Momentum Fund Launch: Motilal Oswal Mutual Fund has launched the open-ended equity scheme based on Momentum Factor Theme Motilal Oswal Active Momentum Fund. The new fund of this scheme is open for offer or NFO subscription and will be closed on 10 March. The scheme will re -open for continuous sales and recurrent on 21 March.

Scheme investment purpose

The investment objective of this scheme is to achieve long-term capital growth by investing in equity and equity- equipment by investing through Momentum Factor-based approaches for stock selection. The scheme will be benchmark against the Nifty 500 Total Return Index and will be managed by Ajay Khandelwal, Varun Sharma and Rakesh Shetty.

Exit load

Within three months from the date of allocation, an exit load of 1% will be applicable to the redemption and after three months from the date of allocation, the exit load on the redemption will be zero.

Minimum investment amount

The minimum amount for a lump sum investment is 500 rupees and then in qualities of 1 rupee. The minimum amount for monthly SIP is Rs 500. After this, you can make a minimum of 1 rupee qualities with minimum 12 installments.

other details

Planning 80-100% equity and equity means to Momentum theme, 0-20% other equity and equity tools, 0-20% date and money market means (including cash and cash counterparts), 0-10 % Will be allocated in units of reits and invits and 0-5% mutual funds in liquid and date plans.

The investment of the scheme is the top 1,000 companies according to the universe market capitalization. The plan uses an ownership quantitative model to rank these shares based on their speed. The model calculates the speed score using one or several metrics.

For whom is it suitable for?

This scheme is suitable for investors who want long-term capital growth and mainly invest in equity or equity- equipment.