Motilal Oswal Mutual Fund launches Motilal Oswal Nifty India Defence ETF

NFO period: 19^th August - 21^st August, 2024

Highlights of the NFO:

• Scheme type - An open-ended fund replicating/tracking the Nifty India Defence Total Return Index.


• Investment objective - 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 Nifty India Defence Total Return Index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking return that corresponds to the returns of the Nifty India Defence Total Return Index, subject to tracking error by investing long term capital growth.


• Minimum Application Amount - First investment is Rs. 500/- and in multiples of Re. 1/- thereafter.


• Plan/ Options available - The Scheme does not offer any Plans/Options for investment.


• Fund Managers - Mr. Swapnil Mayekar and Mr. Rakesh Shetty


• Benchmark - Nifty India Defence Total Return Index