What Is Net Worth & How To Calculate It?
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A fund of funds scheme is a unique type of mutual fund. It doesn’t invest in stocks or bonds. Rather, it invests in other mutual funds and ETFs. Hence the name, ‘fund of funds’.
A relatively nascent scheme, the Motilal Oswal Nasdaq 100 Fund of Fund invests in Motilal Oswal Nasdaq 100 ETF (Exchange Traded Fund). Let’s look at some of its key ratios and historical figures to know how it has been doing so far.
Motilal Oswal Nasdaq 100 Fund of Fund predominantly invests in Motilal Oswal Nasdaq 100 ETF. An Exchange Traded Fund is a collection of securities like stocks, bonds, and other securities.
ETFs fall under the category of mutual funds but can be traded on the share market just like stocks. ETFs mirror the index that they trade under which means their portfolio consists of all the stocks listed on the index.
Similarly, Motilal Oswal Nasdaq 100 ETF tracks Nasdaq-100, which means it invests in all stocks listed on the Nasdaq-100 index.
Motilal Oswal Nasdaq 100 Fund of Fund seeks to generate long term returns by investing in the Motilal Oswal Nasdaq 100 ETF. However, there is no assurance or guarantee that the investment objective of the Scheme would be achieved.
Note: All facts and figures are updated as of 03/01/2022 and are taken from publicly available sources. While we update our pages regularly, we advise you to check the Cube Wealth App for the latest data.
Note: Stocks & ETFs mentioned above are a part of the fund’s portfolio as of 03-01-2022. This information is subject to change at any time.
Motilal Oswal Nasdaq 100 Fund of Fund is managed by Abhiroop Mukherjee and Swapnil P Mayekar.
Abhiroop Mukherjee holds a B.Com degree and a PGP in Business Finance. He carries over 6 years of experience and has been associated with PNB Gilts before joining the Motilal Oswal Asset Management Company.
Swapnil P Mayekar has a Masters degree in commerce, and 10 years of professional experience.
Cube Wealth strongly advises investors to consult a Cube Wealth Coach before investing in any mutual fund.
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Wealth First was founded in 2000 and has over 3000+ clients and an AUM of ₹7000+ crores.
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Ans. Motilal Oswal Nasdaq 100 FoF has generated 34.65% returns over the past year by investing in the Motilal Oswal Nasdaq 100 ETF. The fund is currently being recommended on the Cube Wealth app by Cube's advisor, Wealth First. Get a free risk analysis done to know if you should invest in the Motilal Oswal Nasdaq 100 FoF on Cube Wealth.
Ans. Motilal Oswal Nasdaq 100 is a "fund of fund" scheme. Instead of investing in stocks like other equity mutual funds, it invests in the Motilal Oswal Nasdaq 100 ETF that in turn invests in all the stocks listed on Nasdaq 100.
Ans. The fund's performance is tied to the Nasdaq 100 index, which can be volatile, especially during market fluctuations. Currency risk is also a factor since it involves investments in U.S.-based companies.
Ans. The fund is generally more suitable for long-term investors who believe in the growth potential of technology companies. Short-term fluctuations may not be the best indicator of its potential.
Investing in the Motilal Oswal Nasdaq 100 Fund of Fund - Regular Plan can be an appealing option for investors seeking exposure to some of the world's leading technology and internet-based companies. The Nasdaq 100 index represents innovation and growth in the tech sector, making it an attractive proposition.
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