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Motilal Oswal Mutual Fund has launched an index fund focussing on microcap segment - Motilal Oswal Nifty Microcap 250 Index Fund.
The open-ended fund will track performance of Nifty Microcap 250 TRI. The index comprises companies beyond Nifty 500 constituents. The index is well-diversified across sectors like Industrials, consumer discretionary, commodities and healthcare.
Navin Agarwal, MD & CEO, Motilal Oswal MF said, “We offer investors a natural extension of the Motilal Oswal Nifty 500 Index Fund, complementing our existing range of broad-based index funds.”
Pratik Oswal, Head of Passive Funds, Motilal Oswal MF said, “With the fund, we lead the charge in unlocking the untapped potential and opportunities of this distinctive investment category. We believe that the segment holds immense potential and unique investment opportunities that have been overlooked by many in the industry.”
Pratik further said, “Microcaps have compelling track record of delivering higher returns compared to its counterparts, albeit at a higher risk. Investors are encouraged to consult their financial advisors, a prudent allocation of 5-10% to this fund may help enhance overall portfolio returns.”
