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AMCs have been witnessing record inflows in their active equity funds through NFOs. In the most recent example, Aditya Birla Sun Life MF and Motilal Oswal MF received healthy inflows during the NFO.
While Aditya Birla Sun Life Quant Fund received Rs.2400 crore, Motilal Oswal Defence Fund raised Rs.1700 crore during the NFO period.
ABSL MF received application from 1.24 lakh investors. In a press release, A Balasubramanian, MD and CEO, ABSL MF attributes this to confidence of investors and distributors in their fund house. He said, “Their trust in our vision and commitment has been instrumental in this achievement. The investors and distributors are at the heart of our efforts and it is their confidence in our capabilities that inspires us to continually innovate and excel. This fund is aimed at leveraging the combined strengths of human expertise and quantitative models to provide investors with a differentiated investment solution. The fund is a unique and differentiated offering powered by tech and guided by wisdom.”
Similarly, MOSL MF attracted application from 2.48 lakh investors across 16,900 locations. Prateek Agrawal, MD & CEO, Motilal Oswal AMC said, “India’s strides towards Atmanirbharta (Self-Reliance) in defence is paving the way for significant growth and innovation. This fund is a testament of the faith that investors have in Motilal Oswal AMC’s products. This fund is poised to benefit from India's increasingly robust advancements in defence technology and infrastructure, and our investors will be an active part of India’s defence growth story.”
Pratik Oswal, Chief of Business Passive Funds, Motilal Oswal AMC said, “The NFO of Motilal Oswal Nifty India Defence Index Fund, marks a significant accomplishment in our journey of offering strategic investments, simplified products and being an enabler with greater reach and participation for investors. We are committed to staying ahead of the curve and delivering innovative solutions.”
