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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 U.S. IPO & Spinoff ETF ‘. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by S&P U.S. IPO & Spinoff Index (Adjusted for forex) .The minimum application amount is Rs 500 and Re 1 thereafter.

The investment objective of the scheme is to investment return that corresponds with (before fees and expenses) generally to the performance of the S&P U.S. IPO & Spinoff Indexsubject to tracking error and forex movement.