Motilal Oswal MF introduces Nifty 500 Momentum 50 ETF
Motilal Oswal Mutual Fund (MF) has launched Motilal Oswal Nifty 500 Momentum 50 ETF, an open-ended fund replicating/tracking the Nifty 500 Momentum 50 Total Return Index. The NFO opens for subscription on September 16, 2024 and closes on September 18, 2024. The Entry Load is Nil and 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 will be benchmarked with Nifty 500 Momentum 50 TRI and its fund managers are Swapnil Mayekar and Rakesh Shetty.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by Nifty 500 Momentum 50 Total Return Index, subject to tracking error.
