Motilal Oswal Asset Allocation Passive FoF – Aggressive
Motilal Oswal MF has launched Motilal Oswal Asset Allocation Passive FoF in Aggressive way.
Besides, it is an open-ended FoF. The scheme has opened for subscription on 19th February 2021 and will close on March 05, 2021. Nevertheless, the scheme will re-open for continuous sale or repurchase of units within 5 days of the date of allotment.
Further, the FoF offer remains suitable for investors who seek to generate long term growth or capital appreciation by offering asset allocation. Offer for the face value of Rs. 10/- per unit for cash during the New Fund Offer period and at continuous offer for units at NAV based prices.
Furthermore, Motilal FoF under Aggressive scheme is available in two plans namely Regular and Direct along with growth options.
Basic Details of Fund of Fund:
| NFO Name | Motilal Oswal Asset Allocation Passive Fund of Fund – Aggressive |
| Subscription Period | Feb 19, 2021 – March 05, 2021 |
| Type | Open-ended Fund of Fund |
| Benchmark | 60% Nifty 500 TRI + 20% S&P 500 TRI (INR) + 5% Domestic Price of Gold + 15% Nifty 5 Yr Benchmark G-Sec Index |
| Fund Manager | Mr. Swapnil Mayekar, Mr. Abhiroop Mukherjee, Mr. Herin Visaria |
Investment Object:
The main purpose of the plan remains to yield long-term growth or capital appreciation by contributing asset allocation investment resolutions that mainly invest in passive funds. However, ETF/ Index Funds of equity and equity-related instruments, fixed income and Gold funds are considered under the passive funds.
According to the scheme information document, the Motilal Oswal Mutual Fund has targeted to collect around Rs. 10 crores through this scheme.
Minimum Investment:
Under the lumpsum investment plan, investors minimum application amount should be stood at Rs. 500 and in multiples of Re. 1 thereafter.
Under the SIP plan:
| SIP Frequency | Minimum Installment Amount | Number of Instalments | Choice of Day/Date |
| Weekly | Rs. 500/- and multiples of Re. 1/- thereafter | Minimum – 12, Maximum – No Limit | Any day of the week from Monday to Friday |
| Fortnightly | Rs. 500/- and multiples of Re. 1/- thereafter | Minimum – 12, Maximum – No Limit | 1st-14th, 7th- 21st and 14th- 28th |
| Monthly | Rs. 500/- and multiples of Re. 1/- thereafter | Minimum – 12, Maximum – No Limit | Any day of the month except 29th, 30th or 31st |
| Quarterly | Rs. 1,500/- and multiples of Re. 1/- thereafter | Minimum – 4, Maximum – No Limit | Any day of the month for each quarter (i.e. January, April, July, October) except 29th, 30th or 31st |
| Annual | Rs. 6,000/- and multiples of Re. 1/- thereafter | Minimum – 1, Maximum – No Limit | Any day or date of his/her preference |
The minimum additional amount should be Rs. 500/- and in multiples of Re. 1/- thereafter. Further, the minimum redemption amount at Rs. 500/- and in multiples of Re. 1/- thereafter or account balance, whichever is lower.
Entry does not apply to the scheme. On the other hand, exit load does applicable as 1%- If redeemed on or before 3 months from the date of allotment. Otherwise, it should be nill- If redeemed after 3 months from the date of allotment.
Motilal Oswal Asset Allocation Passive FoF Investment Pattern:
| Instruments | Allocation (% of total assets) | Risk Profile | |
| Minimum | Maximum | ||
| Units of specified schemes of Mutual Fund | 95% | 100% | Medium to High |
| Units of Liquid schemes/Money Market Instruments | 0% | 5% | Low to Medium |
Disclaimer: Investors should consult their financial advisers if in doubt about whether the product is suitable for them. Before investment, refer to the SID and statement of additional information available free of cost at any of the Investor Service Centres or distributors.