New Delhi: If you are looking to invest in Mutual Funds, you can check details of these recently launched NFOs. Asset management company Motilal Oswal Mutual Fund has launched a new thematic fund Motilal Oswal Manufacturing Fund in the equity category. Kotak Mahindra Mutual Fund has also launched a new scheme named Kotak BSE PSU Index Fund.
Motilal Oswal Manufacturing Fund NFO will be available from July 19 to August 2, 2024. Whereas investment in Kotak BSE PSU Index Fund can be made till 24 July 2024.
Motilal Oswal Manufacturing Fund is an open-ended scheme. The objective of this scheme is to achieve long-term capital growth by investing in equity and equity-related instruments of companies mainly engaged in manufacturing activities. Kotak BSE PSU Index Fund is an open-ended scheme tracking the BSE PSU Index.
Motilal Oswal Manufacturing Fund Details
Investment in Motilal Oswal Manufacturing Fund can be started with a minimum of Rs 500. The benchmark of this scheme is Nifty India Manufacturing Total Return Index. The fund will focus on investing in manufacturing portfolio (up to about 35 stocks). As per the fund house, the fund is primarily designed for investors who aim to invest in long-term capital growth and a unique high-conversion focused manufacturing portfolio. The fund managers of the scheme are Niket Shah and Ajay Khandelwal. The fund aims to maintain a balanced portfolio with an exposure of 80% to 100% to each manufacturing stock.
Kotak BSE PSU Index Fund Details
You can start investing in Kotak BSE PSU Index Fund with a minimum of Rs 100. This fund consists of 56 PSU stocks selected from BSE 500 Index. The index includes a diverse range of public sector undertaking across different sectors. Nilesh Shah, Managing Director, Kotak Mahindra Asset Management Company Limited, says, Kotak BSE PSU Index Fund is a product designed based on the risk appetite of investors and how long they want to invest.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds. It is recommended to seek advice from a professional before investing)
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Motilal Oswal Manufacturing Fund is an open-ended scheme. It will be available from July 19 to August 2, 2024. Whereas investment in Kotak BSE PSU Index Fund can be made till 24 July 2024. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
