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Motilal Oswal Mutual Fund announced the launch of the Motilal Oswal Developed Market Ex US ETFs Fund of Funds, an open-ended fund of funds scheme investing in units of global ETFs that track the performance of developed markets excluding the US.
The scheme opened for public subscription on September 18, 2023, and will close on September 21, 2023. The scheme re-opens for continuous sale and repurchase within five business days from the date of allotment.
Q. What kind of mutual fund scheme is this?
This is an open-ended fund-of-funds scheme investing in units of global ETFs that track the performance of developed markets excluding the US.
This product is suitable for investors seeking
- Long-term capital appreciation
- To invest in global ETFs that track the performance of developed markets ex-US.
Q. What is the main objective of investing in this fund?
The investment objective is to generate long-term capital appreciation by investing in units of global ETFs that track the performance of developed markets excluding the US, subject to tracking error, if any. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved.
Q. How may one invest in this scheme?
Investors can invest under the scheme with a minimum investment of ₹500 per plan/option and in multiples of Re 1. There is no upper limit for investment.
Under normal circumstances, the asset allocation of the scheme will be as follows:
| Instruments | Indicative allocations (% of total assets) | Risk Profile | |
Minimum | Maximum | ||
Units of developed market Ex-US ETF schemes | 95% | 100% | High |
Units of liquid scheme and/or money market Instruments | 0% | 5% | Low |
Q. Are there similar mutual funds in the market?
To date, no asset management company (AMC) has launched such a fund, thus, making Motilal Oswal Mutual Fund India first mutual fund house to launch a fund in the Developed Market Ex US ETFs Fund of Funds category.
Q. How will the scheme benchmark its performance?
The performance of the scheme will be benchmarked against the S&P Developed Ex-US BMI Total Return Index.
Are there any entry or exit loads to this scheme?
This scheme involves no “Entry Load”, which means that investors do not have to pay anything to park their earnings in this scheme. The “Exit Load” would be charged as per the following:
- 1%, if redeemed on or before 15 days from the date of allotment.
- Nil, if redeemed after 15 days from the date of allotment.
Q. Who will manage this scheme?
The fund will be managed by Ankush Sood and Rakesh Shetty.
Q. Does the fund contain any inherent risk?
The scheme involves “Very High Risk” as per the details mentioned in theScheme Information Document and is best suited to investors willing to understand that their principal will be subject to very high risk. However, investors should consult their financial advisors if they doubt whether the product is suitable for them.