MOSt Shares M50

ProductsMOSt Shares M50
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Investment Objective
The Scheme seeks investment return that corresponds (before fees and expenses) generally to the performance of the Nifty 50 Index (Underlying Index), subject to tracking error. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Performance and NAV (Net Asset Value)
Motilal Oswal MOSt Shares M50 ETF

Period Scheme Benchmark Current Value of Standard Investment of Rs 10000
MOSt Shares M50 Returns (%) Nifty 50 Returns (%) MOSt Shares M50 Returns (INR) Nifty 50 Returns (INR)
Since Inception till 31-Dec-2016 5.87% 6.69% 14432 15166
31-Dec-2015 to 31-Dec-2016 3.33% 3.01% N.A.
31-Dec-2014 to 31-Dec-2015 -3.85% -4.06%
31-Dec-2013 to 31-Dec-2014 28.29% 31.39%

NAV per unit : Rs 78.8280 (31-Dec-2016); Rs 76.2877 (31-Dec-2015); Rs 79.3411 (31-Dec-2014); Rs 61.8440 (31-Dec-2013); Rs 54.6210 (28-Jul-2010)

*Inception Date: 28-Jul-2010

Fund Manager : Mr. Ashish Agarwal

Returns for one year are absolute. Returns for more than one year are compounded annualized; Incase, the start/end date of the concerned period is non-business date (NBD), the NAV of the previous date is considered for computation of returns. Date of inception is deemed to be date of allotment. Past performance may or may not be sustained in the future. To know the performance of the Schemes managed by same Fund Managers click here.


Scheme Details

Type of Scheme : An Open Ended Exchange Traded Fund

Benchmark : Nifty 50 Index

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

Instruments Indicative allocations ( % of total assets) Risk Profile
Minimum Maximum High/Medium/Low
Securities constituting Nifty 50 Index

95

100

Medium to High

Debt and Money market instruments and cash at call

0

5

Medium to High

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.

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 12 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 MOSt Shares Midcap 100.

Date of Allotment: 28th July 2010

Entry Load: Nil

Exit Load: Nil

Tracking Error*: 0.48% (Annualised) 

Total Expense Ratio^ :  1.50% p.a

Standard Deviation: 16.72 (Annualised)

Sharpe Ratio#: 0.45 (Annualised)

Portfolio Turnover Ratio: 0.03

Beta: 1.09

Monthly AAUM : 20.76

Latest AUM (28th February 2017) : 20.90


*Against the benchmark Nifty 50 Index.

^Total Expense ratio excluding ST, SBC and KKC and are as on 28-February-2017

#Risk free returns based on last overnight MIBOR cut-off of 6.05% 

(Data as on 28th February 2017)

Continuous Offer

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. 50,000 units and in multiples thereof.

Portfolio

(Data as on 28-Feb-2017)

Industry Classification as recommended by AMFI

Top 10 holdings % to Net Assets
HDFC Bank Limited 8.51
ITC Limited 6.79
Housing Development Finance Corporation Limited 6.63
Reliance Industries Limited 6.27
Infosys Limited 6.20
ICICI Bank Limited 4.92
Tata Consultancy Services Limited 4.02
Larsen & Toubro Limited 3.69
Tata Motors Limited 2.71
Kotak Mahindra Bank Limited 2.61

(Data as on 28-Feb-2017)

Rajiv Gandhi Equity Savings Scheme (RGESS)

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 
RGESS : Potential Tax Saving of Rs 7,725/-

Tax Benefits* : Illustration for FY 2014-15

Current Slabs for Taxable Income Current Tax Rate Net Tax Saved
0 to Rs. 2,50,000 No Tax -
Rs. 2,50,001 to Rs. 5,00,000 10 % Rs. 2,575
Rs. 5,00,001 to Rs. 10,00,000 20 % Rs. 5,150
Above Rs. 10,00,000 30 % Rs. 7,725

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.

Product Labeling

This product is suitable for investors who are seeking*

  • return that corresponds generally to the performance of the Nifty 50 Index (Underlying Index), subject to tracking error
  • investment in equity securities of Nifty 50 Index                                                                                                                                                                *Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary