MOAMC collects over ₹1,350 crore via small-cap NFO. Details here

livemint.com:

Motilal Oswal Small Cap Fund", Motilal Oswal Asset Management Company (MOAMC) achieved a collection of over ₹1,350 crores. This marks the highest-ever amount gathered for any small-cap active fund NFO in India. The investment firm unveiled the introduction of an open-ended equity scheme focused primarily on small-cap stocks.

Open for public subscription from December 5, 2023, to December 19, 2023, the scheme aims to achieve capital appreciation by emphasizing investments in small-cap stocks. It’s important to note that the realization of the scheme’s investment objective is not guaranteed. MOAMC’s inaugural active fund launched as an NFO after a four-year interval, has garnered widespread interest from investors throughout India.

This is evident in its clientele spanning more than 50 cities in the country. Notably, retail investors have shown substantial participation, with over 1.5 lakh investors subscribing to the NFO at an average ticket size of ₹85,000. The fund has also succeeded in attracting SIP registrations, surpassing 15 crores across 24,000 investors.

The asset management company (AMC) has received support from approximately 5000 distribution partners, guiding investors for long-term wealth creation through investment in the fund. Lately, the Indian stock markets have witnessed a noteworthy upswing, particularly highlighted by the Small Cap 250 index, which has outperformed and taken the lead in impressive gains during 2023. The earnings growth in the small-cap sector has seen a substantial compounded increase of 48% over the past two financial years.