Motilal Oswal Asset Management Company (MOAMC) has reported a success for its recently launched Motilal Oswal Nifty India Defence Index Fund. The fund raised ₹1,676 crore through its New Fund Offer (NFO) from June 13 to June 27, 2024.
This is the greatest ever collection by an equity index fund in India during its NFO period.
This is India’s first passive fund dedicated to the defence sector, and it allows investors to acquire exposure to defence equities traded on Indian markets.
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