Premium| Listen to this article |
Mutual funds: Despite global economy reeling under the heat of higher inflation and Covid-19-related pressure, Indian equity market has delivered stellar return to its investors. This list of equity investment includes mutual fund investments as well. In last two and half years, Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth plan — an equity small-cap index fund, has doubled its investors money in this period.
As per the Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth performance table, net Asset Value or NAV price has surged from ₹10 (6th September 2019) to ₹20.07 apiece today, logging more than 100 per cent rise in this time frame. So, if an investor had invested a lump-sum amount at the time of this small-cap index plan inception, its money would have doubled in this period.
Alpha return for investors
This mutual funds equity small-cap index plan has been generating alpha return for its investors since its inception on 6th September 2019. In last one year, it has generated near 26 per cent absolute return for its investors while category average return in this period stands at 12.20 per cent. However, in last two years, this mutual fund plan is highest return giving plan in its category. In last one year, it has delivered 105.75 per cent absolute return against the category average return of around 43.50 per cent. Since inception on 6th September 2019, this mutual funds equity small-cap index plan has generated more than 102 per cent absolute return against the category average return of near 32.50 per cent.
Return for mutual funds SIP investors
For those mutual fund investors, who invested in Systematic Investment Plan (SIP) mode in Motilal Oswal Nifty Smallcap 250 Index Fund Direct Growth plan, this equity small-cap index plan has generated around 4.70 per cent absolute return and 8.85 annualised return in last one year whereas in last two years, it has given more than 50 per cent absolute return and around 45 per cent annualised return to its investors.
Here we list out important details of this mutual fund scheme:
- Fund Manager: Swapnil P Mayekar;
- Expense ratio: 0.31 per cent as declared on 31st December 2021 (category average is 0.27 per cent);
- Benchmark: Nifty 50;
- Minimum one-time investment amount: ₹500;
- Minimum SIP amount: ₹500; and
- Lock-in period: No lock-in period.
Never miss a story! Stay connected and informed with Mint. Download our App Now!!