Motilal Oswal Asset Management Company Ltd. (MOAMC) is a public limited company incorporated under the Companies Act, 1956 on November 14, 2008, having its Registered Office at 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025.
Motilal Oswal Asset Management Company Ltd. has been appointed as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 21, 2009, executed between Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company Ltd.
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Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive (G) - 11.3846Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive-Dir (G) - 11.4181Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative (G) - 10.9654Motilal Oswal Asset Allocation Passive Fund of Fund – Conservative-Dir(G) - 11.0015Motilal Oswal Dynamic Fund (Div-A) - 14.1399Motilal Oswal Dynamic Fund (Div-Q) - 12.664Motilal Oswal Dynamic Fund (G) - 15.6026Motilal Oswal Dynamic Fund-Dir (Div-A) - 14.3632Motilal Oswal Dynamic Fund-Dir (Div-Q) - 12.8792Motilal Oswal Dynamic Fund-Dir (G) - 16.5268Motilal Oswal Equity Hybrid Fund - Direct (G) - 16.4362Motilal Oswal Equity Hybrid Fund - Regular (G) - 15.6555Motilal Oswal Flexi Cap Fund(D) - 27.2528Motilal Oswal Flexi Cap Fund(G) - 36.2551Motilal Oswal Flexi Cap Fund-Dir(D) - 27.3405Motilal Oswal Flexi Cap Fund-Dir(G) - 38.8868Motilal Oswal Focused 25 Fund - Direct (D) - 22.5111Motilal Oswal Focused 25 Fund - Direct (G) - 38.4537Motilal Oswal Focused 25 Fund (D) - 20.1781Motilal Oswal Focused 25 Fund (G) - 34.3801Motilal Oswal Large and Midcap Fund - Dir (D) - 17.3261Motilal Oswal Large and Midcap Fund - Dir (G) - 17.3408Motilal Oswal Large and Midcap Fund (D) - 16.7609Motilal Oswal Large and Midcap Fund (G) - 16.761Motilal Oswal Liquid Fund - Direct (Div-D) RI - 10.0077Motilal Oswal Liquid Fund - Direct (Div-F) RI - 10.0043Motilal Oswal Liquid Fund - Direct (Div-M) - 10.03Motilal Oswal Liquid Fund - Direct (Div-Q) - 10.0034Motilal Oswal Liquid Fund - Direct (Div-W) RI - 10.0058Motilal Oswal Liquid Fund - Direct (G) - 11.2006Motilal Oswal Liquid Fund - Regular (Div-D) RI - 10.0055Motilal Oswal Liquid Fund - Regular (Div-F) RI - 10.0042Motilal Oswal Liquid Fund - Regular (Div-M) - 10.03Motilal Oswal Liquid Fund - Regular (Div-Q) - 10.0034Motilal Oswal Liquid Fund - Regular (Div-W) RI - 10.013Motilal Oswal Liquid Fund - Regular (G) - 11.1541Motilal Oswal Long Term Equity Fund (D) - 21.5046Motilal Oswal Long Term Equity Fund (G) - 27.3747Motilal Oswal Long Term Equity Fund -Dir (D) - 25.6699Motilal Oswal Long Term Equity Fund -Dir (G) - 29.9503Motilal Oswal Midcap 30 Fund (D) - 25.6227Motilal Oswal Midcap 30 Fund (G) - 41.9429Motilal Oswal Midcap 30 Fund-Dir (D) - 26.5417Motilal Oswal Midcap 30 Fund-Dir (G) - 46.083Motilal Oswal Multi Asset Fund - Direct (G) - 10.944Motilal Oswal Multi Asset Fund (G) - 10.7567Motilal Oswal Nasdaq 100 FOF - Direct (G) - 23.6638Motilal Oswal Nasdaq 100 FOF - Regular (G) - 23.398Motilal Oswal Nifty 50 Index Fund - Direct (G) - 14.8351Motilal Oswal Nifty 50 Index Fund (G) - 14.726Motilal Oswal Nifty 500 Fund - Direct (G) - 17.1524Motilal Oswal Nifty 500 Fund (G) - 16.925Motilal Oswal Nifty Bank Index Fund - Direct (G) - 13.701Motilal Oswal Nifty Bank Index Fund (G) - 13.5202Motilal Oswal Nifty Midcap 150 Index Fund (G) - 19.7725Motilal Oswal Nifty Midcap 150 Index Fund-Dir (G) - 20.0505Motilal Oswal Nifty Next 50 Index Fund - Dir (G) - 15.0847Motilal Oswal Nifty Next 50 Index Fund (G) - 14.9091Motilal Oswal Nifty Smallcap 250 Index Fund (G) - 20.4288Motilal Oswal Nifty Smallcap 250 Index Fund-Dir(G) - 20.7098Motilal Oswal S&P 500 Index Fund - Direct (G) - 14.865Motilal Oswal S&P 500 Index Fund (G) - 14.7245Motilal Oswal Ultra Short Term Fund - Dir (Div-D) - 10.0029Motilal Oswal Ultra Short Term Fund - Dir (Div-F) - 10.0263Motilal Oswal Ultra Short Term Fund - Dir (Div-M) - 10.0099Motilal Oswal Ultra Short Term Fund - Dir (Div-Q) - 10.1541Motilal Oswal Ultra Short Term Fund - Dir (Div-W) - 10.014Motilal Oswal Ultra Short Term Fund - Dir (G) - 14.173Motilal Oswal Ultra Short Term Fund (Div-D) - 9.9475Motilal Oswal Ultra Short Term Fund (Div-F) - 9.9582Motilal Oswal Ultra Short Term Fund (Div-M) - 9.948Motilal Oswal Ultra Short Term Fund (Div-Q) - 10.0925Motilal Oswal Ultra Short Term Fund (Div-W) - 9.951Motilal Oswal Ultra Short Term Fund (G) - 13.7006

