Motilal Oswal Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund'.The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil. Exit load will be 1 % -If redeemed on or before 15 days from the allotment; and Nil -If redeemed after 15 days from the allotment. 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 Midcap 150 Momentum 30 Total Return Index. The minimum application amount during NFO will be Rs 500 and in multiples of Rs 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 Midcap 150 Momentum 30 Index.