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Motilal Oswal S&P 500 Index Fund Floats On

April 02,2020

Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal S&P 500 Index Fund, an open ended scheme replicating / tracking S&P 500 Index. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 15 April to 23 April 2020.

The investment objective of the Scheme is to seek investment return that corresponds to the performance of S&P 500 Index subject to tracking error.

The scheme has two plans: regular plan and direct plan, each plan offers growth option

The scheme would allocate 95%-100% of assets in Equity and equity related securities covered by S&P 500 Index with high risk profile and invest upto 5% of assets would be allocated to Debt, Money Market Instruments, overseas mutual fund schemes or exchange traded funds. with low to medium risk profile.

The minimum application amount is Rs 500 and in multiples of Re. 1/- thereafter.

The minimum additional amount is Rs 500 and in multiples of Re. 1/- thereafter.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry Load: Nil

Exit Load: 1%- If redeemed on or before 3 months from the date of allotment.

Nil- If redeemed after 3 months from the date of allotment.

Benchmark Index for the scheme is S&P 500 Index TRI.

The fund managers of the scheme are Herin Visaria & Abhiroop Mukherjee.

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