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Motilal Oswal Mutual Fund files offer document for Build India Fund
Oct-08-2024

Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Build India Fund. The New Fund Offer price is Rs 10. Entry load will be nil. Exit load will be 1% -If redeemed within 3 months from the day of allotment; Nil -If redeemed after 3 months from the date of allotment. The Scheme offers Growth Option and 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 Infrastructure 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 are engaged directly or indirectly or are expected to benefit from the growth and development of the infrastructure sector in India.


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