Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Motilal Oswal BSE Top 10 Banks ETF'. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against BSE Top 10 Banks Total Return Index. During NFO Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof.The investment objective of the scheme is to seek to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by BSE Top 10 Banks Index.