Motilal Oswal M50 ETF

Type of Scheme : An Open Ended scheme replicating Nifty 50 Index

Benchmark : Nifty 50 Index

Allocation:Under normal circumstances, the asset allocation pattern of the Scheme is as follows:

The Scheme may take an exposure to equity derivatives of constituents of the Underlying Index for short duration when securities of the Index are unavailable, insufficient or for rebalancing at the time of change in Index or in case of corporate actions. When constituents securities of underlying Index are available again, derivative positions in these securities would be unwound. The total exposure to derivatives would be restricted to 10% of the net assets of the Scheme. The margin paid for derivative instruments will form part of Debt and Money market Instruments.

Methodology and illustration of sale and repurchase price of units

a) Methodology of calculating sale price: The price or NAV, an investor is charged while investing in an open-ended scheme is called sale or subscription price. Pursuant to SEBI Circular dated June 30, 2009, no entry load will be charged by the scheme to the investors. Therefore, sale or subscription price = Applicable NAV (for respective plan and option of the scheme)

Example: An investor invests Rs. 10,000/- and the current NAV is Rs. 10/- then the purchase price will be Rs. 10/- and the investor receives 10,000/10 = 1000 units

b) Methodology of calculating repurchase price of units: Repurchase or redemption price is the price or NAV at which an open-ended scheme purchases or redeems its units from the investors. It may include exit load, if applicable. The exit load, if any, shall be charged as a percentage of Net Assets Value (NAV) i.e. applicable load as a percentage of NAV will be deducted from the "Applicable NAV" to calculate the repurchase price. Therefore, repurchase or redemption price = Applicable NAV * (1- Exit Load, if any)

Example: If the applicable NAV is Rs. 10 and a 2% exit load is charged, the redemption price per unit will be calculated as follows: = Rs. 10 * (1-0.02) = Rs. 10 * (0.98) = Rs. 9.80

Fund Manager : Mr. Ashish Agarwal

About Fund Manager : Mr. Agarwal has done his Bachelor of Commerce from University of Lucknow and has followed it up with a PGDBM in Finance from Institute of Management Technology, Ghaziabad. He brings with him 13 years of rich experience in the Capital markets. He has previously worked with leading houses like Citigroup, RBS and Edelweiss.

Other Funds Managed by by Mr. Ashish Agarwal : Motilal Oswal Midcap 100 ETF.

Date of Allotment: 28th July 2010

Entry Load: Nil

Exit Load: Nil

Tracking Error*: 0.23% (Annualised) 

Standard Deviation: 12.22 (Annualised)

Sharpe Ratio#:  0.56 (Annualised)

Portfolio Turnover Ratio: 0.04

Beta: 0.96

*Against the benchmark Nifty 50 Index.

#Risk free returns based on last overnight MIBOR cut-off of 5.97%

Data as on 30-June-2019

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

Directly with the Mutual Fund: Investors can buy/sell units of the Scheme only in creation unit size i.e. 25,000 units and in multiples thereof.

Eligibility Criteria :

• Resident Individual
• Annual Income < =Rs. 12 lakh
• Demat Account Not Opened
• No transactions in Equity or F&O

New Investor:

• Open a Demat account with RGESS flag ‘Y’
• Open a broking account
• Provide PAN while opening account
• Submit declaration in Form A to DP

Tax Benefits:

• Tax Benefit u/s 80CCG – deduction from total income
• Deduction of 50% of amount invested. Deduction not to exceed Rs. 25,000
• Deduction permitted only in one Assessment Year

Lock-in period – 3 Years:

• Fixed lock-in of one year from the date of credit/purchase
• Flexible Lock-in of 2 years from the end of Fixed lock in period 

Tax Benefits* : Illustration for FY 2014-15

Includes 3% Education Cess

*The above tax illustration is only for explaining tax benefits under RGESS and should not be construed as tax advice. The figures mentioned in the illustration are based on assumptions and should not be interpreted factually, as the tax benefits are as per the current income tax laws and rules which are subject to modifications from time to time. Investors are advised to consult their tax advisors before investing in the scheme.