Motilal Oswal Mutual Fund (MF) has launched the Motilal Oswal Nifty 200 Momentum 30 Index Fund, an open-ended fund replicating / tracking the Nifty 200 Momentum 30 Total Return Index. The NFO opens for subscription on January 21, 2022 and closes on February 04, 2022.
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 Momentum 30 Total Return Index and its fund managers are Swapnil Mayekar and Abhiroop Mukherjee.