mutual fund f a c t s h e e t - motilal oswal amc · mutual fund f a c t s h e e t january 2014 1...

Mutual Fund

F A C T S H E E TJanuary 2014

1

CEO speak

Dear Investors and my dear Advisor friends;

I hope you may like the changes we are bringing in the way we present our factsheet to you. Over the

years I have realized that all of us fund managers with whom you invest, instead of communicating to

you what we are doing, we write on what is happening in the market, in the economy and what are our

expectations on the same. Ultimately what happens there is not in our control. We should write to you

about how we are managing your money and hence the new Investment Insights section.

Without getting into economics or market dynamics; I am tempted to highlight an important development

as I write to you. Never ignore the power of sentiment, when it comes to moves in equity markets. In the last 2-3 months and more so in

the first 7 days of December 2013 the possibility of new political formations has resulted in a palpable change in sentiment in the

markets. If you are in the camp that is disillusioned with equity investing “because equity has done nothing in the last 5 years” you

might want to re-check your position because the possibilities of the next 5 years may not have anything to do with disappointments of

the last 5 years.

As regards as future possibilities and the next bull market, let us remember that in the year 2000, there was a rally in Technology-Media-

Telecom, in 2007 there was a rally in Infrastructure-Retailing-Real Estate. Currently, there is huge disenchantment with equity, instead

of being despondent about equities, let us spend our time in figuring out where the next rally may be. Few pointers:

1. Rally doesn't come in a segment of the market that is completely unknown. Technology rally came in 2000 but computer and

telecom revolution started in 1985, Infosys got listed in 1994 and many others followed and we knew about Y2K and India's

technology prospects well before 2000

2. Infrastructure rally culminated in 2008 but seeds got sowed in 2003 with electricity bill, golden quadrilateral and NHAI etc.

3. So the next rally has possibly already started. It is already upon us, we need to position ourselves for it. Where is it?

Having said so, we believe in focusing on what's in our control. What kind of companies we invest in, how do we go about formulating a

process of identifying these companies, what are the performance attributes of these companies, and what is our expectation of the

performance of these companies – I think these are the areas we all should focus on so that we can not only deliver performance but

also allow you to participate in the process of formulating that performance. For a few months now, instead of market commentary, I

have taken the liberty to provide to you a commentary on our portfolio holdings with the hope that you can read why these companies

are part of your investment portfolio.

Also, in our ongoing efforts at innovation, I would like to take this opportunity to introduce the Motilal Oswal Value Index (MOVI).

Most market indices are price indices that provide market levels and as time passes, fundamentals of the market change. Therefore,

even when markets may be at a certain measured level, they may have become cheap or expensive. MOVI helps investors gauge the

investment attractiveness of the markets. In essence, MOVI helps investors in understanding if the markets are cheap or expensive.

The index is calculated taking into account Price to Earnings, Price to Book and Dividend yield of the CNX Nifty Index where a low

MOVI level indicates that the market valuation appears to be cheap and one may allocate a higher percentage of their investments to

Equity as an asset class. This is otherwise known as “Indicative Buy Zone”. On the other hand, a high MOVI level indicates that the

market valuation appears to be expensive and that one may reduce their equity allocation. This is otherwise known as “Indicative Sell

Zone”.

For example, in April 2003, when MOVI was around the 67 levels and CNX Nifty Index was at 984, if one had invested entirely in equity

using MOVI as an indicator, the investment a year later would have returned ~85%.

I would encourage you to look at some data on our website http://www.motilaloswal.com/Asset-Management/Product-And-

Services/Plans/movi-pack-plan which amply demonstrates the requirement of such a tool.

In case of any views or feedback you would like to share with me, please write to me at [email protected]

