Motilal Oswal AMC launches Nifty200 ETF, Index Fund

Mumbai: Motilal Oswal Asset Management Company (MOAMC) has announced the launch of Motilal Oswal Nifty200 Momentum 30 ETF (Exchange Traded Fund) and Motilal Oswal Nifty200 Momentum 30 Index Fund. These are open ended schemes replicating or tracking the performance of Nifty200 Momentum 30 Index. The momentum factor refers to the tendency of winning stocks to continue performing well in the near term. Globally factor investing and particularly Momentum Factor has caught investor attention over last decade.

Navin Agarwal, MD & CEO, MOAMC, said: "With an objective to bring products in accordance to the evolving needs of the investors, MOAMC will be introducing a slew of the funds in the factor investing segment which will be suitable for investors looking for exposure to factors."

Amongst the key attributes of the index is its ability to catch market trends early with dynamic sector rotation which has largely been skewed towards Large caps.