Bhuvan
September 19, 2022, 6:58am
12
avnd:
Have seen that Motilal Oswal earlier launched but for some reasons they stopped (temporarily).
Is there any alternative way to invest in S&P 500 Index Fund from India? I know that NASDAQ 100 exists, but would like to know about S&P 500 Fund. Thanks
This is because of the Indian MF industry is close to hitting the overseas investment limits set by RBI. But Motilal has temporarily reopened investments in S&P 500 fund. You can invest on Coin.
In the past 5 years, International mutual funds have become popular among retail investors. Up until 2016-17, we really didn’t have many options either, but in the last 2-3 years, we’ve seen several new global funds. But there are restrictions in terms of overseas investments. At an industry level, RBI has set the limit at $7 billion and this includes a $1 billion limit on overseas ETFs. At a fund level, SEBI had set a limit $1 billion for mutual funds and $300 million for overseas ETFs.
Given …