Motilal Oswal Mutual Fund files offer document for Nifty REITs & Realty Index Fund
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Motilal Oswal Nifty REITs & Realty Index Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil and Exit Load will be 1 % -If redeemed on or before 15 days from the allotment; Nil -If redeemed after 15 days from the allotment. The Scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance will be benchmarked against Nifty REITs & Realty Total Return Index. The minimum application amount will be Rs 500 and in multiples of Rs 1 thereafter.
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.
