1-10 MF FACT SHEET March 2014 - Motilal Oswal - India · 2015-05-14 · 2 Currently, the Price to...

F A C T S H E E T

March 2014

1

CEO speak

Dear Investors and my dear Advisor friends;

At the outset, let me express a heartfelt thank to all our investors and partners for providing the feedback about our new factsheet which we have changed since the past few months. This change had helped us in communicating with you in a better fashion, leaving scope for two way interactions unlike the traditional way of writing monthly commentary.

In the last couple of months we have hosted our flagship events – the 18th edition of our annual Wealth Creation Study by Raamdeo Agrawal and then we hosted the 3rd edition of one of our flagship events, the Motilal Oswal AMC Value Investing Forum on the theme of “Stocks Forever”.

This year's Wealth Creation Study was dedicated to studying how some companies create uncommon wealth by generating uncommon profits. We discovered some parameters which would help us identify emerging wealth creators. Although successful emergence of new companies into becoming creators of wealth is rare, we found that a strong company in a non-cyclical business, i.e. one that experiences stable demand for its goods and services at the industry level, helps new businesses. On the other hand instead of focusing only on new or emerging or mid caps, we found that identifying and investing in “enduring” wealth creators is relatively less risky and has potential to create similar wealth. In the “emerging” space one may identify future winners but the probability of success is lower; however hand sticking to identified winners is a safer strategy as chances of them “enduring” their winning characteristics is higher. If you wish to read the study or see the video of Mr. Agrawal's presentation and the panel discussion please click on the link below:

Videos: http://www.motilaloswal.com/Financial-Services/Knowledge-Centre/Videos/17

http://www.motilaloswal.com/Financial-Services/Knowledge-Centre/Videos/18

Download Report: http://www.motilaloswal.com/Financial-Services/Research/Detailed-Report/Wealth-Creation-Study/7971

In the second event i.e. the Value Investing Forum, we presented on the theme of “Stocks Forever”. Key findings that we presented were to highlight how our philosophy of Buy Right : Sit Tight results in wealth creation over the long term. It is our belief that maximum wealth is created by identifying good quality companies and then riding their entire growth cycle. Investing can be a game of probability and the best of investors even if they get a majority of their decisions right; they will get some decisions wrong. The problem arises because investors whether professional or amateur, don't like to sell at a loss and hence they nurse the losing investments but they like to see profits and hence they quickly sell the investments where they are making a gain. On the other hand, long term multiplication of wealth is obtained only by holding on to the winners and deserting the losers. The problem is not with booking profits. When you book profits on winning ideas, you are forced to take a new set of decisions on reinvesting the proceeds. Again you are likely to get some right and some wrong. This results in a downward spiral. On the other hand if you book losses on the losing ideas the moment you realize you made a mistake, then you are allowing the right decisions to continue and only acting on the ones that did not go in favour. This improves the outcomes of investing and possibilities of wealth creation. See how this works: BUY RIGHT . SIT TIGHT.

Video: http://www.motilaloswal.com/Financial-Services/Knowledge-Centre/Videos/AM

Our Investment philosophy - BUY RIGHT. SIT TIGHT

Quality : Quality of business and management

Growth : Growth in earnings and sustained RoE

Longevity : Longevity of the competitive advantage /economic moat of the business

Price : Buying a good business for a fair price rather than buying a fair business for a good price.

Buy and Hold: We are strictly buy and hold investors and believe that picking the right business needs skill and holding onto these business to enable our investors to benefit from the entire growth cycle, needs even more skill.

Focus: Our portfolios are high conviction portfolios with 20 to 25 stocks being our ideal number. We believe in adequate diversification but over-diversification results in diluting returns for our investors and adding market risk.

