Motilal Oswal MF will be launching the scheme Motilal Oswal MOSt Fixed Maturity Plan – Series 1- Annual Plan 1 (MOSt FMP Series 1-A1).
The NFO will open on June 22, 2012 and close on June 28, 2012. The minimum application amount will be Rs. 10,000.
The objective of the scheme will be, to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity profile of the scheme. The scheme will invest 100% of its assets in Domestic debt instruments including government securities, money market instrument and securitized debt. However securitized debt will have a maximum of 15% allocation. The scheme will offer dividend and growth options.
The benchmark for the scheme will be CRISIL Short Term Bond Fund Index. The fund manager will be Abhiroop Mukherjee.
