MUTUAL FUNDS
Motilal Oswal Mutual Fund files offer document for Nifty India Defence Index Fund
Mar-24-2026

Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Contra Fund’. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil. Exit load will be 1% - if redeemed within 365 days from the day of allotment; Nil - If redeemed after 365 days from the date of allotment. The Scheme offers growth and income Distribution cum Capital withdrawal (IDCW) Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against Nifty 500 (Total Return Index). The minimum application amount during NFO will be Rs 500 and in multiple of Rs 1 thereafter.

The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing inequity and equity related instruments through contrarian strategy.

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