Motilal Oswal Nifty IT ETF
Motilal Oswal Nifty IT ETF will be an open-ended scheme replicating/tracking the Nifty IT TRI. The investment objective of the scheme will be to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by Nifty IT Index, subject to tracking error.
The scheme will be benchmarked against Nifty IT TRI.
The scheme will allocate 95-100% in constituents of Nifty IT Index, and 0-5% in units of liquid schemes and money market instruments.
Motilal Oswal Nifty Bank ETF
Motilal Oswal Nifty Bank ETF will be an open-ended scheme replicating/tracking the Nifty Bank TRI. The investment objective of the scheme will be to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by Nifty Bank Index, subject to tracking error. The scheme will be benchmarked against Nifty Bank Total Return Index. The scheme will allocate 95-100% in constituents of Nifty Bank Index, and 0-5% in units of liquid schemes and money market instruments. The minimum application amount for investment in these schemes will be Rs 500 and in multiples of Re 1 thereafter. The schemes will be managed by Swapnil Mayekar, and Rakesh Shetty.
