Motilal Oswal’s asset management company has announced the new fund offer for its open-ended dynamic equity fund. The NFO will be open from September 6-20, the company said in a press release.
The product is structured as a balanced fund with equity investments of between 65 per cent to 100 per cent, the allocation depending on market valuations. A maximum of 35 per cent can be invested in equity derivatives and another cap of 35 per cent on debt and money market instruments.
The net long-only equity exposure shall be a minimum of 30 per cent of the portfolio value. The fund offers a direct and regular plan, both with growth and dividend options.
The minimum application amount will be ₹5,000 while the SIP option begins at ₹1,000.
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