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Motilal Oswal Mutual Fund files offer document for Innovation Opportunities Fund
Oct-08-2024
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Innovation Opportunities Fund'. The New Fund Offer price is Rs 10. Entry load will be nil. Exit load will be 1% -If redeemed within 90 days from the day of allotment, and Nil -If redeemed after 90days from the date of allotment. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal 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 500 Total Return Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies that will benefit from the adoption of innovative strategies or following the innovation theme.

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