Motilal Oswal MOSt Fixed Maturity Plan - Series 1 - Annual Plan 1 Floats On

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Motilal Oswal MOSt Fixed Maturity Plan
Motilal Oswal Mutual Fund has launched a new fund named as Motilal Oswal MOSt Fixed Maturity Plan - Series 1 - Annual Plan 1, a close ended debt scheme with the duration of 366 days from the date of allotment.

Investment Objective:

The investment objective of the scheme is to seek to generate income by investing in a portfolio of debt and money market instruments maturing on or before the maturity of the scheme.

The scheme shall offer two options i.e. dividend payout and growth option.

Allocation of Funds:

The scheme would allocate upto 100% of assets in domestic debt instruments including government securities, money market instrument and securitized debt with low to medium risk profile. 95% to 100% of assets would be invested in A1+ / AAA rated commercial papers and upto 5% in A1 / AA rated CBLO, G secs, T-Bills & Repo.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Basic Details:

NFO Opens: June 22, 2012
NFO Closes: June 28, 2012
NFO: Rs 10 per unit
Benchmark: CRISIL Short Term Bond Fund Index.
Minimum Application Amount: Rs 10000 and in multiples of Rs 1 thereafter
Manager: Mr. Abhiroop Mukherjee

Read more about: mutual funds
Story first published: Thursday, June 28, 2012, 14:19 [IST]
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