New Fund Offer, NFO, Motilal Oswal Nifty Capital Market Index Fund: A new fund offer i.e. NFO of Motilal Oswal Asset Management Company was launched today. Motilal Oswal Mutual Fund (MOMF) has introduced its new NFO named Motilal Oswal Nifty Capital Market Index Fund. This NFO has opened for public subscription from today i.e. 26 November 2024 and it can be subscribed till 10 December 2024. Let us know about the important things related to the NFO of Motilal Oswal Mutual Fund launched today.
NFO: Objective of investing in the fund
The objective of the company’s NFO is to earn higher returns by investing money in listed stocks under the capital market theme in India. This index includes 15 companies which are also part of Nifty 500. However, there is no guarantee that the investment objective of the scheme will be achieved.
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NFO Period: How long will NFO remain open?
Motilal Oswal Asset Management Company’s NFO Motilal Oswal Nifty Capital Market Index Fund has opened for subscription from today i.e. 26 November 2024 and it will close on 10 December 2024.
benchmark
Nifty Capital Market Total Return Index (Nifty Capital Market Total Return Index,
portfolio strategy
The new index fund from Motilal Oswal AMC is designed for investors who have a high risk appetite to achieve high returns.
Investor Profile
This fund is suitable for investors looking for long-term capital growth and returns that are subject to tracking errors. Nifty Capital Market Total Return Index Is commensurate with the returns.
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According to the data till October 31, 2024, Nifty Capital Market Total Return Index has given 96.9% return in the last 1 year and 31.9% return in the last 3 years, which tells about better returns. It may also experience high volatility. Interestingly, exchange volume and turnover are expected to grow by 52% annually between 2010 and 2024. Considering the current monthly average returns, it can reach Rs 95,000 lakh crore during the financial year 2024-2025.
India’s rapidly growing financial market
A study by Motilal Oswal Asset Management Company shows that India’s financial market is witnessing rapid growth, driven by rising household savings, increased digitalization and increasing retail participation. Over the last 8 years, the number of demat accounts has grown at an annual rate of 29% CAGR, reaching 17.5 crore accounts by September 2024. Also, monthly SIP inflows have increased from Rs 3,698 crore in 2016 to over Rs 24,509 crore in 2024, reflecting growing investor confidence. Additionally, India led global markets with 209 IPOs in 2024, raising Rs 64,000 crore at 46% CAGR over FY19. Despite this growth, only 80 million Indians invest in the stock market, which presents significant untapped potential.
