Dear All,
The flagship mutual fund – MOSt Shares M50 has completed 2 months since it was listed on 30th July 2010. We are pleased to share the performance and the fund highlights since inception.
Performance as on 30th September, 2010
| Benchmark | Scheme |
| MOSt 50 Basket | NIFTY* | M50^ | |
| Since Inception | 12.11% | 11.71% | 11.65% |
The portfolio saw its first rebalancing event on 1st October when the following 3 stocks moved out of NIFTY and 3 new companies came in.
| Included in Index | Excluded from Index | Effective Date |
| Bajaj Auto Ltd. | ABB Ltd. | 01-10-2010 |
| Dr. Reddy's Laboratories Ltd. | Idea Cellular Ltd. | 01-10-2010 |
| Sesa Goa Ltd. | Unitech Ltd. | 01-10-2010 |
The portfolio rebalancing event happened smoothly. The rebalanced portfolio is attached for your reference. We are also attaching the fact sheet as on 30th September, 2010 for your reference please.
Highlights of the fund
1. The portfolio delivered 11.65% since inception.
2. The trading volumes have been encouraging and investors have managed to trade significant quantities without any liquidity hassles.
3. The first portfolio rebalancing happened on 1st October with the change in NIFTY.
4. The AUM has increased from Rs. 235 crores as on date of allotment i.e. July 28, 2010to Rs.311.02 crores as on 30th September, 2010.
4. The AUM has increased from Rs. 235 crores as on date of allotment i.e. July 28, 2010
Please feel free to call us for any further information that will help you in taking an informed decision.
You may also visit www.mostshares.com for the latest Portfolio, NAV, Fact Sheet etc.
Note: *The inception date is the allotment date i.e. July 28, 2010. Returns shown above are absolute returns. Past performance may or may not be sustained in future. *S&P CNX Nifty Index ^MOSt Shares M50All returns shown above are absolute returns. Past performance may or may not be sustained in future
With Regards,
--
G. Narayanababu,
+91 98940 33334
+ 91 4546 260460
Motilal Oswal Securities Ltd.,
Solid Research Solid Advice.
45 & 47, Subban Street,
1st Floor Nandagopal Engg. works,
Theni 625 531.
http://narayanababu.blogspot.com
http://groups.google.co.in/group/narayanababu
Groupmail id : narayanababu@googlegroups.com
