Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct-Growth

About Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct-Growth
1. Motilal Oswal Nifty MidSmall Financial Services Index Fund - Direct Plan is Open-ended Sectoral-Banking Equity scheme which belongs to Motilal Oswal Mutual Fund House.
2. The fund was launched on Nov 06, 2024.

Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty MidSmall Financial Services Total Return Index, subject to tracking error. "
2. It is benchmarked against null.

Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around null% in equities, null% in debts and null% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around null% of the assets, the top 3 sectors constitute around null% of the assets.
3. The fund largely follows a null oriented style of investing and invests across market capitalisations - around null% in giant & large cap companies, null% in mid cap and null% in small cap companies.

Tax Implications on Motilal Oswal Nifty MidSmall Financial Services Index Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.