2

Dec

-07

Feb-0

8M

ar-0

8A

pr-

08

May

-08

Jun-0

8Ju

l-0

8Se

p-0

8O

ct-0

8N

ov-

08

Dec

-08

Jan-0

9M

ar-0

9A

pr-

09

May

-09

Jun-0

9Ju

l-0

9A

ug-0

9O

ct-0

9N

ov-

09

Dec

-09

Jan-1

0Fe

b-1

0A

pr-

10

May

-10

Jun-1

0Ju

l-1

0A

ug-1

0Se

p-1

0O

ct-1

0D

ec-1

0Ja

n-1

1Fe

b-1

1M

ar-1

1A

pr-

11

May

-11

Jun-1

1A

ug-1

1Se

p-1

1O

ct-1

1N

ov-

11

Dec

-11

Jan-1

2M

ar-1

2A

pr-

12

May

-12

Jun-1

2Ju

l-1

2A

ug-1

2Se

p-1

2N

ov-

12

Dec

-12

Jan-1

3Fe

b-1

3M

ar-1

3A

pr-

13

May

-13

Jul-

13

Aug-1

3Se

p-1

3O

ct-1

3N

ov-

13

Dec

-13

20

40

60

80

100

120

140

160

180

200 CNX Nifty Nifty MOVI*

NIFTY MOVI allocation remained 0 (zero ) in equity during this period

30

40

50

60

70

80

90

100

110CNX Nifty Nifty MOVI*

The Nifty MOVI 90 DMA level was above 130. As per

Allocation Matrix we were 100% in cash with zero exposure

in equity market.

Dec

-07

Jan-0

8

Feb-0

8

Mar

-08

Apr-

08

May

-08

Jun-0

8

Jul-

08

Aug-0

8

Sep-0

8

Oct

-08

Nov-

08

Dec

-08

Jan-0

9

Feb-0

9

Mar

-09

Data as on 31st December 2013; Data rebased to 100 on December 2007; Source: IISL, MOAMC Internal Analysis

Wishing you a Happy and Prosperous 2014.

It is our stated intent to build an Expert Equity House with a focused investment philosophy. Being focused requires discipline of adherence to stated philosophy; the key lies in ignoring short term volatility and keeping patience. Being focused helps avoid distraction of too many ideas and dilution of return from over-diversification; at the same time ensuring that returns from conviction are maximized. As a fund house our investment philosophy rests on following three pillars:

Based on our investment philosophy, we have identified the following areas of business as our focus:

i) Innovations through ETFs.ii) Active Equity Management.

Q-G-L: Q denoting Quality of the business and management, G denoting growth in earnings and sustained RoE and L denoting longevity of the competitive advantage or economic moat of the business. We are a value biased investment house. But Value to us does not necessarily mean buying cheap stocks only – value to us also means buying those companies whose earnings longevity and earnings growth are not priced in by the market. We like to buy 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 more skill.

Focus: Our portfolios are high conviction portfolios with 15 to 20 stocks being our ideal number. We believe in adequate diversification but over-diversification results in diluting returns for our investors and adding market risk.

Our Investment Philosophy

Regards,

Aashish P SomaiyaaChief Executive Officer

*Allocation matrix is based on the 90 Day Moving Average of Nifty MOVI. Past Performance may or may not be sustained in future.

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

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) Motilal Oswal MOSt Shares M50 ETF (MOSt Shares M50), Motilal Oswal MOSt Shares Midcap 100 ETF (MOSt Shares Midcap 100), Motilal

Oswal MOSt Shares NASDAQ-100 ETF (MOSt Shares NASDAQ100), Motilal Oswal MOSt 10 Year Gilt Fund (MOSt 10 Year Gilt Fund), Motilal Oswal MOSt Shares Gold ETF (MOSt Gold Shares), Motilal Oswal

MOSt Focused 25 Fund and Motilal Oswal MOSt Ultra Short Term Bond Fund are the name of the Schemes and does not in any manner indicate either 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

Tech Mahindra

HDFC Bank

ITC

Idea Cellular

Container Corporation of India

Divi's Laboratories

Bata India

Housing Development Finance Corporation

Kotak Mahindra Bank

Maruti Suzuki India

Pidilite Industries

Page Industries

Sundaram Finance

Tata Motors

Cairn India

Larsen & Toubro

Hero MotoCorp

Cummins India

Oil & Natural Gas Corporation

8.61%

7.47%

6.73%

5.98%

5.24%

5.09%

5.03%

4.99%

4.51%

4.47%

4.46%

4.37%

4.30%

4.02%

3.96%

3.58%

3.00%

2.74%

2.51%

2.43%

(Data as on 31st December 2013)

Scrip

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

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

`10.4183Growth Plan

Direct Dividend Plan

`10.4183Dividend Plan

`10.5241

NAVDirect Growth Plan `10.5241

`96.50 (` crores)

Standard Deviation 4.17 (per month)

-0.05 (per month)

0.19

0.80

0.80

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 31st December 2013)

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

NOTE : Mr. Taher Badshah is also fund manager for MOSt Shares M50, MOSt Shares Midcap 100, MOSt Shares NASDAQ 100. The returns for which are on page no. 6, 7 and 8 respectively.

