Motilal Oswal Asset Management Company Ltd. (MOAMC) is a public limited company incorporated under the Companies Act, 1956 on November 14, 2008, having its Registered Office at 10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai - 400025.
Motilal Oswal Asset Management Company Ltd. has been appointed as the Investment Manager to Motilal Oswal Mutual Fund by the Trustee vide Investment Management Agreement (IMA) dated May 21, 2009, executed between Motilal Oswal Trustee Company Ltd. and Motilal Oswal Asset Management Company Ltd.

Print

Splits in face value of Motilal Oswal NASDAQ 100 ETF

Mumbai   17-Jun-2021

Splits in face value of Motilal Oswal NASDAQ 100 ETF

 The split in the face value of each unit of Motilal Oswal NASDAQ 100 ETFfrom existing Rs. 10 to revised Re 1; the record date is 18th June2021.

Mumbai, 17th June 2021: Motilal Oswal Asset Management Company Limited (“MOAMC” or “Motilal Oswal AMC”), via issuance of addendum dated 3rd June 2021, has announcedsplit in the face value of each unit of Motilal Oswal NASDAQ 100 ETF fromexisting Rs. 10 to revised Re 1. The ex-date and record date for the split is setas 17 June 2021 and is 18 June 2021 respectively. Consequently, the balanceunit holding of the existing unit holders under the Scheme as per records ofthe depositories as on 18th June, 2021 (“Record Date”) will increase proportionately. However, this will nothave any impact on the current value of holdings of the Unit holders of theScheme(s).

“At Motilal Oswal AMC, it is our constant endeavor to offer easy accessto innovative products at low cost. The split will result in Motilal OswalNASDAQ 100 ETF trading at 1/10th price from the open on 17 June2021. This would encourage small investors to take exposure to internationalequities.” said Navin Agarwal, MD & CEO of Motilal Oswal Asset ManagementCompany Ltd.

“We think the split will encourage more retail participation in this ETFwhich may also help increase liquidity on the stock exchange. Post-split,investors can invest in this ETF with as low as Rs 100/-.” said Pratik Oswal,Head of Passive Funds, Motilal Oswal Asset Management Company Ltd. “We takethis opportunity to thank all our investors for believing in us. The assetunder management of Motilal Oswal NASDAQ 100 ETF cross Rs 4,000 crores as of 16thJune 2021, another important milestone.” further added by Pratik Oswal.

For more information about split, please read the ‘Addendum to theScheme Information Document and Key Information Memorandum of the Scheme,Motilal Oswal NASDAQ 100 ETF’ or login to www.motilaloswalmf.com

 

AboutMotilal Oswal Asset Management Company Limited:

Motilal Oswal Group possesses legacy inequities for over 3 decades. Motilal Oswal AMC is registered with SEBI as theInvestment Manager for Motilal Oswal Mutual Fund. It was incorporated onNovember 14, 2008. It provides Investment Management and Advisory Services toinvestors based within and outside India and having AIF’s Portfolio ManagementServices business, ETFs and Mutual Funds. 

Motilal Oswal AMC is one of the most honouredand trusted names in equity investing. MOAMC is one of the pioneers of PMSbusiness with over 17 years of track record. It is also one of the pioneers ofpassive funds in India through ETFs way back in 2010, Motilal Oswal Nifty 50ETF, Motilal Oswal Midcap 100 ETF, Motilal Oswal Nasdaq 100 ETF – the only offshoreETF and have exclusive rights for Nasdaq.

MOAMC is one of the fastest growing AssetManagement Companies in India with a unique investment philosophy, ‘Buy Right;Sit Tight’ which means buying quality companies at a reasonable price and SitTight to ride their growth cycle for a long period of time.


For further details contact:

Rohini Kute

Head, Corporate Communication,

Motilal Oswal Financial Services

Mob +91 9820196838

Mail: rohini.kute@motilaloswal.com

*Investors should consult their financialadvisers if in doubt about whether the product is suitable for them.

Mutual Fund Investments are subject to market risks,read all scheme related documents carefully.

Please note: The other Funds managedby the Fund Managers can be viewed on www.motilaloswalmf.com