Motilal Oswal Multi Asset Fund Floats On

July 10,2020

Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal Multi Asset Fund, an open ended equity scheme investing in equity, international equity index funds/equity ETFs, debt and money market instruments and gold exchange trade funds. The New Fund Offer price is Rs 10 per unit. The new issue will be open for subscription from 15 July 2020 to 24 July 2020.

The investment objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio comprises of equity, International Equity Index Funds/ Equity ETFs , Debt and Money Market Instruments and Gold Exchange Trade Funds..

The scheme offers growth and dividend options (with payout & re-investment facility) under both regular plan and direct plan.

The scheme shall invest 10%-50% in equity & equity related instruments and International Equity Index Funds/ Equity ETFs with high risk profile, invest 40%-80% in debt, money market instruments and invest 10%-20% in gold exchange traded funds with medium risk profile.

The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The minimum additional application amount is Rs 500 and in multiples of Re 1 thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.

Entry load: Nil

Exit load: 1%-If redeemed on or before 3 months from the date of allotment

Nil-If redeemed after 3 months from the date of allotment

Benchmark Index for the scheme is 30% Nifty 50 TRI + 50% Crisil Short Term Gilt Index + 10% Domestic Price of Gold + 10% S&P 500 Index (TRI)

The fund managers for the scheme are Siddharth Bothra (for equity component), Abhiroop Mukherjee (for debt component), Herin Visaria (for International Equity) and Swapnil Mayekar (for Gold).

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