Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal Liquid Fund, an open ended liquid scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 11 December to 18 December 2018.
The investment objective of the Scheme is to generate optimal returns with high liquidity to the investors through a portfolio of money market securities.
The scheme has two plans: regular plan and direct plan, each plan offers growth option.
The scheme would allocate upto 100% of assets in CBLO, Treasury Bills, Cash Management Bills and Commercial Deposits of Scheduled Commercial Banks having maturity upto 91 days only with low risk profile.
The minimum application amount is Rs 500 and in multiples of Re. 1/- thereafter.
The minimum additional amount is Rs 500 and in multiples of Re. 1/- thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period.
Entry & Exit load: Nil
Benchmark Index for the scheme is CRISIL Liquid Fund Index
The fund manager of the scheme is Abhiroop Mukherjee.