Motilal Oswal Nifty Bank Index Fund Direct Growth - NAV : 16.2973
NAV (as on 2023-11-30)16.2973(-0.19%)
Risk: Very High
Category: Wealth Creation
Raamdeo Agrawal
(Chairman, Motilal Oswal AMC)
A message from the fund manager/concerned person can go here.
Why Invest in this fund?
Investment Horizon
Long term
For Whom
Investors looking to invest in the Indian banking stocks
Allocations
Invests upto 100% in stocks comprising Nifty Bank Index in proportion of their index weights
Number of Stocks
~10 companies
Overview
Fund Name
Motilal Oswal Nifty Bank Index Fund
Investment Objective
The Scheme seeks investment return that corresponds to the performance of Nifty Bank Index subject to tracking error.
However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved
Portfolio Turnover Ratio
0.2
Latest AUM
₹ 424.861 Crs (as on: 31-10-2023)
Total Expense Ratio
0.33% p.a.
Date of Allotment
6-9-2019
Benchmark
Nifty Bank TRI
Tracking Error
0.06 % (From 01 Dec 2022 to 30 Nov 2023)Performance
would have become ₹ 10000.00
Tracking Difference
| As on 30 Nov 2023 | |||||
|---|---|---|---|---|---|
| 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Since Inception | |
| Tracking Difference | -0.29% | -0.55% | -- | -- | -0.58% |
Scheme Inception Date -6-9-2019.
Performance is based on Compounded Annualised returns
Tracking Difference shall be disclosed only if the Scheme has completed 1 year period
Tracking Difference is the difference in the performance between Scheme and its Benchmark
Periodic Returns
Current Value for an investment of Rs10,000
1 Year
3 Year
Since Inception
Date of inception: 6-Sep-2019. Incase, the start/end date of the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns. The NAV per unit shown in the table is as on the start date of the said period. Past performance may or may not be sustained in the future. Performance is for Regular Plan Growth option. Different plans have different expense structure. Mr. Swapnil Mayekar is the Fund Manager since inception. (Data as on 31st October 2023)
Portfolio
Industry Classification
Top 10 holding
Scheme Details
Entry Load
Nil
Exit Load
For subscription from 7th August, 2020: 1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment. For subscription before 7th August, 2020:1%- If redeemed on or before 3 months from the dat...
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Type of Scheme
An open ended scheme replicating / tracking Nifty Bank Index
Methodology of calculating sale price
Methodology and illustration of sale and repurchase price of units1. Methodology of calculating sale price: The price or NAV, an investor is charged while investing in an open-ended scheme is called sale or subscription price. Pursuant to SEBI Circular da...
Read MoreProduct Labeling
- This product is suitable for investors who are seeking*
- Return that corresponds to the performance of the Nifty Bank Total Return Index, subject to tracking error
- Investment in securities constituting Nifty Bank Index.
- Long term capital growth
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Scheme Riskometer
Investors understand that their principal will be at Very High riskBenchmark Riskometer
Nifty Bank TRIInvestors understand that their principal will be at Very High risk
Fund Manager
Swapnil Mayekar
For Equity Component
Swapnil has over 12 years of experience in the fund management and product development.Motilal Oswal Asset Management Company Ltd. from March 2010 onwards.Business Standard, Research Associate from August 2005 to February 2010.
Other funds managed by him
- Motilal Oswal Nifty 50 ETF
- Motilal Oswal Nifty Midcap 100 ETF
- Motilal Oswal Nifty Midcap 150 Index Fund
- Motilal Oswal Nasdaq 100 Fund of Fund
- Motilal Oswal Nifty 50 Index Fund
- Motilal Oswal Nifty Next 50 Index Fund
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- Write to us amc@motilaloswal.com
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.
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