Motilal Oswal Mutual Fund files offer document for Multi Thematic Active Fund of Funds
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds scheme named ‘Motilal Oswal Multi Thematic Active Fund of Funds'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load will be nil. Exit load will be 1%-If redeemed on or before 365 days from the date of allotment; and Nil-If redeemed after 365 days from the date of allotment. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty 500 Total Return Index. The minimum application amount will be Rs 500 and in multiples of Re1 thereafter.
The investment objective of the scheme is to seek to generate long-term capital appreciation by investing in units of thematic domestic equity-oriented schemes based on various market caps.
