Motilal Oswal Mutual Fund files offer document for Digital & Technology Fund
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Digital & Technology Fund'. The offer price will be Rs 10 each. Entry load will be nil and 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 and Income Distribution Cum Capital Withdrawal Option for investment. The minimum target subscription amount for the Scheme to be raised is Rs 10 crore.

The performance of the scheme will be benchmarked against BSE Teck TRI. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to generate long term growth of capital, through a portfolio with a target allocation of 80% in equity, focusing on investing in companies operating in or benefiting from digitization and technology.