Through NFOs, AMCs have seen record inflows into their active equities funds. In the most recent example, Motilal Oswal MF and Aditya Birla Sun Life MF both saw strong inflows during the NFO.
During the NFO period, Motilal Oswal Defence Fund raised Rs. 1700 crore, while Aditya Birla Sun Life Quant Fund received Rs. 2400 crore.
Applications from 1.24 lakh investors were received by ABSL MF. A Balasubramanian, MD and CEO of ABSL MF, credits this in a news release to distributors’ and investors’ faith in their fund company. “Their faith in our vision and dedication has been crucial to this success,” he stated. Our efforts revolve around our distributors and investors, whose faith in our abilities motivates us to keep trying new things and doing better.
The goal of this fund is to give investors a unique investing option by combining the advantages of human experience and quantitative modeling. The fund is a special and distinctive product that is driven by technology and discerned by wisdom.
In a similar vein, 2.48 lakh investors applied to MOSL MF from 16,900 locations. India’s defense sector’s Atmanirbharta (self-reliance) advancements are opening up enormous opportunities for growth and innovation, according to Prateek Agrawal, MD & CEO of Motilal Oswal AMC. This fund is evidence of investors’ confidence in the offerings of Motilal Oswal AMC. Our investors will actively participate in India’s defense growth story, and this fund is well-positioned to profit from the country’s increasingly significant advancements in defense technology and infrastructure.
“The NFO of Motilal Oswal Nifty India Defence Index Fund, marks a significant accomplishment in our journey of offering strategic investments, simplified products, and being an enabler with greater reach and participation for investors,” stated Pratik Oswal, Chief of Business Passive Funds, Motilal Oswal AMC. We’re dedicated to providing cutting-edge solutions and staying ahead of the curve.
