News From Press Motilal Oswal Nifty Microcap 250 Index Fund garners Rs 120 crore during NFO period

Motilal Oswal Nifty Microcap 250 Index Fund garners Rs 120 crore during NFO period

Source: Money Control Jul 8, 2023

Motilal Oswal Nifty Microcap 250 Index, which is India’s first passive scheme specifically focussed on this market-cap category, has collected more than Rs 120 crore during its new fund offer (NFO) period from more than 26,000 investors.

The NFO period of the scheme commenced on June 15 and closed on June 29. The fund managers to the scheme are Swapnil Mayekar and Rakesh Shetty (for debt component).

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