Motilal Oswal Digital India Fund: Motilal Oswal Asset Mutual Fund has launched a new fund (NFO) in the market. It has been named Motilal Oswal Digital India Fund. It is an open-ended equity scheme in which investments will be made in technology, telecom, media, entertainment, and other digital sectors. Investors can invest through this NFO to increase their capital in the long term. This fund is open from October 11, and its subscription can last until October 25.
This NFO Will Invest In Companies Related To The Digital Sector
This NFO aims to invest in companies related to the digital sector, including companies with the potential to grow. It will invest in equity and equity-based instruments. These will also include software, hardware, internet, and e-commerce companies. Its benchmark is the BSE Tech Total Return Index.
According to Motilal Oswal, India is among the top countries in the world where the digital world has spread rapidly. The number of internet users in the country will reach one billion by next year. Besides, the number of smartphone users has also increased 30 times compared to 2010. The use of UPI is also growing rapidly in the country.
Expansion Of Internet Has Led To A Boom in E-commerce and Social Media.
According to the report, 38 percent of people in rural areas also do digital transactions. Every Indian spends about 6.45 hours online. Due to this, e-commerce and social media platforms are growing rapidly. This boom has increased the business of fintech, food tech, InsurTech, and digital logistics companies. Opportunities worth about $ 900 billion have been created in the digital sector. Prateek Agarwal, CEO and MD of Motilal Oswal Asset Management Company, said the country’s internet economy is expanding. We want to prepare a good fund by paying attention to this.
All Measures Taken To Keep The Risk Factor Low
The company has also used means to minimize the risk factor. The company’s Chief Investment Officer, Niket Shah, said that we have reached the level of America in the digital sector. Enough opportunities are available for the growth of the tech industry in the country. The IT sector is also progressing. The use of technology is increasing a lot among the youth. We want to be a part of the growth of this sector through our NFO.
