Nippon Life India Asset Management Company (AMC) has informed that pursuant to AMFI’s earlier communication dated January 30, 2022 as advised by SEBI and in line with Notice cum Addendum No. 106 dated January 31, 2022, in order to avoid breach of industry-wide overseas limits as allowed by RBI, lump sum subscription, switch-ins and fresh registration of SIP/STP or such other special product under the certain NIMF Schemes which invest in overseas securities were suspended with effect from February 2, 2022. In this regard, SEBI through its letter no. SEBI/HO/OW/IMD-II/DOF3/P/25095/2022 dated June 17, 2022 has advised AMFI that Mutual Fund schemes may resume subscriptions and make investments in overseas funds /securities up to the headroom available without breaching the overseas investment limits as of EOD of February 1, 2022 at Mutual Fund level. Accordingly, AMC proposed to resume subscription through lump sum, switch-ins and fresh registration of SIP/STP or such other special product under the following NIMF Schemes, with effective from June 22, 2022: Nippon India US Equity Opportunities Fund, Nippon India Japan Equity Fund, Nippon India Taiwan Equity Fund, Nippon India Multi Asset Fund, and Nippon India ETF Hang Seng BeES. The total utilization of the overseas investment limit shall remain capped at the amount as of EOD of February 01, 2022 in order to ensure compliance with the SEBI directive.
This addendum forms an integral part of Scheme Information Document and Key Information Memorandum of the above mentioned Scheme(s) of Nippon India Mutual Fund and all the other terms and conditions of the aforesaid document read with the addenda issued from time to time will remain unchanged.