Buy Right Sit Tight

(Continued overleaf)

2

Currently, the Price to Earnings (PE) of CNX MidCap is 14X as compared to CNX Nifty which is at 16X*. This makes the CNX MidCap a more interesting and attractive investment option. As a fund house, we believe that there may be a plenty of midcap companies available in the markets which are under-researched but have high growth potentials*. The endeavor would be to identify and invest into companies which are in the transition stage from emergence to endurance phase of their business life. These kind of companies may attain or even exceed the desired growth albeit their management capabilities and multiple other factors. Longer term investments in such companies may lead to wealth creation in ones portfolio.

As always, I would be happy to take your feedback. So, incase you wish to share your views, please feel free to write to me at [email protected]

Aashish P SomaiyaaManaging Director and CEOMotilal Oswal Asset Management Company Ltd.

*Data Source: Bloomberg and Internal Research, Data as on 31st Dec 2013.

Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50)

Name of theScheme

This product is suitable for investorswho are seeking*

• Return that corresponds generally to the performance of the MOSt 50 Basket (Underlying Basket), subject to tracking error

• Investment in equity securities of CNX Nifty Index

• High risk (BROWN)

Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares Midcap 100)

• Return that corresponds generally to the performance of the CNX Midcap 100 Index, subject to tracking error

• Investment in equity securities of CNX Midcap Index


Motilal Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ 100)

• Return that corresponds generally to the performance of the NASDAQ 100 Index, subject to tracking error

• Investment in equity securities of NASDAQ 100 Index


Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund)

Name of theScheme

This product is suitable for investorswho are seeking*

• Long term capital appreciation• Investment in securities issued by the

Cent ra l Government and S ta te Government.

• Low risk (BLUE)

Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares)

• Return by investing in Gold Bullion, subject to tracking error over long term

• Investment in Gold Bullion• High risk (BROWN)

Motilal Oswal MOSt Focused 25 Fund (MOSt Focused 25 Fund)

• Return by investing in upto 25 companies with long term sustainable competitive advantage and growth potential

• Investment in Equity and equity related instruments subject to overall limit of 25 companies


Product Suitability

RR

00

00

4_4

01

12

_01

0

Note: Risk is represented as

(BLUE) investors understand that their principal will be at low risk

(YELLOW) investors understand that their principal will be at medium risk

(BROWN) investors understand that their principal will be at high risk

*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

3

Motilal Oswal

MOSt Ultra Short

Term Bond Fund

•moderate levels of risk

• Investment in debt securities and money market securities with average maturity less than equal to 12 months

• Medium risk (YELLOW)

Optimal returns consistent with

Risk Disclosure and Disclaimer

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 Midcap 100: MOSt Shares Midcap 100 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 Midcap 100 or any member of the public regarding the advisability of investing in securities generally or in the MOSt Shares Midcap 100 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.

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 Ltd. Investment Manager: Motilal Oswal Asset

Management Company Ltd. Sponsor: Motilal Oswal Securities Ltd. Risk Factors: (1) All Mutual Funds and securities investments are subject to market risks and there can be no assurance that the Scheme's

objectives will be achieved (2) As the price / value / interest rates of the securities in which the Scheme invests fluctuates, the Net Asset Value (NAV) of units issued under the Scheme 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 Scheme and

may not provide a basis of comparison with other investments (4) The name of the Schemes does not in any manner indicate the quality of the Schemes, its future prospects and returns. Investors are

therefore urged to study the terms of offer carefully and consult their Investment Advisor before they invest in the Scheme (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 guaranteed or assured return

Schemes. Mutual Fund investments are subject to market risks, read all scheme related documents carefully

4

Motilal Oswal Mutual Fund

MOSl Focused Fund25

Tata Consultancy Services Limited

HDFC Bank Limited

Tech Mahindra Limited

ITC Limited

Divi's Laboratories Limited

Container Corporation of India Limited

Tata Motors Limited

Colgate Palmolive (India) Limited

Pidilite Industries Limited

Infosys Limited

Housing Development Finance Corporation Limited

Idea Cellular Limited

Cairn India Limited

Larsen & Toubro Limited

Maruti Suzuki India Limited

Kotak Mahindra Bank Limited

Cummins India Limited

Hero MotoCorp Limited

Oil & Natural Gas Corporation Limited

8.44%

7.17%

7.10%

5.97%

5.49%

5.47%

5.39%

4.97%

4.83%

4.57%

4.36%

4.28%

3.88%

3.77%

3.45%

3.42%

2.47%

2.43%

2.29%

(Data as on 28th February 2014)

Scrip

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

Sr. No. Weightage in F25

Holdings

Fund Manager Mr. Taher Badshah

Fund Manager

ExperienceHe has 18 years of experience in fund management and investment research. He has been managing this fund since inception.

