Motilal Oswal Mutual Fund has launched 4 index funds - Motilal Oswal Midcap 150 Index Fund, Motilal Oswal Nifty 500 Index Fund, Motilal Oswal Nifty Bank Index Fund and Motilal Oswal Nifty Small-cap 250 Index Fund.
The NFO for all these funds opens on August 19 and closes on August 30.
In a press release, Aashish Somaiyaa, MD & CEO, Motilal Oswal MF said, “Given that a platform like paytm Money is enabling the entry of millions of first investors into the equity MF space and the young generation in India has seems to have a liking for digital and DIY, this is our attempt to bring simplicity to participation with open ended index funds taking Rs. 500 lumpsum or SIP. All discussions on index funds and passives start and end with long debates on alpha – while that is a criteria for experienced investors we need to think a lot more about new entrants – digital DIY trends demand simplicity and regulatory trends demand cheaper products enabling easy fund selection for building blocks, asset allocation and financial planning.”
