Motilal Oswal Mutual Fund introduces Nifty Smallcap 250 ETF
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Motilal Oswal Mutual Fund (MF) has launched Motilal Oswal Nifty Smallcap 250 ETF, an open-ended scheme. The NFO opens for subscription on March 13, 2024 and closes on March 15, 2024. Both entry load and exit load will be nil for the scheme. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter. Its fund managers are Swapnil Mayekar and Rakesh Shetty (Debt Component).
The investment objective of the scheme is to provide total returns that, before expenses, closely correspond to the total returns of the securities as represented by Nifty Smallcap 250 Index, subject to tracking error.
