Publish Date:
Motilal Oswal Mutual Fund has launched a new scheme - Motilal Oswal Nifty 200 Momentum 30 Index Fund.
It is a passively managed open-ended fund replicating/tracking the Nifty 200 Momentum 30 Total Return Index (TRI).
Accordingly, the investment objective of the scheme is to provide returns that, before expenses, closely correspond to the performance of Nifty 200 Momentum 30 Index (the underlying index), subject to tracking error.
However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Under normal circumstances the scheme will invest at 95% to 100% of the funds' portfolio will be invested in Constituents of Nifty 200 Momentum 30 Total Return Index.
It can invest up to 5% of its assets in Units of Liquid schemes/debt schemes, debt, and/or money market instruments.
As per the Scheme Information Document, Motilal Oswal Nifty 200 Momentum 30 Index Fund would invest in the securities comprising the Nifty 200 Momentum 30 Total Return Index in the same proportion (weights) as in the index and track the benchmark index. The scheme may also invest in the money market instruments, in compliance with regulation to meet liquidity requirements
Motilal Oswal Nifty 200 Momentum 30 Index Fund will follow a passive investment strategy and seek to invest in the constituent of Nifty 200 Momentum 30 Index. The scheme aims to achieve returns equivalent to the benchmark subject to tracking error.
The scheme would also invest in units of Liquid schemes/ debt schemes and/or money market instruments as stated in the asset allocation table.
The scheme’s performance will be benchmarked against the Nifty 200 Momentum 30 Total Return Index (TRI).
It will be managed by Mr Swapnil Mayekar, and Mr Abhiroop Mukherjee (Debt Component).
The NFO opens for subscription on January 21, 2022 and closes on February 04, 2022. The scheme will reopen for continuous Sale and Repurchase Within five Business Days from the date of allotment.
The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The fund offers Regular Plan and Direct Plan having Growth options.
The units are proposed to be listed on Stock Exchange to provide liquidity through a secondary market. The units of the Scheme can be bought/sold on all trading days on the National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE) where the Scheme is proposed to be listed.