Know extra concerning the newest New Fund Provide – Motilal Oswal Nifty Financial institution Index Fund – Common Plan-Progress, launched on 19th August 2019.
In regards to the fund:
Motilal Oswal Nifty Financial institution Index Fund is an open-ended scheme replicating/monitoring Nifty Financial institution Index. The scheme seeks an funding return that corresponds to the efficiency of the Nifty Financial institution Index topic to monitoring error. Nevertheless, there will be no assurance or assure that the funding goal of the scheme can be achieved.
- AMC Identify: Motilal Oswal Asset Administration Firm Restricted
- Provide Worth: ₹10 per unit
- Fund Supervisor: Mr Swapnil Mayekar
- Benchmark Index: Nifty Financial institution Index (TRI)
- Minimal Lumpsum Funding: ₹500 and in multiples of ₹1 thereafter
- Minimal SIP Funding:
- Weekly – ₹500/- and multiples of ₹1 thereafter
- Fortnightly – ₹500/- and multiples of ₹1 thereafter
- Month-to-month – ₹500/- and multiples of ₹1 thereafter
- Quarterly – ₹1,500/- and multiples of ₹1 thereafter
- Annual – ₹6,000/- and multiples of ₹1 thereafter
- Exit Load: 1% if redeemed on or earlier than 3 months from the date of allotment. Nil if redeemed after 3 months from the date of allotment.
- Open Date: nineteenth August 2019
- Shut date: thirtieth August 2019
Suitability & Riskometer:
In case you are fascinated by investing in an NFO, click on here to know the steps.
Mutual Fund investments are topic to market dangers, learn all scheme associated paperwork rigorously.
That is an informational article and never any recommendation for funding. Please speak to your advisor for taking an funding choice.
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