Published: 30th July 2024
By: Value Research
Motilal Oswal AMC has come out with its latest fund offering – the Motilal Oswal Manufacturing Fund. The NFO (new fund offer) was launched on July 19, 2024, and will remain available for subscription until August 2, 2024.
Fund name Motilal Oswal Manufacturing Fund NFO period July 19, 2024 to August 2, 2024 Fund managers Ajay Khandelwal and Niket Shah Exit load 1 per cent if redeemed within 15 days of allotment; nil thereafter. Tax treatment If units are sold within a year, capital gains will be taxed at 20 per cent. If units are sold after one year, capital gains are taxed at 12.5 per cent. However, gains of up to Rs 1.25 lakh are tax-exempt.
The active fund aims to create a focused portfolio of up to 35 stocks. It will invest around 80% of its money in manufacturing companies, focusing particularly on electronics manufacturing, capital goods, energy, defence, power, auto and auto ancillary sectors.
When compared with the BSE 500, the S&P BSE India Manufacturing TRI has trailed for the most part, although in recent months, it has outperformed the former, owing to higher investments in PSU stocks and avoiding underperformers like Banking and Technology.
To find out, read the complete story by clicking the link below.