Motilal Oswal Mutual Fund has changed the fundamental attributes of Motilal Oswal MOSt Focused Midcap 30 Fund. The proposed change will be that minimum 65 per cent will be invested in equity and equity related instruments selected between Top 101 and 200 listed companies by market capitalization. Maximum 25 per cent will be invested in equity and equity related instruments beyond the Top 200 listed companies with market capitalization not lower than INR 600 Crs and maximum 10 per cent will be invested in debt, money market instruments, G-Sec, Bonds, Cash and Cash equivalents.
The change will be effective from July 09, 2014.
The Fund House also removed the exit load of Motilal Oswal MOSt Focused Midcap 30 Fund. Earlier the load was 2 per cent for redemption within 1 year of allotment.
The change will be effective from June 09, 2014.