Motilal Oswal Nifty India Defence Index Fund Raises Over INR 1,676 Crore in NFO Ended on 27th June 2024
Mumbai: 4 July 2024: Motilal Oswal Asset ManagementCompany (MOAMC) is delighted to announce the impressive success of itsone-of-a-kind “Motilal Oswal Nifty India Defence Index Fund,” which hascollected INR 1,676 crores during the New Fund Offer (NFO) period from 13thJune 2024 to 27th June 2024. Units were allocated on 3rd July, andthe scheme will reopen for further subscription and redemption from 9th July.
This New Fund Offer has set a new benchmark with the highest-evercollection by an equity index fund. The Motilal Oswal Nifty India Defence IndexFund, a unique offer is India’s first defence index fund that offers exposureto defence stocks listed in India, allowing investors to participate in thesignificant growth potential of the defence sector.
Prateek Agrawal, MD & CEO, Motilal Oswal Asset Management Company Ltd said, “India’s strides towards Atmanirbharta (Self-Reliance) in defence is paving the way for significant growth and innovation. This fund is a testament of the faith that investors have in Motilal Oswal AMC’s products. This fund is poised to benefit from India''s increasingly robust advancements in defence technology and infrastructure, and our investors will be an active part of India’s defence growth story.”
Pratik Oswal, Chief of Business Passive Funds, Motilal Oswal Asset Management Company Ltd said, “We are thankful to the investors for putting their trust in us. The NFO of Motilal Oswal Nifty India Defence Index Fund, marks a significant accomplishment in our journey of offering strategic investments, simplified products and being an enabler with greater reach and participation for investors. We are committed to staying ahead of the curve and delivering innovative solutions.”
The open-ended fund replicating/tracking the total returns of the Nifty India Defence index has appealed to more than 2,48,000 unique investors from across 16,900 pin codes in India, and this is reflected in its granular and well-diversified client base.
MOAMC wishes to extend its heartfelt thanks to all the investors for their overwhelming response and continued trust.
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Name of the scheme |
This product is suitable for investors who are seeking* |
Scheme Risk-o-meter |
Benchmark Risk-o-meter |
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Motilal Oswal Nifty India Defence Index Fund
(An open-ended scheme replicating/ tracking Nifty India Defence Total Return Index) |
· Returns that correspond to the performance of the Nifty India Defence Total Return Index subject to tracking error
· Long-term capital growth |
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Nifty India Defence Total Return Index |
* Investors should consult their financialadvisers if in doubt about whether the product is suitable for them.
Note: Other Funds managed by the FundManagers can be viewed on https://www.motilaloswalmf.com/download/index-fund/factsheet
Source:Niftyindices, Factset, ACEMF, Nomura Research
Disclaimer This release has been issued on the basis ofinternal data, publicly available information and other sources believed to bereliable. The information contained in this document is for general purposesonly and not a complete disclosure of every material fact. The Stocks (if any)mentioned herein is for explaining the concept and shall not be construed as aninvestment advice to any party. The information / data herein alone is notsufficient and shouldn’t be used for the development or implementation of aninvestment strategy. It should not be construed as investment advice to anyparty. All opinions, figures, estimates and data included in this article areas on date. The article does not warrant the completeness or accuracy of theinformation and disclaims all liabilities, losses and damages arising out ofthe use of this information. The statements contained herein may includestatements of future expectations and other forward-looking statements that arebased on our current views and assumptions and involve known and unknown risksand uncertainties that could cause actual results, performance or events todiffer materially from those expressed or implied in such statements. Readersshall be fully responsible/liable for any decision taken on the basis of thisarticle. Mutual Fund investments are subject to market risks, read all schemerelated documents carefully.
About Motilal OswalAsset Management Company:
Motilal Oswal Grouppossesses legacy in equities for over 3 decades. Motilal Oswal Asset ManagementCompany Ltd. (MOAMC) is registered with SEBI as the Investment Manager forMotilal Oswal Mutual Fund. It was incorporated on November 14, 2008. It providesInvestment Management and Advisory Services to investors based within andoutside India and having AIF’s, Portfolio Management Services business andMutual Funds.
For further details contact:
Rohini Kute
Head, Corporate Communication,
Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com