Mumbai, March 4 -- Motilal Oswal Mutual Fund has announced the launch of its new open-ended equity scheme, the Motilal Oswal Active Momentum Fund, designed to capitalize on market momentum for long-term capital appreciation.

The new fund offer (NFO) is currently open for subscription and will close on 10 March 2025, with the scheme reopening for continuous sale and repurchase on 21 March 2025.

The fund's primary objective is to generate long-term growth by investing predominantly in equity and equity-related instruments, utilizing a momentum factor-based approach for stock selection. The fund will be benchmarked against the Nifty 500 Total Return Index.

The fund will employ a proprietary momentum strategy based on Motilal Oswal's QGLP ...