Motilal Oswal MF launches new open-ended equity scheme

Motilal Oswal Mutual Fund has launched a new open-ended diversified equity scheme - Most Focused Multicap 35 Fund.

The new scheme seeks to achieve long-term capital appreciation by primarily investing in a maximum of 35 equity and equity-related instruments across sectors and market capitalisation levels, a company release said.

The new fund offer, which opened for subscription from April 7, will close on April 17, 2014.

The scheme will allocate a minimum of 65 per cent to equities and a maximum of 35 per cent in debt or money market instruments.

It may also invest in foreign securities up to 10 per cent of total net assets, the company said.

"In the long run, we have always seen alternating cycles of out-performance between large-cap, mid-cap and small-cap stocks.

"From that perspective, this new scheme becomes an ideal core holding proposition in an investor's equity portfolio allocation," said Aashish Somiyaa, Managing Director and Chief Executive Officer, Motilal Oswal AMC.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • For those who are left to survive a war-torn world, let there be peace

    The hunger games have begun, and they have started reaping our children. There is no way around it.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Urs Schöttli

Shifting sands in the Far East

As was to be expected, Japanese prime minister Shinzo Abe ...

Zehra Naqvi

When humanity died, bestiality prevailed

The terrorist attack that killed 132 children in Peshawar has ...

Bubbles Sabharwal

Why self-esteem must be your best friend forever

Two negatives do make a positive! Imagine no doubts, no ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture