Motilal Oswal Mutual Fund launches Motilal Oswal Nifty 500 Momentum 50 ETF

NFO period: 16^th September – 18^th September, 2024

Highlights of the NFO:

• Scheme type – An open-ended fund replicating/tracking the Nifty 500 Momentum 50 Total Return Index


• Investment objective – 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 500 Momentum 50 Total Return Index, subject to tracking error. However, there can be no assurance or guarantee that the investment objectives of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking return that corresponds to the returns of the Nifty. Nifty 500 Momentum 50 Total Return Index, subject to tracking error. Long term capital growth.


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


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Manager – Mr. Swapnil Mayekar and Mr. Rakesh Shetty


• Benchmark – Nifty 500 Momentum 50 Total Return Index