Motilal Oswal Mutual Fund has launched two passive funds – Motilal Oswal Nifty 50 Index Fund and Motilal Oswal Nifty Next 50 Index Fund, said the company press release.
Aashish Somaiyaa, MD & CEO, Motilal Oswal AMC said, “These launches are in continuation of our recent efforts to retailize passive investing through investor friendly open ended index fund formats with ability to size at a bite size as low as Rs 500. We have received enthusiastic response to our index fund launches as they have gained prominence amongst digitally savvy DIY investors as well as advisors who take low cost tools for asset allocation and financial planning very seriously.”
Swapnil Mayekar is the fund manager of these funds.
