FAQs

What is an Exchange Traded Fund?

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 an underlying asset like Gold. It combines the benefit of a mutual fund scheme with convenience of trading like a share. They enable investors to gain broad exposure to indices or defined underlying assets with relative ease, on a real-time basis, and at a comparative lower cost than many other forms of investing.

	What is Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares)?
	India’s first Gold ETF to convert ETF units to physical gold at a price lower than other options in the market; that too in as low as 10 gms. The performance of the fund will be benchmarked to the Indian Spot Gold Price. However, the performance of fund may differ from that of the underlying index due to tracking error.

What are advantages of investing in gold through MOSt Gold Shares?

· For the 1st time ever, directly buy from AMC in 10 gram lots
OR

· Buy Gold ETFs from stock exchange terminal (1 gm i.e. 1 unit or higher)

· For the 1st time ever, redeem ETF Units for physical Gold bars as low as 10gms

· Get pure imported gold- fineness or purity of 99.5% or higher

· At a price lower than other options in the market

· Delivery centers across 22 cities in India

· Pass through price benefit to consumers!!!

· No entry & exit load

· No storage & security issues for investors

· Units of MOSt Gold Shares will not be liable for wealth tax unlike physical gold

How to invest in MOSt Gold Shares?

Units of the Scheme will be listed on both NSE & BSE. Investors can buy/sell the scheme units through their trading accounts with their broker/sub-brokers at the price quoted on stock exchanges. The minimum number of units that can be bought or sold is one unit.

The units of the scheme can also be directly bought/sold with Mutual Fund in creation unit lot of 10 units (10 grams) and multiples of 10 units (10 grams) thereof.

	What is the procedure and timeline for buying/selling the scheme units directly with the Mutual Fund?
	Cash Creation process Physical Redemption processprocess The above process flow is only for understanding purpose and may vary from case to case. For further details, please refer Scheme Information Document (SID) of MOSt Gold Shares

Disclaimer

Statutory Details: Constitution: Motilal 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 Name & Classification: Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares), an open ended Exchange Traded Fund. Investment Objective: The investment objective of the Scheme is to provide return by investing in Gold Bullion. The performance of the fund will be benchmarked to the Spot Gold Price. However, the performance of scheme may differ from that of the underlying index due to tracking error. There can be no assurance or guarantee that the investment objective of the Scheme would be achieved. Asset Allocation: Gold Bullion: 95%-100%; Government Securities, 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 of National Stock Exchange of India Ltd. (NSE) and Bombay Stock Exchange Ltd. (BSE). On the Exchange, the units of the Scheme can be purchased/sold in minimum lot of 1 unit and in multiples thereafter. Directly with the Fund: Investors can buy/sell units of the Scheme in creation unit size of 10 units (10 gms) and multiples of 10 units (10 gms) thereof. The scheme offers only redemption in kind (physical delivery of gold) directly with the fund. Face Value & Issue Price: The units being offered will have a face value of Rs. 10/- each. Units will be issued at a premium equivalent to difference between allotment price and the face value of Rs. 10/-. Investor Benefits and General Services: During continuous offer, sale and redemption of units of the Scheme would be at NAV based prices on all business days. 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 Gold ETF (MOSt Gold Shares ) 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 Gold, currency risk, exchange rate risk, tracking error risk, etc. Disclaimer of NSE: 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. Disclaimer of BSE: It is to be distinctly understood that the permission given by Bombay Stock Exchange Ltd. should not in any way be deemed or construed that the SID has been cleared or approved by Bombay Stock Exchange Ltd. nor does it certify the correctness or completeness of any of the contents of the SID. The investors are advised to refer to the SID for the full text of the Disclaimer Clause of the Bombay Stock Exchange Ltd. For further Scheme Specific Risk Factors & other details, Please read 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.