With reference to our Notice No. 20200401-22, MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from Nippon India Mutual Fund regarding limit the subscription under Nippon India Small Cap Fund with effect from July 07, 2023 on BSE StAR MF platform.
Further, as intimated by Nippon India AMC limitation on subscription of units under Nippon India Small Cap Fund has been set at RTA/AMC end in the following manner.
- Fresh/ additional subscriptions/switch-ins shall not be allowed/ accepted till further notice, from the effective date.
- Fresh registrations through Systematic Investment Plan (“SIP”) or Systematic Transfer Plan (“STP”) shall continue with a limit of Rs. 5 lakhs per day per PAN.
Members are hereby advised to adhere above points for investment under Nippon India Small Cap Fund to avoid rejections & refund payout to clients.
Also, as confirm by Nippon India AMC, the existing systematic registrations (SIP’s & STP’s registered) on BSE StAR MF Platform prior to the effective date under aforesaid scheme will continue to get process at AMC/RTA end.
The notice cum addendum issued by Nippon India AMC is attached.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Dy. General Manager – Mutual Funds
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