Motilal Oswal MF introduces Arbitrage Fund
Motilal Oswal Mutual Fund has launched Motilal Oswal Arbitrage Fund, an open-ended equity scheme investing in arbitrage opportunities. The NFO opens for subscription on December 16, 2024 and closes on December 19, 2024. The Entry Load is nil for the scheme. The Exit Load will be 0.25% - If redeemed within 30 days from the day of allotment and Nil - If redeemed after 30 days from the date of allotment. The minimum subscription amount is Rs 500/- and in multiples of Re. 1/- thereafter.
The performance of the scheme will be benchmarked at Nifty 50 Arbitrage Index Total Return Index and its fund managers are Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra and Rakesh Shetty.
The investment objective of the scheme is to generate long term growth of capital by predominantly investing in arbitrage opportunities present between the cash and derivate markets, as well as within the derivative segment, complemented by investments in debt securities and money market instruments.
