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Motilal Oswal Mutual Fund files offers document for S&P BSE Healthcare ETF
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Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Motilal Oswal S&P BSE Healthcare ETF ‘. The New Fund Offer price is Rs 10. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked with S&P BSE Healthcare Total Return Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The investment objective of the scheme is provide returns that, before expenses, correspond to the total returns of the securities as represented by the Constituents of S&P BSE Healthcare Index.