13 May 2013Date of Allotment

Scheme Details

Quarterly AAUM (Dec. 31st, 2013)

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

Continuous Offer

Motilal Oswal MOSt Focused 25 Fund

An Open Ended Equity Scheme

The investment objective of the Scheme is to achieve long term capital appreciation by investing in upto 25 companies with long term sustainable competitive advantage and growth potential. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

CNX Nifty Index

Minimum Application Amount : `5,000/- and in multiples of ̀ 1 /- thereafter.

Additional Application Amount : `1,000/- and in multiples of ̀ 1/- thereafter.

Nil

About the Scheme

Entry / Exit Load

`10.4577Growth Plan

Direct Dividend Plan

`10.4577Dividend Plan

`10.5900

NAVDirect Growth Plan `10.5900

`96.50 (` crores)

Standard Deviation# 3.97 (per month)

-0.07 (per month)

0.41

0.81

0.82

Sharpe Ratio

Portfolio Turnover Ratio

Beta*

R-Squared*

Total Expense Ratio^

Regular Plan 2.50% p.a.

1.00% p.a.Direct Plan

^Since inception till date, excluding applicable taxes. (Data as on 28th February 2014)

Returns for MOSt Focused 25 Fund are not provided because the scheme has not completed 1 year.

(Data as on 28th February 2014) Industry classification as recommended by AMFI

Industry Allocation

(An open ended Equity Scheme)

*Against the benchmark CNX Nifty . # Risk free returns based on 365-days T-bill cut-off of 9.00% as on the last

auction.

Index


10.25%

2.47%

3.77%

4.28%

4.36%

4.83%

5.47%

5.49%

6.17%

10.59%

10.94%

11.27%

20.11%

Cash & Equivalent

Industrial Products

Construction Project

Telecom - Services

Finance

Chemicals

Transportation

Pharmaceuticals

Oil

Banks

Consumer Non Durables

Auto

Software

5


Mosl ULTRA SHORT TERM BOND FUND

Security Issuer % of holding(as on 31.12.13)

Indusind Bank CD

BANK OF Maharashtra CD

CANARA BANK CD

INDIAN BANK CD

STATE BANK OF HYDERABAD CD

Reverse REPO/Cash/Others

Indusind Bank

Punjab National Bank

Canara Bank

Indian Bank

State Bank of Hyderabad

-

18.88

9.34

18.89

18.08

27.78

7.02


Portfolio

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt Ultra Short Term Bond Fund

An Open Ended Debt Scheme

The investment objective of the Scheme is to generate optimal returns consistent with moderate levels of risk and liquidity by investing in debt securities and money market securities.

However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

CRISIL Short Term Bond Fund Index

Minimum Application Amount : `5,000/- and in multiples of `1/- thereafter.

Additional Application Amount : `1000/- and in multiples of `1/- thereafter.

About the SchemeDate of Allotment

Scheme Details

NAV Direct Plan- Growth

Direct Plan-Daily Dividend Option

Direct Plan-Fortnightly Dividend Option

Regular Plan- Growth

Regular Plan-Daily Dividend Option

Regular Plan-Fortnightly Dividend Option

Regular Plan-Monthly Dividend Plan

Regular Plan-Weekly Dividend Option

Regular Plan - Quarterly Dividend

`10.4217

`10.0000

`10.0223

`10.3839

`10.0004

`10.0200

`10.0491

`10.0079

`10.0079

6 September 2013

Entry / Exit Load Nil

Fund Manager

Experience He has over 6 years of experience in the Financial Services Industry.He has been managing this fund since inception.

