Motilal Oswal Mutual Fund Launches Large and Midcap Fund

Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal Large and Midcap Fund, an open ended equity scheme. The NFO opens for subscription on September 27, 2019 and closes on October 11, 2019. Entry load is nil and Exit load will be 1%, if redeemed on or before 15 days from the date of allotment and Exit load will be nil, if redeemed after 15 days from the date of allotment. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against BSE 200 TRI and its fund managers are Aditya Khemani and Abhiroop Mukherjee.

The investment objective of the scheme is to provide medium to long-term capital appreciation by investing primarily in Large and Midcap stocks.

DSP Mutual Fund files offer document for DSP Value Fund

image of a man holding a light bulb representing an idea

DSP Mutual Fund has filed an offer document with SEBI to launch an open-ended equity scheme named ‘DSP Value Fund’. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load for holding period from the date of allotment: less than or equal to 12 months will be 1%, and for holding period greater than 12 months will be nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 500 Value 50 TRI. The minimum application amount for the initial purchase is Rs 500 and any amount thereafter.

The performance of the scheme will be benchmarked against Nifty 500 Value 50 TRI. The minimum application amount for the initial purchase is Rs 500 and any amount thereafter.