01-01-1970 12:00 AM | Source: Accord Fintech
Motilal Oswal AMC announces merger of the schemes
News By Tags | #2032 #349 #392

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Motilal Oswal Asset Management Company (AMC) has announced notice cum addendum to the Scheme Information Document (SID) and Key Information Memorandum (KIM) of designated schemes of Motilal Oswal Mutual Fund.

 

Motilal Oswal Mutual Fund (MF) informed that the Board of Directors of Motilal Oswal Asset Management Company (MOAMC) and Motilal Oswal Trustee Company (MOTC) the Investment Manager and Trustee to Motilal Oswal Mutual Fund (the Fund), respectively have approved the merger of the Scheme, Motilal Oswal Nifty G-sec May 2029 Index Fund ((An open-ended target maturity index fund replicating / tracking the Nifty G-sec May 2029 Index) (A Relatively High Interest Rate Risk and Relatively Low Credit Risk.) (Merging Scheme) with Motilal Oswal 5-Year G-Sec Fund of Fund (An open ended fund of funds scheme investing in units of Motilal Oswal Nifty 5 YR Benchmark G-Sec ETF) (A-III A Relatively Low Interest Rate Risk and Relatively Low Credit Risk)) (Transferee Scheme). 

 

This addendum forms an integral part of SID and KIM of the Scheme(s) of MOMF. All other contents remain unchanged.