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Motilal Oswal Mutual Fund on August 24 launched Motilal Oswal Equity Hybrid Fund (MOFEH). It will remain open for subscription until September 7, a release from the fund house stated.
The scheme will invest 65-70 percent in equity and the balance in debt. The fund will have a mixture of 65 -80 percent in equity, a multi-cap portfolio with large-cap bias.
The debt portion will consist of around 20-35 percent with an optimum mix of corporate bond and market instruments.
The scheme will be benchmarked against the CRISIL Hybrid 35+65 Aggressive TRI.
The fund house has launched this fund without dividend option instead, enabled cash flow plan for those investors who want a regular cash flow for their planned needs.
The plan will provide a regular source of funds from their invested corpus at a chosen rate and frequency.
The scheme will be managed by Siddharth Bothra.
The fund also offers investors to opt for Motilal Oswal Cash Flow Plan (MO-CP). This plan will enable investors to withdraw a regular sum from their investments at a fixed percentage of the original investments at a predefined frequency irrespective of the movement in the market value of the investments.
This is subject to availability of balance in the investors’ folio.
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