Motilal Oswal AMC launches India’s first-ever Nifty Microcap 250 Index Fund

Current Context: Motilal Oswal Asset Management Company (MOAMC) has launched Motilal Oswal Nifty Microcap 250 Index Fund, which is India’s only passive fund offering exposure to microcap stocks.

• The fund will replicate the performance of the Nifty Microcap 250 Index, which measures the performance of the top 250 companies excluding those already present in the Nifty 500 constituents.
• The fund aims to provide investors with an opportunity to participate in the growth potential of microcap stocks, which have historically offered higher returns than large, mid and small-caps, albeit with much higher risk.
• The new fund offer period for the fund commenced on June 15 and will close on June 29. The minimum application amount for lump sum and systematic investment plan (SIP) will be Rs 500.

Question:

Q.1 Which asset management company has launched the Motilal Oswal Nifty Microcap 250 Index Fund?
a. HDFC AMC
b. ICICI Prudential AMC
c. Motilal Oswal AMC
d. SBI AMC