Publish Date:
Motilal Oswal Mutual Fund has launched – Motilal Oswal Nifty Microcap 250 Index Fund
It is an open-ended fund replicating / tracking the Nifty Microcap 250 Total Return Index.
Accordingly, the investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty Microcap 250 Total Return 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, Motilal Oswal Nifty Microcap 250 Index Fund will hold an allocation of 95% to 100% of its assets in Constituents of Nifty Microcap 250 Index, and 0% to 5% in Units of liquid schemes and/or money market instruments.
As per the Scheme Information Document, Motilal Oswal Nifty Microcap 250 Index Fund aims to invest in the constituent of Nifty Microcap 250 Total Return Index, subject to tracking errors. The investment strategy would be Passive in nature offering investment returns that are similar to the total returns of Nifty Microcap 250 Total Return Index before fees / expense and subject to tracking error.
Motilal Oswal Nifty Microcap 250 Index Fund’s performance will be benchmarked against Nifty Microcap 250 Total Return Index.
The scheme will be managed by Mr Swapnil Mayekar
The NFO opens for subscription on June 15, 2023 and closes on June 29, 2023. The schemes will reopen for continuous sale and repurchase within 5 business days from the date of allotment.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500/- and in multiples of Re 1/- thereafter.
The scheme offers Regular Plan and Direct Plan each plan offers Growth option only.