As per the site of Motilal Oswal the Motilal Oswal Mutual Fund is registered with SEBI under Securities Exchange Board of India (Mutual Funds) Regulations, 1996 vide Registration Code MF/063/09/04 dated December 29, 2009. MOSt Shares N100 ETF seeks investment results that correspond generally to the price performance, before fees and expenses, of the NASDAQ-100 Index.
They say that they have launched their third product MOSt Shares NASDAQ 100 ETF (An Open Ended Index Traded Fund) - India's 1st US Equities based ETF, based on NASDAQ-100 Index.
Salient Features:
India’s First US Equity based ETF (Rupee Denominated & Does not fall under foreign Investment Cap of 200K)
Indian market hours access – MOSt Shares NASDAQ 100 will trade during Indian market hours
Passive Investing: no discretion with Fund Manager
Taxed as ‘Investment other than Equity Oriented fund’ (i.e. debt taxation with indexation benefits)
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