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.

EDITORIAL OF THE DAY

  • Public musn’t pay for domestic servants for our diplomats

    Nothing seems to have changed in the year and half since the fur that flew thick and fast over the case of diplomat Debjani Khobragade and her maid Sa

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Urs Schoettli

Economic integration in east Asia

As trade agreements within a global framework have become increasingly ...

Rajgopal Nidamboor

Up the ante of your conscious existence

It sounds cryptic, but is not as complex as it ...

Gautam Gupta

The ‘fake’ issue needs to be taken seriously

E-commerce players are witnessing unbelievable growth globally. Competition is increasing ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture