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Shashi Tharoor, Chairman of the Parliamentary Standing Committee on Information Technology and former Minister of State for HRD and External Affairs, filed his nomination papers for Thiruvananthapuram Lok Sabha seat in 2024 general elections. He has declared that his total investments in mutual funds was at Rs 1.72 crore.
Of the 69 international funds, 26 have been closed in some capacity. Some have been toggling flows intermittently due to limited capacity. Pratik Oswal, Head, ETFs and Index Funds, Motilal Oswal AMC, points out, “We have some headroom to invest abroad, but we are not encouraging large investors and are giving preference to retail SIP contributions.” What should mutual fund investors do now?
If an investor is looking to invest overseas, most global funds, apart from ETFs, are accepting fresh investments at this point. However, this can change at any time depending on the headroom available to the fund houses.
Most overseas funds as of now are open for investments while some are allowing only fresh SIPs. However, this can change at any point depending on the headroom available to the fund houses for overseas investments.