NFO Alert: Motilal Oswal Mutual Fund launches 4 index funds
Motilal Oswal Mutual Fund has announced the launch of four index funds — Nifty MidSmall IT and Telecom Index Fund, Nifty MidSmall Financial Services Index Fund, Nifty MidSmall Healthcare Index Fund, Nifty MidSmall India Consumption Index Fund.
The new fund offer or NFO of these four funds will open for subscription on October 29 and close on November 6. The schemes will reopen for continuous sale and repurchase on November 19.
The minimum application amount for lumpsum and SIP investments is Rs 500 and in multiples of Re 1 thereafter in all four schemes. All the schemes will be managed by Swapnil Mayekar, Rakesh Shetty.
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Motilal Oswal Nifty MidSmall IT and Telecom Index Fund
Motilal Oswal Nifty MidSmall IT and Telecom Index Fund is an open- ended fund replicating/tracking the Nifty MidSmall IT and Telecom Total Return Index.
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