Motilal Oswal Mutual Fund has introduced the Motilal Oswal Contra Fund, set to open for subscription from May 8 to May 22. This open-ended equity scheme employs a contrarian investment strategy, primarily targeting long-term capital appreciation through investments in equity and related instruments. The fund will be managed by a team including Varun Sharma, Bhalchandra Shinde, Ankit Agarwal, Rakesh Shetty, and Swapnil Mayekar, and will benchmark its performance against the Nifty 500 Total Return Index. Investors can start with a minimum investment of ₹500 (approximately $6 USD). The fund aims to capitalize on market inefficiencies by identifying undervalued companies with strong fundamentals and turnaround potential, thus providing a diversified portfolio across various sectors. According to Prateek Agrawal, MD & CEO of Motilal Oswal Asset Management Company, the fund seeks to benefit from persistent market mispricings and aims to deliver robust risk management alongside disciplined investment strategies.