2026-09-15 05:20:46 pm | Source: Accord Fintech
Motilal Oswal Mutual Fund files offer document for Nifty Private Bank ETF
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Motilal Oswal Nifty Private Bank ETF'. The New Fund Offer price will be Rs 10 during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any plans or options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against Nifty Private Bank Total Return Index. The minimum application can be in round lot of 1 unit and in multiples thereof.
The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the Nifty Private Bank Total Return Index.
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