NSE has suspended fresh subscriptions in four Kotak Mahindra Mutual Fund overseas equity Fund of Fund (FOF) schemes on the NSE MF Invest Platform effective May 06, 2026. The suspension covers fresh/additional lumpsum purchases, switch-in transactions, and new SIP/STP registrations. Existing investments and redemption facilities remain fully operational.

Key Points

• Fresh/additional lumpsum and switch-in transactions are disabled in four Kotak Mahindra overseas equity FOF schemes from May 06, 2026
• New SIP and STP registrations are also suspended in these schemes
• Redemptions, Systematic Withdrawal Plans (SWP), switch-outs, and STP-outs remain unrestricted
• Existing SIP/STP instalments registered before the effective date will continue to be processed at applicable NAV
• Transactions timestamped on or before 3:00 PM on May 05, 2026 have been accepted and will be processed at applicable NAV
• The circular is backed by a Notice-cum-Addendum issued by Kotak Mahindra Asset Management Company Limited

Regulatory Changes

Kotak Mahindra Asset Management Company Limited has issued a Notice-cum-Addendum to the Statement of Additional Information (SAI), Scheme Information Document (SID), and Key Information Memorandum (KIM) for the affected schemes. Relevant changes will be carried out in the SAI, SID, and KIM documents of these schemes. All other terms and conditions in the SID/KIM/SAI remain unchanged.

Compliance Requirements

• NSE members must note that the four affected schemes are disabled for fresh/additional purchases and new SIP/STP registrations on the NSE MF Invest Platform
• Members should inform their clients about the suspension and the affected scheme names
• No action is required for clients with existing SIP/STP registrations as they will continue normally
• Clients seeking redemptions or SWP/switch-out/STP-out transactions may proceed without restriction

Important Dates

• May 05, 2026, 3:00 PM: Cutoff for accepting purchase/switch transactions at applicable NAV
• May 06, 2026: Effective date for suspension of fresh subscriptions and new SIP/STP registrations

Impact Assessment

The suspension affects investors seeking to make new investments in the following four Kotak Mahindra overseas equity FOF schemes:

1. Kotak Global Emerging Market Overseas Equity Omni FOF
2. Kotak Global Innovation Overseas Equity Omni FOF
3. Kotak International REIT Overseas Equity Omni FOF
4. Kotak Quality Overseas Equity Omni FOF

The impact is moderate and targeted. Existing unitholders are minimally affected since redemptions and ongoing SIP/STP instalments remain fully operational. New investors and those planning fresh lumpsum or switch-in investments are directly impacted and will need to wait for the suspension to be lifted. The suspension is likely linked to regulatory limits on overseas investments by Indian mutual funds, a recurring constraint affecting overseas FOF schemes.