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Friday, February 07, 2014

Motilal Oswal MOSt Focused Midcap 30 Fund Floats On

NFO period is from 03 February to 17 February 2014 

Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal MOSt Focused Midcap 30 Fund, an open ended equity scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is open for subscription from 03 February and closes on 17 February 2014. 

The investment objective of the scheme is to achieve long term capital appreciation by investing in a maximum of 30 quality mid-cap companies having long-term competitive advantages and potential for growth. 

The scheme offers growth and dividend option (payout and re-investment) under both regular plan and direct plan. 

The scheme would allocate 65% to 100% of assets in equity and equity related instruments selected between Top 101st and 200th listed companies by market capitalization, upto 25% in equity and equity related instruments beyond the Top 200th listed company and with market capitalization not lower than the smallest company in the CNX Midcap Index with high risk profile and upto 10% in debt, money market instruments, G-Sec, Bonds, Cash and Cash equivalents etc. with low risk profile. 

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. 

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period. 

Entry load charge will be Nil for the scheme. 

Exit Load: If redeemed / swithched-out on of before 1 year from the date of allotment, the exit load charge will be 2%. 

If redeemed / swithched-out after 1 year from the date of allotment, the exit load charge will be Nil. 

The entire exit load (net of service tax) charged, if any, shall be credited to the scheme.
Benchmark Index for the scheme is CNX Midcap Index. 

The fund managers for the scheme are Taher Badshah (Equity component) and Abhiroop Mukherjee (Debt component).
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