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Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal Equity Hybrid Fund, an open ended hybrid scheme investing predominantly in equity and equity related instruments. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 13 August to 25 August 2018.

The investment objective of the scheme is to generate equity linked returns by investing in a combined portfolio of equity and equity related instruments, debt, money market instruments and units issued by Real Estate Investment Trust (REITs) and Infrastructure Investment Trust (InvITs).

The scheme has two plans: regular plan and direct plan, each plan offers growth option

The scheme would allocate 65%-80% of assets in equity and equity related instruments with high risk profile and invest 20%-35% of assets would be allocated to debt & money market instruments, G-Secs, Bonds, Debentures, Cash and cash at call, etc with low to medium risk profile and invest upto 10% of assets would be allocated to units issued by REITs and InvITs with medium to high risk profile.

The minimum application amount is Rs 5000 and in multiples of Re. 1/- thereafter.

The minimum additional amount is Rs 1000 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 1 year from the date of allotment.

Nil - If redeemed after 1 year from the date of allotment.

Benchmark Index for the scheme is CRISIL Hybrid 35+65 - Aggressive TRI.

The fund managers of the scheme are Siddharth Bothra, Akash Singhania and Abhiroop Mukherjee.

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