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Motilal Oswal MF has launched Motilal Oswal Nifty Capital Market Index Fund.
The underlying fund i.e. Nifty Capital Market Index invest in companies that offer products and services in capital markets like RTAs, broking companies, depositories and so on. Currently, it comprises 15 companies.
The company said that the number of demat accounts has surged at an annualized rate of 29% CAGR, reaching 17.5 crore accounts as of September 2024 while monthly SIP inflows have soared from Rs.3,700 crore in 2016 to over Rs.24,500 crore in 2024.
Pratik Oswal, Chief of Business Passive Funds, Motilal Oswal AMC said, “Technological and operational ease with on-the-go investment, T+1 settlement time, UPI & IMPS based transfer on real-time basis has boosted investor participation. In 2024, India will be leading in IPO issuances, with $8 billion raised between FY 19 and FY 24 and the investment through mutual funds, PMS, & AIF is also rising at 21% per annum.”
Oswal further added, “With the IPOs expected to come in the upcoming years, more companies will be added to the index.”
