Motilal Oswal Mutual Fund launches Motilal Oswal Developed Market Ex US ETFs Fund of Funds. Should you invest?

economictimes.indiatimes.com:

Motilal Oswal Mutual Fund has launched Motilal Oswal Developed Market Ex US ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of Global ETFs which track the performance of developed markets excluding US.

The new fund offer or NFO of the scheme is open for subscription and it will close on September 21.

The performance of the scheme will be benchmarked against S&P Developed Ex-U.S. BMI Total Return Index. The scheme will be managed by Ankush Sood (foreign investments), and Rakesh Shetty (debt investments).

Best MF to invest

Looking for the best mutual funds to invest? Here are our recommendations.

The investment objective of the scheme is to generate long term capital appreciation by investing in units of global ETFs which track the performance of developed markets excluding US, subject to tracking error, if any.

According to the scheme information document, the scheme will invest 95-100% in units of developed market Ex US ETF schemes, and 0-5% in units of liquid scheme and / or money market instruments.

The minimum application amount is Rs 500 and in multiples of Re 1 thereafter for lumpsum investments. The minimum application amount for weekly, fortnightly, and monthly SIP is Rs 500 and multiple of Re 1 thereafter with minimum 12 instalments. For quarterly SIP, the minimum application amount is Rs 1,500 and multiple of Re 1 thereafter with minimum four instalments.

The scheme will offer regular and direct plans with growth option only. The Exit load is 1%, if redeemed on or before 15 days from the date of allotment. If redeemed after 15 days from the date of allotment, the exit load is nil.

The scheme is suitable for investors who are seeking long-term capital appreciation and want