Insights

Temporary suspension of subscriptions in ” Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund & Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund

April 8, 2024 . FundsIndia Desk

Investors are kindly requested to take note that, as per SEBI’s advisory email dated March 19, 2024, actions are being taken to prevent breaches of industry-wide overseas limits permitted by the RBI and outlined in clause 12.19 of SEBI Master Circular dated May 19, 2023. Consequently, lump sum subscriptions, switch-ins, new systematic registrations, and existing registered Systematic Investment Plans (SIPs)/Systematic Transfer Plans (STPs) will be temporarily suspended in the following schemes of MAMF from April 01, 2024 onwards:

  • Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund
  • Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund

For more details, read the addendum.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.