Motilal Oswal Mutual Fund files offer document for Quality Fund
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Quality Fund'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load will be nil. If redeemed on or before 90 days from the day of allotment, exit load will be 1%.If redeemed after 90 days from the date of allotment, exit load will be Nil. The Scheme offers growth and IDCW option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty 200 Quality 30 Total Return Index. The minimum application will be Rs 500 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments selected using quality factor-based investment approach.
