Motilal Oswal MF launches Motilal Oswal Nifty 500 Momentum 50 Index Fund

One equity mutual fund scheme that Motilal Oswal Mutual Fund introduced is called Motilal Oswal Nifty 500 Index Fund Direct Growth. Investors were able to access this scheme on December 29, 2009. The current fund manager of the Motilal Oswal Nifty 500 Index Fund Direct-Growth fund is Swapnil P. Mayekar. The fund’s latest net asset value (NAV) as of September 3, 2024, is Rs. 27.35. Its asset under management (AUM) is currently Rs. 61,382 crore. The risk rating for the Motilal Oswal Nifty 500 Index Fund Direct-Growth is moderately high. The SIP Investment Minimum is  Rs. 500. A Rs. 500 lump sum investment is the minimum. 1% exit load if redeemed in 15 days or less.

Everything about Motilal Oswal Mutual Fund’s most recent NFO:

Motilal Oswal Mutual Fund has launched a new open-ended Ended Growth scheme named “Motilal Oswal Nifty 500 Momentum 50 Index Fund” with a maturity period of 0 days from the launch date. The scheme’s New Fund Offer (NFO) will be available for subscription from September 4 to September 18, 2024, with a price per unit of Rs 10.00.

The offer document submitted to SEBI states that there is a zero entry load and a one exit load. The mctubjihtvenreleentjfchi

inimum application fee is Rs 500.00, with additional fees in multiples of Rs 1. The options available under the plan of the scheme are Growth.

The scheme’s investment goal is to generate returns that, before costs, match the total returns of the securities represented by the Nifty 500 Momentum 50 Total Return Index, with the possibility of tracking errors. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved. Refunds are subject to 20% tax if they are redeemed within a year. Returns that exceed Rs 1.25 lakh in a fiscal year are subject to 12.5% tax if they are redeemed after a year.

Conclusion: The newly launched NFO by Motilal Oswal Mutual Fund carries a moderate to high risk; therefore, investors should evaluate the fund manager’s past performance before investing.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.