India’s first S&P 500 Index Fund sees huge interest from investors

Mumbai, 24 April 2020: Motilal Oswal AssetManagement Company (MOAMC) successfully completed the NFO of the Motilal OswalS&P 500 Index Fund, an open ended schemereplicating/tracking S&P 500 Index. It’s an Index fund thathelps investors invest in the world’s largest brands in the world’s largestIndex – the S&P 500 Index. This was probably for the first time in Indiathat a mutual fund NFO has been marketed and transacted exclusively throughdigital modes of transaction.

For this NFO, besides thecompany website and app, investments have been received through variousintermediaries transacting on the BSE, NSE, MFU platforms and various otherleading digital investing platforms such as Motilal Oswal, ICICIDirect.com,IIFL Securities, HDFC Securities, PaytmMoney, Groww, Zerodha Coin, Kuvera andothers.

While the AMC had filed forregulatory approvals in January 2020, approvals were received amidst the COVID19 crisis and hence all marketing, investor and distributor communication,engagement as well as transactions were executed digitally while Working From Home.

Speaking on the NFO, Aashish Somaiyaa, MD & CEO , MOAMC said “The S&P 500 Index Fund in line with ourNasdaq100 offering and the entire series of Nifty index funds is an endeavor toprovide an array of building blocks for effective asset allocation solutions toinvestors and intermediaries like wealth managers, financial planners and robo-advisorsalike. Neither had we planned on this being a digital first NFO nor the exacttiming of the launch. But, the COVID 19 crisis necessitated that we execute thisNFO differently. I am thankful to the entire ecosystem of investors, digitalplatform providers and intermediaries for their efforts and engagement.”

Pratik Oswal, Head, Passive Funds Business, MOAMC added, “In our continuous effort to provide innovative anddifferentiated products via the ‘First time in India’ Motilal Oswal S&P 500Index Funds NFO, we have provided investors in India access to simple,cost-effective and innovative investing products. The S&P 500 Index Fund isone more of such initiatives. The digitally only NFO could be a precursor ofthe way NFOs would be launched and presented in future as well. Big thanks tomy colleagues at the AMC for their tireless efforts in the NFO.”

The Motilal Oswal S&P500 Index Fund would open again for investing from 29^TH April 2020onwards.

AboutMotilal Oswal Asset Management Company:

Motilal Oswal Grouppossesses legacy in equities for over 3 decades. Motilal Oswal Asset ManagementCompany (Motilal Oswal AMC) is registered with SEBI as the Investment Managerfor Motilal Oswal Mutual Fund. It was incorporated on November 14, 2008. Itprovides Investment Management and Advisory Services to investors based withinand outside India and having AIF’s Portfolio Management Services business, ETFsand Mutual Funds. 

Motilal Oswal AMC (MOAMC) isone of the most honoured and trusted names in equity investing. MOAMC is one ofthe pioneers of PMS business with over 17 years of track record. It is also oneof the pioneers of passive funds in India through ETFs way back in 2010, MotilalOswal Nifty 50 ETF, Motilal Oswal Midcap 100 ETF, Motilal Oswal Nasdaq 100 ETF– the only offshore ETF and have exclusive rights for Nasdaq.

MOAMC is one of the fastestgrowing Asset Management Companies in India with a unique investmentphilosophy, ‘Buy Right; Sit Tight’ which means buying quality companies at areasonable price and Sit Tight to ride their growth cycle for a long period oftime.

For further details contact:

RohiniKute

Head, CorporateCommunication,

Motilal Oswal FinancialServices

Mob +91 9820196838

Mail:rohini.kute@motilaloswal.com

Motilal Oswal S&P 500Index Fund (MOFSP500)

(An open ended schemereplicating / tracking S&P 500 Index)

*Investors should consult theirfinancial advisers if in doubt about whether the product is suitable for                                 them

Mutual Fund Investments are subject to market risks, read all schemerelated documents carefully.

Please note: The other Fundsmanaged by the Fund Managers can be viewed on www.motilaloswalmf.com