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Motilal Oswal AMC launches 2 largecap index funds

The NFO for these two funds opened on December 3 and will close on December 17.

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Last Updated: Dec 03, 2019, 07.32 PM IST|Original: Dec 03, 2019, 07.32 PM IST
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The funds are pure index funds, based on the most popular indices in India, Largecap Nifty 50 & Nifty Next 50.
Motilal Oswal Asset Management Company has announced the launch of two largecap Index funds -- Motilal Oswal Nifty 50 Index Fund and Motilal Oswal NiftyNext 50 Index Fund.

The NFO for these two funds opened on December 3 and will close on December 17.

The funds are pure index funds, based on the most popular indices in India, Largecap Nifty 50 & Nifty Next 50.

“These launches are in continuation of our recent efforts to retailize passive investing through investor friendly open ended index fund formats with ability to size at a bite size as low as Rs 500/- . We have received enthusiastic response to our index fund launches as they have gained prominence amongst digitally savvy DIY investors as well as distributors and advisors who take low cost tools for asset allocation and financial planning very seriously,”said Aashish Somaiyaa, MD & CEO, MOAMC.

Pratik Oswal, Head of passive funds, MOAMC said: “With the launch of the Nifty 50 and Nifty Next 50 index funds – Motilal Oswal AMC is now able to provide low-cost asset allocation building blocks across all categories – large, mid, small, multi-cap, international (NASDAQ) and sectoral (Bank Index). Investors looking for exposure to index funds can now do so with our extensive product bouquet.”

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