NFO Alert: Motilal Oswal Mutual Fund Launches BSE Top 10 Banks ETF

Motilal Oswal Mutual Fund has announced the launch of its new fund offer (NFO) for the BSE Top 10 Banks ETF Growth.  

This open-ended scheme aims to provide returns that closely correspond to the total returns of the BSE Top 10 Banks Index, subject to tracking error. 

Investment Strategy and Objective 

The primary objective of the Motilal Oswal BSE Top 10 Banks ETF Growth is to mirror the performance of the BSE Top 10 Banks Index.  

By investing in this ETF, investors can gain exposure to the top 10 banks listed on the BSE, offering a sectoral focus on the banking industry.  

The fund seeks to achieve this with minimal tracking error, ensuring that the returns are closely aligned with the index. 

Fund Management and Expertise 

The fund is managed by a team of experienced professionals, including Swapnil P Mayekar, Rakesh Shetty, and Dishant Mehta, all of whom have been managing the fund since April 6, 2026.  

Mr. Mayekar holds an M.Com from Mumbai University and an Advanced Diploma in Business Administration from Welingkar, Mumbai. Mr. Shetty has a B.Com degree and has extensive experience in equity and debt ETFs. 

Key Details of the NFO 

The NFO is open for subscription on April 6, 2026, and closes on the same day. The minimum investment amount is ₹10.  

The scheme is categorised under Equity: Sectoral-Banking and has a very high-risk rating on the riskometer. There is no lock-in period, and the exit load is 0. 

Read More: Upcoming NFOs Opening This Week in April 2026: Kotak Multi Asset FOF Opens for Subscription! 

Benchmark and Performance Tracking 

The benchmark for this ETF is the BSE Top 10 Banks TRI. Investors can expect the fund to track the performance of this index closely, providing a transparent and efficient way to invest in the banking sector.  

The ETF structure allows for real-time trading and liquidity, making it an attractive option for investors looking to diversify their portfolios. 

Conclusion 

The Motilal Oswal BSE Top 10 Banks ETF Growth NFO offers investors an opportunity to invest in a focused banking sector fund. With its objective to closely track the BSE Top 10 Banks Index, the fund provides a sector-specific investment avenue with the benefits of an ETF structure. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.