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Motilal Oswal Mutual Fund has launched Motilal Oswal Large Cap Fund, an open-ended equity scheme that will invest in equity and equity-related instruments of large-cap companies.
The fund will invest 80% of its corpus in Nifty 100 large-cap stocks and 20% in other opportunities like small cap, mid cap, IPOs, pre-IPOs and foreign equity.
In a press release, Navin Agarwal, MD and CEO, Motilal Oswal MF said, “Given the improving strength in our economy and businesses, there's a potential resurgence of foreign institutional investors (FIIs) returning to India. Historically, a significant portion of FIIs' allocation gravitates towards large cap. Considering the currently attractive valuations in the large-cap segment, we believe it's an opportune moment to step into the large-cap space to capitalize on the potential upside.”
Atul Mehra, Equity Fund Manager, Motilal Oswal MF and the fund manager of the scheme said, “Indian large caps often mirror mid and small caps in the global context, presenting a growth canvas for savvy investors. Today, Indian large caps boast the apex of quality with soaring RoE, robust PAT, and impressive Sales figures.”
