Description

Motilal Oswal Asset Management announces changes to Fund of Fund scheme names and attributes to align with new SEBI framework effective August 29, 2025.

Summary

Motilal Oswal Asset Management Company Limited announces changes to selected Fund of Fund (FOF) schemes to align with SEBI’s Framework for launching FOF Schemes with multiple underlying funds. Changes include scheme name modifications, benchmark revisions, and updates to eligible underlying schemes, effective August 29, 2025.

Key Points

  • Changes implemented to comply with SEBI framework for Fund of Fund schemes with multiple underlying funds
  • Motilal Oswal Developed Market Ex US ETFs Fund of Funds renamed to Motilal Oswal Developed Market Ex US ETFs Overseas Equity Passive FOF
  • Benchmark index changed for Motilal Oswal Gold and Silver ETFs Fund of Funds
  • Eligible underlying schemes list updated to include Motilal Oswal’s own Gold ETF and Silver ETF
  • All other terms and conditions of the schemes remain unchanged

Regulatory Changes

  • Implementation of SEBI letter dated February 6, 2025 and clarification dated June 30, 2025
  • Re-categorization of existing FOF schemes investing in multiple underlying schemes
  • Framework alignment for Fund of Fund schemes with multiple underlying funds

Compliance Requirements

  • Scheme Information Document (SID) and Key Information Memorandum (KIM) to be updated
  • Addendum forms integral part of scheme documents
  • Investment managers must ensure compliance with revised framework

Important Dates

  • August 29, 2025: Effective date for all scheme changes
  • August 26, 2025: Notice date
  • February 6, 2025: Original SEBI letter date
  • June 30, 2025: SEBI clarification date

Impact Assessment

  • Administrative impact on existing Fund of Fund investors
  • No material change to investment strategy or fund management
  • Enhanced compliance with regulatory framework
  • Inclusion of in-house ETFs may provide better cost efficiency for the fund house
  • Investors should review updated scheme documents for complete details

Impact Justification

Administrative changes to mutual fund schemes following SEBI framework alignment