Motilal Oswal Nifty India Defence Index Fund NFO: Should you invest?

With India's defence sector going all guns blazing due to increased government push for localisation and growing order book, it's not surprising that Motilal Oswal AMC is launching a mutual fund focused on investing in defence companies. This is the second such fund in the country, following HDFC launching their own variant last year. However, unlike the HDFC fund, Motilal Oswal Nifty India Defence Index Fund is a passive fund that will mimic the defence index. The Motilal Oswal fund will be open for subscription until June 27, 2024. At a glance: Motilal Oswal Nifty India Defence Index Fund NFO Fund name Motilal Oswal Nifty India Defence Index Fund SEBI category Index fund NFO period June 13-27, 2024 Benchmark Nifty India Defence Total Return Index (TRI) Fund manager(s) Rakesh Shetty and Swapnil Mayekar Exit load 1 per c