Mr. Abhiroop Mukherjee

Fund Manager

Quantitative Indicators Average Maturity *

YTM

(Data as on 28th February 2014) *For USTBF Modified Duration is equal to its Average maturity.

0.21 Years / 76.65 days

9.05%

(An open ended Debt Scheme)

Returns for MOSt Ultra Short Term Bond Fund are not provided because the scheme has not completed 1 year.

NOTE : Mr. Abhiroop Mukherjee is also fund manager for MOSt 10 Year Gilt Fund. The returns for which are on page no. 9.

`53.89 (` crores)Quarterly AAUM (Dec. 31st, 2013)

Total Expense Ratio^Regular Plan

Direct Plan

1.00% p.a.

0.25% p.a.

(Data as on 28th February 2014)^Year-to-date, excluding applicable taxes.


Larsen & Toubro Limited

Jaiprakash Associates Limited

Hindalco Industries Limited

Mahindra & Mahindra Limited

Housing Development Finance Corporation Limited

DLF Limited

Infosys Limited

Tata Power Company Limited

Axis Bank Limited

Bharat Petroleum Corporation Limited

8.83%

7.17%

5.82%

5.31%

4.69%

4.62%

4.35%

4.33%

4.19%

4.06%


Scrip

1

2

3

4

5

6

7

8

9

10

Sr. No. Weightagein M50^

Top 10 Holdings

^MOSt Shares M50

Industry Allocation

NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares Midcap 100, MOSt Shares NASDAQ 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 7, 8 and 10 respectively.

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50)

An open ended Exchange Traded Fund

The Scheme seeks investment return that corresponds

(before fees and expenses) generally to the Performance

of the MOSt 50 Basket (Underlying Basket), subject to

tracking error. However, there can be no assurance or

guarantee that the investment objective of the Scheme

would be achieved.

MOSt 50 Basket and CNX Nifty Index

On NSE: Investors can buy/sell units of the 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.

About the Scheme

M50

MOSTM50

M50.NS

ISIN Code

Entry Load

Exit Load

INF247L01015

NIL

NIL

NSE & BSE Symbol

Bloomberg Code

Reuters Code

*Against the benchmark MOSt 50 Basket ^Year-to-date, excluding applicable taxes. #Risk free returns based on 365-

days T-bill cut-off of 9.00% as on the last auction. (Data as on 28th February 2014)

28 July 2010

`83.1066

`43.19 (` crores)

0.30% (Annualised)

1.25% p.a.

20.92 (Annualised)

-0.35 (Annualised)

0.76

Date of Allotment

Scheme Details

NAV - Growth Plan

Tracking Error*


Standard Deviation

Sharpe Ratio#


MOSt 50

1.00

1.00

CNX Nifty

1.10

0.94

Beta

R-Squared


Fund Manager He has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.

Mr. Anubhav Srivastava

Fund Manager

Experience

6


(An open ended Exchange Traded Fund)

Date

Scheme

MOSt Shares M50 PerformanceBenchmark Current Value of Standard Investment of Rs. 10,000/-

CNX NiftyReturns

MOSt 50 BasketReturns

MOSt Shares M50Returns (INR) ^

CNX NiftyReturns (INR)

MOSt 50 BasketReturns (INR)

3.69%

7.06%

34.09%

-29.36%

Since Inception till Dec. 31, 2013

Dec. 31, 2012 to Dec. 31, 2013

Dec. 31, 2011 to Dec. 31, 2012

Dec. 31, 2010 to Dec. 31, 2011

4.92%

8.51%

35.22%

-28.86%

4.63%

6.76%

27.70%

-24.62%

11,322 11,790

N. A.

11,679

NAV per unit : Rs 88.3485 (Dec 31, 2013); Rs 82.5254 (Dec 31, 2012); Rs 61.5442 (Dec 31, 2011); Rs 87.1199 (Dec 31, 2010); Rs 78.0343 (July 28, 2010)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.Additional benchmark for the scheme is CNX Nifty Index.

