Motilal Oswal Mutual Fund files offer document for Manufacturing Fund
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Motilal Oswal Manufacturing Fund'. The offer price will be Rs 10 each. 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 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 Nifty India Manufacturing TRI. 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 engaged in the manufacturing activity.