Motilal Oswal Mutual Fund launches Motilal Oswal Nifty G- Sec May 2029 Index Fund

by News Team | Mutual Fund

NFO period: 02nd March – 02nd March, 2023

Highlights of the NFO:

  • Scheme type – 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)

  • Investment objective – 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. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – This product is suitable for investors who are seeking income over the target maturity period. An open-ended target maturity index fund replicating / tracking the Nifty G-sec May 2029 Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.

  • Fund Manager – Mr. Rakesh Shetty

  • Benchmark – Nifty G-sec May 2029 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)