Motilal Oswal Multi-Asset Fund NFO Period From 15th July to 27th July 2020:
Motilal Oswal Mutual Fund to launch its new fund offer, namely, Motilal Oswal Multi-Asset Fund. So then, this fund comes as an open-ended hybrid scheme. Also, it would invest in money market instruments. Besides, the NFO subscription period started on 15th July 2020. However, it remains closed on 27th July 2020.
|Fund Name||Motilal Oswal Multi-Asset Fund|
|Fund House||Motilal Oswal Mutual Fund|
|NFO Period||15th July to 27th July 2020|
The Motilal Oswal MF NFO offered the initial price of Rs. 10 per unit in the subscription period. The composite benchmark of this NFO is 30% Nifty 50 TRI + 50% Crisil Short Term Gift Index + 10% Domestic Price of Gold + 10% S&P 500 Index (TRI).
Entry Load and Exit Load:
There was nil entry load for this NFO. Similarly, the exit loads, for redeemed or switched out within 3 months 1% of the NAV applicable. For redeemed or switched out after 3 months nil.
Motilal Oswal Multi-Asset Fund Minimum investment amount:
Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood as Rs. 500 and in multiples of ₹ 1 thereafter. Also, for additional purchases, the minimum amount would remain Rs. 500 and in multiples of ₹ 1 thereafter.
Objects of the NFO:
The investment objective of the scheme is to generate long term capital appreciation and by investing in a diversified portfolio comprises equity, international equity index funds.
|Instruments||Allocation (% of total assets)||Risk Profile|
|Equity, Equity related instruments, and International Equity Index Fund||10% to 50%||High|
|Debt, Money Market Instruments||40% to 80%||Medium|
|Gold Exchange Traded Funds||10% to 20%||Medium|
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 investing.