Motilal Oswal Asset Management Company Ltd. (MOAMC) is a public limited company incorporated under the Companies Act, 1956 on November 14, 2008, having its Registered Office at 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025.
Motilal Oswal Asset Management Company Ltd. has been appointed as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 21, 2009, executed between Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company Ltd.
Content
NAV
MOSt Focused Dynamic Equity - Direct Plan – Annually Dividend - 10.4954MOSt Focused Dynamic Equity - Direct Plan – Quarterly Dividend - 10.4954MOSt Focused Dynamic Equity - Regular Plan – Annually Dividend - 10.4374MOSt Focused Dynamic Equity - Regular Plan – Quarterly Dividend - 10.4374MOSt Focused 25 Fund- Direct Plan (D) - 16.5051MOSt Focused 25 Fund- Direct Plan (G) - 19.0349MOSt Focused 25 Fund-(D) - 15.5936MOSt Focused 25 Fund-(G) - 18.0409MOSt Focused Long Term (D) - 14.1032MOSt Focused Long Term (G) - 14.1032MOSt Focused Long Term- Direct Plan(D) - 14.5324MOSt Focused Long Term- Direct Plan(G) - 14.5324MOSt Focused Midcap 30- Direct Plan(D) - 21.692MOSt Focused Midcap 30- Direct Plan(G) - 24.1546MOSt Focused Midcap 30(D) - 20.8715MOSt Focused Midcap 30(G) - 23.2908MOSt Focused Multicap 35- Direct Plan(D) - 22.4192MOSt Focused Multicap 35- Direct Plan(G) - 22.4192MOSt Focused Multicap 35(D) - 21.8064MOSt Focused Multicap 35(G) - 21.8064MOSt Ultra Short Term Bond Fund-Direct Plan-Fortnightly Dividend Option - 10.0254MOSt Ultra Short Term Bond Fund-Direct Plan-Monthly Dividend Option - 10.0495MOSt Ultra Short Term Bond Fund-Direct Plan-Quarterly Dividend Option - 10.1204MOSt Ultra Short Term Bond Fund-Direct Plan-Weekly Dividend Option - 10.0168MOSt Ultra Short Term Bond Fund-Regular Plan-Fortnightly Dividend Option - 10.0236MOSt Ultra Short Term Bond Fund-Direct Plan- Growth - 12.8954MOSt Ultra Short Term Bond Fund-Direct Plan-Daily Dividend Option - 10.0019MOSt Ultra Short Term Bond Fund-Regular Plan- Growth - 12.6329MOSt Ultra Short Term Bond Fund-Regular Plan-Daily Dividend Option - 10.0095MOSt Ultra Short Term Bond Fund-Regular Plan-Monthly Dividend Payout - 10.0459MOSt Ultra Short Term Bond Fund-Regular Plan-Quarterly Dividend Payout - 10.1176MOSt Ultra Short Term Bond Fund-Regular Plan-Weekly Dividend Option - 10.0173Motilal Oswal Most Focused Dyn Eq Fund (G) - 10.4374Motilal Oswal Most Focused Dyn Eq Fund-Dir (G) - 10.4954

MOVI Pack Plan

Products Plans MOVI Pack Plan

Motilal Oswal Value Index (MOVI) Pack Plan is a Systematic Transfer Plan from Motilal Oswal MOSt Ultra Short Term Bond Fund to Motilal Oswal MOSt Focused 25 Fund, Motilal Oswal MOSt Focused Midcap 30 Fund and Motilal Oswal MOSt Focused Multicap 35 Fund that enables allocation between debt and equity asset classes based on the Motilal Oswal Value Index (MOVI) levels. It allows Unit holders holding units in non-demat form to take advantage of fluctuations in equity market valuations and not just market levels.

A low MOVI level indicates that the market valuation appears to be cheap and one may allocate a higher percentage of their investments to Equity as an asset class. A high MOVI level indicates that the market valuation appears to be expensive and that one may reduce their equity allocation.

Return / Time
Period
Matrix
MOVI Value Range (%)
<70 70<80 80<90 90<100 100<110 110<120 120<130 130<
6M 45.0 13.9 9.2 10.6 2.8 2.3 8.4 -23.3
12M 56.3 34.6 18.6 24.2 10.0 7.4 1.7 -43.7
24M 39.3 32.7 25.4 19.2 11.7 0.3 -5.0 -1.8
Source: IISL & Internal Analysis

FAQs on MOVI Pack Plan

Motilal Oswal Value Index (MOVI) helps gauge equity market. The Index is calculated taking into account Price to Earnings, Price to Book and Dividend Yield of the Nifty 50 Index.

