Motilal Oswal launches India’s 1st Midcap ETF; based on CNX

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Motilal Oswal Mutual Fund launches MOSt Shares M100 ETF
India’s First Midcap ETF; based on CNX Midcap Index

Mumbai, January 10, 2010: Motilal Oswal Asset Management Company Ltd. has announced the launch of Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100), an open ended Index Exchange Traded Fund which seeks to track the CNX Midcap Index. This Midcap ETF is India’s first exchange traded fund (ETF) which tracks the performance of the Midcap segment of the broader stock market.

Speaking at the launch of Motilal Oswal Mutual Fund’s second product, Mr. Nitin Rakesh, MD & CEO said, “We are excited to bring a brand new product to market – MOSt Shares M100 will be a 1^st of its kind access into a midcap basket and will provide all categories of advisors & investors the ability to allocate assets to midcaps as a segment”. MOSt Shares M100 is the second offering and also second ‘India’s First’ product from the stable of Motilal Oswal Mutual Fund, in line with Motilal Oswal AMC’s endeavor to launch such specialized first of their kind products.

MOSt Shares M100 ETF will be listed on the NSE. The minimum investment amount during the NFO is ` 10,000 and in multiples of ` 1 thereafter. On an ongoing basis, on the exchange, the units of the Scheme can be bought/sold in round lot of 1 unit. The fund manager of the scheme is Mr. Rajnish Rastogi.

The New Fund Offer (NFO) will be open for subscription from January 12, 2011.

About MOSt Shares M100

Motilal Oswal MOSt Shares Midcap 100 ETF is an open ended Index ETF that seeks investment return that corresponds (before fees and expenses) to the performance of the CNX Midcap Index, subject to tracking error. The Scheme will invest in the securities which are constituents of CNX Midcap Index in the same proportion as in the Index.

During NFO, Investors can apply online on BSE Star Platform or on MFSS platform of NSE through their share broker/sub-brokers or by physical application through any Mutual Fund distributor. They can also apply directly to Motilal Oswal AMC through physical applications.

On an ongoing basis, MOSt Shares M100 will be listed on NSE and investors will be able to buy or sell MOSt Shares M100 from NSE through their trading accounts with their brokers/sub-brokers at prices quoted on NSE.

Large investors can subscribe/redeem directly with the Fund only in creation unit size i.e. 2,50,000 units.