Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open ended equity linked saving Scheme as 'Motilal Oswal MOSt Focused Long Term Fund'. The New Fund Offer price is Rs 10 per unit.
Entry and exit load charges will be nil for the scheme. The scheme offers growth and dividend option and seeks to collect a Minimum Target Amount of Rs 10 crore.
The scheme will be benchmarked against scheme CNX 500 Index. The minimum application amount is Rs 5,000 and in multiples of Rs 500 thereafter.
The investment objective of the scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly equity and equity related instruments.
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