Motilal Oswal Launches India’s First Defence Centric Mutual Fund

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Motilal Oswal introduces India’s first defence-focused mutual fund - the Nifty India Defence Index Fund, targeting $100-120 billion sector expansion. Subscription for this open-ended fund is open between June 13 and June 24, with a minimum investment of ₹500.

Defence Mutual Fund News Today

Motilal Oswal Mutual Fund is set to launch the Motilal Oswal Nifty India Defence Index Fund, India’s first index fund offering exposure to defence stocks listed in India. The new fund offer (NFO) is open between June 13 and June 24.

This open-ended fund aims to replicate the total returns of the Nifty India Defence Index, providing investors with an opportunity to participate in the growth potential of the defence sector.

Fund Details and Investment Objective

The Motilal Oswal Nifty India Defence Index Fund seeks to provide returns that correspond to the total returns of the securities in the Nifty India Defence Total Return Index, subject to tracking error. The fund managers overseeing its performance are Swapnil Mayekar and Rakesh Shetty.

Key Market Opportunity

Prateek Agrawal, MD & CEO of Motilal Oswal Mutual Fund, highlighted India’s robust growth projections in the defence sector, estimating a $100 billion to $120 billion expansion over the next six years.

With India ranking as the fourth largest defence spender globally, the fund aims to benefit from advancements in defence technology and infrastructure.

The defence sector in India is poised for significant expansion, supported by policy changes such as import embargoes on over 4600 defence items by 2027.

Investment Proposition

The fund targets investors seeking long-term capital growth aligned with the Nifty India Defence Total Return Index’s performance. It requires a minimum investment of ₹500, making it accessible to a wide range of investors interested in the defence sector’s potential.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

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