Motilal Oswal Mutual Fund has launched its new fund offer (NFO) – Motilal Oswal Contra Fund.

Motilal Oswal Contra Fund is an open-ended equity scheme. It follows a contrarian investment strategy.

Motilal Oswal Contra Fund: Key Details

NFO Period: May 8 to May 22

Investment Objective: To achieve long term capital appreciation by predominantly investing in equity and equity related instruments through contrarian strategy.

Benchmark: Nifty 500 Total Return Index

Minimum application: For Lumpsum: Rs 500 and in multiples of Re 1 thereafter

Additional Application Amount: Rs 500 and in multiples of Re 1 thereafter

Exit load: If redeemed within 365 days from the day of allotment. – 1 per cent.If redeemed after 365 days from the date of allotment. - Nil

Motilal Oswal Contra Fund will be managed by Varun Sharma (Fund Manager – For Equity component), Bhalchandra Shinde (Fund Manager – Equity Component), Ankit Agarwal (Fund Manager – For Equity Component), Rakesh Shetty (Fund Manager – For Debt Component), and Swapnil Mayekar (Fund Manager – For Overseas Component).

What Is Contrarian Investment?

A contrarian strategy is an investing style with investments against prevailing market trends. Contrarian investing seeks to identify investment opportunities in companies that are currently out of market favour or undervalued temporarily, yet exhibit strong fundamentals and a turnaround potential over the long term.

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