A low MOVI level indicates that the market valuation appears to be cheap and one may allocate a higher percentage of their investments to Equity as an asset class. A high MOVI level indicates that the market valuation appears to be expensive and that one may reduce their equity allocation.

MOVI is calculated by not only looking at P/E in isolation, but taking into account Price/Book Value and Dividend Yield as well. The NIFTY MOVI is calculated and maintained by India Index Services and Products Ltd (IISL).

Most market indices such as Nifty 50 Index, BSE Sensex Index are price indices that provide a measurement of the market level. As time elapses, fundamentals of the markets change. Therefore, even when markets may be at a certain measured level, they may have become cheap or expensive.

NIFTY MOVI looks at the market levels in conjunction with the fundamentals of the markets and comes up with normalized (90 day average of MOVI index) levels of the market. This helps investors gauge the investment attractiveness of the markets. In essence, MOVI helps investors in understanding if the markets are cheap or expensive.

Historical analysis from 1st January, 1999 shows that if an investor in equities when NIFTY MOVI levels are low, his or her investments is most likely to post good returns. Please refer to the table below.


Let’s consider two scenarios

Scenario 1 – Let’s assume the MOVI value is at 75 which means it falls in the range of 70 < 80. This should have encouraged you to increase your equity allocation as it would have returned 13.9%, 34.6% and 32.7% over the following 6, 12 and 24 months.

Scenario 2 - Let’s suppose the MOVI value is at 140.This should have encouraged you to decrease your equity allocation as your investments would have posted negative returns over the following 6, 12 and 24 months.


Historical Movement of MOVI vis-à-vis Nifty:



The ‘Indicative Buy’ and ‘Indicative Sell’ Zones defined above give an indication of increasing/reducing exposure to Equities.


For Example – In April 2003, when NIFTY MOVI was around the 67 levels and NIFTY 50 Index was at 984, if one had invested entirely in equity using NIFTY MOVI as an indicator, the investment a year later would have returned ~85%. 

Similarly, if one were to look at December 2007, when NIFTY MOVI breached the 130 levels and Nifty was close to the 5,800 mark, if one had exited their equity investment using NIFTY MOVI again as an indicator, their investment would have been insulated from a more than 50% fall.

Source: India Index Services and Products Ltd (IISL), MOAMC Internal Analysis. Data as on 31st December 2014 Inception date of MOVI is 1st January, 1999. Allocation matrix is based on the 90 Day Moving Average of NIFTY MOVI. Past Performance may or may not be sustained in future.


The above illustrations are meant to help the investors have an understanding of MOVI. The above illustration contained herein may include statement of future expectations and other forward looking statements that are based on certain calculations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or event to differ materially from those expressed or implied in such table/statement/graph. Past Performance may or may not be sustained in future. India Index Services and Products Ltd. (IISL) calculates and maintains the NIFTY MOVI. 

'Indicative Buy Zone’ indicates favorable market fundamentals which an investor may look at to simply take or increase any existing exposure in equities. 
‘Indicative Sell Zone’ indicates unfavorable market fundamentals whereby an investor may look at reducing any existing exposure in equities.

Motilal Oswal Value Index (MOVI) Pack Plan is a Systematic Transfer Plan from Motilal Oswal MOSt Ultra Short Term Bond Fund to Motilal Oswal MOSt Focused 25 Fund, Motilal Oswal MOSt Focused Midcap 30 Fund and Motilal Oswal MOSt Focused Multicap 35 that enables allocation between debt and equity asset classes with allocations based on MOVI levels. It allows Unit holders holding units in non-demat form to take advantage of fluctuations in equity market valuations and not just market levels. The transfers will be enabled in the reverse as well.

MOVI pack plan because -

a) Systematic Transfer Plan

b) A tool to help you plan your investments.

c) Benefit from changing market valuations.

d) No constant tracking of markets to ascertain an ideal entry time in Equities.

e) Break-free from indecisions associated with investments during bear/ volatile markets.


a) Equity and Debt allocations based on 90 Day Moving Average of NIFTY MOVI to eliminate anomalies.

b) Equity & Debt allocations arrived at by using historical data.

c) Allocation matrix is to be reviewed on a half-yearly basis.

Any change in methodology of MOVI would only be carried out by obtaining prior consent of the Board of Trustees of Motilal Oswal Trustee Company Limited (MOTC), the Trustees to Motilal Oswal Mutual Fund (MOMF).

