Motilal Oswal Mutual Fund has launched Motilal Oswal Large and Midcap Fund (MOFLM).
The scheme aims to provide medium to long-term capital appreciation by investing primarily in large and midcap stocks. Like other schemes of the fund house, this scheme will follow the ‘buy right sit tight’ approach, which believes in holding quality companies for a long term. Aditya Khemani and Abhiroop Mukherjee will jointly manage the fund.
In a press release, the company said, “The focus will be on companies which can compound income at a steady rate for a long period of time rather than cyclical companies. It will be a concentrated and high conviction portfolio having around 25 stocks.”
Sharing the rationale for this launch, Aashish Somaiyaa, MD & CEO, Motilal Oswal MF said,” The largest product segment in the equity mutual funds industry is usually some combination of large cap and mid cap stocks which offer a fine balance of relative conservatism with high growth opportunities. We have established a track record with our Motilal Oswal MultiCap 35 Fund since its inception and given the almost 50:50 kind of combination of the Motilal Oswal Large MidCap Fund we are quite positive about the prospects of this fund. While the NFO is about setting a long term initiative into motion, we urge investors, distributors and advisors to keep this on their investment radar as we build the track record in this fund too.”
