Dear Investor,
During the last month, the Indian markets were volatile with Nifty decreasing 1.44% from 5,834 as on 31st March '11 to 5,750 as on 29th April '11 while CNX Midcap Index increased 2% from 8,040 as on 31st March '11 to 8,201 as on 29th April '11.
The high interest environment coupled with high crude oil, metal and commodity prices are expected to reduce the sales growth of companies on one hand while reducing the profit margins for interest rate sensitive companies and consumers of commodities. This is expected to reduce the earnings growth prospects of the Indian markets in the coming fiscal. In such an environment, Indian markets are expected to remain under pressure.
The performance of all the schemes as on April 2011 is given below:
MOSt Shares M50
|
| Scheme | Benchmark | |
| M50^ | MOSt 50 Basket | NIFTY* | |
| 6 month | -5.61% | -5.16% | -4.46% |
| Since Inception# | 4.10% | 5.63% | 6.52% |
(as on 29th April 2011) Note: Returns shown above are absolute returns.
Past performance may or may not be sustained in future.
*S&P CNX Nifty Index ^MOSt Shares M50 # July 28, 2010 - Allotment Date
MOSt Shares M100
|
| Scheme | Benchmark |
| M100^ | CNX Midcap Index | |
| Since Inception# | 3.70% | 3.51% |
(as on 29th April 2011) Note: Returns shown above are absolute returns.
Past performance may or may not be sustained in future.
^MOSt Shares M100 # January 31, 2011 - Allotment Date
MOSt Shares NASDAQ 100
|
| Scheme | Benchmark - NASDAQ-100 Index | |
| N100^ | Returns in INR* | Returns in USD | |
| Since Inception# | 3.54% | 3.60% | 4.64% |
(as on 29th April 2011) Note: Returns shown above are absolute returns.
*NASDAQ-100 Index returns in INR are based on exchange rate used in calculating the scheme's NAV.
Past performance may or may not be sustained in future.
^MOSt Shares NASDAQ 100 # March 29, 2011 - Allotment Date
The Fact Sheet of the Schemes for April 2011 is attached for your reference.
Please visit http://www.mostshares.com/downloads.aspx for the latest Portfolio, NAV, Fact Sheet and other information.
Please feel free to write to us on mfservice@motilaloswal.com for any queries.
Scheme Classification & Objective: Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), an open ended Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error. Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100), an open ended Index Exchange Traded Fund that seeks investment return that corresponds (before fees and expenses) to the performance of CNX Midcap Index (Underlying Index), subject to tracking error. Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100), 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. Asset Allocation: MOSt Shares M50: Securities constituting MOSt 50 Basket: 95%-100%; Debt and Money market instruments and cash at call: 0-5%. MOSt Shares M100: Securities constituting CNX Midcap Index: 95%-100%; Debt and Money market instruments and cash at call: 0-5%. MOSt Shares NASDAQ 100: Securities constituting NASDAQ-100 Index: 95%-100%; Overseas Debt and Money market instruments and cash at call, mutual fund schemes or exchange traded funds based on NASDAQ-100 Index: 0-5%.Load: Entry Load: Nil Exit Load: Nil Terms of Issue: On the Exchange: The units of the Schemes are listed on the Capital Market Segment on National Stock Exchange Ltd. (NSE)/Bombay Stock Exchange Ltd. (BSE). On NSE/BSE, the units of the Schemes can be purchased/sold in minimum lot of 1 unit and in multiples thereafter. Directly with the Fund: The minimum number of units of the Scheme that investors can create/redeem in exchange of portfolio deposit and cash component is 50,000 units and in multiples thereof for MOSt Shares M50, 2,50,000 units and in multiples thereof for MOSt Shares M100 and 100,000 units and in multiples thereof for NASDAQ 100. The NAV will be calculated and disclosed at the close of every Business Day. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Schemes' objectives will be achieved (2) The Net Asset Value (NAV) of the Schemes 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 Schemes and may not provide a basis of comparison with other investments (4) Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares M100) and Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100), an open ended Index Exchange Traded Fund are only the name of the Schemes and does not in any manner indicate either the quality of the Schemes, its future prospects and returns. Please read the SID & SAI carefully before investing. (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 Schemes are not a guaranteed or assured return Schemes. IISL Disclaimer: MOSt Shares M50: The MOSt 50 Basket is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL). MOSt 50 Basket has been developed by MOAMC and IISL has calculated and maintained as per the specifications and requirements of MOAMC. IISL does not make any representation or warranty, express or implied regarding the advisability of investing in the products linked to MOSt 50 Basket and availing the services generally or particularly or the ability of MOSt 50 Basket to track general stock market performance in India. Please read the full Disclaimers in relation to the MOSt 50 Basket in the Scheme Information Document. MOSt Shares M100: MOSt Shares M100 offered by Motilal Oswal Asset Management Company Limited (MOAMC) or its affiliates is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited (IISL) and its affiliates. IISL and its affiliates do not make any representation or warranty, express or implied (including warranties of merchantability or fitness for particular purpose or use) to the owners of MOSt Shares M100 or any member of the public regarding the advisability of investing in securities generally or in the MOSt Shares M100 linked to CNX Midcap Index or particularly in the ability of CNX Midcap Index to track general stock market performance in India. Please read the full Disclaimers in relation to the CNX Midcap Index in the Scheme Information Document. S&P Disclaimer: MOSt Shares M50: "S&P®" and "Standard and Poor's®" are trademarks of S&P, and have been licensed for use by India Index Services & Products Limited in connection with the S&P CNX Nifty Index. MOSt Shares M50 is not sponsored, endorsed, sold or promoted by India Index Services & Products Limited ("IISL") or Standard & Poor's ("S&P"), a Delaware limited liability company. Neither IISL nor S&P makes any representation or warranty, express or implied, to the owners of MOSt Shares M50 or any member of the public regarding the advisability of investing in securities generally or in MOSt Shares M50. Please read the full Disclaimers in relation to the S&P CNX Nifty Index in the Scheme Information Document. NASDAQ-100 Disclaimer: MOSt Shares NASDAQ 100: NASDAQ®, OMX®, NASDAQ OMX®, NASDAQ-100®, and NASDAQ-100 Index®, are registered trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as the "Corporations") and are licensed for use by MOAMC. MOSt Shares NASDAQ 100 (the Product) has not been passed on by the Corporations as to their legality or suitability. The Product are not issued, endorsed, sold, or promoted by the Corporations. The Corporations make no warranties and bear no liability with respect to the product. NSE Disclaimer: 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. BSE Disclaimer: 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.
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.
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G. Narayanababu,
+91 98940 33334
+ 91 4546 260460
Motilal Oswal Securities Ltd.,
Solid Research Solid Advice.
45 & 47, Subban Street,
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Theni 625 531.
http://narayanababu.blogspot.com
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