Motilal Oswal MF introduces Services Fund
Motilal Oswal MF introduces Services Fund
May-20-2025 14:56 Hrs IST
Motilal Oswal Mutual Fund has launched Motilal Oswal Services Fund, an open-ended equity scheme investing in Services Sector. The NFO opens for subscription on May 20, 2025 and closes on June 03, 2025. No Entry Load is charged for the scheme. The Exit load will be 1% - If redeemed within 90 days from the day of allotment and Nil - If redeemed after 90 days from the date of allotment. Exit Load will be applicable on switch amongst the Schemes of MOMF. No Load shall be imposed for switching between Options within the Scheme. Further, it is clarified that there will be no exit load charged on a switch-out amongst the plans within the same scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The performance of the Scheme will be benchmarked at Nifty Services Sector Total Return Index and its fund managers are Ajay Khandelwal, Bhalchandra Shinde, Atul Mehra, Rakesh Shetty and Sunil Sawant.
The investment objective of the scheme is to generate long-term capital appreciation by investing in equity or equity related instruments across market capitalization of companies derive the majority of their income from business in the Services sector of the economy.
