Motilal Oswal Mutual Fund files for India's 1st Midcap ETF based on the 'CNX Midcap index'
Mumbai, 2 December, 2010: Motilal Oswal Asset Management Company Ltd has announced the filing of the draft Scheme Information Document (SID) with SEBI for the Motilal Oswal MOSt Shares Midcap ETF (MOSt Shares Midcap), an open ended index ETF, which seeks to track the CNX Midcap Index.
- (1888PressRelease) December 03, 2010 - This ETF will be India's first exchange traded fund (ETF) which tracks the performance of the Midcap segment of the broader stock market, once it is approved by the Indian regulators.
"MOSt Shares Midcap ETF provides investors with a risk-diversified access to India's most promising medium capitalization companies - today's high growth and tomorrow's opportunity" said Mr. Nitin Rakesh, CEO and MD, Motilal Oswal AMC.
With the filing of MOSt Shares Midcap ETF, once approved, Motilal Oswal AMC will be well on its way to providing investors with more risk mitigation options via diversification.
For more information please contact:
Alpesh Nakrani / Anirudh Rajan
Paradigm Shift Public Relations
Mob: +91 9869121167 / +91 9892343828
Tel: +91 22 22813797 / 98
Mr. Hari Krishnan
Motilal Oswal Asset Management Company Ltd
Mob: +91 9820520392
Ph: +91 22 39825500
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