Motilal MF Launches NFO Under Equity-Largecap Category
Motilal Oswal MF plans to launch a new fund offer. Its upcoming NFO is named as Motilal Oswal Nifty Next 50 Index Fund. The scheme will schedule for open on 3rd December. It is an open-ended equity scheme. The scheme offers a regular income over a long period.
Motilal Oswal’s NFO will close for subscription on 17th December. It plans to launch this NFO under Equity and Large-cap category.
The asset management of Motilal Oswal founded by Motilal Oswal Financial Services Limited. MOFSL is also maintained mutual fund house. Its schemes managed by Asset Management of Motilal.
Basic Details Of Motilal Oswal’s New Fund Offer
| NFO Name | Motilal Oswal Nifty Next 50 Index Fund |
| Subscription Period | Dec 03, 2019 – Dec 17, 2019 |
| Type | Open-Ended Index Fund |
| Benchmark | Nifty Next 50 TRI |
| Fund Manager | Swapnil P Mayerrkar |
The scheme is available in direct and regular plans along with growth and dividend options. A new fund offer contains a moderately high risk.
Objects
It seeks investment returns that agree with the performance of the Nifty Next 50 Index subject to tracking error.
Invest Least Amount
The minimum application amount is set at Rs 500 and in multiples of Re 1 thereafter. Investors also invest or pay a minimum of Rs 500 as an additional purchase or repurchase of units.
Entry load is not applicable under this nifty next 50 index funds. Investors should pay 1 percent as exit load if redeemed units on or before one year from the date of allotment.
This index fund will benchmark against NIFTY Next 50 TRI. This fund will manage by Swapnil P Mayerkar.
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.