Motilal Oswal Asset Management Company has launched Motilal Oswal MOSt Focused 25 Fund, an open ended equity scheme.
This is the first actively managed fund from Motilal Oswal. The NFO (New Fund Offer) will open for subscription on April 22 and will close on May 6. The minimum application amount is Rs. 10,000 and in multiples of Re. 1 thereafter. The scheme's performance will be benchmarked against CNX Nifty. There are no entry or exit loads.
Fund Objective..!
The objective of the scheme is to achieve long term capital appreciation by investing in up to 25 companies. The fund manager will select companies with long term sustainable competitive advantage and growth potential. The fund manager will not time the market but will look at investing in good quality companies which have a long term potential.
The fund is aimed at investors who would prefer to stay invested for atleast three to five years with a medium to long term horizon. The fund will be managed by Taher Badshah and Abhiroop Mukherjee
Asset Allocation...!
The scheme will invest 65 to 100 % from the top 200 listed companies by size of market capitalisation, upto 25 % in companies beyond Top 200 listed companies by size of market capitalisation but with minimum market capitalization of Rs. 1, 400 crores and the balance 10 % in Debt and Money Market Instruments, G-Sec's, and bonds.
Along with this, the scheme will limit its exposure to only 25 companies.
Investors looking to take concentrated bets in large cap stocks could invest
Scheme details
NFO Period: 22 April 2013 to 6 May 2013
Expenses
Maximum total expense ratio (TER) permissible under Regulation 52(6)(c)(i) and (6)(a): Up to 2.50%
Additional expenses under regulation 52 (6A)(c): Up to 0.20%
Additional expenses for gross new inflows from specified cities: Up to 0.30%
Benchmark index: CNX Nifty Index
Entry Load: Nil
Exit Load: Nil
Minimum Application Amount (During NFO): Rs10,000 and in multiples of Re1 thereafter.
Additional Application Amount: Rs. 1,000 and in multiples of Re1 thereafter.
Systematic Investment Plan (SIP):
Minimum instalment amount - Rs1,000 and Rs2,000, respectively, for monthly and quarterly frequency respectively and in multiples of Re1 thereafter.
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