Motilal Oswal Multi Asset Fund to be launched on July 15
Motilal Oswal AMC has announced that Motilal Oswal Multi Asset Fund, an open ended multi asset allocation fund, will be launched on Wednesday (July 15). The fund will be open for subscription from July 15 to 27, 2020.
According to a press release from the fund house, the major objective of fund’s investment is to generate long term capital appreciation by investing in a diversified portfolio comprising of Equity, Equity Exchange Traded Funds/ International Equity Index Funds, Debt and Money Market Instruments and Gold Exchange Traded Funds (ETEs).
The fund house also informed the benchmark for the fund is 30% Nifty 50 TRI + 50 % Crisil Short Term Gilt Index + 10% Domestic Price of Gold + 10% S&P 500 Index (TRI). Moreover, all investors can invest through lump sum or SIP mode with minimum subscription of Rs. 500/- during NFO and ongoing period of COVID-19.
Press release has stated, “Different asset classes react differently to business cycles, changes in economy & geo-political realities and hence have different levels of risk. Allocating funds solely to a single asset class is not prudent as it is prone to behave inconsistently, go through its own cycles and may not garner efficient inflation and risk adjusted returns. Asset allocation tries to balance the risk by dividing assets among investment vehicles. Low correlation among different asset classes provides the portfolio with an effective hedge lowering the volatility of the portfolio.”
Motilal Oswal Financial Services Ltd. (MOFSL) was founded in 1987 as a small sub-broking unit, with just 2 people running the show. Focus on customer-first attitude, ethical and transparent business practices, respect for professionalism, research based value investing and implementation of cutting-edge technology has enabled them to blossom into an over 6000 member team.
Today it is a well-diversified financial services firm offering a range of financial products and services such as Private Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management, Investment Banking, Private Equity, Commodity Broking, Currency Broking, and Home Finance.
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