The allocation between Motilal Oswal MOSt Ultra Short Term Bond Fund to Motilal Oswal MOSt Focused 25 Fund, Motilal Oswal MOSt Focused Midcap 30 Fund and Motilal Oswal MOSt Focused Multicap 35 Fund.

a) Helps the investors in taking advantage of changing market valuations by reducing exposure to equity when market valuations appear expensive and increasing exposure to equity when market valuations appear attractive

b) Diversification between Equity and Debt

MOVI Pack Plan presently offers two enrolment options:

a) One Time Investment

b) Systematic Transfer Plan (STP)

The minimum investment amount under ‘One Time’ enrolment option is Rs. 5,000/- and under ‘ (STP)’ enrolment option is Rs. 1,000/- per month.

There is no maximum period.

The allocation date will be the 15th of every month. In case the date of allocation falls on a Non-Business Day or falls during a book closure period, the immediate following Business Day will be considered as the date of allocation. In addition, under the ‘One Time’ enrolment option, allocation will occur on the business day succeeding the date of enrolment into the MOVI Pack Plan

An investor with an existing Systematic Investment Plan (SIP) in the Transfer or scheme i.e. Motilal Oswal MOSt Ultra Short Term Bond Fund where the date of SIP falls on a date later than or on 15th of every month, then allocation for this investment will occur on 15th of the subsequent month.

Under ‘One Time Investment’ enrolment option, in addition to the 15th of every month, allocation will occur on the business day succeeding the date of enrolment into the MOVI Pack Plan.

The investor will be able to view the break-up of his existing investments in Motilal Oswal MOSt Ultra Short Term Bond Fund and Motilal Oswal MOSt Focused 25 Fund or Motilal Oswal MOSt Focused Midcap 30 Fund or Motilal Oswal MOSt Focused Multicap 35 Fund on his consolidated statement of accounts. The investor will be required to instruct the AMC, the scheme name from which he/ she wishes to redeem.

Allocations can’t be individual to each investment as the market value of previous investments may have changed, which means the original allocation may have changed which may not necessarily be in line with the allocation matrix. Hence, any new investment made will be allocated in a way whereby these market movements are taken into consideration.

Any deviation in allocations resulting from such part redemption will be aligned to the allocation matrix on the next date of allocation i.e. 15th of next month.

Investors can subscribe to the MOVI Pack Plan by investing in MOSt Ultra Short Term Bond fund of Motilal Oswal Asset Mutual Funds and enrolling for MOVI Pack Plan option in the enrolment form

This document has been prepared and issued on the basis of internal data, publicly available information and other sources believed to be reliable. The information contained in this document is for general purposes only and not a complete disclosure of every material fact and terms and conditions and features of Motilal Oswal MOSt Ultra Short Term Bond Fund, Motilal Oswal MOSt Focused 25 Fund, Motilal Oswal MOSt Focused Midcap 30 Fund and Motilal Oswal MOSt Focused Multicap 35 Fund. The information / data herein alone is not sufficient and shouldn’t be used for the development or implementation of an investment strategy. It should not be construed as investment advice to any party. All opinions, figures, charts/graphs, estimates and data included in this presentation are as on date and are subject to change without notice. While utmost care has been exercised while preparing this document, Motilal Oswal Asset Management Company Limited does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. The statements contained herein may include statements of future expectations and other forward-looking statements that are based on our current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Readers shall be fully responsible/liable for any decision taken on the basis of this presentation. No part of this document may be duplicated in whole or in part in any form and/or redistributed without prior written consent of Motilal Oswal Mutual Fund/Motilal Oswal Asset Management Company Limited. Readers should before investing in the Scheme make their own investigation and seek appropriate professional advice. For details on taxation, please refer to the Section on 'Taxation on investing in Mutual Funds' in SAI.

IISL Disclaimer: Motilal Oswal Value Index (MOVI) is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). MOVI has been developed by MOAMC and IISL has calculated and maintained as per the specifications and requirements of MOAMC. IISL does not make any representation or warranty, express or implied regarding the advisability of investing in the products linked to MOVI and availing the services generally or particularly or the ability of MOVI to track general stock market performance in India. Please read the full Disclaimers in relation to the MOVI in the Scheme Information Document.

Statutory Details: Constitution: Motilal Oswal Mutual Fund has been set up as a trust under the Indian Trust Act, 1882. Trustee: Motilal Oswal Trustee Company Limited. Investment Manager: Motilal Oswal Asset Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd. Past performance of the Sponsor/AMC/ Mutual Fund and its affiliates does not indicate the future performance of the scheme and may not provide a basis of comparison with other investments.

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

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