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News Motilal Oswal Mutual Fund launches Motilal Oswal Nifty G- Sec May 2029 Index Fund
Mar 2, 2023
Mutual Fund
Motilal Oswal Mutual Fund launches Motilal Oswal Nifty G- Sec May 2029 Index Fund
NFO period: 02nd March - 02nd March, 2023
Highlights of the NFO:
- Scheme type - An open-ended target maturity index fund replicating / tracking the Nifty G-sec May 2029 Index. (A Relatively High Interest Rate Risk and Relatively Low Credit Risk)
- Investment objective - The investment objective of the scheme is to seek returns corresponding to total returns of securities as represented by the Nifty G-sec May 2029 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 income over the target maturity period. An open-ended target maturity index fund replicating / tracking the Nifty G-sec May 2029 Index, subject to tracking error.
- Minimum Application Amount - First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter
- Plan/ Options available - Regular Plan and Direct Plan having Growth Option only.
- Fund Manager - Mr. Rakesh Shetty
- Benchmark - Nifty G-sec May 2029 Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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