FAQs

	What are ETFs?
	Exchange Traded Funds (ETFs) are open ended mutual fund schemes, which are traded on stock exchanges like a share and seek investment returns that correspond to the performance of a particular index like Nifty or CNX Mid Cap Index. It combines the benefit of mutual fund scheme with convenience of trading like a share.

	What is Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100)?
	Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100) is an open ended index ETF that seeks investment return that corresponds (before fees and expenses) to the performance of 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.

	What is CNX Midcap Index?
	CNX Midcap Index is formulated by India Index Services & Products Limited (IISL), a joint venture between NSE and CRISIL Ltd. It comprises 100 Midcap stocks with their weightage in index being determined based on their free float market capitalisation. The primary objective of the CNX Midcap Index is to capture the movement and be a benchmark of the midcap segment of the market.

How is the price of MOSt Shares M100 determined?

For all the investment applications received during the NFO period, the units of MOSt Shares M100 will be allotted to investors at a price approximately equal to 1/1000th of the value of CNX Midcap Index on the allotment date. For example, as on 31st December 2010 value of CNX Midcap Index was 8857.2 so the units would have been issued approximately at Rs.8.8572 each

Post NFO, MOSt Shares M100 will be listed on the capital market segment of NSE and will trade like any other share. Investors will be able to buy & sell the units of the Scheme at the prevailing price on NSE. The price on NSE though a function of demand & supply is expected to be around the NAV of the scheme. The indicative intra-day real time NAV of MOSt Shares M100 will be displayed on AMC’s website(www.motilaloswal.com/assetmanagement and www.mostshares.com).

End of the day NAV of MOSt Shares M100 will also be published daily at the end of day before 9 p.m. on AMFI website i.e. www.amfiindia.com

	What is minimum investment amount in MOSt Shares M100 ?
	During NFO period, minimum investment amount is Rs.10,000/- and in multiples of Re.1/- thereafter. On an ongoing basis, on the exchange, the units of the Scheme can be bought/sold in round lot of 1 unit.

	What are the advantages of MOSt Shares M100?
	a. A mutual fund scheme with the convenience of trading like a share. b. Low fees and expenses. c. Owning a diversified portfolio of 100 midcap stocks at low investment amount. d. Better transparency with daily portfolio disclosure.

Where to buy & sell MOSt Shares M100?

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.

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