MUTUAL FUNDS
Motilal Oswal Mutual Fund files offers document for S&P BSE Financials ex Bank 30 Index Fund
Nov-23-2021
Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Motilal Oswal S&P BSE Financials ex Bank 30 Index Fund ‘. The New Fund Offer price is Rs 10. Entry load will be nil and Exit load 1%-If redeemed on or before15 days from the date of allotment.Nil-If redeemed after 15 days from the date of allotment. The Scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by S&P BSE Financials ex Bank 30 Total Return Index . The minimum application amount is Rs 500 per application and in multiples of Re 1 thereafter.

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 S&P BSE Financials ex Bank 30 Index, subject to tracking error.

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