Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund replicating/tracking the BSE Clean Environment Index named ‘Motilal Oswal BSE Clean Environment Index Fund’. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil. If redeemed on or before 15 days from the allotment exit load will be 1%; and if redeemed after 15 days from the allotment exit load will be Nil. The Scheme offers growth Option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against BSE Clean Environment Total Return Index. The minimum application amount during NFO will be Rs 500 and in multiples of Re 1 thereafter.The investment objective of the scheme is to provide returns that, before expenses, correspond to the total returns of the securities as represented by BSE Clean Environment Index, subject to tracking error.