Motilal Oswal Mutual Fund has launched Motilal Oswal Active Momentum Fund, an open-ended equity scheme following momentum factor theme.

The new fund offer or NFO of the scheme is open for subscription and will close on March 10. The scheme will reopen for continuous sale and repurchase on March 21.

The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments by investing through a momentum factor-based approach for stock selection.