Motilal Oswal Mutual Fund has launched Motilal Oswal Contra Fund, an open-ended equity scheme following contrarian investment strategy. The NFO opens for subscription on May 08,2026 and closes on May 22,2026. The Entry Load is not applicable for the scheme. The Exit load will be 1% - If redeemed within 365 days from the date of allotment and Nil - If redeemed after 365 days from the date of allotment. The minimum subscription amount is Rs 500/- and in multiples of Re. 1/- thereafter.The performance of the Scheme will be benchmarked with Nifty 500 Total Return Index and its fund managers are Ankit Agarwal, Varun Sharma, Bhalchandra Shinde, Rakesh Shetty and Swapnil Mayekar.The investment objective of the Scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments through contrarian strategy.