Motilal Oswal Mutual Fund files offer document for Nifty Oil & Gas ETF
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Motilal Oswal Nifty Oil & Gas ETF’. The New Fund Offer price will be Rs 10 per unit during the NFO. 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 5 crore.
The performance will be benchmarked against Nifty Oil & Gas Total Return Index. The minimum application will be in round lot of 1 unit and in multiples thereof.
The investment objective of the scheme is to provide returns that before expenses, closely correspond to the total returns of the securities as represented by the Nifty Oil & Gas Total Return Index.
