Motilal Oswal Mutual Fund (MOMF) has launched its latest new fund offer (NFO) ‘Motilal Oswal Nifty Capital Market Index Fund’ on Tuesday, November 26 according to a statement.

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This fund will be offering exposure to the growth potential of stocks listed under the capital market theme in India. The index comprises 15 companies which also forms a part of the Nifty 500, said MOMF.

“India’s capital market has grown exponentially since its inception. Technological and operational ease with on the go investment, T+1 settlement time, UPI & IMPS based transfer on real-time basis has further boosted investor participation. However, there is a huge untapped potential with only 8 Crore stock market investors compared to India’s larger population. Globally, in 2024, India will be leading in IPO issuances, with $8 billion raised between FY 19 and FY 24. Similarly, investment through mutual funds, PMS, & AIF is also rising at 21% per annum, cementing the strong market performance. Motilal Oswal Nifty Capital Market Index Fund is a step toward spearheading and riding this growth wave. The fund invests in companies integral to the capital markets ecosystem, including stock brokers, depositories, wealth management firms, exchanges, and mutual fund companies," said Pratik Oswal, Chief of Business Passive Funds, Motilal Oswal Asset Management Company.

Motilal Oswal Nifty Capital Market Index Fund: Subscription dates

The NFO has been started from today, November 26 and will end on December 10, 2024.

Motilal Oswal Nifty Capital Market Index Fund: Minimum investment

The minimum investment amount for lumpsum investment is Rs 500 and in multiples of Rs 1 thereafter. The minimum investment amount for monthly SIP is Rs 500 and multiple of Rs 1 thereafter with minimum of 12 installments.

Who are the fund managers

The new fund offer will be managed by Swapnil Mayekar (for equity component) and Rakesh Shetty (for debt component).

Who should invest in Nifty Capital Market Index Fund?

The funds are suitable for investors who are seeking for long-term capital growth.

Motilal Oswal Nifty Capital Market Index Fund: Objective

According to MOMF, the investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty Capital Market Total Return Index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.

Benchmark: Nifty Capital Market Total Return Index.

Portfolio strategy: High-growth funds designed for investors with a very high-risk appetite.