Motilal Oswal Mutual Fund (MOMF) has introduced the Motilal Oswal Nifty 500 Momentum 50 Index Fund, India's first of its kind.
This open-ended fund tracks the Nifty 500 Momentum 50 Total Return Index, focusing on high-momentum stocks across large, mid, and small-cap segments of the Nifty 500 index. The fund aims to offer exposure to top-performing stocks, with the index showing returns of 75.2% in the past year and 35.9% over the last five years.