As far as I understand, there are various limits and sub-limits for fund house as well as overall limit for all MFs.
This is what Prateek Oswal of MO had to say:
“We have stopped market making. There is no fresh creation of units, due to the regulatory restrictions,” said Pratik Oswal, head of passive funds business at Motilal Oswal AMC. “There is a premium as prices are dependent on pure demand and supply.”
So new units are not getting created and market making is not happening.
I think you can invest through ‘Navi Nasdaq 100 FoF’. Looks like it is following the U.S. markets correctly and allowing investment also as of now. @Akash_Shah Any idea how come Navi’s fund tracking its NAV closely and also allowing Investing option.
No but the following are also ‘FoF’. Then how come they are not following NAV. (Compare their fall on 5th may to Navi’s, they have fallen just -1.6% and the other just -0.39%, while Navi has fallen -5.12%, which is inline to Nasdaq 100 fall in U.S. matkets).