Should you invest in Motilal Oswal Nasdaq 100 FOF?
However, some mutual funds advisors are recommending the NFO to their clients. They say the golden rule to opt for a seasoned fund instead of a newbie doesn't apply to this NFO. "Because the new FOF will invest in an ETF, it doesn’t need a track record. This scheme will essentially invest in the ETF tracking the Nasdaq 100, so the track record will be that of the index,” says Santosh Joseph, Founder and CEO, Germinate Wealth Solutions LLP.