(Data as on 31st December 2013) 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 8.84% as on the last

auction. (Data as on 31st December 2013)

Index

6.51%

2.51%

3.00%

4.30%

4.37%

4.99%

5.03%

5.09%

5.24%

5.98%

6.01%

8.53%

11.16%

11.20%

16.08%

Cash & Equivalent

Industrial Products

Construction Project

Textile Products

Chemicals

Consumer Durables

Pharmaceuticals

Transportation

Telecom - Services

Consumer Non Durables

Oil

Finance

Auto

Banks

Software

5


Mosl ULTRA SHORT TERM BOND FUND

Security Issuer % of holding(as on 31.12.13)

IDBI Bank CD

Indusind Bank CD

PUNJAB NATIONAL BANK CD

J AND K BANK LTD CD

CANARA BANK CD

Indian Bank LTD CD

Reverse REPO/Cash/Others

IDBI Bank

Indusind Bank

Punjab National Bank

J&K Bank

Canara Bank

Indian Bank

20.22

13.22

13.29

20.13

13.23

13.40

6.52


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

`10.2966

`10.0025

`10.0049

`10.2715

`10.0026

`10.0047

`10.0056

`10.0047

6 September 2013

Entry / Exit Load Nil

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

Total Expense Ratio^Regular Plan

Direct Plan

1.00% p.a.

0.25% p.a.

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 31st December 2013) *For USTBF Modified Duration is equal to its Average maturity.

0.11 Years / 40.15 days

8.9556%


(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.


Jaiprakash Associates

Larsen & Toubro

Hindalco Industries

DLF

Mahindra & Mahindra

Tata Power Company

Housing Development Finance Corporation

Axis Bank

IDFC

ICICI Bank

8.76%

8.01%

6.38%

5.14%

4.84%

4.72%

4.28%

4.04%

3.85%

3.78%


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. Taher Badshah is also fund manager for MOSt Shares Midcap 100 & MOSt Shares NASDAQ 100. The returns for which are on page no. 7 and 8 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 8.84% as on the last auction. (Data as on 31st December 2013)

28 July 2010

`88.3485

`43.19 (` crores)

0.31% (Annualised)

1.25% p.a.

20.74 (Annualised)

-0.25 (Annualised)

0.67

Date of Allotment

Scheme Details

NAV - Growth Plan

Tracking Error*


Standard Deviation

Sharpe Ratio#


MOSt 50

1.00

1.00

CNX Nifty

1.08

0.96

Beta

R-Squared


Fund Manager He has 18 years of experience in the Financial Services Industry. He has been managing this fund fromJune 26, 2013

Mr. Taher Badshah

Fund Manager

Experience

6


(An open ended Exchange Traded Fund)

Mr. Taher Badshah has been appointed as fund manager of this scheme w.e.f. June 26, 2013 vide addendum dated June 25, 2013.

Date

Scheme

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), theNAV of the previous date is considered for computation of returns. *Also represents Additional Benchmark

MOSt Shares M50Returns (%)^

0.47%

0.54%

0.57%

0.63%

1.11%

1.35%

1.54%

2.87%

4.09%

4.63%

4.77%

5.61%

6.38%

8.01%

8.13%

8.55%

12.52%

13.90%

14.33%

Cash & Equivalent

Telecom - Services

Gas

Industrial Capital Goods

Oil

Ferrous Metals


Pharmaceuticals

Petroleum Products

Minerals/Mining

Cement

Software

Non - Ferrous Metals


Finance

Power

Auto

Construction

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

`8.3496

`34.90(` crores)

0.43% (Annualised)

1.00% p.a.

21.61 (Annualised)

-0.33 (Annualised)

0.75

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

Mahindra & Mahindra Financial Services

Reliance Communications

Adani Ports and Special Economic Zone

Divi's Laboratories

Glenmark Pharmaceuticals

Adani Enterprises

Apollo Hospitals Enterprise

Oracle Financial Services Software

Aditya Birla Nuvo

Oil India

2.31%

2.29%

2.13%

2.06%

1.98%

1.91%

1.91%

1.84%

1.79%

1.76%


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 8.84% as on the last auction. (Data as on 31st December 2013)

Total Return Index



Mr. Taher Badshah

Fund Manager

Experience

NOTE : Mr. Taher Badshah is also fund manager for MOSt Shares M50 & MOSt Shares NASDAQ 100. The returns for which are on page no. 6 and 8 respectively.

