With large cap fund managers finding it difficult to outperform, fund houses are lining up low cost large cap passive funds to woo investors.
Motilal Oswal Mutual Fund has launched two large cap index funds called Motilal Oswal Nifty 50 Index Fund and Motilal Oswal Nifty Next 50 Index Fund. The NFO for these two funds opened on December 3 and closes on December 17, 2019.
The Large-Cap index fund will include some percentage of midcap & small cap companies in their portfolios. “These launches are in continuation of our recent efforts to retailize passive investing through investor friendly open ended index fund formats with ability to size at a bite size as low as Rs 500. We have received enthusiastic response to our index fund launches as they have gained prominence among digitally savvy DIY investors as well as distributors and advisers who take low cost tools for asset allocation and financial planning very seriously,” said Aashish Somaiyaa, MD & CEO, MOAMC.
Swapnil Mayekar is the fund manager of these two index funds.