MOSt Shares M50Returns^

^Past performance may or may not be sustained in the future.

0.42%

0.50%

0.64%

0.66%

1.19%

1.23%

1.62%

3.11%

4.32%

4.60%

4.79%

5.82%

6.62%

8.12%

8.20%

8.83%

11.79%

13.36%

14.18%

Cash & Equivalent

Telecom - Services

Industrial Capital Goods

Gas

Oil

Ferrous Metals


Pharmaceuticals

Minerals/Mining

Petroleum Products

Cement

Non - Ferrous Metals

Software

Power

Finance


Construction

Auto

Banks

7

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt Shares Midcap 100 ETF

An open ended Index Exchange Traded Fund


(before fees and expenses) to the performance of CNX

Midcap 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.

CNX Midcap Index

On NSE/BSE: Investors can buy/sell units of the Scheme in

round lot of 1 unit and in multiples thereof.


of the Scheme only in creation unit size i.e. 2,50,000 units

and in multiples thereafter.

(MOSt Shares Midcap100)

About the Scheme31 January 2011

`8.1034

`34.90(` crores)

0.42% (Annualised)

1.00% p.a.

21.23 (Annualised)

-0.39 (Annualised)

0.96

Date of Allotment

Scheme Details

M100

MOST100

M100.NS

ISIN Code

Entry Load

Exit Load

INF247L01023

NIL

NIL

NSE / BSE Symbol

Bloomberg Code

Reuters Code

NAV - Growth Plan


Industry Allocation

Divi's Laboratories Limited

Adani Ports and Special Economic Zone Limited

Glenmark Pharmaceuticals Limited

Reliance Communications Limited

Motherson Sumi Systems Limited

Apollo Hospitals Enterprise Limited

Adani Enterprises Limited

Aurobindo Pharma Limited

Mahindra & Mahindra Financial Services Limited

Oracle Financial Services Software Limited

2.48%

2.37%

2.19%

2.04%

1.93%

1.92%

1.91%

1.89%

1.85%

1.80%


Scrip

1

2

3

4

5

6

7

8

9

10

Sr. No. Weightage inMidcap 100^

Top 10 Holdings

^MOSt Shares Midcap 100

Tracking Error*


Standard Deviation

Sharpe Ratio#


*Against the benchmark CNX Midcap ^Year-to-date. # Risk free returns based on 365-days T-bill

cut-off of 9.00% as on the last auction.

Total Return Index



Fund ManagerHe has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.


Fund Manager

Experience

NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares M50, MOSt Shares NASDAQ 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 6, 8 and 10 respectively.

Beta*

R-Squared*

1.00

1.00


IMidcap 100(An open ended Index Exchange Traded Fund)

Date

Scheme

MOSt Shares Midcap 100 Performance

Benchmark Additional Benchmark

MOSt Shares Midcap100 Returns^ CNX Midcap Returns CNX Nifty Returns

-4.00%

40.32%

-5.10%

39.16%

6.76%

27.70%

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.

Additonal Benchmark for equity scheme is CNX Nifty Index.

December 31, 2012 to December 31, 2013



0.31%

0.42%

0.75%

0.96%

1.20%

1.29%

1.45%

1.47%

1.58%

1.61%

1.69%

1.70%

1.81%

1.92%

1.92%

1.93%

1.98%

2.04%

2.04%

2.07%

2.57%

3.90%

4.78%

5.12%

5.63%

6.58%

8.50%

9.63%

9.91%

13.24%

Cash & Equivalent

Construction

Non - Ferrous Metals

Hotels

Petroleum Products

Chemicals

Media & Entertainment


Pesticides

Services

Telecom - Equipment & Accessories

Oil

Industrial Products

Healthcare Services

Auto

Gas

Consumer Durables

Telecom - Services

Trading

Ferrous Metals

Cement

Software

Transportation

Power

Industrial Capital Goods

Auto Ancillaries

Finance

Banks


Pharmaceuticals

8

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt Shares NASDAQ-100 ETF(MOSt Shares NASDAQ 100)

An open ended Index Exchange Traded Fund


(before fees and expenses) generally to the performance

of the NASDAQ-100 Index, subject to tracking error.

