Motilal Oswal Asset Allocation Passive FoF – Aggressive

Motilal Oswal Asset Allocation Passive FoF – Aggressive

Motilal Oswal Asset Allocation Passive FoF – Aggressive

Motilal Oswal MF has launched Motilal Oswal Asset Allocation Passive FoF in an Aggressive way.

Besides, it is an open-ended FoF. The scheme has opened for subscription on 19th February 2021 and will close on March 5th, 2021. Nevertheless, the scheme will re-open for continuous sale or repurchase of units within 5 days of the date of allotment.

Further, the FoF offer remains suitable for investors who seek to generate long-term growth or capital appreciation by offering asset allocation. Offer for the face value of Rs. 10/- per unit for cash during the New Fund Offer period and at continuous offer for units at NAV-based prices. 

Furthermore, Motilal FoF under Aggressive scheme is available in two plans namely Regular and Direct along with growth options.

Basic Details of Fund of Fund:

NFO Name Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive
Subscription Period Feb 19th, 2021 – March 5th, 2021
Type Open-ended Fund of Fund
Benchmark 60% Nifty 500 TRI + 20% S&P 500 TRI (INR) + 5% Domestic Price of Gold + 15% Nifty 5 Yr Benchmark G-Sec Index
Fund Manager Mr. Swapnil Mayekar, Mr. Abhiroop Mukherjee, Mr. Herin Visaria 

Investment Object:

The main purpose of the plan remains to yield long-term growth or capital appreciation by contributing asset allocation investment resolutions that mainly invest in passive funds. However, ETF/Index Funds of equity and equity-related instruments, fixed income, and Gold funds are considered under the passive funds.

According to the scheme information document, the Motilal Oswal Mutual Fund has targeted to collect around Rs. 10 crores through this scheme.

Minimum Investment:

Under the lumpsum investment plan, investors’ minimum application amount should be stood at Rs. 500 and in multiples of Re. 1 thereafter.

Under the SIP Plan:

 SIP Frequency  Minimum Installment Amount  Number of Instalments   Choice of Day/Date
Weekly Rs. 500/- and multiples of Re. 1/- thereafter Minimum – 12, Maximum – No Limit Any day of the week from Monday to Friday
Fortnightly Rs. 500/- and multiples of Re. 1/- thereafter Minimum – 12, Maximum – No Limit 1st-14th, 7th- 21st, and 14th- 28th
Monthly Rs. 500/- and multiples of Re. 1/- thereafter Minimum – 12, Maximum – No Limit Any day of the month except 29th, 30th or 31st
Quarterly Rs. 1,500/- and multiples of Re. 1/- thereafter Minimum – 4, Maximum – No Limit Any day of the month for each quarter (i.e., January, April, July, October) except 29th, 30th or 31st
Annual Rs. 6,000/- and multiples of Re. 1/- thereafter Minimum – 1, Maximum – No Limit Any day or date of his/her preference

The minimum additional amount should be Rs. 500/- and in multiples of Re. 1/- thereafter. Further, the minimum redemption amount at Rs. 500/- and in multiples of Re. 1/- thereafter or account balance, whichever is lower.

Entry does not apply to the scheme. On the other hand, exit load does applicable as 1%. If redeemed on or before 3 months from the date of allotment. Otherwise, it should be Nill if redeemed after 3 months from the date of allotment.

Motilal Oswal Asset Allocation Passive FoF Investment Pattern:

Instruments  Allocation (% of total assets)  Risk Profile
 Minimum  Maximum
Units of specified schemes of Mutual Fund  95%  100%  Medium to High
Units of Liquid schemes/Money Market Instruments  0%  5%  Low to Medium

Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.

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