Publish Date:
Motilal Oswal Mutual Fund has introduced a new fund offer – Motilal Oswal S&P BSE Healthcare ETF.
It is an open-ended scheme replicating / tracking the S&P BSE Healthcare Total Return Index.
The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by the S&P BSE Healthcare Total Return Index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Under normal circumstances, Motilal Oswal S&P BSE Healthcare ETF will hold an allocation of 95% to 100% of its assets in Constituents of S&P BSE Healthcare Total Return Index, and 0% to 5% of its assets in Units of Liquid/ debt schemes, debt and money market instruments.
As per the Scheme Information Document (SID), the investment strategy for Motilal Oswal S&P BSE Healthcare ETF would involve offering investment returns that are similar to the total returns of S&P BSE Healthcare Total Return Index before fees / expense and subject to tracking error.
Motilal Oswal S&P BSE Healthcare ETF’s performance will be benchmarked against S&P BSE Healthcare Total Return Index.
The fund will be managed by Mr Swapnil Mayekar and Mr Abhiroop Mukherjee (for Debt component).
The NFO opens for subscription on July 14, 2022 and closes on July 22, 2022.
The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter.
The Scheme does not offer any Plans/Options for investment.
The units are proposed to be listed on Stock Exchange(s) to provide liquidity through secondary market. The units of the Scheme can be bought / sold on all trading days on the National Stock Exchange of India Ltd. (NSE) and BSE Ltd. (BSE) where the Scheme is proposed to be listed.