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Motilal Oswal Mutual Fund has collected over Rs.1350 crore during the NFO of Motilal Oswal Small Cap Fund, an open-ended equity scheme investing at least 65% of its total corpus in small cap companies.
This is the highest-ever collection for any small-cap fund NFO, claims the fund house.
In a press release, Navin Agarwal, Executive MD and CEO, Motilal Oswal MF, said, “We are thrilled with the remarkable success of our small cap fund’s NFO collection. The subscription number is a testimony of investors’ confidence in Motilal Oswal’s investing process that seeks to build high-quality, high-growth portfolios. Motilal Oswal Small Cap fund seeks to apply this time-tested investing process to create a portfolio of predominantly small-cap stocks. Risk management plays a crucial role for investing in small caps and our rigorous framework will help us mitigate the volatility associated with small caps.”
Akhil Chaturvedi, CBO, Motilal Oswal MF, said, “Our Small-cap NFO’s unprecedented and staggering collection is a testimony to our team's resilience, investors’ trust and support of our MFD network and other platforms.”
