Motilal Oswal Midcap Fund celebrates 10yrs of launch
Generated AUM of Rs. 8,490 crores with 6.09 lakh unique investors from 185cities
Mumbai, 6th March 2024: Celebrating the 10 years of its Motilal Oswal Midcap Fund, Motilal Oswal AMC today announced that the fund has generated an AUM of close to Rs 8,490 crore.
MOAMC’s Midcap Fund has appealed to investors across India, which is reflected in its granular and well-diversified client base across 185 cities. The participation from retail investors has been quite notable with over 5.3 lakh unique investors investing in the fund from across 2,126 unique pin code as on 31st Jan’24. The fund has also seen SIP participation of over 3.2 lakh investors for the same period. The Top five states contributed over 90% of the AUM, this includes Maharashtra, Andhra Pradesh, Delhi, Gujarat, West Bengal.
Midcap has performed well during the past 10year with the Nifty Midcap 100 Index topping the chart with 20.3% returns. Midcaps have done well even in bad cycles. In the Midcap category, the Motilal Oswal Midcap fund is among the top funds to beat benchmark returns.
“The daily increase in our assets undermanagement (AUM) demonstrates the confidence investors have in Motilal Oswal. It indicates that our strategies are effective and that our fund is carefully managed. We express our gratitude for the sales and distribution support provided by our distribution partners, affiliate partners, and independent financial advisors (IFAs),” said, Akhil Chaturvedi, Chief Business Officer, Motilal Oswal Asset Management Company.
“Midcap as a category has been performing well since 2004 till date. Huge wealth has been created in this space because the companies are in high growth phase as compared to large caps and are more stable than small caps in a weak macro environment. We have identified many such companies with high growth and high quality in last decade which has benefited the fund and we believe the next decade provide us with many more such opportunities. Given such large exciting opportunities we believe the run way of growth for the midcaps is still very high.”, said Niket Shah, Fund Manager, Motilal Oswal AMC.
The investment objective of Motilal Oswal Midcap Fund is to provide investors a long-term capital growth who are seeking investment in quality midcap companies having long-term competitive advantages and growth potential.
Performance:
Sources: MOAMC Internal Research. Data is as on 29th Feb 2024. Please refer page no. 48 for asset class wise & geographical AUM disclosure from factsheet - https://www.motilaloswalmf.com/CMS/assets/uploads/Documents/2f906-most-factsheet-january-2024.pdf
For performance of other schemes managed, please refer the Annexure: https://www.motilaloswalmf.com/CMS/assets/uploads/Documents/0472d-mf-annexure.pdf
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
About Motilal Oswal Asset Management Company:
Motilal Oswal Group possesses a legacy in equities for over 3 decades. Motilal Oswal Asset Management Company Ltd. (MOAMC) is registered with SEBI as the Investment Manager for Motilal Oswal Mutual Fund. It was incorporated on November 14, 2008. It provides Investment Management and Advisory Services to investors based within and outside India and has Mutual Funds, AIFs and Portfolio Management Services business
For further details contact:
Rohini Kute
Head, Corporate Communication,
Motilal Oswal Financial Services
Mail: rohini.kute@motilaloswal.com