Motilal Oswal Mutual Fund has launched a new fund as Motilal Oswal MOSt Focused Long Term Fund (MOSt Focused Long Term), an open ended Equity Linked Saving Scheme (ELSS) with a 3 year lock-in. The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
The new fund offer open (NFO) for subscription from December 26, 2014 to January 15, 2015. The new fund offer price is Rs 10 per unit.
The scheme offers growth and dividend (payout) options under both regular plan and direct plan.
The minimum application amount is Rs 500 and in multiples of Rs 500 thereafter.
The entry and exit load charge will be nil for the scheme.
The scheme shall invest 80-100% in equity & equity related instruments with high risk profile and up to 20% in debt instruments, money market instruments, G-Secs, cash and cash at call, etc with low to medium risk profile.
The benchmark Index for the scheme is CNX 500 Index
The fund managers for the scheme are Gautam Sinha Roy (equity portfolio) and Abhiroop Mukherjee (debt portfolio).
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