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Motilal Oswal Mutual Fund (MF) has launched Motilal Oswal Nifty G- Sec May 2029 Index Fund, an open-ended target maturity index fund replicating / tracking the Nifty G-sec May 2029 Index. A Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens and closes for subscription on March 02, 2023. The Entry load is nil for the scheme. The Exit load will be 1%- If redeemed on or before 15 days from the date of allotment and nil- If redeemed after 15 days from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty G-sec May 2029 Index and its fund manager is Rakesh Shetty.

The investment objective of the scheme is to seek returns corresponding to total returns of securities as represented by the Nifty G-sec May 2029 Index, subject to tracking error.