Covid still a risk, market seems to be extrapolating normalization of economy: Siddharth Bothra of Motilal AMC

Blog Blog Details
  • July 22, 2021
  • Siddharth Bothra|
  • Fund Manager
"Currently, market seems to be extrapolating a normalisation of economy, on the back of accelerated rate of vaccination. While fear of another round of lockdowns and business disruptions cannot be ruled out, the economic impact may not be as severe as we witnessed during the stage one," he told Moneycontrol s Sunil Shankar Matkar, in an interview.

Bothra has a rich experience of more than 13 years in research and investments. Prior to joining Motilal Oswal AMC he had an extensive stint with Motilal Oswal Securities as a senior analyst in the institutional equities division covering various sectors. He is the fund manager of Motilal Oswal Focused 25 Fund.

Talking about the queueing up new-business tech IPOs, he said, Over the next one year, we could witness many Indian Tech unicorns get listed in India, which could provide exciting investment opportunities for the long run, he said.
Edited Excerpts:-

Q: As we entered into the second half of 2021, do you think the momentum will continue in the market after witnessing nearly 13 percent rally in first half of CY21?
It is difficult to predict markets in the short term. The key aspect to monitor to our mind could be the pace of normalization.

Q: The first half of CY21 was an exciting period for the primary market as Rs 39,000 crore of funds raised via IPOs. Do you think the same kind of optimism will be seen in the second half of CY21 given the Rs 12,000 crore of IPOs already launched in the first half of July itself including Zomato IPO? What could be the total fund raising via IPOs in second half of CY21?
Historically, periods of prolonged vibrant markets lead to high activity in the primary markets. Hence, the current trend is not surprising and could possibly accelerate in 2HFY21. Going by recent fund raising announcements, it seems the primary market activity is likely to remain hectic in 2HFY22 as well.

Q: The Covid cases started increasing again in some parts of the world including Europe, signalling a possibility of beginning of third wave. Do you expect lockdown like situation in the coming period and as a result, is there any disruption in economic & business cycle?
This remain the key risk for the global and domestic market. Currently, market seems to be extrapolating a normalization of economy, on the back of accelerated rate of vaccination. While fear of another round of lockdowns and business disruptions cannot be ruled out, the economic impact may not be as severe as we witnessed during the stage one. As both the Government and the corporates seem better prepared for the same.

Q: The Midcap and Smallcaps outperformed the benchmark indices so far in 2021. Do you think the momentum will continue in the second half of CY21 as well?
The midcap and smallcaps had witnessed sharp correction over FY18-20 period, the sharp upmove in mid and small caps over the last one year, seem to have covered up the valuation arbitrage with the largecaps. We see more attractive risk reward in the large caps at this stage.

Q: What are the next emerging themes on Dalal Street that one has to start looking at now?
The recent global equity rally has been primarily driven by technology companies. However, investment options were limited in India. Over the next one year we could witness many Indian Tech unicorns get listed in India, which could provide new exciting investment opportunities for the long run.

Q: The economic reforms implemented 30 years ago significantly changed the course of economic policy in India. Do you think the current economic reforms will take the Indian economy to new highs?
Some of the key reforms undertaken by the Government over the last 4-5 years have laid down the foundation for the next leg of accelerated economic growth in India. We feel, these reforms have set a strong foundation for structural economic growth for the country.

Q: Do you think FY22 earnings performance will be much better than FY21? Also do you expect more upgrades than downgrades after Q1FY22 earnings?
The impact of COVID was more severe in FY21, given the sudden economic disruption. Hence, the economic impact was very severe across various businesses. While, the pandemic induced mortality impact has been much more severe in subsequent stages, our sense is that the economic impact has not been as bad. This trend coupled with 1) strong performance of few COVID beneficiary sectors, 2) turnaround in the commodity sector and 3) lower credit costs in the financials segment, should aid strong earnings revival in FY22.

Q: There has been too much volatility in equity funds inflow. Do you expect the equity funds to continue to get inflow in coming months?
Again fund flows like markets is difficult to predict. We are witnessing signs of increased financialization and this is a trend we believe is likely to sustain.

Disclaimer: The views and investment tips expressed by investment expert on Moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.






 








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