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Published on 14/04/2020 4:30:59 PM | Source: Motilal Oswal Financial Securities Ltd

Motilal Oswal AMC launches S&P 500R Index Fund

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Amidst lockdown, Motilal Oswal launches

Motilal Oswal S&P 500® Index Fund - India’s first passive fund tracking the S&P 500® Index

Subscription through digital transaction

Mumbai, 14 April, 2020:

Motilal Oswal Asset Management Company Ltd. has announced the launch of the Motilal Oswal S&P 500® Index Fund, an open ended scheme replicating / tracking US’s S&P 500® Index.

 

Motilal Oswal S&P 500® Index Fund will provide an opportunity to invest in one of the world’s most popular indices. The fund will provide Indian investors an exposure to the performance of leading 500 companies listed in United States. The S&P 500® Index is widely regarded as the best single gauge of large-cap U.S. equities and covers approximately 80% of available market. The S&P 500® Index is world’s largest index with a track record of 63 years, making it one of the oldest indices in the world.

 

Aashish Somaiyaa, Managing Director & CEO, Motilal Oswal Asset Management Company said, “If you entered the Indian equity markets and you had no clue where to start you would start with the A group in BSE, similarly if you entered the Global equity markets from another planet and you had no clue where to start you would start with S&P 500. It’s the world’s A group or the world’s large cap index composed of some of the biggest global companies. And, we at Motilal Oswal AMC are happy to provide access”

The S&P 500® index is the best gauge of the US market as it constitutes 82% of the US stock market. It has exposure to all 11 sectors and has exposure to purely large cap companies. It is a global index with 40% of its investments coming from overseas. After recent correction, S&P 500® Index may have arrived at an attractive valuation to enter.

 

Pratik Oswal, Head of Passive Funds, Motilal Oswal Asset Management Company said, “With the launch of the S&P500 index fund - we are excited to have Jack Bogle's legacy and spirit in India (Founder, Vanguard Mutual Fund). It’s a fund that is present in almost every investor’s portfolio in the US and a great way to start the process of international diversification – helping Indian investors fight rupee depreciation as well as portfolio volatility. It was the first ever passive fund launched (way back in 1975) and the biggest one today.”

“We are excited that Motilal Oswal has launched a fund based on the S&P 500 Index to provide Indian investors’ access to global companies in a diverse range of sectors and industries. The S&P 500 is one of the world’s most recognized and premier gauges for U.S.stock market performance. S&P Dow Jones Indices is committed to offering choice and delivering independent and transparent indices, research, data and analytics to market participants,” said Koel Ghosh, Head of South Asia, S&P Dow Jones Indices

Motilal Oswal S&P 500® Index Fund will be launched on15April 2020 and will remain open for subscription till 23 April 2020. The minimum application amount is Rs.500/- and in multiples of Re. 1/- thereafter. The fund manager of the scheme is Mr. Herin Visaria for foreign securities and for Debt component - Mr. Abhiroop Mukherjee*

 

About Motilal Oswal Asset Management Company: Motilal Oswal Group possesses legacy in equities for over 3 decades. Motilal Oswal Asset Management Company (Motilal Oswal AMC) is registered with SEBI as the Investment Manager for Motilal Oswal Mutual Fund. It was incorporated on November 14, 2008. It provides Investment Management and Advisory Services to investors based within and outside India and having Portfolio Management Services business, ETFs and Mutual Funds.

Motilal Oswal AMC (MOAMC) is one of the most honoured and trusted names in equity investing. MOAMC is one of the pioneers of PMS business with over 17 years of track record. It is also one of the pioneers of passive funds in India through ETFs way back in 2010, Nifty 50, Nifty Midcap 100, Nasdaq 100 – the only offshore ETF and have exclusive rights for Nasdaq.

MOAMC is one of the fastest growing Asset Management Companies in India with a unique investment philosophy, ‘Buy Right; Sit Tight’ which means buying quality companies at a reasonable price and Sit Tight to ride their growth cycle for a long period of time.

 

 

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