Motilal Oswal Mutual Fund is launching its new fund named Motilal Oswal Nifty Bank Index Fund. It is an exchange-traded fund which will follow the Nifty Bank Index TRI. The Motilal Oswal Nifty Bank Index Fund is being launched in the NFO (New Fund Offer) from 19th August 2019 to 30th August 2019.
Motilal Oswal Mutual Fund is sponsored by Motilal Oswal Securities Limited. As on 30th June 2019, the total Asset Under Management (AUM) of the company stands at Rs 19,640.11 crores.
Motilal Oswal Nifty Bank Index Fund – NFO Details
| Offer Type | NFO (New Fund Offer) |
|---|---|
| Fund Name | Motilal Oswal Nifty Bank Index Fund |
| Fund House | Motilal Oswal Mutual Fund |
| Scheme Type | Open-Ended |
| Scheme Category | ETF or, Exchange-Traded Fund |
| NFO Starts | 19th August 2019 |
| NFO Ends | 30th August 2019 |
| Plans | Regular, Direct |
| Option(s) | Growth |
| NFO Unit Price | Rs 10 Per Unit |
| Minimum Investment | Rs 500 |
| Entry Load | Not Applicable |
| Exit Load | 1%- If redeemed on or before 3 months from the date of allotment. Nil- If redeemed after 3 months from the date of allotment. |
| AMC | Motilal Oswal Asset Management Company Limited |
| Fund Manager | Mr. Swapnil Mayekar |
| AMC Address |
10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Website: www.motilaloswalmf.com |
Motilal Oswal MF NFO – Scheme Features
- This is an open-ended scheme which replicates / tracks the Nifty Bank Index.
- The investment objective of this scheme is to generate a return that corresponds to the performance of Nifty Bank Index subject to tracking error.
- As a benchamrk, it follows Nifty Bank Index TRI.
Asset Allocation Scheme of this Upcoming NFO
Imoprtant Documents of this Upcoming NFO
Please go through the Scheme Information Document (SID) of this upcoming NFO (New Fund Offer).
Who Can Invest?
Resident adult individuals, either singly or jointly (not exceeding three) or on anyone or Survivor basis.
- Minors through Parents/Lawful Guardian.
- Hindu Undivided Family (HUF) through its Karta.
- Partnership Firms in the name of any one of the partner.
- Proprietorship in the name of the sole proprietor.
- Companies, Body Corporate, Societies, (including registered cooperative societies), Association of Persons, Body of Individuals, Clubs and Public Sector Undertakings registered in India if authorized and permitted to invest under applicable laws and regulations.
- Banks (including co-operative Banks and Regional Rural Banks), Financial Institutions.
- Mutual Fund schemes registered with SEBI.
- Non-Resident Indians (NRIs) / Persons of Indian Origin (PIOs) residing abroad on repatriation basis and on non-repatriation basis. NRIs and PIOs who are residents of U.S. and Canada cannot invest in the Schemes of MOMF.
- Foreign Institutional Investors (FII) registered with SEBI on repatriation basis (subject to RBI approval) and Foreign Portfolio Investor (FPI)
- Charitable or Religious Trusts, Wakf Boards or endowments of private trusts (subject to receipt of necessary approvals as “Public securities” as required) and private trusts authorized to invest in
units of Mutual Fund schemes under their trust deeds. - Others (Please refer to the SID)
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
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Tags: #Mutual Funds #Investment #ETF #Upcoming NFO #Motilal Oswal Mutual Fund
