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Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal MSCI EAFE Top 100 Select Index Fund, an open-ended scheme replicating/ tracking MSCI EAFE Top 100 Select Index. The NFO opens for subscription on November 15, 2021 and closes on November 25, 2021. The Entry load is nil for the scheme. The 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 if redeemed or switched out after completion of 12 months from the date of allotment of units. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against MSCI EAFE Top 100 Select Index and its fund managers are Ankush Sood and Abhiroop Mukherjee.

The investment objective is to generate long term capital appreciation by investing in securities of MSCI EAFE Top 100 Select Index subject to tracking error.