Motilal Oswal Mutual Fund files offer document for Nifty REITs & Realty ETF
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Motilal Oswal Nifty REITs & Realty 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/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against Nifty REITs & Realty 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, closely correspond to the total returns of the performance of the Nifty REITs & Realty Total Return Index.
