July 21, 2022
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NFO of Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund
NFO opens on July 14 ,2022
NFO will close on July 22 ,2022
(Our detailed Guidance & Invest Online button are given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide returns that, correspond to the total returns of the securities as represented by S&P BSE Financials ex Bank 30 Index, subject to tracking error.
Basic Details
Fund House: Motilal Oswal Mutual Fund
Issue Open: 14 Jul 2022
Issue Close: 22 Jul 2022
Category: Equity: Sectoral : Banking
Type: Open-ended
Min. Investment Rs 500
Plans: Growth
Lock-in Period Not Applicable
Exit Load (%): 1% for redemption within 15 days
Riskometer: Very High
Benchmark: S&P BSE Financials ex Bank 30 TRI
1) Swapnil Mayekar
Education: M.Com from Mumbai University and also holds an Advanced Diploma in Business Administration from Welingkar, Mumbai.
Experience: Prior to joining Motilal Oswal AMC he worked with Business Standard Limited from Aug 2005 to Feb 2010.
Funds Managed:
Motilal Oswal Nasdaq 100 FOF – Regular Plan – since Jul 2019
Motilal Oswal Nifty 50 ETF Fund – since Jul 2019
Motilal Oswal Nifty Midcap 100 Exchange Traded Fund – since Jul 2019
Motilal Oswal Nifty 500 Index Fund – Regular Plan – since Aug 2019
Motilal Oswal Nifty Bank Index Fund – Regular Plan – since Aug 2019
Motilal Oswal Nifty Midcap 150 Index Fund – Regular Plan – since Aug 2019
Motilal Oswal Nifty Smallcap 250 Index Fund – Regular Plan – since Aug 2019
Motilal Oswal Nifty 50 Index Fund – Regular Plan – since Dec 2019
Motilal Oswal Nifty Next 50 Index Fund – Regular Plan – since Dec 2019
Motilal Oswal Nifty 200 Momentum 30 ETF – since Jan 2022
Motilal Oswal Nifty 200 Momentum 30 Index Fund – Regular Plan – since Jan 2022
Motilal Oswal S&P BSE Low Volatility ETF – since Mar 2022
Motilal Oswal S&P BSE Low Volatility Index Fund – Regular Plan – since Mar 2022
Motilal Oswal S&P BSE Healthcare ETF – since Jul 2022
2) Abhiroop Mukherjee
Education: Mr. Abhiroop Mukherjee holds B.Com from Calcutta University & PGPBF (Finance) from National Institute of Bank Management.
Experience: Prior to joining Motilal Oswal AMC, he has worked with PNB Gilts Ltd. Mumbai.
Funds Managed:
Motilal Oswal Focused 25 Fund – Regular Plan – since Apr 2013
Motilal Oswal Ultra Short Term Fund – Regular Plan – since Sep 2013
Motilal Oswal Flexi Cap Fund – Regular Plan – since Apr 2014
Motilal Oswal Dynamic Fund – Regular Plan – since Sep 2016
Motilal Oswal Equity Hybrid Fund – Regular Plan – since Aug 2018
Motilal Oswal Nasdaq 100 FOF – Regular Plan – since Nov 2018
Motilal Oswal Liquid Fund – Regular Plan – since Dec 2018
Motilal Oswal Liquid Fund – Unclaimed – since Jun 2019
Motilal Oswal Large and Midcap Fund – Regular Plan – since Sep 2019
Motilal Oswal S&P 500 Index Fund – Regular Plan – since Apr 2020
Motilal Oswal Multi Asset Fund – Regular Plan – since Jul 2020
Motilal Oswal Nifty 5 year Benchmark G-Sec ETF – since Nov 2020
Motilal Oswal Asset Allocation Passive FoF – Aggressive – Regular Plan – since Feb 2021
Motilal Oswal Asset Allocation Passive FoF – Conservative – Regular Plan – since Feb 2021
Motilal Oswal 5 Year G-Sec FoF – Regular Plan – since Sep 2021
Motilal Oswal MSCI EAFE Top100 Select Index Fund – Regular Plan – since Nov 2021
Motilal Oswal Nasdaq Q 50 ETF – since Dec 2021
Motilal Oswal Nifty 200 Momentum 30 ETF – since Jan 2022
Motilal Oswal Nifty 200 Momentum 30 Index Fund – Regular Plan – since Jan 2022
Motilal Oswal S&P BSE Low Volatility ETF – since Mar 2022
Motilal Oswal S&P BSE Low Volatility Index Fund – Regular Plan – since Mar 2022
Motilal Oswal S&P BSE Healthcare ETF – since Jul 2022
AMC:
Motilal Oswal Asset Management Company Ltd.
Address: Motilal Oswal Towers – 10th Floor, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai – 400025
Website: http://www.motilaloswalmf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Mutual Fund Guidance by Paresh Gordhandas, Research Analyst.
In the Case of any New Fund Offer, we donot know how the portfolio will be created by the fund managers. So in such cases, we may look at the performance of the Index and also past performance of the funds managed by these fund managers.
a) What is S&P BSE Financials ex Bank 30 Index ?
The S&P BSE Financials Ex-Banks 30 Index seeks to track 30 stocks from S&P BSE 250 LargeMidCap Index that are classified as members of the GICS® Financials sector (excluding Banks).
b) Performance of S&P BSE Financials ex Bank 30 Index:
Price Return
Last one Year : (-) 12.83 %
Last 3 Years : 4.29 %
Last 5 Years : 5.21 %
Last 10 Years : 13.86 %
Fundamentals of this Index
PE ( Trailing) 19.28
P/B 2.41
Dividend Yield 1.27
P/Sales : 2.82
P/Cashflow : (-) 21.45
c) Now let us study past performance of the funds managed by these fund managers.
So in this case, we randomly selected MO Nifty Small Cap Index Fund one of the funds managed by first fund Manager and it shows following performance:
Last one Month : (-)1.50 % ( Benchmark Return (-) 0.94%)
Last 3 Month : (-)14.76 % ( Benchmark Return (-) 13.97%)
Last 12 Month : (-)5.59 % ( Benchmark Return (-) 3.95%)
So ??? as compared to benchmark returns, the fund has provided lower returns.
Lets check another Scheme, managed by second fund manager
MO Large Midcap Fund
Last one Month : 2.80 % ( Benchmark Return 0.24%)
Last 3 Month : (-)7.41 % ( Benchmark Return (-) 8.04%)
Last 6 Month : (-)16.82 % ( Benchmark Return (-) 8.50%) ( Unimpressive?)
Last 12 Month : (-)2.54 % ( Benchmark Return 3.81%) ( Unimpressive?)
So ??? as compared to benchmark returns, above fund has provided unimpressive returns during 2 time periods.
Conclusion : So looking at the past returns of the index,Last 3 years (4.29%), last 5 years (5.21%) I am not quite hopeful of the future returns this fund may generate. Also considering past performance of randomly selected schemes, I expect average performance equivalent to benchmark index and nothing more impressive.You may invest small amount as token investment and nothing more.
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