Motilal Oswal Mutual Fund introduces 5 Year G-Sec Fund of Fund
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Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal 5 Year G-Sec Fund of Fund, an open-ended fund of funds scheme investing in units of Motilal Oswal 5 Year G-Sec ETF. The NFO opens for subscription on September 24, 2021, and closes on September 30, 2021. The Entry load is not applicable 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. The minimum subscription amount is Rs 500 & in multiples of Rs 1 thereafter.
The performance of the scheme shall be benchmarked against Nifty 5 yr Benchmark G-sec index and its fund manager is Abhiroop Mukherjee.
The investment objective of the Scheme is to seek returns by investing in units of Motilal Oswal 5 Year G-Sec ETF.
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