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    HomeNewsBusinessMutual FundsMotilal Oswal MF launches MOSt Shares M100 ETF

    Motilal Oswal MF launches MOSt Shares M100 ETF

    Motilal Oswal MF launches MOSt Shares M100 ETF ), an open ended Index Exchange Traded Fund, that seeks investment return that corresponds (before fees and expenses) to the performance of the CNX Midcap Index (Underlying Index), subject to tracking error.

    January 12, 2011 / 14:19 IST

    Motilal Oswal Asset Management Company has launched 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 the CNX Midcap Index (Underlying Index), subject to tracking error.
    .
    The New Fund Offer (NFO) will be open for subscription from January 12, 2011 and will be closed on January 24, 2011. The Scheme re-opens for continuous sale or repurchase on or before February 8, 2011. (View - New Fund Offers open NOW)


    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 minimum investment amount during the NFO is Rs 10,000 and in multiples of Rs 1 thereafter.


    Entry and exit load - nil


    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.


    The fund manager of the scheme is Mr. Rajnish Rastogi.

    For more Mutual Fund News click here

    first published: Jan 12, 2011 01:58 pm

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