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Motilal Oswal Mutual Fund (MF) has launched Motilal Oswal S&P BSE Quality Index Fund, an open-ended fund replicating / tracking the S&P BSE Quality Total Return Index. The NFO opens for subscription on July 29, 2022 and closes on August 12,2022. The Entry load is nil for the scheme. The exit load will be 1%- If redeemed on or before 15 days from the date of allotment and nil- If redeemed after 15 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 would be benchmarked against S&P BSE Quality Total Return Index and its fund managers are Swapnil Mayekar and Abhiroop Mukherjee.

The investment objective of the scheme is to provide returns that, correspond to the total returns of the securities as represented by the S&P BSE Quality Total Return Index, subject to tracking error.