Motilal Oswal MOSt Focused Midcap 30 Fund
Open for subscription on February 03 and closes on February 17, 2014.
Motilal Oswal Asset Management Company has launched MOSt Focused Midcap 30 Fund, an open ended equity fund that will investing in a maximum of 30 quality midcap companies.
Aashish Somaiyaa, CEO, Motilal Oswal AMC told that the fund house is heading towards completing its range of product suite in the equity category. This is their second equity fund with plans to launch one more equity fund. The fund house is currently managing AUM of Rs 434 crore as on December 2013. Somaiyaa said, “If you see the valuations in mid-cap space, a lot of companies having sound management and greater potential are trading at a bargain price. Valuations of many mid-cap companies are very low at the moment. Typically midcaps are more leveraged to any economic recovery – hence we believe this underperformance can potentially reverse in the medium term. Also, we believe in ‘buy right and sit tight’ strategy i.e. if you invest in good quality stocks you need not worry of performance.”
In a presentation, Siddharth Bothra, Vice President, Motilal Oswal MF said, “The fund aims at targeting the “Sweet spot of Indian equity markets”, which is replete with ‘emergence to endurance’ investment ideas. Motilal Oswal’s recent Wealth Creation study showed that the best wealth creation opportunities historically have been companies that moved from the emergence phase to the endurance phase: i.e. companies that successfully made the transition from midcaps to large caps – and specifically the period when they made this transition. Having identified a good company, maximum money is made in the journey from mid-cap to large-cap or one can say in the period between entry into CNX MidCap and transition into Nifty.”
The AMC says that the fund will follow a bottom up strategy in stock picking based on quality of business and management, growth of earnings and sustained RoE and longevity of competitive advantage or economic moat of the business. It will buy stocks at lower than estimated fair price. It will also follow buy and hold strategy. As name suggest, the scheme will aim at building a 30 stock portfolio based on extensive research.
The fund focuses on three key aspects of investing; the portfolio will buy and hold maximum 30 quality companies which offer long term growth.
The fund believes in “Buy Right. Sit Tight.” i.e. buying quality companies and riding their growth cycle;
Minimum investment amount during the NFO is Rs. 5000/- and in multiples of Rs. 1/- thereafter.
Minimum additional purchase will be Rs. 1,000/- and in multiples of Re.1/- thereafter.
Minimum installment amount for SIP is Rs. 1,000/- and in multiples of Rs. 1/- thereafter.
Minimum installment amount – Rs. 1,000/- (weekly/fortnightly/monthly) and Rs. 2,000/- (quarterly) and in multiples of Re. 1/- thereafter with minimum of 6 installments for weekly/fortnightly/monthly frequency and minimum 3 installments for quarterly frequency.
The fund will be benchmarked against CNX Midcap Index.
The scheme will charge an exit load of 2% if redeemed within one year. No exit load will be charged thereafter.
Tahir Badshah (equity) and Abhiroop Mukherjee (Debt) will co-manage the fund.
Application Form Filling and Submission Process /Collection Centres What is the process/procedure to Invest in Mutual Fund Schemes? Please take print of the Application Form on A4 size paper. Click here for Application Form
Attach following document along with the application form
- KYC: a] KYC Completed Status Copy, Click here for check KYC Status b] If not done KYC then fills up KYC Form, affixed Photograph, and attach PAN Card and Address Proof Photo Copy attested by applicant.)
- Cheque / DD should be drawn in favour of “Motilal Oswal Most Focused Midcap 30 Fund”
- One Cancelled Cheque /copy (for SIP Registration)
- Keep photocopy of application form for your record.
- Submit / deposit your application form in below mentioned Collection Centres/ Branches.
- To record and track the status/allotment of your application form, send us the soft copy Application Form/ Acknowledgement Slip.
- The mutual fund company would issue you an Account Statement and confirmation about account has been opened within 4 working days from the date of investment.
- The account statement will reach your communication address within 15-30 Days from date of allotment.
- Free Home Service available *
Investor should contact a mutual fund advisor /distributer to suggest you the appropriate funds from the plethora of funds available. Payment by cash is not allowed.
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