Kotak, Edelweiss stop fresh investments in international mutual funds

Kotak MF and Edelweiss MF place restrictions on investments as they near their international investment limits

Kotak Mahindra Mutual Fund (MF) and Edelweiss MF have stopped accepting fresh investments in their international schemes as they are about to reach their international investment limits.

Edelweiss MF has stopped taking lump sum investments in seven of its international schemes including ASEAN Equity Off-shore Fund, Greater China Equity Off-shore Fund and US Technology Equity Fund of Fund. Investments, though, can still be made through systematic investment plans (SIPs). Kotak MF has completely suspended investments (both lump sum and SIP) in Nasdaq Fund of Fund.

The suspensions come a day after Reserve Bank of India Governor Shaktikanta Das said there was no