Motilal Oswal Mutual Fund has opened the New Fund Offer (NFO) Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), an open-ended exchange traded fund.
The NFO opens for subscription on June 30, 2010 and closes on July 19, 2010. No entry and exit load is applicable.
The scheme will be benchmarked against MOSt 50 Basket and S and P CNX Nifty Index.
The minimum application amount will be Rs 10,000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to seek to generate investment return that corresponds (before fees and expenses) generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error.
