 "Motilal Oswal Financial Services")
Motilal Oswal Mutual Fund’s smallcap fund collected Rs 1,350 crore during the new fund offering (NFO) period amid growing appeal of smallcap funds in India.
According to the fund house, over 150,000 investors subscribed to the NFO, putting in an average of Rs 85,000. Smallcap funds have been the most sought after mutual fund offering in 2023, largely owing to their past performance. They have raked in the highest inflows among all active equity offerings. Given the demand, there have been numerous launches in the category, both in the active and passive space.
Motilal Oswal small-cap fund, an open-ended equity scheme, was opened from December 5-19. It aims to maintain a well-balanced portfolio with a minimum of 65 per cent exposure to small-cap stock.
"The participation from retail investors has been quite notable, with over 1.5 lakh investors with an average ticket size of Rs 85,000 subscribing to the NFO. The fund has also seen SIP registrations of over 15 crore across 24,000 investors," the asset management firm said in a statement.
Click here to connect with us on WhatsApp
The firm said it received investments from over 50 Indian cities for its active fund NFO launched after a gap of four years.
Over the years, small-caps index has created long-term wealth for investors, compounding returns by19.32 per cent, 20.34 per cent and 22.06 per cent over the last 15, 10 and 5 years respectively.
(With inputs from PTI)