However, there can be no assurance or guarantee that the

investment objective of the Scheme would be achieved.

NASDAQ-100 Index

On NSE & BSE: Investors can buy/sell units of the Scheme

in round lot of 1 unit and in multiples thereof.


of the Scheme only in creation unit size i.e. 100,000 units

and in multiples thereafter.

About the Scheme29 March 2011

`229.0071

`83.59 (` crores)

0.41% (Annualised)

1.00% p.a.

12.84 (Annualised)

1.74 (Annualised)

0.25

Date of Allotment

Scheme Details

N100

MOSTNDX

N100.NS or N100.BO

ISIN Code

Entry Load

Exit Load

INF247L01031

NIL

NIL

NSE & BSE Symbol

Bloomberg Code

Reuters Code

NAV - Growth Plan

Tracking Error*


Standard Deviation

Sharpe Ratio#


*Against the benchmark with NASDAQ 100 ^Year-to-date. # Risk free returns based on 365-days T-

bill cut-off of 9.00% as on the last auction.

Total Return Index



Fund Manager He has 18 years of experience in the Financial Services Industry. He has been managing this fund sinceJan 20, 2014.


Fund Manager

Experience

NOTE : Mr. Anubhav Srivastava has been appointed as the fund manager for this scheme w.e.f. January 20, 2014 vide addendum dated January 17, 2014. He is also the fund manager for MOSt Shares M50, MOSt Shares Midcap 100 and MOSt Gold Shares, the performance of which is mentioned on page no. 6, 7 and 10 respectively.

Beta*

R-Squared*

1.00

1.00

(Data as on 28th February 2014) Industry Classification is as per Global Industry Classification Standard (GICS).

Apple

Google

Microsoft Corporation

Amazon.com

Facebook

Gilead Sciences

QUALCOMM

Intel Corporation

Cisco Systems

Comcast Corporation

11.39%

8.10%

7.58%

3.96%

3.10%

3.08%

3.05%

2.95%

2.81%

2.62%


Scrip

1

2

3

4

5

6

7

8

9

10

Sr. No. Weightage inN100^

Top 10 Holdings

^MOSt Shares NASDAQ 100

Industry Allocation

II


nasdaq 100 (An open ended Index Exchange Traded Fund)

Date

Scheme

MOSt Shares NASDAQ 100 Performance

Benchmark Additional Benchmark

MOSt Shares Returns^NASDAQ-100 NASDAQ-100 Index (In INR) CNX Nifty Returns

54.86%

17.44%

54.77%

17.51%

6.76%

27.70%

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.

Additonal Benchmark for equity scheme is CNX Nifty Index.




0.32%

0.23%

0.23%

0.24%0.26%

0.27%

0.29%

0.31%

0.33%

0.38%

0.39%

0.40%

0.50%

0.54%

0.55%

0.69%0.74%

0.83%

0.89%

1.18%

1.65%

1.70%

1.89%

2.21%

2.59%

3.33%

6.82%

7.80%8.43%

9.85%

18.61%

25.55%

Cash & Equivalent

Commercial & Professional Services

Health Care Providers & Servic

Specialty Retail

Professional Services

Materials

Beverages

Internet & Catalog Retail

Semiconductors & Semiconductor …

Transportation

Hotels Restaurants & Leisure

Food Beverages & Tobacco

Computers & PeripheralsLife Sciences Tools & Services

Consumer Durables & Apparel

Wireless Telecommunication Services

AutoMobile

Telecommunication Services

Capital Goods

Semiconductors

Biotechnology

Food & Staples Retailing

Consumer Services

Food Products

Health Care Equipment & ServicesInternet Software & Services

Semiconductors & Semiconductor

Media

Retailing

Pharmaceuticals, Biotechnology

Technology Hardware & Equipment

Software & Services

9

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund)

CRISIL 10 Year Gilt Index

An Open Ended Gilt Scheme

The primary investment objective of the scheme is to generate credit risk - free return by investing in a portfolio of securities issued by the Central Government & State Government. However there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.

