| Motilal Oswal Mutual Fund has opened the New Fund Offer (NFO) for the Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund, an open-ended index fund that seeks to provide returns corresponding to the BSE Midcap 150 Momentum 30 Index, subject to tracking error. The NFO opened on 3 July 2026 and will close on 17 July 2026, while the scheme will reopen for continuous sale and repurchase on 30 July 2026.
The scheme tracks the 30 highest-momentum stocks from the BSE Midcap 150 Index using a rules-based methodology based on 12-month risk-adjusted price momentum. The portfolio is rebalanced quarterly, with individual stock weights capped at 5%. The minimum investment during the NFO is Rs 500, with additional investments in multiples of Re 1.
According to the fund house, the BSE Midcap 150 Momentum 30 Index has delivered an annualised return of 27.70% over the last 15 years, compared with 16.6% for the BSE Midcap 150 TRI and 11.44% for the Nifty 50 TRI. Over the past 10 years, the momentum index returned 28.6%, versus 17.7% for the parent index and 12.5% for the Nifty 50 TRI.
The scheme carries a "Very High" risk rating and is suitable for investors seeking returns corresponding to the underlying index and long-term capital growth. The equity component will be managed by Swapnil Mayekar, with Dishant Mehta as Associate Fund Manager, while Rakesh Shetty will manage the debt component.
|