Motilal Oswal Group Launches SIP for employees
For all its confirmed and on-roll employees, the Motilal group has launched Motilal Oswal Group SIP(MOGSIP). The employer will also match the SIP Contribution, once an employee starts a SIP(Systematic Investment Plan) in a Mutual Fund Scheme of Motilal Oswal AMC.
The objective of the plan is to help employees to ingest the philosophy of long term investing according to the information said by a source. Amongst the Motilal Oswal AMC, an employee can invest in one of the three pure equity mutual fund schemes like Multi cap equity mutual fund, Mid-cap equity mutual fund or the Focused equity mutual fund schemes.
More than 1,450 employees have opted for the program within the one-month of opening subscription to MOGSIP. The first month’s SIP has been invested on September 5.
Even though the organization committee has certain grade-wise caps. There is no furthest limit on the worker’s month to month commitment for contribution. For month to month memberships, Rs 500 is the base(minimum)amount taken.
There are so many people, who were not investing in the equity markets. Although many of our group employees are equity investors. Motilal Oswal the managing Director of MOFSL said that when we are advising the external world to invest in equity markets, then at the same time we need to encourage our own people to invest in equity markets. This will likewise enable them to acknowledge how earnings might be made utilizing long term investing resources into equity markets. Mutual funds are better choices for them as, a great manager knows all the nitty-gritties of equity markets, included Motilal Oswal.