Motilal Oswal Mutual Fund India Ultra Short Term Fund temporarily suspends all subscriptions, with effect from September 17, 2018.
The investment objective of the Motilal Oswal Ultra Short Term Fund scheme is to produce optimal returns reliable with moderate levels of risk and liquidity by investing in debt instruments and money market instruments.
The Open-ended Ultra Short Duration Debt scheme was launched in September 2013 and is benchmarked against the CRISIL Ultra Short Term Debt Index. The scheme will invest 100 percent of its assets in debt instruments and may also invest 100 percent in other securities except for equity instruments.
The minimum initial investment amount of the Motilal Oswal Mutual Fund India Ultra Short Term Fund scheme is 500 Rupees. The face value of the scheme is 10.00 Rupees per unit, and the fund size is 991.81 Crore Rupees.
The AMC offers the scheme with both Regular Plan and Direct Plan with Growth and Dividend Options.
The fund house has appointed Mr. Abhiroop Mukherjee as the fund manager of the scheme since its launch in September 2013.
Mr. Mukherjee has worked with PNB Gilts Ltd. Mumbai, before joining the Motilal Oswal Asset Management Company. He has completed B.Com from Calcutta University and PGPBF (Finance) from National Institute of Bank Management.
The NAV (Net Asset Value) of the Open-ended Ultra Short Duration Debt scheme of the Motilal Oswal Mutual Fund as on September 14, 2018, is 13.5318 Rupees. The Expense Ratio for the Ultra Short Term Fund scheme is 0.89 percent.
The AUM (Asset Under Management) of the Motilal Oswal scheme is 995.10 Crore Rupees, according to The Economic Times.
Motilal Oswal Trustee Company Limited, the Trustees to Motilal Oswal Asset Management Company, has decided to temporarily suspend all subscriptions/ switch in application of the Motilal Oswal Mutual Fund India Ultra Short Term Fund scheme, with effect from the above-specified date, according to KJMC.
The post Motilal Oswal Mutual Fund India Ultra Short Term Fund Suspends All Subscriptions Temporarily appeared first on OWLT Market.
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