Motilal Oswal Asset Management Mutual Fund has launched Motilal Oswal NASDAQ Q 50 ETF. The investment objective of the scheme is to generate long term capital appreciation by investing in securities of NASDAQ Q-50 Index subject to tracking error. The new fund offer will remain open from 10 to 17 December 2021.
| Good to know What is an ETF? An exchange-traded fund (ETF) is a type of security that tracks an index, sector, commodity or other assets But unlike a regular mutual fund, it can be purchased and sold on the stock exchange like any stock. It combines the features and potential benefits of stocks, bonds and mutual funds. Like individual stocks, ETFs can be traded throughout the day at real-time prices that change based on supply and demand. |
Investment objective
The fund’s investment strategy involves offering investment returns that are similar to the NASDAQ Q-50 index before fees and expenses, subject to forex movements and tracking error. The scheme aims to invest primarily in the constituents of NASDAQ Q-50 index. The scheme would also invest in units of liquid/ debt schemes, debt and money market instruments, and international equity ETF (VictoryShares NASDAQ Next 50 ETF).
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Allocation strategy
| Market capitalisation | Allocation (%) | |
| Minimum | Maximum | |
| Equity and equity-related securities of NASDAQ Q-50 index | 95 | 100 |
| Liquid/debt schemes, debt and money market instruments/international equity ETF (VictoryShares NASDAQ Next 50 ETF) | 0 | 5 |
Scheme details
| Name | Motilal Oswal Asset Management Mutual Fund |
| Type | An open-ended scheme replicating/tracking NASDAQ Q-50 TRI |
| Category | Equity and debt |
| Benchmark | NASDAQ Q-50 Total Return Index |
| Entry/exit load | Entry load: Nil Exit load: Nil |
| Fund manager | Mr. Ankush Sood Mr. Abhiroop Mukherjee |
| Minimum application amount | During NFO: ₹500/- and in multiples of ₹1/- thereafter.
Ongoing basis: On exchange: Investors can buy/sell units of the scheme in round lot of 1 unit and in multiples thereof. Directly with the mutual fund: Investors can buy/sell units of the scheme in creation unit size. |
| Expense ratio | Upto 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
| - Return that corresponds generally to the performance of the NASDAQ Q-50 TR Index subject to tracking error and forex movement. - Long term capital growth |
*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Motilal Oswal Asset Management Mutual Fund. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme-related documents carefully.