Minimum Application Amount : ̀ 10,000 /- and in multiples of 1 /- thereafter.

Additional Application Amount : 1000 /- and in multiples of 1/- thereafter.

`

``

About the Scheme

Load Entry - Nil; Exit - 0.25% if redeemed within 30 days.*

^Year-to-date.(Data as on 28th February 2014)

Past performance may or may not be sustained in the future; Dividend distribution is subject to availability & adequacy of distributable surplus. After the payment of dividend, the per unit NAV falls to the extent of the dividend payout and distribution taxes, if any. Performance of dividend plan/option would be net of applicable statutory levy, if any. * NAV on the 1st transaction day after Record Date, which includes the mark to market impact also.

Dividend HistoryRecord DateDividend Option

Dividend perUnit (Rs.)

Cum DividendNAV

Ex DividendNAV*

10.2397 10.0873May 17, 2012 0.1930

January 8, 2013 0.5850 10.8017 10.2259

Security Issuer % of holding

97.06

2.94

8.83% GOI 2023

Reverse REPO/Cash/Others

Government of India


Portfolio

Quantitative Indicators Average Maturity

Modified Duration

YTM


9.46 Years

6.12 Years

8.83%

12 December 2011Date of Allotment

Scheme Details

`10.7573Growth Plan

Direct Dividend Plan

`9.9842

Quarterly AAUM (Dec. 31st, 2013) `66.51 (` crores)

Dividend Plan

`10.0606

NAV Direct Growth Plan `10.7683

Total Expense Ratio^Regular Plan 0.99% p.a.

0.91% p.a.Direct Plan

gilt fundMotilal Oswal Mutual Fund

Mosl10 Year(An open ended Gilt Scheme)

Fund Manager

Experience He has over 6 year experience in the Financial Services Industry.He has been managing this fund since inception.

Mr. Abhiroop Mukherjee

Fund ManagerReturns for one year are absolute, ^ Past performance may or may not be sustained in the future

*The exit load structure has been changed from 0.50% to 0.25% w.e.f. March 14, 2013 vide addendum dated March 13, 2013.

Period Scheme

Performance

Benchmark

-2.24%December 31 2012 toDecember 31 2013

-2.05%

MOSt 10 Year Gilt FundReturns^

CRISIL 10 Year GiltIndex

NOTE : Mr. is also fund manager for Motilal Oswal MOSt Ultra Short TermBond Fund. Past Performance of the said scheme has not been provided as the scheme has notcompleted 1 year.

Abhiroop Mukherjee

10


Mosl GOLD SHAREs(An open ended Exchange Traded Fund)

Fund Manager

Experience He has 18 years of experience in the Financial Services Industry. He has been managing this fund since June 26, 2013.

Scheme Name

Type of Scheme

InvestmentObjective

Benchmark

ContinuousOffer

Motilal Oswal MOSt Shares Gold ETF

An Open Ended Exchange Traded Fund

The Investment objective of the scheme is to provide return by investing in Gold Bullion. The performance of the fund will be benchmarked to the Spot Gold Price. However, the performance of the schame may differ from that of the index due to tracking error. There can be no assurance or gurantee of the investment objective of the scheme would be achived.

Spot Domestic Gold Price

On NSE & BSE: Investor can buy/sell units in round lot of 1 unit and in multiples thereof. Directly with the Mutual Fund : Investor can buy / sell units of the scheme in creation of Unit Size.

About the Scheme22 March 2012

`2869.7772

`55.71 (` crores)

1.50% p.a.

0.29% (Annualised)

Date of Allotment

NAV - Growth Plan



Tracking Error

Scheme Details


MGOLD

MOSTGLD

INF247L01072

Entry Load

Exit Load

NIL

NIL

NSE & BSE Symbol

Bloomberg Code

ISIN Code

^Year-to-date.


