Motilal Oswal Asset Management has introduced the Motilal Oswal Nifty India Defence Index Fund, an open-ended passive fund tracking the Nifty India Defence Index. This fund offers investors exposure to the booming Indian defence sector, driven by government initiatives like "Atmanirbhar Bharat." The fund follows the performance of the top 15 defence companies, with high historical returns but also high volatility and sector-specific risks. Ideal for investors seeking long-term growth and willing to diversify into a high-risk sector, the fund's subscription window is open until June 27, 2024.