Motilal Oswal Mutual Fund
Motilal Oswal Financial Services Ltd. (BSE, NASDAQ, NIFTY, Hang Seng, Dow Jones) is an Indian financial service company which offers a wide range of financial products and services. This company was formed in 1987 by Motilal Oswal and Ramdeo Agrawal. The company entered into investment banking and private equity in 2006. In 2006 and 2007, the company tied up with State Bank of India and Punjab National Bank to provide online trading to the customers. In January 2010, Motilal Oswal Financial Services (through its subsidiary Motilal Oswal Securities Ltd.) received the final registration approval from SEBI to set up a mutual fund business in India.
Motilal Oswal Asset Management Company Ltd (MOAMC) is 100% subsidiary of Motilal Oswal Securities Limited. Apart from Portfolio Management Services, this AMC undertake other activities like- advisory services to offshore funds, inancial consultancy and exchange of research on commercial basis etc. subject to the regulatory approval of the Trustees. Motilal Oswal Asset Management Company Ltd. has crossed the $1 billion in equity Assets Under Management (AUM) mark in June 2015 and came across as one of the rapidly growing Asset Management Companies in India.
Eligibility Criteria to invest in Motilal Oswal Mutual Fund
- Adult citizens residing in India.
- Minor through legal guardians/parents.
- Limited liability partnership.
- Religious and charitable trusts.
- Banking and financial institutions
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- The Karta of Hindu Undivided Family (HUF)
- Persons of Indian origin residing abroad (PIOs) or Non-Resident Indians can apply for subscription either on repatriation basis or on non-repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Foreign Institutional Investors (FIIs) who have registration under the Securities and Exchange Board of India on repatriation basis (permitted under Schedule 5 of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident Outside India) Regulations, 2000)
- Mutual Funds or Alternative Investment Funds which have registrations under the Securities and Exchange Board of India
- Other schemes of Mutual Funds subject to the conditions and limits prescribed by SEBI Regulations.
Documents Required for Motilal Oswal Mutual Fund
Along with the KYC application of the applicant, following are the essential documents for investing in Motilal Oswal Mutual Fund -
- PAN Card
- ID Proof - AADHAR Card, Voter ID Card.
- Residential Proof
- Passport size Photographs
- Duly filled application form
- KYC Acknowledgement
- Declaration of 3rd party (for minors)
Advantages of Motilal Oswal Mutual Fund
Along with the KYC application of the applicant, following are the essential documents for investing in Motilal Oswal Mutual Fund -
- Managed by the professionals.
- Reasonable investment alternative.
- Well organized investments.
- Unlimited investment option.
- Best return.
- Tax relief.
- Small investment option.
- Easy Tracking.
- Fund switched facility.
- Quick purchase and sell option.
