Motilal Oswal Mutual Fund Set to Launch 4 NFOs this Week; Know Subscription Dates and Key Details
Motilal Oswal Mutual Fund is launching four index fund NFOs this week, opening up new opportunities for investors to invest in passively managed funds that track market indices. Index funds have become popular among investors seeking market-linked returns with a diversified approach.
The purpose of launching index fund NFOs is to provide investors with an opportunity to invest in new strategies, market segments, or asset classes. Investors subscribe during a specific time, and once the NFOs close, they cannot exit or enter until the scheme reopens. Here is an overview of each NFO and important details.
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
This open-ended index fund aims to replicate or track the performance of the Nifty MidSmall IT and Telecom Total Return Index. The scheme is benchmarked against the Nifty MidSmall IT and Telecom Total Return Index, providing investors with exposure to the mid and small-cap segments of the IT and telecom sectors.
Motilal Oswal Nifty MidSmall Financial Services Index Fund
This index fund is an open-ended scheme that focuses on replicating or tracking the Nifty MidSmall Financial Services Total Return Index. The performance of this fund will be benchmarked against this index, offering investors exposure to the mid and small-cap segments of the financial services sectors.
Motilal Oswal Nifty MidSmall Healthcare Index Fund
This fund is also an open-ended fund that aims to replicate or track the Nifty MidSmall Healthcare Total Return Index. The performance of this fund will be benchmarked against the Nifty MidSmall Healthcare Total Return Index.
Motilal Oswal Nifty MidSmall India Consumption Index Fund
This index fund is an open-ended scheme that is designed to replicate or track the Nifty MidSmall India Consumption Total Return Index. The fund will be benchmarked against this index, which provides investors with exposure to the mid and small-cap segments of the Indian consumption sector.
Important Details
The subscription of these four NFOs is going to open on October 29, 2024, and will be closing on November 6, 2024.
The scheme will be reopened for repurchase and continuous sale starting November 19, 2024.
For investing in SIP and Lump-sum mutual funds, the minimum application amount is Rs.500 with subsequent investments in multiples of Re. 1 for these four schemes. these schemes will be managed by Rakesh Shetty and Swaplin Mayekar, Fund Managers of Motilal Oswal Mutual Fund.
