The document summarizes recent news in the mutual fund and financial markets. It reports that mutual fund platforms will soon be allowed to charge transaction fees. It also reports that Motilal Oswal Mutual Fund will open five international funds for subscription from January 2023 after temporarily suspending them. Finally, it provides an overview of performance in various stock market indices for the week.

1. Weekly
News
25th December 2022
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2. Snapshot
Mutual fund platforms
will soon get to charge
transaction fees
Motilal Oswal Mutual
Fund to open
international funds for
subscription from
January 2023
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SEBI Registered Investment Adviser (INA200006628)
Weekly Market News
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Other News
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DSP Nifty Bank ETF NFO opens on
Dec 26.

3. Weekly Market News
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SEBI Registered Investment Adviser (INA200006628)
Index % Change
Nifty 50 -2.53%
Nifty Midcap 150 -5.62%
Nifty Small Cap 250 -7.91%
Nifty IT -1.62%
Nifty Bank -3.59%
Nasdaq 100 -2.30%
S&P 500 -0.20%
Dow Jones 0.86%

4. DSP Nifty Bank ETF NFO opens on Dec 26.
 The New Fund Offer of DSP Nifty Bank ETF will be open for subscription from December
26 to December 28.
 This ETF offers investors an option to take a sectoral exposure to the banking sector.
 The Nifty Bank Index is composed of 78% private banks and 22% public banks.
 The index has outperformed the benchmark Nifty 50 in 15 out of 23 years. On a 10-year
basis, Nifty Bank Index has outperformed Nifty 50 98% of times.
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SEBI Registered Investment Adviser (INA200006628)

5. Mutual fund platforms will soon get to charge
transaction fees
 Mutual fund platforms will soon be allowed to charge investors or fund houses a fee for
executing transactions.
 Sebi has introduced a regulatory framework for an execution-only platform that offers direct
plans of mutual fund schemes.
 Several platforms like ETMoney, GROWW, Zerodha and Paytm offer direct plans to mutual
fund investors.
 Till now, these platforms did not charge investors and did not have any revenue mode as
they were not compensated either by the fund house or the investor. This is set to change
with the regulator given such platforms two options. They can either register and become an
agent of asset management companies or register as a stockbroker and become an agent of
the investor and earn a fee.
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SEBI Registered Investment Adviser (INA200006628)

6. Motilal Oswal Mutual Fund to open international funds
for subscription from January 2023
 Motilal Oswal Asset Management Ltd on Tuesday announced that it will withdraw
temporary suspension of subscriptions in five of its international funds from January 1,
2023.
 The AMC had issued an addendum dated November 22, 2022, allowing investments up to
Rs 2,00,000 per PAN, per calendar month in each of the schemes and continued with the
restrictions for the systematic investment options such as SIP, STP, etc. All these
restrictions will be lifted from January 2023.
 The five schemes that will be open for subscription from January 1 are:
1. Motilal Oswal S&P 500 Index Fund.
2. Motilal Oswal NASDAQ 100 ETF.
3. Motilal Oswal NASDAQ 100 Fund of Fund.
4. Motilal Oswal MSCI EAFE Top 100 Select Index Fund.
5. Motilal Oswal NASDAQ Q 50 ETF.
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SEBI Registered Investment Adviser (INA200006628)

7. Other News
 China's COVID-19 surge raises odds of new coronavirus mutant.
 The Indian junior archers reigned supreme in the Asia Cup Stage III by returning with nine
medals, including five gold held on Sunday.
 Foreign aid groups on Sunday suspended their operations in Afghanistan following a
decision by the country's Taliban rulers to ban women from working at international and
local non-governmental organizations.
 The Karnataka government is expected to decide on preventive measures and guidelines
on Monday in view of the spike in Covid-19 cases in several regions of the world and
cases of Omicron subvariant BF.7 discovered in the country.
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SEBI Registered Investment Adviser (INA200006628)

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