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, CNX Midcap or NASDAQ-100 Index. It combines the benefit of a mutual fund scheme with convenience of trading like a share.

	What is MOSt Shares NASDAQ 100?
	Motilal Oswal MOSt Shares NASDAQ-100 ETF, (MOSt Shares NASDAQ 100) is an open ended Index Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) generally to the performance of the NASDAQ-100 Index, subject to tracking error. The Scheme will invest in the securities which are constituents of NASDAQ–100 Index in the same proportion as in the Index.

What is NASDAQ-100 Index?

The NASDAQ-100 is an index of 100 of the largest (by market capitalization) non-financial companies listed on the NASDAQ. It is a modified capitalization-weighted index. The companies’ weights in the index are based on their market capitalizations, with certain rules capping the influence of the largest components. It does not contain financial companies, and also includes companies incorporated outside the United States.

What is NASDAQ?

The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. It is the largest electronic screen-based equity securities trading market in the United States and second largest by market capitalization in the world. The NASDAQ has more trading volume than any other electronic stock exchange in the world. When the NASDAQ stock exchange began trading on February 8, 1971, it was the world’s first electronic stock market (Source: NASDAQ Website).

How is the price of MOSt Shares NASDAQ 100 determined?

For all the investment applications received during the NFO period, MOSt Shares NASDAQ 100 units will be allotted to investors at a price approximately equal to 1/1000th of the closing value of NASDAQ-100 Index available on the allotment date (Indian Standard Time). For example, if on allotment date, value of NASDAQ-100 Index is 2200, then the units will be issued approximately at USD ($) 2.2 each or `99 (assuming the closing RBI reference exchange Dollar to is `45 on the allotment date). Post NFO, MOSt Shares NASDAQ 100 will be listed on the capital market segment of NSE and BSE and will trade like any share. Investors will be able to buy & sell the units of the Scheme at the prevailing price on NSE and BSE, which though a function of demand & supply, will be around the NAV of underlying MOSt Shares NASDAQ 100 portfolio. The indicative intra-day real time NAV of MOSt Shares NASDAQ 100 will be displayed on AMC’s websites (www.motilaloswal.com/assetmanagement and www.mostshares.com). End of the day NAV of MOSt Shares NASDAQ 100 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 NASDAQ 100?
	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 NASDAQ 100?

A mutual fund scheme with the convenience of trading like a share.
Low fees and expenses.
Owning a diversified portfolio of 100 of the largest (by market capitalization) non financial companies listed on NASDAQ at low investment amount.
Exposure to basket of securities which has Low correlation with Nifty (0.29) and Sensex (0.29). Source: NASDAQ OMX and Factset Research Systems Inc.
Better transparency with daily portfolio disclosure.

Where to buy & sell MOSt Shares NASDAQ 100?

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 applications through any Mutual Fund distributor. They can also apply directly to Motilal Oswal Asset Management Company Limited through physical applications. On an ongoing basis, MOSt Shares NASDAQ 100 will be listed on NSE and BSE and investors will be able to buy or sell MOSt Shares NASDAQ 100 from NSE or BSE through their trading accounts with their brokers/sub-brokers at prices quoted on NSE or BSE. The Large Investors can subscribe/redeem directly with the Fund only in creation unit size i.e. 100,000 units.