The passive mutual fund (MF) space is seeing a spurt in action as fund houses are opting for the index fund route to launch differentiated offerings. After Mirae Asset MF and Tata MF, Motilal Oswal MF is gearing up to launch a set of 'industry first' index funds.
The fund house has sought the Securities and Exchange Board of India's (Sebi) approval for four index funds, which will track the sectoral mid- and smallcap Nifty indices like the MidSmall Financial Services Index, MidSmall Healthcare Index, Nifty MidSmall IT and Telecom Index and MidSmall India Consumption Index.
