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- Mumbai 31 Mar 2011
In Another First, Motilal Oswal AMC Rings The Opening Bell At NASDAQ Stock Market®;Gets Listed On NSE & BSE Today
2011-03-31 Mumbai
Mumbai, 31st March, 2011: Indian Asset Management comes of age with Motilal Oswal Asset Management becoming India’s First AMC to ring the Opening Bell at NASDAQ Stock Market on March 30, 2011. The opening bell ringing heralds MOSt Shares NASDAQ 100, India’s first US Equities based ETF tracking the NASDAQ-100 Index, listing on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today.
India’s first US Equities based ETF tracking the NASDAQ-100 Index, MOSt Shares NASDAQ 100 provides Indian investors with an exposure to top 100 US and international non-financial securities listed on The NASDAQ Stock Market® based on market capitalization. NASDAQ-100 Index is developed and maintained by The NASDAQ OMX Group, the world's largest exchange company.
With MOSt Shares NASDAQ 100 listing on BSE and NSE, investors can now trade the ETF’s unit in a single unit lot size, in real-time and during Indian market hours. MOSt Shares NASDAQ 100 joins the global family of NASDAQ-100 Exchange Traded Funds listed across Americas, Europe and Asia. The ETF is currently Asia’s largest NASDAQ-100 Index ETF based on assets under management.(source: NASDAQ OMX).
Mr. Nitin Rakesh, MD & CEO, Motilal Oswal Asset Management Company Ltd. said, “We would like to thank our investors, business partners for their tremendous support”. Commenting on Motilal Oswal MOSt Shares NASDAQ 100 latest listing, Mr. Nitin Rakesh said, “We are excited about this partnership with NASDAQ OMX. MOSt Shares ETF platform remains committed to opening up new segments of investment products for the market and with MOSt Shares NASDAQ 100 being the latest listing”.
About Motilal Oswal Asset Management Company
Motilal Oswal Asset Management Company is registered with SEBI as the Investment Manager to Motilal Oswal Mutual Fund It was incorporated on November 14, 2008. MOAMC is a 100% subsidiary of Motilal Oswal Securities Limited.
Motilal Oswal Mutual Fund’s maiden product, MOSt Shares M50 ETF received the Most Innovative Fund of the Year Award at CNBC TV18 – CRISIL Mutual Fund Awards, 2011.*
About Motilal Oswal Financial Services Ltd
Motilal Oswal Financial Services Ltd. (NSE :MOTILALOFS, BSE :532892, BLOOMBERG : MOFS IN) is a well-diversified, financial services company focused on wealth creation for all its customers, such as institutional, corporate, HNI and retail. Its services and product offerings include wealth management, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking and principal strategies. The company distributes these products through 1,568 business locations spread across 595 cities and the online channel to over 693,978 registered customers. MOFSL has strong research capabilities, which enables them to identify market trends and stocks with high growth potential, facilitating clients to take well- informed and timely decisions. MOFSL has been ranked by various polls such as the Best Local Brokerage 2005, Most Independent Research - Local Brokerage 2006 and Best Overall Country Research - Local Brokerage 2007 in the Asia Money Brokerage Polls for India. In the StarMine India Broker Rankings 2009 from Thomson Reuters, we won awards in 3 out of 4 categories and also bagged the No. 1 Broker Award in the ET Now – StarMine Analyst Awards 2009. We were also adjudged as the ‘Best Performing Equity Broker (National)’ at the CNBC TV18 Financial Advisors Awards – 2010.
Disclaimer:
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. Scheme Classification & Investment Objective: Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100), an open ended Index Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ-100 Index, subject to tracking error. Asset Allocation: Securities constituting NASDAQ-100 Index: 95%-100%; Overseas Debt and Money market instruments and cash at call, mutual fund schemes or exchange traded funds based on NASDAQ-100 Index: 0-5%. Load: Entry Load: Nil Exit Load: Nil Terms of Issue: On the Exchange:The units of the Scheme are proposed to be listed on the Capital Market Segment of National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE). On the Exchange, the units of the Scheme can be purchased/sold in minimum lot of 1 unit and in multiples thereafter. Directly with the Fund:The minimum number of units of the Scheme that investors can create/redeem in exchange of portfolio deposit and cash component is 100,000 units and in multiples thereof. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Scheme’s objectives will be achieved (2) As the price/value/interest rates of the securities in which the Scheme invests fluctuates, the Net Asset Value (NAV) of the Scheme may go up or down depending upon the factors and forces affecting the securities market (3) 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 (4) Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100) is only the name of the Scheme and does not in any manner indicate either the quality of the Scheme, its future prospects and returns. Investors are therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Scheme (5) The Sponsor is not responsible or liable for any loss or shortfall resulting from the operation of the Mutual Fund beyond the initial contribution made by it of an amount of Rs.100,000 towards setting up of the Mutual Fund (6) The present Scheme is not a guaranteed or assured return Scheme. (7) Investment in the scheme shall be subject to various other risk factors including but not limited to risk associated with investment in foreign securities, derivatives, currency risk, exchange rate risk, tracking error risk, etc. Please read the Scheme Information Document (SID) & Statement of Additional Information (SAI) carefully before investing. A copy of SID, SAI and KIM along with the application form is available at the office of the AMC, R&T, Distributors, or can be downloaded from www.motilaloswal.com/assetmanagement and www.mostshares.com.
Disclaimer of NASDAQ-100: NASDAQ®, OMX®, NASDAQ OMX®, NASDAQ-100®, and NASDAQ-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the “Corporations”) and are licensed for use by MOAMC. MOSt Shares NASDAQ 100 (the Product) has not been passed on by the Corporations as to their legality or suitability. The Product are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product.
*Eligibility Criteria & Methodology:
Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) won the CNBC TV18 - CRISIL Mutual Fund Awards 2011in the Category – Most Innovative Fund of the Year. In total 13 schemes/plans/themes were eligible for the award universe. Mutual fund schemes/plans/themes launched in 2010 across all categories and nominated by Asset Management Companies to CRISIL were considered for the award. The award is based on CRISIL’s assessment of the product concept, marketing and distribution channels, timeliness of launch and mobilization attributable to the scheme. Past performance is no guarantee of future results.
Rankings and Award Source: CRISIL FundServices, CRISIL Ltd.
Scheme Classification & Investment Objective: Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), an open ended Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error. Asset Allocation: Securities constituting MOSt 50 Basket: 95%-100%; Debt and Money market instruments and cash at call: 0-5%. The total exposure to Derivatives would be restricted to 10% of the net assets of the Scheme.
For more information please contact:
EDS Table
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- Alpesh Nakrani / Anirudh Rajan Paradigm Shift Public RelationsMob: +91 9869121167 / +91 9892343828 Tel: +91 22 22813797 / 98
- Mr. Hari KrishnanMotilal Oswal AMC LtdMob: +91 9820520392Ph: +91 22 39825500