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.