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Motilal Oswal Mutual Fund is launching a new index fund, Motilal Oswal Nifty Microcap 250 Index Fund, that seeks to track the Nifty Microcap 250 Index closely and aims to achieve returns of the index, subject to tracking errors.
The New Fund Offer (NFO) period for the Motilal Oswal Nifty Microcap 250 Index Fund is from 15th June 2023 to 29th June 2023. The scheme re-opens for continuous repurchase and sale within 5 business days.
Investment Objective: The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty Microcap 250 TRI, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Motilal Oswal Nifty Microcap 250 Index Fund
| Fund Name | Motilal Oswal Nifty Microcap 250 Index Fund |
| NFO Opening Date | 15th June 2023 |
| NFO Closing Date | 29th June 2023 |
| Re-open Date | Within 5 business days |
| Type of Fund | Index Fund |
| Fund Manager | Mr Swapnil Mayekar Mr Rakesh Shetty (for Debt component) |
| Minimum Investment Amount | INR 500 |
| Minimum Additional Purchase Amount | INR 500 |
| Exit Load | 0 – 1% |
| Suitability | Very High Risk |
| Benchmark | Nifty Microcap 250 TRI |
| Plans and Options | Direct and Regular PlanGrowth Option |
NOTE:
- All additional investment amounts should be multiple of INR 1/-
- Minimum SIP/SWP/STP for monthly frequency is INR 500/-
Who Can Invest in Motilal Oswal Nifty Microcap 250 Index Fund NFO?
Motilal Oswal Nifty Microcap 250 Index Fund is an index fund that invests in companies that form part of the Nifty Microcap 250 index. The Nifty Microcap 250 index captures the performance of the microcap companies. Microcaps are referred to as the top 250 companies with the highest total market capitalisation after the Nifty 500 companies. The index comprises 250 companies listed on the National Stock Exchange. Nifty Microcap 250 index is computed using the free float market capitalisation method, and the maximum weight per security is capped at 10%.
Investors seeking exposure to an equity scheme and having very high-risk tolerance levels can consider investing in the scheme. Also, investors must be aware that the fund invests in companies known for their agility, specialisation in niche markets, exposure to company-specific risks, and primarily influenced by their promoters. This index fund requires a minimum investment horizon of 5 years or more.
Fund Manager
Mr Swapnil Mayekar
Mr Mayekar is currently the Associate Vice President – Fund Manager at Motilal Oswal MF. He has more than 13 years of experience in the financial services industry. His expertise is in quantitative analysis, creating customised indices, model testing, and building a research database. Mr Mayekar was previously associated with Business Standard Limited. He holds a postgraduate degree in Commerce (Finance Management) from the University of Mumbai.
Mr Rakesh Shetty
Mr Shetty is currently the Debt Fund Manager at Motilal Oswal Mutual Fund. Before moving into the role of Debt Fund Manager, he was Manager – Passive Funds Dealer at Motilal Oswal Asset Management Company Ltd. Prior to joining Motilal, he was with ZyFin Capital Pvt. Ltd, Derivium Tradition Securities (India) Pvt Ltd and Fullerton India Credit Company Ltd. He holds an MBA in Finance degree from the Institute of Technology & Management.
Asset Allocation
| Types of Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
| Constituents of the Nifty Microcap 250 Index | 95% | 100% | Very High |
| Units of liquid schemes and/or money market instruments | 0% | 5% | Low |
Popular Funds by Motilal Oswal Mutual Funds
- Motilal Oswal Nasdaq 100 Fund of Fund
- Motilal Oswal S&P 500 Index Fund
- Motilal Oswal Large and Midcap Fund
- Motilal Oswal Long Term Equity Fund
- Motilal Oswal Nifty 50 Index Fund
Frequently Asked Questions
You can invest in the Motilal Oswal Nifty Microcap 250 Index Fund through any of the following methods:
Offline: By filling out the Motilal Oswal NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Motilal Oswal mutual fund office.
Online:
Motilal Oswal Mutual Fund Website
Online FinTech platforms and mutual fund platforms
Through Demat account
Through a mutual fund distributor or agent
Yes, it is a very high-risk investment based on the riskometer. Motilal Oswal Nifty Microcap 250 Index Fund is an index fund that closely tracks the Nifty Microcap 250 Index. The Microcap index comprises the top 250 companies listed on the National Stock Exchange by market capitalisation after the Nifty 500 companies.
No, the Motilal Oswal Nifty Microcap 250 Index Fund has no lock-in period.
The Motilal Oswal Nifty Microcap 250 Index Fund scheme re-opens for ongoing subscriptions, switches and redemptions within 5 business days.
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