Fund Manager(Data as on 28th February 2014)

98.98%

1.02%

100.00%

Gold

Cash & Other Receivables

Net Assets

Security Type % of holding

Portfolio

Returns for one year are absolute. Returns for more than one year are compounded annualized; incase, the start/end dateof the concerned period is non business date (NBD), the NAV of the previous date is considered for computation of returns.


Period Scheme

PerformanceBenchmark

-14.44%December 31, 2012 toDecember 31, 2013

-13.26%

MOSt Gold Shares ETFReturns (%) ^

Spot Domestic GoldPrice Returns (%) ^

NOTE : Mr. Anubhav Srivastava is also the fund manager for MOSt Shares M50,MOSt Shares Midcap 100 and MOSt Shares NASDAQ 100, the performance ofwhich is mentioned on page no. 6, 7 and 8 respectively.


• India's 1st Fundamentally weighted ETF based on CNX Nifty Index (Nifty50) which consists of a diversified portfolio of top 50 Indian companies which are part of Nifty50. M50 Basket (also referred as Nifty50 Re-mixed), consists of all stocks of Nifty50 with Capital allocation determined by Motilal Oswal AMC's proprietary “4 factor” methodology based on:

i) Shareholders funds / Networth / Shareholders Equity ii) Return on Equity

iii) Plowback Ratio iv) Price

• This eliminates the bias of size and expensiveness in an investment portfolio through higher allocation to constituents with good financial performance & reasonable valuation and lower allocation to constituents with poor financial performance & high valuation. Capital allocation rebalanced whenever there is change in Nifty 50 constituents or 12 months from last rebalance, whichever is earlier. M50 basket is calculated and maintained by India Index Service Limited.

The active mutual funds in the industry has expense ratios ranging between 2 to 3 percent (Source: MFI Explorer) where as ETFs like M50 levy 1.25 percent.

•

11

While the index corrected sharply and then rebound, the valuations remain below 2012 levels. Price/EPS for CY 2013 was 14.36 whereas currently it is around 13.61. However, Price/Sales for the Index is close to where it was last year (0.96 v/s 0.97) and EV/EBITDA is similarly at 10.25 v/s 10.19 showing a possible revival in fortunes of underlying companies and making the CNX Midcap Index attractive.

This is an ideal product to if you expect that the markets will get into bullish mode for next 5 years.

Source: Bloomberg Data as on February 28, 2014.


IMidcap 100

The NASDAQ-100 Index includes 100 of the largest domestic and international non-financial securities listed on The NASDAQ Stock Market based on market capitalization. The Index reflects companies across major industry groups including computer hardware and software, telecommunications, retail/wholesale trade and biotechnology. It does not contain securities of financial companies including investment companies. A recent example (of companies in NASDAQ 100 Index) has been of Tesla Motors which returned a handsome 67.96% CYTD. The other companies like Illumina Inc., facebook Inc., Alexion Pharmaceuticals have returned 61.14%, 30.96% and 28.68% respectively.

Source: Bloomberg Data as on February 28, 2014.

II


nasdaq 100

The fund is a play on the interest rate cycle where illiquidity premiums are the low (10 year benchmark G-Sec is the most liquid segment of the market) and provides Credit risk free returns (the exposure to sovereign risk). Interest rates have been hovering near 9 percent for some time, making it a good time to invest should an investor have possible capital appreciation as an investment objective. As there are no active duration calls or duration management, advisors and investors alike can look at this fund to either benefit from the interest rate cycle or to manage duration of their portfolios.

Since there is no index exposure available in the debt market, MOSt 10 Year Gilt Fund may be used for exposure to one of the most liquid debt securities.

gilt fundMotilal Oswal Mutual Fund

Mosl10 Year

To know more about ETFs, please visit: www.mostshares.com/ETF-Basics.aspx

1-10 MF FACT SHEET March 2014 - Motilal Oswal - India · 2015-05-14 · 2 Currently, the Price to...

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