Motilal Oswal AMC has launched an international fund, Motilal Oswal India Fund (MOIF). This fund will allow global institutional investors to invest in Indian equity markets. The fund has received seed investments from offshore clients.
In a press release, Raamdeo Agrawal, Chairman of Motilal AMC said, “There are trillions of dollars of global savings staring at zero percent yields. The Indian capital market is a very attractive destination for such savings. India continues to grow at 7-8% per annum, and the government is unleashing a whole new generation of reforms aimed at ease of doing business in India. Amidst all this, corporate earnings growth is likely to resume, which will ensure that Indian stock markets remain buoyant going forward.”
MOIF is an offshore domiciled Long Only India Equity Strategy providing access to foreign institutional investors to participate in focused themes that are a part of India’s Next Trillion Dollar (NTD) GDP opportunity, says the press release issued by the company.
