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Motilal Oswal Mutual Fund introduces the first-ever Nifty 500 Momentum 50 Index Fund; check details
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3 min read | Updated on September 04, 2024, 18:08 IST
SUMMARY
Motilal Oswal Mutual Fund launched the Nifty 500 Momentum 50 Index Fund on September 4, 2024. This open-ended index fund aims to mirror the Nifty 500 Momentum 50 Total Return Index. With a minimum subscription of ₹500 and an exit load of 1% within 15 days, the NFO closes on September 18, 2024.
Motilal Oswal Mutual Fund introduces the first-ever Nifty 500 Momentum 50 Index Fund – here are the details
The Motilal Oswal Nifty 500 Momentum 50 Index Fund is an open-ended index fund launched on September 4, 2024, by Motilal Oswal Mutual Fund. The fund aims to replicate the performance of the Nifty 500 Momentum 50 Total Return Index. There is no guarantee of achieving the investment objectives. The minimum subscription amount is ₹500. The fund has an exit load of 1% if redeemed within 15 days of allotment, and nil thereafter. The new fund offer closes on September 18, 2024.
Objective of the Scheme: The investment objective of the Motilal Oswal Nifty 500 Momentum 50 Index Fund is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty 500 Momentum 50 Total Return Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved.
Risk-o-meter
Funds Allocation
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
|---|---|---|
| Constituents of Nifty 500 Momentum 50 Index | 95 | 100 |
| Units of Liquid schemes and Money Market instruments | 0 | 5 |
Who should invest in this fund?
This NFO of the Motilal Oswal Nifty 500 Momentum 50 Index Fund is suitable for investors who are seeking return that corresponds to the returns of the Nifty 500 Momentum 50 Total Return Index, subject to tracking error and long-term capital growth.
Benchmark
The performance of the Motilal Oswal Nifty 500 Momentum 50 Index Fund will be benchmarked to the performance of the Nifty 500 Momentum 50 Total Return Index.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | Returns (%) | YTD Ret (%) | Since Launch Ret (%) |
|---|---|---|---|---|---|
| UTI Nifty 200 Momentum 30 Index Fund | 7637.1 | 0.92 | 65.42 | 35.67 | 30.36 |
| Motilal Oswal Nifty 200 Momentum 30 Index | 765.87 | 1 | 64.92 | 35.28 | 27.68 |
| ICICI Pru Nifty 200 Momentum 30 Index | 397.46 | 0.99 | 64.23 | 35.15 | 38.53 |
| Kotak Nifty 200 Momentum 30 Index Fund | 295.29 | 0.9 | 64.2 | 35.77 | 56.88 |
| Bandhan Nifty 200 Momentum 30 Index Fund | 130.52 | 1.07 | 63.57 | 34.77 | 36.33 |
Who Manages the Scheme?
Swapnil Mayekar, Fund Manager
Swapnil has over 13 years of experience in fund management and product development. Motilal Oswal Asset Management Company Ltd. from March 2010 onwards Business Standard, Research Associate from August 2005 to February 2010.
Rakesh Shetty, Fund Manager – Debt Component
He has more than 14 years of overall experience and expertise in trading in equity, debt segment, Exchange Trade Fund management, Corporate Treasury and Banking. Before joining Motilal Oswal Asset Management Company Limited he worked with a company engaged in Capital Market Business.
Conclusion
The Motilal Oswal Nifty 500 Momentum 50 Index Fund is ideal for investors seeking long-term capital growth by replicating the performance of the Nifty 500 Momentum 50 Index, subject to tracking error.
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