Motilal Oswal MF has filed an offer document with SEBI for launching MOSt Shares NASDAQ FoF
Mumbai:
Motilal Oswal Mutual Fund has filed an offer document with SEBI to launch a fund
of fund scheme, MOSt Shares NASDAQ Fund of Fund.
The investment objective is to seek
returns by investing in units of Motilal Oswal MOSt Shares NASDAQ-100 ETF. The scheme would allocate
95-100 per cent of assets in units of Motilal Oswal MOSt Shares
NASDAQ-100 ETF with medium to high risk profile. It would further invest up to 5 per cent of assets in debt
and money market instruments with low risk profile.
The fund will be benchmarked against NASDAQ-100 Index.
It offers only the growth option and will charge 1 per cent as exit load if units
are redeemed with 1 year from the date of allotment. The fund will be managed Rajnish
Rastogi.
