Motilal Oswal Mutual Fund has announced the closing date of the New Fund Offer (NFO) period of Motilal Oswal Multi Asset Fund, a close-ended debt scheme, has been extended from 24 July 2020 to 27 July 2020.Powered by Capital Market - Live News

Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal Multi Asset Fund, an open ended equity scheme investing in equity, international equity index funds/equity ETFs, debt and money market instruments and gold exchange trade funds. The New Fund Offer price is Rs 10 per unit. The new issue will be open for subscription from 15 July 2020 to 24 July 2020. The investment objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio comprises of equity, International Equity Index Funds/ Equity ETFs , Debt and Money Market Instruments and Gold Exchange Trade Funds.. The scheme offers growth and dividend options (with payout & re-investment facility) under both regular plan and direct plan. The scheme shall invest 10%-50% in equity & equity related instruments and International Equity Index Funds/ Equity ETFs with high risk profile, invest 40%-80% in debt, money market instruments and invest 10%-20% in gold exchange traded funds with medium risk profile. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The minimum additional application amount is Rs 500 and in multiples of Re 1 thereafter. The fund seeks to collect a minimum subscription (minimum target) amount of Rs 20 crore under the scheme during the NFO period. Entry load: NilExit load: 1%-If redeemed on or before 3 months from the date of allotmentNil-If redeemed after 3 months from the date of allotment Benchmark Index for the scheme is 30% Nifty 50 TRI + 50% Crisil Short Term Gilt Index + 10% Domestic Price of Gold + 10% S&P 500 Index (TRI) The fund managers for the scheme are Siddharth Bothra (for equity component), Abhiroop Mukherjee (for debt component), Herin Visaria (for International Equity) and Swapnil Mayekar (for Gold).Powered by Capital Market - Live News

Motilal Oswal Mutual Fund has announced 28 March 2019 as the record date for declaration of dividend in the following schemes. The proposed dividend on the face value of Rs 10 per unit will be: Motilal Oswal Focused 25 Fund - Regular Plan - Dividend Option & Direct Plan-Dividend Option: Rs 0.50 per unit each. Motilal Oswal Focused Midcap 30 Fund - Regular Plan - Dividend Option & Direct Plan-Dividend Option: Rs 2.00 per unit each. Motilal Oswal Focused Multicap 35 Fund - Regular Plan - Dividend Option & Direct Plan-Dividend Option: Rs 1.00 per unit each. Motilal Oswal Long Term Equity Fund - Regular Plan - Dividend Option & Direct Plan-Dividend Option: Rs 0.30 per unit each. Motilal Oswal Dynamic Fund - Regular Plan - Annual Dividend Option & Direct Plan-Annual Dividend Option: Rs 0.30 per unit each.Powered by Capital Market - Live News

Motial Oswal Mutual Fund has announced that Gulam Siddique has been appointed as Vice President - Head - Risk Management and Internal Audit and key personnel of Motilal Oswal Asset Management Company, with effective from 26 February 2019. Details of Gulam Siddique Age: 38 years Designation: Vice President - Head - Risk Management and Internal AuditQualification: B.Com, Chartered AccountantPowered by Capital Market - Live News

Motilal Oswal Mutual Fund has announced that Deutsche Bank AG has been appointed as the new custodian & fund accountant of the schemes with effect from 02 February 2019 and accordingly, Citi Bank NA shall cease to be the custodian & fund accountant of the schemes of Motilal Oswal Mutual Fund with effect from 01 February 2019.Powered by Capital Market - Live News