Motilal Oswal AMC Introduced Nifty India Defence index. India's Index Fund Investing in Defence Stocks.

Economy Business

Motilal Oswal Mutual Fund is set to introduce the Motilal Oswal Nifty India Defence Index Fund, an open-ended fund designed to mirror the total returns of the Nifty India Defence Index. The new fund offer (NFO) for this scheme will be open for subscription from June 13 until June 24. The fund's investment objective is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the Nifty India Defence Total Return Index, subject to tracking error. Its performance will be measured against the Nifty India Defence Total Return Index and will be overseen by Swapnil Mayekar and Rakesh Shetty.


      The Motilal Oswal Nifty India Defence Index Fund requires a minimum application amount of Rs 500, with subsequent investments allowed in multiples of Re 1.

      This scheme caters to investors aiming for returns aligned with the performance of the Nifty India Defence Total Return Index, with consideration for tracking error, and those pursuing long-term capital growth.\

     

 

     


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