Motilal Oswal Mutual Fund files offer document for its MOSt Shares S100 ETF

Motilal Oswal Mutual Fund files offer document for its MOSt Shares S100 ETF

Motilal Oswal Mutual Fund has filed a draft offer document with SEBI to launch an open ended Index Exchange Traded Fund. The scheme aims to achieve investment returns that correspond (before fees and expenses) generally to the performance of the CNX Smallcap Index (Underlying Index), subject to tacking error.

The scheme has no exit load. The benchmark of the scheme is CNX Smallcap Index. The scheme will invest 95-100% in securities constituting CNX Smallcap Index and 0-5% in debt and money market instruments and cash at call.

The fund will be managed by Anubhav Srivastava.