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Motilal Oswal Mutual Fund files offer document for Multi Factor Fund of Funds
Oct-08-2024
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds named ‘Motilal Oswal Multi Factor Fund of Funds'. The New Fund Offer price is Rs 10. Entry load will be nil. Exit load will be 1% -If redeemed on or before 15 days from the date of allotment, and Nil -If redeemed after 15 days from the date of allotment. The Scheme offers Growth Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 200 Total Return Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereof.

The investment objective of the scheme is to generate returns by offering multi factor investment solution that predominantly invests in units of factor-based ETFs and/or Index Funds.

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