Motilal Oswal MF introduces Nifty Capital Market Index Fund
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Motilal Oswal Mutual Fund has launched Motilal Oswal Nifty Capital Market Index Fund, an open-ended fund replicating/tracking the Nifty Capital Market Total Return Index. The NFO opens for subscription on November 26, 2024 and closes on December 10, 2024. 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 at Nifty Capital Market Total Return Index and its fund managers are Swapnil Mayekar and Rakesh Shetty.
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.
