Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal Large and Midcap Fund, Large and Midcap Fund - An open-ended equity scheme investing in both large-cap and mid-cap stocks). The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 27 September 2019 to 11 October 2019.
The investment objective is to provide medium to long-term capital appreciation by investing primarily in Large and Midcap stocks.
Presently, two options are available under the scheme viz. growth and dividend option (with dividend payout and dividend reinvestment facility).
The scheme would allocate 35%-65% of assets in Equity and equity-related instruments of large-cap companies with medium to high-risk profile, invest 35%-65% of assets in equity and equity-related instruments of mid-cap companies with medium to high-risk profile, invest up to 30% of assets in equity and equity related instruments of other than above with medium to high risk profile, up to 30% of assets would be allocated to units of liquid/ debt scheme, Debt, Money Market Instruments, G-Secs, Cash and Cash at call, etc. with low to medium risk profile and invest up to 10% of asset in units issued by REITs and InvITs with Medium to high-risk profile.
The minimum application amount is Rs 500 and in multiples of Re. 1/- thereafter.
The minimum additional amount is Rs 500 and in multiples of Re. 1/- thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry Load: Nil
Exit Load: 1%- If redeemed on or before 15 days from the date of allotment.
Nil- If redeemed after days from the date of allotment.
Benchmark Index for the scheme is BSE 200 TRI.
The fund managers of the scheme are Aditya Khemani and Abhiroop Mukherjee.
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