Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) : NFO

by khalid on 15/07/2010 · 0 comments

Motilal Oswal Mutual Fund has launched its maiden New Fund Offer (NFO) named as Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50) . This is an open ended Exchange Traded Fund (ETF). The objective of the fund is to seeks investment return that corresponds (before fees and expenses) generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error. The scheme offers only growth option. The scheme would allocate 95% to 100% of assets in securities constituting MOSt 50 Basket and up to 5% of assets in debt and money market instruments and cash at call with low to medium risk profile.

The scheme will invest in the securities which are constituents of MOSt 50 Basket in the same proportion as in the Basket. MOSt 50 Basket is a fundamentally weighted basket based on S&P CNX Nifty Index (Nifty). MOSt 50 Basket includes all 50 constituents of Nifty.

Entry load charge will not be applicable for the scheme. There will be no exit load on units bought or sold through the NSE and BSE.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Rajnish Rastogi is the Fund Manager of the plan.

Fund NameMotilal Oswal Mutual Fund
Scheme Name Motilal Oswal MOSt Shares M50 ETF
Scheme CategoryOpen Ended (Other ETFs)
NFO Launch Date30th Jun 2010
NFO Closure Date19th Jul 2010
NFO Price Rs 10 + premium per unit.
Min. Subscription AmountRs 10000 and in multiples of Re. 1 thereof.

For Further Details Please Visit Website : www.motilaloswal.com/assetmanagement/

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