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Change in fundamental attributes of Motilal Oswal MOSt Shares M50 ETF


Motilal Oswal Mutual Fund has changed the fundamental attributes of Motilal Oswal MOSt Shares M50 ETF, with effect from October 21, 2014.

The proposed change in investment objective is the scheme will seek investment return that will corresponds to the performance of the CNX Nifty Index.

The asset allocation pattern has been changed to minimum of 95 per cent in securities constituting CNX Nifty Index and maximum of 5 per cent in debt and money market instruments and cash at call. Presently it is, manimum of 95 per cent in securities constituting MOSt 50 Basket.

The revised Benchmark of the scheme will be CNX Nifty Index, against the previous MOSt 50 Basket and CNX Nifty Index.