Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Motilal Oswal Nifty Energy ETF’. The New Fund Offer price for units would be Rs 10 per unit as on the date of allotment. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment. The performance of the scheme will be benchmarked against Nifty Energy Total Return Index. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.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 Energy Index.