Motilal Oswal AMC launches Motilal Oswal MSCI EAFE Top 100 Select Index Fund

Motilal Oswal Asset Management Company (MOAMC) has announced launch of its international offering – Motilal Oswal MSCI EAFE Top 100 Select Index Fund. MOAMC says, "This first-of-its-kind fund provides investors exposure to top 10 countries (“EAFE10”) based on their weight in MSCI EAFE (Europe, Australia & Far East) Index. MSCI EAFE Index is designed to represent performance of 21 developed markets across Europe, Australasia and Far East excluding US and Canada."

The NFO will be open on November 15, 2021 and close on November 25, 2021.

The minimum application amount during NFO is Rs.500 and in multiples of INR 1/- thereafter. 

The Debt portion of the fund will be managed by Abhiroop Mukherjee & Foreign Securities by Ankush Sood.

Further, MOAMC in a statement adds, "Indian investors have traditionally taken exposure to only domestic markets. With such a narrow focus, investor tends to lose out on the Global large opportunity set. Even while diversifying internationally, US takes the prominence all across.  MOAMC was the first one to offer Nasdaq 100 based ETF and S&P 500 based Index Fund in India. Similarly, this time MOAMC comes up with 1st ever Index fund for other Developed markets - Motilal Oswal MSCI EAFE Top 100 Select Index Fund. Diversifying your portfolio across different geographies can help reduce volatility as compared to Indian Equities."

Commenting on the launch, Navin Agarwal, MD & CEO, Motilal Oswal Asset Management Company Ltd, said, “This Fund is another attempt to help our investors create a well-diversified portfolio from global assets. Motilal Oswal MSCI EAFE Top 100 Select Index Fund provides investors a different basket of investing where they could access markets outside U.S. which provide diversification benefit due to different return drivers. The Fund will be suitable for investors looking to diversify their portfolio across different geographies which can be used as diversification tool in to hedge volatility in Indian Equities."

“The fund targets to give exposure to renowned global brands present across developed markets excluding US & Canada.” said Pratik Oswal, Head of Passive Funds, Motilal Oswal Asset Management Company Ltd.