An open ended Exchange Traded Fund

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.

Liquidity

On the Exchange

The units of the Scheme can be bought/sold on all trading days on the National Stock Exchange of India Ltd (NSE) /Bombay Stock Exchange Ltd. (BSE) where the Scheme will be listed.

or

Directly with the Mutual Fund

Investors may subscribe to and/or redeem the units of the scheme directly with the Mutual Fund on any business day on an ongoing basis in creation unit lot of 10 units (10 gms) and multiples of 10 units (10 gms) thereof.

An investor can also sell its units of the Scheme directly to the Fund in less than creation size for a period of 1 trading week, under either of the following circumstances:

1.   Where there have been no quotes on the exchange for 3 trading days consecutively

2.    When the average discount, of the volume weighted traded price to the volume weighted indicative NAV over a period of 1 trading week is greater than 3 %, and  

3.    When the total bid size on the exchange(s) is less than 10 creation units over a period of 1 trading week.

In above circumstances, an investor can sell its units of the Scheme to the Fund with an exit load of 1% of NAV of the Scheme.

The notification of the same would be displayed on our website.

Spot Domestic Gold Price

Purity of Gold: All gold bullion held in the scheme’s allocated account with the custodian shall be of fineness (or purity) of

(99.5%) or higher.

Entry Load: Nil

The AMC will calculate and disclose the NAV of the Scheme on all business days. The NAV of the Scheme shall be published at least in two daily newspapers. The AMC will update the NAVs on its website www.motilaloswal.com/assetmanagement and www.mostshares.com and also on AMFI website www.amfiindia.com before 9.00 p.m. on every business day. If the NAV is not available before the commencement of Business Hours on the following day due to any reason, the Mutual Fund shall issue a press release giving reasons and explaining when the Mutual Fund would be able to publish the NAV.

The AMC shall disclose the Portfolio of the Scheme within one month from the close of each half year (i.e. 31st March and 30th September) either by sending a complete statement to all the Unitholders or by publishing the same by way of advertisement in one national English daily newspaper circulating in the whole of India and in a newspaper published in the language of the region where the Head Office of the Mutual Fund is situated. The portfolio statement will also be displayed on the website of the AMC and AMFI.

The AMC shall also make available the Annual Report of the Scheme within four months of the end of the financial year. The AMC may also calculate intra-day indicative NAV (computed based on snapshot prices of the underlying securities traded and available on NSE/BSE) and will be updated during the market hours on its website www.motilaloswal.com/assetmanagement and www.mostshares.com. Intra-day indicative NAV will not have any bearing on the subscription or redemption of units directly with the Fund by the Authorised Participant / Investor.

During NFO:

Rs. 10,000/- and in multiples of Re. 1/- each.

Continuous Offer:

On Exchange: Investors can buy/sell units of the Scheme in round lot of 1 unit and in multiples thereof.

As the units of the Scheme can be bought/sold directly from the Fund in creation unit size, this mechanism provides an efficient arbitrage between the traded prices and the NAV, thereby reducing the incidence of the units of the Scheme being traded at premium/discounts to NAV.

Unless stated otherwise in this document, ‘Applicable NAV’ is the Net Asset Value at the close of a Business/Working Day on which the purchase or redemption is sought by an investor and determined by the Fund.