Low-cost wealth creation opportunity: Why financial planners are recommending Nifty 500 over Nifty 50

Financial planners are suggesting Motilal Oswal Mutual Fund's Nifty 500 Index Fund to clients seeking a streamlined equity portfolio with fewer schemes. The fund, encompassing a diverse range of companies across large-cap, mid-cap, and small-cap segments, has outperformed the Nifty 50 in recent years.