Business
Kotak Mutual Fund temporarily suspends subscriptions in its 4 international funds
The fund house said that acceptance of fresh or additional lump sum or switch-in transactions, and fresh SIP or STP registrations in these schemes, will be discontinued with effect from April 30, 2026, while permitting fresh or additional lump sum or switch-ins or registration of SIP or STP up to Rs 1 lakh per PAN per month in the respective schemes.
Also Read | International funds deliver up to 50% returns in a year, subscriptions halted. Should investors book profits or stay invested?
The unitholders were informed about these changes through a notice-cum-addendum. The notice-cum-addendum also said that all purchase or switch transactions of the schemes timestamped on or before 3.00 pm on April 29, 2026, shall be accepted and processed at applicable NAV. However, instalments falling due under existing SIP or STP registered prior to the effective date will be processed under respective Plans or Options of the schemes at applicable NAV.
As of March 2026, Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, Kotak International REIT Overseas Equity Omni FOF, and Kotak Quality Overseas Equity Omni FOF had an AUM of Rs 935 crore, Rs 604 crore, Rs 98 crore, and Rs 58.02 crore, respectively.
These four international funds are managed by Arjun Khanna. In the last one year, Kotak Global Emerging Market Overseas Equity Omni FOF, Kotak Global Innovation Overseas Equity Omni FOF, and Kotak International REIT Overseas Equity Omni FOF gave returns of 65.96%, 43.51%, and 20.74%, respectively.
Kotak Quality Overseas Equity Omni FOF was launched on March 25, 2026, and has delivered a 5.12% return since inception.
Also Read | Best mutual fund SIP portfolios to invest in May 2026
Apart from these four international funds, Kotak Mutual Fund manages one more international fund, Kotak US Specific Equity Passive FoF, which is also managed by Arjun Khanna and has delivered a 56.20% return since its inception on February 2, 2021.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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World War II veteran Charles Cram, who witnessed the iconic flag raising at Iwo Jima, is recognized at Disneyland’s Flag Retreat as family looks on. (Disney Experiences)
Disneyland visitors will experience a handful of closures this summer as popular rides and shows at the California park temporarily shut down for refurbishment.
Two attractions — Pixie Hollow and the well-loved “Fantasmic” show — will have limited operations in May, according to the Disneyland website.
The changes come as other fan favorites are also temporarily closed or scheduled to shut down.
Pirates of the Caribbean is set to close Monday, May 4, and is not expected to reopen until early June, the Orange County Register reported.
DISNEY WORLD REVIVES ‘LADIES AND GENTLEMEN’ GREETING AFTER YEARS OF GENDER-NEUTRAL MESSAGES
Sleeping Beauty Castle at Disneyland on May 17, 2025, in Anaheim, California. (AaronP/Bauer-Griffin/GC Images / Getty Images)
The Blue Bayou restaurant, located inside the Pirates of the Caribbean attraction, will be closed from May 4 through May 20, according to Undercover Tourist.
Pixie Hollow will remain open through June 7 but will be closed on Tuesdays and Thursdays.
The “Fantasmic” show will not run on select days throughout May but is scheduled to resume daily performances beginning May 22.
SIX FLAGS TO SELL 7 AMUSEMENT PARKS IN DEAL WORTH MORE THAN $330M
The “Pirates of the Caribbean” ride at Disneyland in California. The popular attraction is scheduled to close temporarily for refurbishment. (Jeff Gritchen/MediaNews Group/Orange County Register via Getty Images / Getty Images)
Several other rides — including Buzz Lightyear Astro Blasters, Silly Symphony Swings and Inside Out Emotional Whirlwind — are also temporarily closed and expected to reopen in June.
At the same time, some attractions have recently reopened after extended closures, including the Disneyland Monorail, Davy Crockett’s Explorer Canoes and Roger Rabbit’s Car Toon Spin.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIS | THE WALT DISNEY CO. | 103.08 | -0.67 | -0.65% |
When reached for comment, a Disneyland official told FOX Business that refurbishments are a routine part of the upkeep of attractions, and teams aim to schedule them throughout the year in a way that limits disruption for guests.
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A look at Main Street U.S.A. inside Disneyland Park on May 14, 2025. (Pilar Arias / Fox News)
Daily park closures are listed on the Disneyland website.
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