Motilal Oswal Asset Management Company (MOAMC) has collected over ₹1,350 crore during the new fund offer (NFO) period of its open-ended
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equity scheme ‘Motilal Oswal Small Cap Fund.’ This is the highest ever collection for any smallcap active fund NFO in India, Motilal Oswal AMC said.
The participation from retail investors has been notable, with over 1.5 lakh investors with an average ticket size of ₹85,000 subscribing to the NFO. SIP registrations were recorded at over 15 crore across 24,000 investors, the fund house said.
In recent times, the Indian stock markets have experienced a notable upturn, evident in the Small Cap 250 index outperforming and leading the gains with growth in 2023.
Small-cap earnings growth has significantly compounded by 48% over last two financial years.
Small caps Index have created long term wealth for investors, compounding returns by 19.32%, 20.34% and 22.06% over last 15, 10 and 5 years respectively.
Speaking on the closure of NFO, Navin Agarwal, Executive MD & CEO, Motilal Oswal Asset Management Company, said, “Motilal Oswal Small Cap Fund seeks to apply this time-tested investing process to create a portfolio of predominantly Small-cap stocks."
Akhil Chaturvedi, Chief Business Officer, Motilal Oswal AMC, said, “
Motilal Oswal Small Cap Fund aims to maintain a well-balanced portfolio with a minimum 65% exposure to small-cap stocks."
(Edited by : Anshul)
First Published: Dec 22, 2023 12:08 PM IST
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