The document describes a proposed Oil Exchange Traded Fund (OETF) in India. The OETF would track the daily price movements of the MCX crude oil index and allow investors to gain long-term exposure to crude oil prices without using futures accounts. It would invest in listed crude oil futures contracts and other oil-related derivatives. The OETF aims to offer investors commodity exposure through a passive investment vehicle with lower expenses than traditional mutual funds. It seeks to benefit investors with a bullish long-term view on crude oil prices. However, the fund would also be highly speculative and volatile, with risks including fluctuations in global supply and demand, geopolitical events, and currency movements.