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- Mumbai 03 Feb 2011
MOST Shares Midcap 100 ETF – India's First And Only MidCap Index ETF
2011-02-04 Mumbai
MOSt Shares Midcap 100 ETF –
India's First and only MidCap Index ETF,
Listed on NSE Today
Mumbai, February 4, 2011:Motilal Oswal Mutual Fund’s Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100), the only Midcap market access ETF,has been listed on NSE Today. MOSt Shares M100 is India's 1st and only MidCap Index ETF; based on CNX Midcap Index. The listing ceremony was held at NSE, Mumbai at 9 am. Present at the ceremony were Mr. Suresh Narayan – CEO, India Index Services & Products Ltd (A JV between Crisil & NSE), Mr. Motilal Oswal – Chairman & Managing Director, Motilal Oswal Financial Services Ltd and Mr. Nitin Rakesh – MD & CEO, Motilal Oswal Asset management Ltd.
Mr. Nitin Rakesh- Managing Director & CEO, MOAMC said – “We are delighted to have successfully created an efficient way for investors to access the Midcap segment of the market and hope to continue to provide further innovative products to them”
The New Fund Offer (NFO) which was open for subscription from January 12, 2011 till January 24, 2011 got a tremendous response from investors with great level of interest from all market participants: Retail, HNI and Institutional.
1. Rs. 125 Cr NFO collection
2. 13,900+ applications
3. 12000+ investors
4. 324 locations
5. 88% of applications through online systems such as exchanges or online trading systems
6. Majority of the allocations from individual investors (>80%)
7. 51 seminars across 40 locations in 2 weeks
8. 10,000 investors addressed, including sessions on ETFs
9. 500+ distributors/ sub brokers contributed to the NFO
The ETF provides investors with the only cash access to the CNX Midcap Index.
About MOSt Shares M100
Motilal Oswal Asset Management Company has launched Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100), an open ended Index Exchange Traded Fund, which seeks investment return that corresponds (before fees and expenses) to the performance of the CNX Midcap Index subject to tracking error. The Scheme re-opens for continuous sale or repurchase on February 4, 2011. The Fund will be listed on the NSE. The investor can buy units on an ongoing basis on the NSE, the units of the scheme can be bought /sold in round lot of 1 unit.
The Scheme seeks to achieve its goal by investing in securities constituting the CNX Midcap Index in same proportion as in the Index. The Scheme will invest at least 95% of its total assets in the securities comprising the Underlying Index. The Scheme may also invest in debt and money market instruments to meet the liquidity and expense requirements. The Benchmark index for the scheme will be CNX Midcap Index.
For more information please contact:
EDS Table
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- Alpesh Nakrani / Anirudh Rajan Paradigm Shift Public RelationsMob: 9869121167 / 9892343828 Tel: +91 22 22813797 / 98
- Mr. Hari KrishnanMotilal Oswal Asset Management Company LtdMob: +91 9820520392Ph: +91 22 39825500
Visit www.mostshares.com for more details.
Disclaimer:
Statutory DetailsMotilal 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 & Objective: Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100), an open ended Index Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) to the performance of CNX Midcap Index (Underlying Index), subject to tracking error. Asset Allocation: Securities constituting CNX Midcap Index: 95%-100%; Debt and Money market instruments and cash at call: 0-5%. Load: Entry Load: Nil Exit Load: Nil Terms of Issue: Minimum Application Amount:During NFO, Rs. 10,000/- and in multiples of Re. 1/- each. Ongoing Basis, On the Exchange:The units of the Scheme are proposed to be listed on the Capital Market Segment on National Stock Exchange (NSE). On NSE, 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 2,50,000 units and in multiples thereof. Face Value & Issue Price: Offer of units having face value of Rs. 10/- per unit for cash at an allotment price during the New Fund Offer and at NAV based prices during continuous offer. Investor Benefits and General Services: During continuous offer, sale and redemption on all business days at NAV based prices. NAVs to be declared on all business days. 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 Midcap 100 ETF (MOSt Shares M100) 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. 1 Lac 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 equities such as trading volumes, settlement risk, liquidity risk, default risk, tracking error risk, including the possible loss of principal, investment in derivatives, etc. IISL Disclaimer: MOSt Shares M100 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or its affiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOSt Shares M100 or any member of the public regarding the advisability of investing in securities generally or in the MOSt Shares M100 linked to CNX Midcap Index or particularly in the ability of CNX Midcap Index to track general stock market performance in India. Please read the full Disclaimers in relation to the CNX Midcap Index in the Scheme Information Document. NSE Disclaimer: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Scheme Information Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Scheme Information Document. The investors are advised to refer to the Scheme Information Document for the full text of the Disclaimer Clause of NSE. For further Scheme Specific Risk Factors & other details, Pleaseread the Scheme Information Document (SID) & Statement of Additional Information (SAI) carefully before investing. A copy of SID, SAI and KIM alongwith the application form are available at the office of the AMC, R&T, Distributors, or can be downloaded from www.motilaloswal.com/assetmanagement and www.mostshares.com