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Motilal Oswal Mutual Fund has filed draft documents with Sebi for five funds: Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall IT and Telecom Index Fund, Nifty MidSmall India Consumption Index Fund, and Quant Fund.

Motilal Oswal Nifty MidSmall Financial Services Index Fund

Motilal Oswal Nifty MidSmall Financial Services Index Fund will be an open-ended fund replicating/tracking the Nifty MidSmall Financial Services Total Return Index. The investment objective of the scheme will be to provide returns that, before expenses, correspond to the total returns of the securities as represented by the Nifty MidSmall Financial Services Total Return Index, subject to tracking error.The scheme will be benchmarked against Nifty MidSmall Financial Services Total Return Index. The scheme will be managed by Swapnil Mayekar, Rakesh Shetty.

The scheme will offer regular and direct plans both with growth options.

The scheme will invest 95-100% in constituents of Nifty MidSmall Financial Services Total Return Index and 0-5% in units of liquid schemes and money market instruments.

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Motilal Oswal Nifty MidSmall Healthcare Index Fund

Motilal Oswal Nifty MidSmall Healthcare Index Fund will be an open-ended fund replicating/tracking the Nifty MidSmall Healthcare Total Return Index.The scheme will be benchmarked against Nifty MidSmall Healthcare Total Return Index. The scheme will be managed by Swapnil Mayekar, Rakesh Shetty.

The Scheme follows a passive investment strategy and seeks to invest in the constituents of Motilal Oswal Nifty MidSmall Healthcare Index Fund. The scheme aims to achieve returns equivalent to the benchmark subject to tracking error. The scheme would also invest in units of liquid/ debt schemes, debt and money market instruments as stated in the asset allocation table.

Motilal Oswal Nifty MidSmall IT and Telecom Index Fund

Motilal Oswal Nifty MidSmall IT and Telecom Index Fund will be an open-ended fund replicating/tracking the Nifty MidSmall IT and Telecom Total Return Index. The investment objective of the scheme will be to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty MidSmall IT and Telecom Total Return Index, subject to tracking error.

The scheme will be benchmarked against Nifty MidSmall IT and Telecom Total Return Index.

The scheme will be managed by Swapnil Mayekar, Rakesh Shetty.

Motilal Oswal Nifty MidSmall India Consumption Index Fund

Motilal Oswal Nifty MidSmall India Consumption Index Fund will be an open-ended fund replicating/tracking the Nifty MidSmall India Consumption Total Return Index.

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 MidSmall India Consumption Total Return Index, subject to tracking error.

The scheme will be benchmarked against the Nifty MidSmall India Consumption Total Return Index.

The scheme will invest 95-100% in Constituents of the Nifty MidSmall India Consumption Index and 0-5% in units of liquid schemes and money market instruments.

The scheme follows a passive investment strategy and seeks to invest in the constituents of Motilal Oswal Nifty MidSmall India Consumption Index Fund. The scheme aims to achieve returns equivalent to the benchmark subject to tracking error. The scheme would also invest in units of liquid/ debt schemes, debt and money market instruments as stated in the asset allocation table.

Also Read | MFs kept less cash in pocket in March after 2 months of hoarding

Motilal Oswal Quant Fund

Motilal Oswal Quant Fund will be an open-ended equity scheme investing based on a quant investment framework.

The investment objective of the scheme is to generate medium to long-term capital appreciation by investing in equity and equity related instruments selected based on a proprietary quantitative investment framework. The scheme will be benchmarked against the NIFTY 500 Index TRI.

The scheme will offer both regular and direct plans both with growth and IDCW options.

The scheme will invest 80-100% in equity and equity-related instruments, 0-20% in units of liquid fund and money market instruments (including cash and cash equivalents).

The stocks will be selected on Hockey-Stick Return (HSR) investment strategy. HSR refers to a sharp and sustained rise in the price of a stock. This leads to a hockey-stick formation of the price chart, translating into returns for the stockholders. The scheme will be managed by Ajay Khandelwal and Rakesh Shetty.

The minimum application amount for all these schemes will be Rs 500 and in multiples of Re 1 thereafter. The minimum application amount for monthly SIP in all these schemes will be Rs 500 and in multiples of Re 1 thereafter with a minimum of 12 installments.

  • Published On Apr 16, 2024 at 05:10 PM IST

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