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MF News
Motilal Oswal Mutual Fund files for five new funds
17-Apr-24   10:56 Hrs IST
Motilal Oswal Mutual Fund has submitted draft documents with SEBI for five new mutual fund schemes, catering to a range of investor risk appetites and sector preferences.

* Index Funds:

* Motilal Oswal Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall IT and Telecom Index Fund, and Nifty MidSmall India Consumption Index Fund will all track their respective Nifty MidSmall indices, aiming to mirror their performance. These funds offer exposure to the mid- and small-cap segment in specific sectors like financial services, healthcare, IT & telecom, and consumption.

* Actively Managed Fund:

* Motilal Oswal Quant Fund employs a quantitative (quant) investment strategy to select stocks. This actively managed fund seeks medium to long-term capital appreciation by investing in equity and equity-related instruments. The fund's performance will be benchmarked against the NIFTY 500 Index TRI.

All the new fund offerings will provide investors with the option to choose between regular and direct plans, with growth options available in both. The minimum investment amount and minimum SIP investment amount have been set at Rs 500 and multiples of Re 1 thereafter.

Further details regarding the weightage allocation and specific investment strategies for the index funds are likely to be disclosed in the final offer documents.

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