New Delhi, Oct. 24 -- Motilal Oswal Mutual Fund (MOMF) last week announced the launch of its new fund offer (NFO), 'Motilal Oswal Nifty Midcap150 Plus 8-13 Yr G-Sec 70:30 Index Fund', an open-ended fund tracking the Nifty Midcap150 index, the company said.

The hybrid scheme brings together the growth potential of Midcaps and the stability of Government Securities (G-Secs), the release added.

"Midcap companies are in the growth phase of their lifecycle, while government securities carry zero credit risk. The fund is rebalanced monthly to maintain the 70:30 allocation - buying more of what has fallen and selling some of what has risen - helping maintain the pre-defined allocation without requiring market prediction or active shift between...