Beta*

R-Squared*

1.00

1.00

Date

Scheme

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

December 31, 2012 to December 31, 2013



IMidcap 100


(An open ended Index Exchange Traded Fund)

*The units of MOSt Share Midcap100 is listed on BSE w.e.f. December 6, 2013

0.14%

0.55%

0.82%

0.83%

0.85%

1.28%

1.43%

1.45%

1.59%

1.65%

1.76%

1.79%

1.90%

1.91%

1.93%

1.97%

2.05%

2.23%

2.29%

2.42%

2.47%

3.56%

4.41%

5.63%

5.79%

5.83%

8.97%

10.13%

11.07%

11.30%

Cash & Equivalent

Construction

Non - Ferrous Metals

Hotels

Telecom - Equipment & Accessories

Chemicals


Media & Entertainment

Industrial Products

Pesticides

Oil

Services

Auto

Healthcare Services

Gas

Consumer Durables

Trading

Petroleum Products

Telecom -Services

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

`220.6587

`83.59 (` crores)

0.42% (Annualised)

1.00% p.a.

13.11 (Annualised)

1.74 (Annualised)

0.24

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 8.84% as on the last auction. (Data as on 31st December 2013)

Total Return Index



Mr. Taher Badshah

Fund Manager

Experience

NOTE : Mr. Taher Badshah is also fund manager for MOSt Shares M50 & MOSt Shares Midcap 100. The returns for which are on page no. 6 and 7 respectively.

Beta*

R-Squared*

1.00

1.00

Date

Scheme

Performance

Benchmark Additional Benchmark

MOSt Shares N100 ETF Returns (%) ^ 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



(Data as on 31st December 2013) Industry Classification is as per Global Industry Classification Standard (GICS).

Apple

Microsoft Corporation

Google

Amazon.com

Intel Corporation

QUALCOMM

Cisco Systems

Gilead Sciences

Comcast Corporation

Facebook

12.40%

7.74%

7.63%

4.48%

3.19%

3.09%

2.96%

2.86%

2.75%

2.50%


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)

0.20%0.24%0.25%0.26%0.26%

0.28%0.28%0.28%0.28%0.28%0.35%0.36%

0.45%0.46%0.49%0.63%0.82%0.87%

0.96%1.19%1.32%1.82%1.96%2.33%2.49%

2.71%6.88%

8.18%8.77%9.24%

19.82%25.29%

Cash & EquivalentHealth Care Providers & Servic

Commercial & Professional ServicesSpecialty Retail

Internet & Catalog RetailBeverages

Semiconductors & Semiconductor …

MaterialsFood Beverages & Tobacco

Professional ServicesLife Sciences Tools & ServicesHotels Restaurants & Leisure

Transportation

AutoMobileComputers & Peripherals

Consumer Durables & ApparelWireless Telecommunication Services

Capital GoodsTelecommunication Services

Semiconductors

BiotechnologyFood & Staples Retailing

Consumer ServicesFood Products

Health Care Equipment & ServicesInternet Software & Services

Semiconductors & Semiconductor

MediaRetailing

Pharmaceuticals, BiotechnologyTechnology 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 31st December 2013)

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

Rate(Re/Unit) 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

97.63

2.37

8.83% GOI 2023

Reverse REPO/Cash/Others

Government of India


Portfolio

Quantitative Indicators Average Maturity

Modified Duration

YTM


9.67 Years

6.31 Years

8.8194%

12 December 2011Date of Allotment

Scheme Details

`10.6474Growth Plan

Direct Dividend Plan

`9.8822

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

Dividend Plan

`9.9563

NAV Direct Growth Plan `10.6570

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 17 years of experience in the Financial Services Industry.He has been managing this fund from 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

`2604.1410

`55.71 (` crores)

1.50% p.a.

0.30% (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.

Mr. Anubhav Srivastava

Fund Manager(Data as on 31st December 2013)

98.81%

1.19%

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; ncase, the start/end date of the concerned period is non business date (NBD), theNAV 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 has been appointed as fund manager of this schemew.e.f. June 26, 2013 vide addendum dated June 25, 2013.


• 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 2012 was 16.10 whereas currently its around 14.05. However, Price/Sales for the Index is close to where it was last year (0.98 v/s 0.97) and EV/EBITDA is similarly at 10.92 v/s 10.41 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 31st Dec 2013.


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 344% CYTD. The other companies like Google, Microsoft and Qualcomm have returned 57.99%, 40.03% and 20.03% respectively.

Source: Bloomberg Data as on 31st Dec 2013.

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

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