edelweiss Emerging Markets Opportunities Equity Offshore Fund | |
Edelweiss US Value Equity Offshore Fund | |
Edelweiss Europe Dynamic Equity Offshore Fund | |
Edelweiss MSCI India Domestic and World Healthcare 45 Index Fund | |
You can check the announcement from Edelweiss here.
Nippon India Mutual Fund
Nippon India Mutual Fund will be resuming lumpsum investments, SIP and STP registrations in the following schemes from June 22, 2022, onwards;
Nippon India US Equity Opportunities Fund | |
Nippon India Japan Equity Fund | |
Nippon India Taiwan Equity Fund | |
Nippon India Multi Asset Fund | |
Nippon India ETF Hang Seng BeES |
Mirae Asset Mutual Fund
Mirae Asset Mutual Fund has resumed fresh lumpsum investments with a limit of Rs. 200,000 per day, per invertor in the following schemes;
Mirae Asset NYSE FANG+ ETF Fund of Fund | |
Mirae Asset S&P 500 Top 50 ETF Fund of Fund | |
Mirae Asset Hang Seng TECH ETF Fund of Fund | |
Note: The existing SIPs that were suspended in the above schemes will remain suspended and no fresh SIPs will be allowed. Also, the creation of new units in Mirae Asset’s international ETFs will continue to remain suspended. While the ETFs continue to trade on exchanges, with no creation of fresh units those can trade at a premium or a discount compared to their fair value (iNAV), this post explains it in detail: Premiums and discounts in international ETFs
Thought these limits were based on AUM of mutual funds, turns out these limits are based on redemptions. So these resumption of investment in international mutual funds will be short lived…
Nippon India Mutual Fund has suspended lumpsum investments as well as fresh SIP registrations in the following schemes from June 29, 2022.
- Nippon India US Equity Opportunities Fund
- Nippon India Japan Equity Fund
- Nippon India Taiwan Equity Fund
- Nippon India Multi Asset Fund
However, the existing SIP’s orders will continued to be processed as per SIP date. You can check more details here
Mirae Asset Mutual Fund has resumed lumpsum investments in following mutual funds, starting September 23, 2022.
- MIRAE ASSET NYSE FANG ETF FUND OF FUND
- MIRAE ASSET HANG SENG TECH ETF FUND OF FUND
- MIRAE ASSET S&P 500 TOP 50 ETF FUND OF FUND
As per AMC, existing SIPs well continue to run as is but creation of fresh SIPs is not allowed. You can check the circular here.
Too many jargons.
Can someone explain why MO Nasdaq 100 FOF MF doesn’t allow buying currently ? @ShubhS9 @Bhuvan
RBI has set an industry-level overseas investment limit of $7 billion. At the mutual fund level, it is $1 billion. As the mutual fund industry has hit these limits, they can no longer invest in overseas stocks. This is why Motilal Oswal MF has stopped investment in NASDAQ 100 FOF, along with other international funds.
This has been explained in detail in main post, would suggest you check it.
You can invest in ICICI NASDAQ 100 index fund as replacement for motilal