Motilal Oswal Mutual Fund launches Motilal Oswal Nifty Bank Index Fund (MOFNIFTYBANK)

Mutual Fund
Aug 19, 2019 by Advisorkhoj Team | Mutual Fund | 6 Downloaded

NFO period: 19th August – 30th August, 2019

Highlights of the NFO:

  • Scheme type – An open ended scheme replicating / tracking Nifty Bank Index

  • Investment objective – The scheme seeks investment return that corresponds to the performance of Nifty Bank 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 return that corresponds to the performance of Nifty Bank Index subject to tracking error. Equity and equity related securities covered by Nifty Bank Index. Long term capital growth.

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

  • Plan/ Options available – Regular Plan and Direct Plan. Each plan offers Growth Option.

  • Fund Manager – Mr. Swapnil Mayekar

  • Benchmark – Nifty Bank Index TRI

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

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