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Motilal Oswal Mutual Fund (MF) has launched Motilal Oswal Quant Fund, an open-ended equity scheme investing based on a quant investment framework. The NFO opens for subscription on June 03, 2024 and closes on June 05, 2024. 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 and in multiples of Re 1 thereafter.

The performance of the scheme will be benchmarked against Nifty 200 Index TR and its fund managers are Ajay Khandelwal and Rakesh Shetty.

The investment objective of the scheme is to generate medium to long-term capital appreciation by investing in equity and equity related instruments selected based on a proprietary quantitative investment framework.